Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 301.0M | 350.0M | 561.0M | 614.0M | 304.0M | 184.0M | 128.0M | 136.0M | 119.0M | 105.0M | 65.0M | 41.0M |
| Revenue Growth % | -14.0% | -37.6% | -8.6% | 102.0% | 65.2% | 43.8% | -5.9% | 14.3% | 13.3% | 61.6% | 58.5% | -- |
| Total Revenue | 301.0M | 350.0M | 561.0M | 614.0M | 304.0M | 184.0M | 128.0M | 136.0M | 119.0M | 105.0M | 65.0M | 41.0M |
| Cost Of Revenue | 312.0M | 265.0M | 269.0M | 266.0M | 93.4M | 60.3M | 47.2M | 37.4M | 24.5M | 22.6M | 19.2M | 13.6M |
| Gross Profit | -11.0M | 85.0M | 292.0M | 348.0M | 210.6M | 123.7M | 80.8M | 98.6M | 94.5M | 82.4M | 45.8M | 27.4M |
| Gross Margin % | -3.7% | 24.3% | 52.0% | 56.7% | 69.3% | 67.2% | 63.1% | 72.5% | 79.4% | 78.5% | 70.5% | 66.8% |
| Total Operating Cost | 378.0M | 281.0M | 332.0M | 321.0M | 142.0M | 102.0M | 68.5M | 53.9M | 39.6M | 44.4M | 25.9M | 19.4M |
| Selling Expenses | 4.6M | 2.1M | 1.3M | 834,900 | 565,900 | 684,100 | 720,600 | 324,100 | 388,200 | 463,700 | 332,200 | 337,900 |
| Admin Expenses | 24.1M | 20.6M | 19.4M | 21.3M | 22.3M | 25.1M | 10.7M | 10.9M | 9.1M | 21.8M | 4.7M | 4.3M |
| Rd Expenses | 34.7M | 24.0M | 23.3M | 16.9M | 11.0M | 12.3M | 7.2M | 3.8M | -- | -- | -- | -- |
| Finance Expenses | -9.8M | -13.2M | -7.2M | -1.3M | -334,800 | -62,300 | -362,500 | 83,400 | 403,900 | -303,400 | -34,000 | 338,900 |
| Operating Income | -29.8M | 81.9M | 248.0M | 299.0M | 173.0M | 93.3M | 80.1M | 84.7M | 79.3M | 60.6M | 39.4M | 21.6M |
| Operating Margin % | -9.9% | 23.4% | 44.2% | 48.7% | 56.9% | 50.7% | 62.5% | 62.3% | 66.7% | 57.7% | 60.6% | 52.7% |
| Non Operating Income | 29,100 | -- | -- | -- | -- | -- | 3,600 | 3.4M | 1.2M | 1.8M | 41,800 | -- |
| Non Operating Expenses | 690,600 | 674,000 | 1.4M | 66,000 | 5.9M | 44,000 | 50,000 | 300.00 | 28,300 | 133,000 | -- | -- |
| Investment Income | 32.7M | 184,500 | 7.4M | -182,700 | 3.6M | 2.7M | 12.7M | 2.0M | 32,900 | 116,200 | 253,400 | -- |
| Fair Value Change Income | 8.8M | 7.4M | 6.6M | 3.3M | 2.0M | 6.0M | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 548,300 | 187,800 | -8,400 | 7,600 | 524,400 | -- | 1.7M | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 8.3M | -- | -- | -- | 1.6M | -- | 688,500 | -761,200 | 3.7M | -1.5M | 1.3M | -106,100 |
| Other Income | 4.7M | 5.1M | 4.9M | 3.2M | 4.9M | 2.3M | 6.0M | 741,500 | -- | -- | -- | -- |
| Income Before Tax | -30.5M | 81.2M | 247.0M | 299.0M | 167.0M | 93.3M | 80.0M | 88.1M | 80.5M | 62.2M | 39.4M | 21.6M |
| Income Tax | -3.6M | 12.4M | 33.9M | 44.0M | 29.9M | 15.3M | 11.5M | 14.5M | 12.4M | 11.9M | 5.5M | 3.8M |
| Net Income | -26.9M | 68.9M | 213.0M | 255.0M | 137.0M | 78.1M | 68.5M | 73.6M | 68.2M | 50.4M | 33.9M | 17.8M |
| Net Margin % | -8.9% | 19.7% | 38.0% | 41.5% | 45.1% | 42.4% | 53.5% | 54.1% | 57.3% | 48.0% | 52.1% | 43.4% |
| Net Income Attributable | -24.9M | 68.9M | 213.0M | 255.0M | 137.0M | 78.1M | 68.5M | 73.6M | 68.2M | 50.4M | 33.9M | 17.8M |
| Minority Interest | -1.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.09 | 0.23 | 0.73 | 1.08 | 0.58 | 0.39 | 0.58 | 0.63 | 1.32 | 1.02 | 0.69 | 0.40 |
