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 | 164.0M | 220.0M | 329.0M | 233.0M | 216.0M | 469.0M | 365.0M | 325.0M | 260.0M | 234.0M | 155.0M | 113.0M | 74.9M |
| Revenue Growth % | -25.5% | -33.1% | 41.2% | 7.9% | -53.9% | 28.5% | 12.3% | 25.0% | 11.1% | 51.0% | 37.2% | 50.9% | -- |
| Total Revenue | 164.0M | 220.0M | 329.0M | 233.0M | 216.0M | 469.0M | 365.0M | 325.0M | 260.0M | 234.0M | 155.0M | 113.0M | 74.9M |
| Cost Of Revenue | 104.0M | 143.0M | 197.0M | 140.0M | 105.0M | 251.0M | 195.0M | 178.0M | 132.0M | 114.0M | 80.4M | 65.6M | 47.2M |
| Gross Profit | 60.0M | 77.0M | 132.0M | 93.0M | 111.0M | 218.0M | 170.0M | 147.0M | 128.0M | 120.0M | 74.6M | 47.4M | 27.7M |
| Gross Margin % | 36.6% | 35.0% | 40.1% | 39.9% | 51.4% | 46.5% | 46.6% | 45.2% | 49.2% | 51.3% | 48.1% | 42.0% | 36.9% |
| Total Operating Cost | 238.0M | 289.0M | 360.0M | 299.0M | 245.0M | 404.0M | 309.0M | 279.0M | 224.0M | 193.0M | 131.0M | 96.2M | 67.3M |
| Selling Expenses | 19.8M | 26.3M | 33.8M | 34.2M | 28.2M | 37.2M | 28.2M | 25.0M | 24.6M | 18.7M | 11.7M | 7.3M | 5.1M |
| Admin Expenses | 39.8M | 39.0M | 42.4M | 41.3M | 33.2M | 31.1M | 30.7M | 30.5M | 29.4M | 52.9M | 34.9M | 20.6M | 13.3M |
| Rd Expenses | 43.3M | 56.0M | 57.6M | 68.7M | 56.9M | 52.5M | 40.6M | 34.1M | 28.7M | -- | -- | -- | -- |
| Finance Expenses | 2.2M | 1.8M | 3.0M | 12,400 | -978,100 | 3.4M | 3.6M | 2.5M | 1.5M | 2.4M | 1.9M | 318,000 | -20,100 |
| Operating Income | -72.1M | -61.5M | -16.9M | -52.4M | -14.0M | 75.0M | 64.9M | 49.6M | 39.9M | 43.7M | 23.9M | 17.2M | 7.6M |
| Operating Margin % | -44.0% | -28.0% | -5.1% | -22.5% | -6.5% | 16.0% | 17.8% | 15.3% | 15.4% | 18.7% | 15.4% | 15.2% | 10.2% |
| Non Operating Income | 305,500 | 18,200 | 2.0M | 2.4M | 10.8M | 8.2M | 1.4M | 4.7M | 3.6M | 3.7M | 4.8M | 2.9M | 1.1M |
| Non Operating Expenses | 526,700 | 551,700 | 47,800 | 450,700 | 5,800 | 569,700 | 133,300 | 443,200 | 143,200 | 70,800 | 123,300 | -- | 58.00 |
| Investment Income | -106,600 | -497,000 | -461,500 | 695,200 | 4.4M | -960,100 | -484,100 | 431,400 | -61,900 | 30,300 | 152,800 | -- | -- |
| Asset Disposal Income | -- | -400.00 | -3,900 | 2,100 | 700.00 | -800.00 | 9,100 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 6.0M | 5.2M | 12.1M | 4.2M | 6.6M | 3.3M | 7.2M | 5.6M | 5.0M | 2.0M | 1.2M | 1.2M | 1.0M |
| Other Income | 2.6M | 8.2M | 14.0M | 13.2M | 10.8M | 11.3M | 8.9M | 3.5M | 4.4M | 2.2M | -- | -- | -- |
| Income Before Tax | -72.3M | -62.0M | -14.9M | -50.4M | -3.2M | 82.7M | 66.2M | 53.9M | 43.4M | 47.3M | 28.5M | 20.1M | 8.7M |
| Income Tax | -11.8M | -12.0M | -5.9M | -12.6M | -5.9M | 7.9M | 7.9M | 6.3M | 4.8M | 5.9M | 4.2M | 991,400 | 680,500 |
| Net Income | -60.5M | -50.0M | -9.0M | -37.8M | 2.6M | 74.8M | 58.3M | 47.5M | 38.6M | 41.4M | 24.3M | 19.1M | 8.0M |
| Net Margin % | -36.9% | -22.7% | -2.7% | -16.2% | 1.2% | 15.9% | 16.0% | 14.6% | 14.9% | 17.7% | 15.7% | 16.9% | 10.7% |
| Net Income Attributable | -59.3M | -50.1M | -8.5M | -37.3M | 3.2M | 74.5M | 58.3M | 47.7M | 38.8M | 41.5M | 24.3M | 19.1M | 8.0M |
