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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 417.0M | 694.0M | 897.0M | 670.0M | 580.0M | 389.0M | 459.0M | 270.0M | 298.0M | 200.0M | 196.0M | 177.0M | 117.0M |
| Revenue Growth % | -39.9% | -22.6% | 33.9% | 15.5% | 49.1% | -15.3% | 70.0% | -9.4% | 49.0% | 2.0% | 10.7% | 51.3% | -- |
| Total Revenue | 417.0M | 694.0M | 897.0M | 670.0M | 580.0M | 389.0M | 459.0M | 270.0M | 298.0M | 200.0M | 196.0M | 177.0M | 117.0M |
| Cost Of Revenue | 285.0M | 454.0M | 518.0M | 391.0M | 275.0M | 183.0M | 203.0M | 118.0M | 115.0M | 80.8M | 82.0M | 82.1M | 58.9M |
| Gross Profit | 132.0M | 240.0M | 379.0M | 279.0M | 305.0M | 206.0M | 256.0M | 152.0M | 183.0M | 119.2M | 114.0M | 94.9M | 58.1M |
| Gross Margin % | 31.7% | 34.6% | 42.3% | 41.6% | 52.6% | 53.0% | 55.8% | 56.3% | 61.4% | 59.6% | 58.1% | 53.6% | 49.6% |
| Total Operating Cost | 582.0M | 751.0M | 779.0M | 585.0M | 414.0M | 303.0M | 332.0M | 196.0M | 219.0M | 140.0M | 138.0M | 131.0M | 81.5M |
| Selling Expenses | 93.7M | 99.5M | 95.1M | 93.9M | 77.8M | 63.6M | 63.0M | 40.8M | 39.4M | 27.5M | 27.2M | 21.8M | 8.5M |
| Admin Expenses | 52.2M | 64.1M | 51.6M | 47.5M | 32.7M | 31.4M | 37.8M | 24.4M | 30.7M | 25.3M | 24.1M | 25.1M | 11.1M |
| Rd Expenses | 32.6M | 42.0M | 28.6M | 23.9M | 15.8M | 13.2M | 11.4M | 5.7M | 12.7M | -- | -- | -- | -- |
| Finance Expenses | 21.0M | 25.7M | 17.2M | 2.0M | -2.7M | -1.2M | -1.1M | -2.0M | -754,000 | -545,100 | 569,100 | 493,400 | 667,600 |
| Operating Income | -154.0M | -46.9M | 119.0M | 96.6M | 173.0M | 105.0M | 133.0M | 75.5M | 80.1M | 62.3M | 59.5M | 45.6M | 35.6M |
| Operating Margin % | -36.9% | -6.8% | 13.3% | 14.4% | 29.8% | 27.0% | 29.0% | 27.9% | 26.9% | 31.1% | 30.3% | 25.8% | 30.4% |
| Non Operating Income | 1.1M | 1.9M | 1.8M | 1.8M | 19.3M | 858,800 | 1.4M | 1.3M | 1.4M | 1.5M | 1.9M | 6.7M | 41,300 |
| Non Operating Expenses | 4.7M | 263,900 | 309,200 | 407,600 | 246,500 | 155,400 | 200.00 | 48,500 | 13,100 | 80,600 | 1,200 | 1,600 | 27,700 |
| Investment Income | 2.3M | 2.5M | 1.2M | 3.7M | 4.7M | 6.4M | 2.9M | 1.3M | 1.6M | 2.6M | 950,800 | -- | -- |
| Asset Disposal Income | 1.7M | 497,100 | -2.0M | 94,200 | -257,300 | -39,400 | -78,200 | -200.00 | -519,400 | -583,100 | -- | -- | -- |
| Asset Impairment Loss | 20.6M | 2.5M | 3.4M | -841,900 | 1.2M | -- | 12.1M | 5.6M | 18.4M | 4.0M | 1.9M | 383,300 | 1.6M |
| Other Income | 6.4M | 6.7M | 1.7M | 7.6M | 2.4M | 12.6M | 2.5M | 662,900 | -- | -- | -- | -- | -- |