| Eps Diluted | -0.09 | 0.23 | 0.73 | 1.08 | 0.58 | 0.39 | 0.58 | 0.63 | 1.32 | 1.02 | 0.69 | 0.40 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 390.0M | 672.0M | 478.0M | 563.0M | 150.0M | 116.0M | 86.0M | 245.0M | 43.3M | 88.5M | 34.5M | 59.0M |
| Trading Financial Assets | 500.0M | 318.0M | 175.0M | 305.0M | 30.2M | 60.1M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 335.0M | 346.0M | 725.0M | 436.0M | 293.0M | 127.0M | 94.0M | 87.4M | 106.0M | 30.1M | 43.3M | 37.0M |
| Notes Receivable | 9.8M | 59.9M | 15.1M | 16.1M | 9.8M | 6.4M | 51.3M | 470,000 | 3.0M | 3.7M | 8.0M | 9.0M |
| Notes And Accounts Receivable | 345.0M | 406.0M | 740.0M | 453.0M | 303.0M | 133.0M | 145.0M | 87.8M | 109.0M | 33.8M | 51.3M | 46.0M |
| Prepayments | 6.9M | 6.0M | 8.0M | 11.8M | 2.4M | 2.0M | 1.4M | 1.8M | 607,800 | 643,600 | 374,300 | 171,400 |
| Inventory | 189.0M | 190.0M | 186.0M | 156.0M | 158.0M | 114.0M | 74.4M | 52.8M | 36.5M | 27.6M | 20.6M | 13.4M |
| Total Current Assets | 1.4B | 1.6B | 1.6B | 1.5B | 753.0M | 611.0M | 550.0M | 569.0M | 193.0M | 151.0M | 122.0M | 120.0M |
| Long Term Equity Investment | 66.7M | 26.5M | 34.3M | 27.0M | 27.3M | 27.8M | 28.5M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 455.0M | 287.0M | 255.0M | 242.0M | 209.0M | 154.0M | 151.0M | 36.1M | 39.3M | 39.1M | 35.5M |
| Fixed Assets Total | 490.0M | 455.0M | 287.0M | 255.0M | 242.0M | 209.0M | 154.0M | 151.0M | 36.1M | 39.3M | 39.1M | 35.5M |
| Construction In Progress | -- | 3.7M | 125.0M | 33.0M | 1.3M | 426,800 | 37.0M | 8.6M | 101.0M | 34.1M | -- | -- |
| Construction In Progress Total | 8.3M | 8.3M | 136.0M | 65.1M | 7.3M | 13.1M | 37.0M | 8.6M | 101.0M | 34.1M | -- | -- |
| Intangible Assets | 50.7M | 28.0M | 29.7M | 30.5M | 31.7M | 32.5M | 18.6M | 18.3M | 18.4M | 18.8M | 3.1M | 3.2M |
| Long Term Deferred Expenses | 974,700 | 1.6M | 2.1M | 2.9M | 613,800 | 1.0M | 1.5M | 1.9M | -- | -- | -- | -- |
| Total Non Current Assets | 654.0M | 584.0M | 556.0M | 413.0M | 351.0M | 316.0M | 277.0M | 198.0M | 169.0M | 106.0M | 53.8M | 41.5M |
| Total Assets | 2.1B | 2.2B | 2.1B | 1.9B | 1.1B | 927.0M | 827.0M | 766.0M | 361.0M | 257.0M | 176.0M | 161.0M |
| Short Term Borrowings | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 142.0M | 202.0M | 173.0M | 90.6M | 25.9M | 18.6M | 10.9M | 9.4M | 14.5M | 6.9M | 3.4M | 1.7M |
| Contract Liabilities | 9.2M | 2.1M | 509,800 | 270,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 174.0M | 236.0M | 205.0M | 155.0M | 83.2M | 35.9M | 29.4M | 25.3M | 38.7M | 22.0M | 15.5M | 25.4M |
| Long Term Borrowings | 15.0M | 15.0M | 15.0M | 15.0M | 30.0M | 30.0M | 30.0M | 30.0M | 30.0M | -- | -- | -- |
| Total Non Current Liabilities | 63.5M | 62.8M | 67.6M | 43.0M | 59.7M | 47.4M | 48.8M | 42.1M | 36.6M | 3.7M | 788,300 | 280,000 |
| Total Liabilities | 238.0M | 298.0M | 273.0M | 199.0M | 143.0M | 83.3M | 78.2M | 67.4M | 75.4M | 25.7M | 16.3M | 25.7M |
| Paid In Capital | 293.0M | 293.0M | 293.0M | 244.0M | 179.0M | 119.0M | 117.0M | 69.0M | 51.7M | 51.7M | 49.2M | 49.2M |