| Minority Interest | -1.2M | 67,900 | -515,400 | -496,000 | -529,800 | 243,800 | 83,400 | -202,700 | -196,700 | -83,800 | -14,600 | -- | -- |
| Eps Basic | -0.87 | -0.74 | -0.13 | -0.55 | 0.05 | 1.47 | 1.15 | 0.94 | 0.81 | 0.92 | 0.61 | 2.04 | 1.20 |
| Eps Diluted | -0.87 | -0.74 | -0.13 | -0.55 | 0.05 | 1.47 | 1.15 | 0.94 | 0.81 | 0.92 | 0.61 | 1.79 | 1.20 |
| 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 | 83.0M | 79.4M | 114.0M | 89.7M | 95.8M | 389.0M | 166.0M | 142.0M | 87.1M | 55.3M | 32.6M | 14.4M | 11.3M |
| Trading Financial Assets | -- | -- | -- | -- | 80.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 213.0M | 228.0M | 196.0M | 211.0M | 186.0M | 230.0M | 179.0M | 166.0M | 97.7M | 72.4M | 55.0M | 39.1M | 20.0M |
| Notes Receivable | 15.4M | 15.3M | 14.9M | 3.4M | 1.4M | -- | 23.9M | 2.3M | 2.9M | 1.6M | 2.6M | 1.2M | -- |
| Notes And Accounts Receivable | 228.0M | 244.0M | 211.0M | 214.0M | 188.0M | 230.0M | 203.0M | 168.0M | 101.0M | 74.0M | 57.6M | 40.3M | 20.0M |
| Prepayments | 9.9M | 7.1M | 15.1M | 16.9M | 9.7M | 4.5M | 2.3M | 2.6M | 5.4M | 2.7M | 1.7M | 7.0M | 2.2M |
| Inventory | 93.6M | 80.6M | 111.0M | 153.0M | 101.0M | 76.0M | 61.7M | 51.3M | 62.5M | 33.3M | 23.7M | 19.6M | 5.6M |
| Total Current Assets | 433.0M | 435.0M | 510.0M | 523.0M | 534.0M | 745.0M | 442.0M | 370.0M | 263.0M | 178.0M | 120.0M | 85.2M | 40.5M |
| Long Term Equity Investment | 12.1M | 11.3M | 11.5M | 13.6M | 14.4M | 3.1M | 2.2M | 1.3M | 862,600 | 1.3M | -- | -- | -- |
| Fixed Assets | -- | 202.0M | 198.0M | 206.0M | 137.0M | 37.5M | 39.6M | -- | -- | 38.1M | 3.4M | -- | -- |
| Fixed Assets Total | 192.0M | 202.0M | 198.0M | 206.0M | 137.0M | 37.5M | 39.6M | 40.4M | 42.6M | 38.1M | 3.4M | 3.1M | 2.2M |
| Construction In Progress | -- | -- | -- | -- | 47.3M | 127.0M | 79.1M | -- | -- | -- | 28.5M | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | 47.3M | 127.0M | 79.1M | 39.8M | 23.0M | -- | 28.5M | -- | -- |
| Intangible Assets | 7.3M | 7.4M | 8.8M | 10.0M | 9.4M | 10.8M | 8.2M | 9.0M | 9.6M | 9.3M | 2.5M | 239,700 | -- |
| Long Term Deferred Expenses | 4.5M | 4.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 289.0M | 287.0M | 268.0M | 269.0M | 232.0M | 189.0M | 142.0M | 99.6M | 82.8M | 53.2M | 35.3M | 14.1M | 2.6M |
| Total Assets | 721.0M | 722.0M | 777.0M | 793.0M | 766.0M | 934.0M | 585.0M | 470.0M | 346.0M | 231.0M | 155.0M | 99.3M | 43.1M |
| Short Term Borrowings | 50.0M | 45.0M | 55.7M | 46.6M | 15.0M | 49.8M | 40.0M | 20.0M | 20.0M | -- | 26.6M | 10.0M | -- |
| Accounts Payable | 92.2M | 76.4M | 72.8M | 73.4M | 76.1M | 106.0M | 78.8M | 67.7M | 52.2M | 42.7M | 25.1M | 34.5M | 16.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 10.2M | 14.9M | 11.0M | 3.8M | 5.6M | 12.2M | 9.7M | 7.3M |
| Contract Liabilities | 35.0M | 13.7M | 12.3M | 42.8M | 13.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 217.0M | 156.0M | 182.0M | 190.0M | 128.0M | 212.0M | 186.0M | 132.0M | 95.9M | 69.4M | 75.2M | 58.5M | 25.6M |
| Long Term Borrowings | 17.8M | 18.8M | -- | -- | -- | 40.0M | 50.0M | 50.0M | -- | -- | 4.9M | -- | -- |