| Income Before Tax | -158.0M | -45.2M | 120.0M | 98.1M | 192.0M | 106.0M | 134.0M | 76.7M | 81.5M | 63.7M | 61.3M | 52.3M | 35.6M |
| Income Tax | -17.1M | -4.0M | 19.2M | 12.9M | 31.3M | 15.1M | 20.0M | 11.3M | 12.8M | 9.6M | 9.3M | 8.1M | 5.5M |
| Net Income | -141.0M | -41.2M | 101.0M | 85.1M | 161.0M | 90.7M | 114.0M | 65.4M | 68.7M | 54.1M | 52.0M | 44.2M | 30.1M |
| Net Margin % | -33.8% | -5.9% | 11.3% | 12.7% | 27.8% | 23.3% | 24.8% | 24.2% | 23.1% | 27.0% | 26.5% | 25.0% | 25.8% |
| Net Income Attributable | -141.0M | -41.1M | 100.0M | 87.5M | 161.0M | 90.7M | 114.0M | 65.4M | 68.7M | 54.1M | 52.0M | 44.2M | 30.1M |
| Minority Interest | 95,300 | -110,700 | 901,200 | -2.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.57 | -0.17 | 0.41 | 0.36 | 0.80 | 1.21 | 1.91 | 1.09 | 1.15 | 0.90 | 0.87 | -- | -- |
| Eps Diluted | -0.57 | -0.17 | 0.41 | 0.36 | 0.80 | 1.21 | 1.91 | 1.09 | 1.15 | 0.90 | 0.87 | -- | -- |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 601.0M | 610.0M | 569.0M | 402.0M | 535.0M | 485.0M | 252.0M | 212.0M | 190.0M | 156.0M | 124.0M | 60.2M | 45.6M |
| Accounts Receivable | 713.0M | 867.0M | 839.0M | 547.0M | 367.0M | 301.0M | 233.0M | 148.0M | 117.0M | 74.3M | 55.9M | 42.4M | 40.1M |
| Notes Receivable | 10.4M | 10.4M | 15.0M | 7.7M | 7.0M | 7.2M | 100,000 | 4.5M | 100,000 | 1.0M | -- | -- | -- |
| Notes And Accounts Receivable | 724.0M | 878.0M | 854.0M | 555.0M | 374.0M | 308.0M | 233.0M | 153.0M | 117.0M | 75.3M | 55.9M | 42.4M | 40.1M |
| Prepayments | 17.9M | 22.5M | 33.2M | 48.6M | 38.2M | 7.5M | 17.3M | 17.5M | 9.6M | 8.2M | 7.4M | 9.4M | 12.4M |
| Inventory | 327.0M | 295.0M | 279.0M | 341.0M | 176.0M | 126.0M | 88.9M | 87.6M | 59.7M | 46.2M | 62.5M | 46.3M | 29.2M |
| Total Current Assets | 1.7B | 1.9B | 1.8B | 1.4B | 1.2B | 931.0M | 598.0M | 473.0M | 383.0M | 291.0M | 251.0M | 159.0M | 130.0M |
| Long Term Equity Investment | 10.2M | 9.9M | 9.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 582.0M | 584.0M | 285.0M | 130.0M | 98.5M | 49.5M | -- | -- | 42.4M | 49.7M | 49.0M | 41.8M |
| Fixed Assets Total | 592.0M | 583.0M | 584.0M | 285.0M | 130.0M | 98.5M | 49.5M | 50.0M | 51.5M | 42.4M | 49.7M | 49.0M | 41.8M |
| Construction In Progress | -- | 48.7M | 43.5M | 251.0M | 122.0M | 25.9M | 70.6M | -- | -- | 145,000 | -- | 172,900 | -- |
| Construction In Progress Total | 6.4M | 48.7M | 43.5M | 251.0M | 122.0M | 25.9M | 70.6M | 6.1M | -- | 145,000 | -- | 172,900 | -- |