| Capital Reserve | 812.0M | 812.0M | 812.0M | 861.0M | 428.0M | 469.0M | 434.0M | 483.0M | 147.0M | 147.0M | 43.9M | 43.9M |
| Surplus Reserve | 100.0M | 100.0M | 92.7M | 71.0M | 45.5M | 31.9M | 24.1M | 17.2M | 9.8M | 3.0M | 6.4M | 3.1M |
| Retained Earnings | 614.0M | 668.0M | 665.0M | 523.0M | 315.0M | 216.0M | 167.0M | 125.0M | 73.6M | 27.2M | 59.1M | 38.4M |
| Minority Equity | 18.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.8B | 1.9B | 1.9B | 1.7B | 961.0M | 844.0M | 749.0M | 699.0M | 286.0M | 231.0M | 160.0M | 135.0M |
| Total Equity | 1.9B | 1.9B | 1.9B | 1.7B | 961.0M | 844.0M | 749.0M | 699.0M | 286.0M | 231.0M | 160.0M | 135.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 381.0M | 752.0M | 332.0M | 560.0M | 132.0M | 212.0M | 90.7M | 180.0M | 60.8M | 137.0M | 66.5M | 41.0M |
| Tax Refunds Received | 6.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 404.0M | 771.0M | 350.0M | 564.0M | 151.0M | 222.0M | 98.1M | 186.0M | 62.3M | 139.0M | 66.7M | 41.3M |
| Cash Paid For Goods | 211.0M | 150.0M | 141.0M | 120.0M | 63.4M | 38.6M | 31.7M | 20.9M | 14.1M | 14.3M | 15.6M | 22.8M |
| Cash Paid To Employees | 128.0M | 113.0M | 114.0M | 89.7M | 54.0M | 46.4M | 36.4M | 27.2M | 18.8M | 14.7M | 11.9M | 10.4M |
| Taxes Paid | 6.7M | 38.5M | 129.0M | 102.0M | 45.8M | 29.3M | 27.8M | 37.3M | 20.0M | 23.8M | 15.1M | 7.0M |
| Total Operating Cash Outflow | 360.0M | 321.0M | 394.0M | 318.0M | 175.0M | 119.0M | 99.6M | 91.7M | 56.0M | 54.9M | 43.8M | 41.5M |
| Operating Cash Flow | 43.8M | 450.0M | -44.4M | 246.0M | -23.6M | 104.0M | -1.5M | 93.8M | 6.3M | 84.1M | 22.9M | -243,200 |
| Total Investing Cash Inflow | 791.0M | 588.0M | 846.0M | 269.0M | 687.0M | 939.0M | 898.0M | 172.0M | 10.0M | 47.7M | 30.3M | -- |
| Total Investing Cash Outflow | 1.1B | 792.0M | 838.0M | 558.0M | 614.0M | 1.0B | 1.0B | 408.0M | 75.7M | 86.8M | 60.3M | 2.6M |
| Investing Cash Flow | -283.0M | -203.0M | 8.5M | -289.0M | 73.1M | -66.5M | -143.0M | -237.0M | -65.6M | -39.2M | -30.0M | -2.6M |
| Cash From Borrowings | -- | 10.0M | 5.0M | -- | -- | -- | -- | -- | 30.0M | -- | -- | -- |
| Dividends And Interest Paid | 29.8M | 58.8M | 49.1M | 21.8M | 24.4M | 21.6M | 20.5M | 15.5M | 15.4M | 10.0M | 10.1M | 752,700 |
| Debt Repayments | 10.0M | -- | 5.0M | 15.0M | -- | -- | -- | -- | -- | -- | 7.9M | 1.5M |
| Total Financing Cash Inflow | -- | 10.0M | 5.0M | 494.0M | 10.0M | 22.5M | -- | 364.0M | 34.5M | 29.8M | 550,000 | 65.0M |
| Total Financing Cash Outflow | 42.9M | 63.1M | 54.3M | 37.4M | 25.0M | 22.0M | 20.9M | 20.1M | 18.8M | 23.7M | 18.0M | 4.6M |
| Financing Cash Flow | -42.9M | -53.1M | -49.3M | 457.0M | -15.0M | 478,800 | -20.9M | 344.0M | 15.7M | 6.1M | -17.4M | 60.4M |
| Net Change In Cash | -282.0M | 194.0M | -85.3M | 414.0M | 34.5M | 37.8M | -166.0M | 202.0M | -43.6M | 51.0M | -24.5M | 57.5M |
| Ending Cash Balance | 390.0M | 672.0M | 478.0M | 563.0M | 150.0M | 115.0M | 77.6M | 243.0M | 41.8M | 85.5M | 34.5M | 59.0M |
| Capex | 98.8M | 76.6M | 128.0M | 97.1M | 71.4M | 72.9M | 68.6M | 58.1M | 65.7M | 54.4M | 15.3M | 2.6M |