| Intangible Assets | 70.6M | 66.4M | 64.2M | 51.0M | 35.9M | 22.0M | 6.3M | 6.5M | 6.6M | 6.8M | 6.9M | 7.1M | 7.2M |
| Long Term Deferred Expenses | 301,800 | 248,800 | 360,000 | 23,300 | 78,600 | 550,300 | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 759.0M | 783.0M | 772.0M | 639.0M | 323.0M | 176.0M | 153.0M | 88.4M | 79.4M | 65.9M | 70.0M | 64.8M | 50.1M |
| Total Assets | 2.5B | 2.6B | 2.6B | 2.1B | 1.5B | 1.1B | 751.0M | 562.0M | 462.0M | 357.0M | 321.0M | 224.0M | 180.0M |
| Short Term Borrowings | 126.0M | 262.0M | 238.0M | 115.0M | 47.6M | -- | -- | -- | -- | 391,000 | -- | 12.9M | 14.5M |
| Accounts Payable | 191.0M | 199.0M | 182.0M | 177.0M | 73.4M | 48.0M | 59.6M | -- | -- | 10.8M | 10.8M | 16.3M | 19.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 11.9M | 33.8M | 19.1M | 4.5M | 7.2M | 14.2M | 4.0M | 2.0M |
| Contract Liabilities | 121.0M | 54.5M | 32.3M | 25.3M | 23.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 668.0M | 688.0M | 637.0M | 562.0M | 357.0M | 134.0M | 181.0M | 104.0M | 69.0M | 35.2M | 44.9M | 59.8M | 58.6M |
| Long Term Borrowings | 89.6M | 110.0M | 70.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 159.0M | 385.0M | 302.0M | 195.0M | 14.8M | 6.0M | 9.4M | 11.9M | 12.5M | 9.7M | 8.3M | 8.5M | 11.5M |
| Total Liabilities | 828.0M | 1.1B | 939.0M | 757.0M | 372.0M | 140.0M | 190.0M | 116.0M | 81.5M | 44.9M | 53.2M | 68.3M | 70.1M |
| Paid In Capital | 276.0M | 247.0M | 247.0M | 202.0M | 144.0M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 60.0M | 13.6M | 13.6M |
| Capital Reserve | 884.0M | 613.0M | 603.0M | 399.0M | 422.0M | 486.0M | 190.0M | 190.0M | 190.0M | 190.0M | 190.0M | 61.1M | 59.4M |
| Surplus Reserve | 77.1M | 77.1M | 77.1M | 66.8M | 57.5M | 41.1M | 32.0M | 20.5M | 14.0M | 7.1M | 1.7M | 8.1M | 3.7M |
| Retained Earnings | 401.0M | 542.0M | 603.0M | 532.0M | 486.0M | 360.0M | 278.0M | 175.0M | 116.0M | 54.3M | 15.5M | 72.7M | 32.9M |
| Minority Equity | 7.9M | 7.8M | 7.9M | 22.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.6B | 1.6B | 1.6B | 1.3B | 1.1B | 967.0M | 560.0M | 446.0M | 380.0M | 312.0M | 267.0M | 155.0M | 110.0M |
| Total Equity | 1.6B | 1.6B | 1.6B | 1.3B | 1.1B | 967.0M | 560.0M | 446.0M | 380.0M | 312.0M | 267.0M | 155.0M | 110.0M |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 594.0M | 686.0M | 657.0M | 520.0M | 565.0M | 327.0M | 456.0M | 285.0M | 290.0M | 201.0M | 212.0M | 219.0M | 112.0M |
| Tax Refunds Received | -- | -- | 25.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 609.0M | 736.0M | 706.0M | 541.0M | 603.0M | 349.0M | 484.0M | 293.0M | 296.0M | 206.0M | 216.0M | 223.0M | 124.0M |
| Cash Paid For Goods | 271.0M | 350.0M | 434.0M | 457.0M | 282.0M | 232.0M | 199.0M | 149.0M | 132.0M | 67.1M | 111.0M | 114.0M | 82.8M |
| Cash Paid To Employees | 99.1M | 120.0M | 115.0M | 94.4M | 56.0M | 60.5M | 43.5M | 35.4M | 29.3M | 23.0M | 22.4M | 17.0M | 11.2M |
| Taxes Paid | 31.0M | 68.8M | 92.2M | 69.2M | 57.2M | 41.2M | 56.4M | 43.5M | 46.6M | 43.5M | 27.0M | 26.4M | 7.2M |
| Total Operating Cash Outflow | 513.0M | 659.0M | 744.0M | 724.0M | 483.0M | 402.0M | 367.0M | 271.0M | 248.0M | 163.0M | 189.0M | 187.0M | 116.0M |
| Operating Cash Flow | 96.1M | 77.9M | -38.0M | -183.0M | 121.0M | -53.6M | 117.0M | 22.3M | 48.8M | 43.2M | 27.2M | 36.3M | 8.2M |
| Total Investing Cash Inflow | 838.0M | 765.0M | 373.0M | 712.0M | 651.0M | 750.0M | 593.0M | 338.0M | 508.0M | 671.0M | 116.0M | -- | 60,000 |
| Total Investing Cash Outflow | 876.0M | 844.0M | 550.0M | 917.0M | 803.0M | 783.0M | 672.0M | 340.0M | 522.0M | 673.0M | 126.0M | 11.6M | 32.0M |
| Investing Cash Flow | -38.7M | -79.1M | -177.0M | -205.0M | -152.0M | -32.8M | -79.0M | -2.1M | -14.8M | -1.5M | -9.9M | -11.6M | -32.0M |
| Cash From Borrowings | 203.0M | 353.0M | 363.0M | 411.0M | 91.8M | -- | -- | -- | -- | 391,000 | 7.8M | 18.9M | 14.5M |
| Dividends And Interest Paid | 14.1M | 34.5M | 28.8M | 37.8M | 19.3M | -- | -- | -- | 20,700 | 9.9M | 756,400 | 2.0M | 428,900 |
| Debt Repayments | 289.0M | 283.0M | 183.0M | 96.9M | 44.3M | -- | -- | -- | 391,000 | -- | 20.6M | 20.6M | 7.0M |
| Total Financing Cash Inflow | 210.0M | 366.0M | 621.0M | 429.0M | 91.8M | 384.0M | -- | -- | -- | 391,000 | 67.8M | 18.9M | 84.5M |
| Total Financing Cash Outflow | 306.0M | 323.0M | 228.0M | 166.0M | 63.6M | 64.2M | -- | -- | 411,700 | 9.9M | 21.4M | 28.9M | 16.1M |
| Financing Cash Flow | -95.7M | 42.7M | 393.0M | 262.0M | 28.2M | 320.0M | -- | -- | -411,700 | -9.5M | 46.4M | -10.0M | 68.4M |
| Net Change In Cash | -38.3M | 41.4M | 178.0M | -125.0M | -2.8M | 233.0M | 37.6M | 20.1M | 33.6M | 32.2M | 63.6M | 14.7M | 44.7M |
| Ending Cash Balance | 534.0M | 572.0M | 531.0M | 353.0M | 478.0M | 481.0M | 247.0M | 210.0M | 190.0M | 156.0M | 124.0M | 60.2M | 45.6M |
| Capex | 46.3M | 81.4M | 149.0M | 212.0M | 157.0M | 39.8M | 82.1M | 4.5M | 17.4M | 4.5M | 10.9M | 11.6M | 32.0M |