| Total Non Current Liabilities | 20.3M | 21.6M | 570,600 | 701,000 | 1.1M | 41.2M | 53.0M | 50.5M | -- | -- | 4.9M | -- | -- |
| Total Liabilities | 237.0M | 177.0M | 183.0M | 191.0M | 129.0M | 253.0M | 239.0M | 183.0M | 95.9M | 69.4M | 80.1M | 58.5M | 25.6M |
| Paid In Capital | 68.0M | 68.0M | 67.9M | 67.9M | 67.9M | 67.9M | 50.9M | 50.9M | 50.9M | 46.4M | 41.8M | 20.0M | 5.0M |
| Capital Reserve | 361.0M | 361.0M | 362.0M | 359.0M | 357.0M | 357.0M | 113.0M | 113.0M | 113.0M | 54.2M | 13.3M | 1.3M | -- |
| Surplus Reserve | 27.6M | 27.6M | 27.6M | 27.6M | 27.6M | 25.2M | 18.4M | 13.0M | 7.8M | 3.8M | 275,900 | 1.6M | 1.0M |
| Retained Earnings | 28.9M | 88.2M | 139.0M | 147.0M | 184.0M | 231.0M | 163.0M | 110.0M | 78.1M | 57.2M | 19.2M | 17.9M | 11.5M |
| Minority Equity | -1.2M | -326,300 | -496,200 | 19,300 | 270,200 | 148,000 | 35,600 | -47,800 | -70,200 | 126,600 | 210,400 | -- | -- |
| Equity Attributable | 485.0M | 545.0M | 595.0M | 602.0M | 636.0M | 681.0M | 346.0M | 287.0M | 250.0M | 162.0M | 74.5M | 40.8M | 17.5M |
| Total Equity | 484.0M | 545.0M | 595.0M | 602.0M | 637.0M | 681.0M | 346.0M | 287.0M | 250.0M | 162.0M | 74.7M | 40.8M | 17.5M |
| 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 | 190.0M | 206.0M | 264.0M | 259.0M | 226.0M | 407.0M | 335.0M | 298.0M | 264.0M | 243.0M | 163.0M | 112.0M | 84.3M |
| Tax Refunds Received | 1.2M | 2.0M | 13.8M | 2.3M | 2.3M | 3.0M | 3.1M | 3.5M | 4.4M | 2.2M | 2.4M | 1.8M | -- |
| Total Operating Cash Inflow | 197.0M | 219.0M | 298.0M | 285.0M | 264.0M | 435.0M | 358.0M | 318.0M | 281.0M | 253.0M | 172.0M | 121.0M | 85.2M |
| Cash Paid For Goods | 72.9M | 98.5M | 134.0M | 211.0M | 156.0M | 237.0M | 170.0M | 155.0M | 176.0M | 122.0M | 102.0M | 76.6M | 55.0M |
| Cash Paid To Employees | 69.9M | 92.5M | 86.5M | 93.1M | 79.4M | 79.2M | 72.5M | 58.1M | 59.2M | 37.8M | 21.0M | 12.8M | 7.0M |
| Taxes Paid | 11.6M | 21.2M | 20.6M | 12.2M | 20.6M | 45.5M | 27.8M | 40.4M | 23.6M | 25.2M | 16.3M | 11.8M | 6.1M |
| Total Operating Cash Outflow | 188.0M | 259.0M | 278.0M | 377.0M | 305.0M | 420.0M | 309.0M | 284.0M | 299.0M | 208.0M | 161.0M | 117.0M | 74.7M |
| Operating Cash Flow | 8.4M | -40.3M | 20.2M | -91.9M | -41.0M | 15.1M | 49.6M | 34.5M | -18.2M | 45.8M | 12.0M | 3.7M | 10.5M |
| Total Investing Cash Inflow | 20,000 | 40.2M | 91.4M | 251.0M | 293.0M | 36,100 | 133,500 | 428,900 | 10.4M | 26.2M | 28.4M | -- | -- |
| Total Investing Cash Outflow | 7.2M | 52.0M | 94.9M | 196.0M | 411.0M | 56.7M | 33.7M | 27.4M | 28.2M | 56.1M | 48.8M | 12.2M | 1.8M |
| Investing Cash Flow | -7.2M | -11.7M | -3.5M | 55.4M | -119.0M | -56.7M | -33.5M | -26.9M | -17.8M | -29.9M | -20.4M | -12.2M | -1.8M |
| Cash From Borrowings | 60.0M | 64.8M | 75.0M | 45.0M | 15.0M | 50.0M | 40.0M | 70.0M | 20.0M | 10.0M | 34.3M | 10.0M | -- |
| Dividends And Interest Paid | 1.6M | 1.8M | 3.4M | 902,400 | 48.5M | 5.2M | 15.1M | 1.4M | 14.6M | 1.8M | 19.8M | 12.1M | -- |
| Debt Repayments | 56.0M | 45.0M | 75.0M | 15.0M | 100.0M | 40.0M | 20.0M | 20.0M | -- | 43.0M | 11.3M | -- | -- |
| Total Financing Cash Inflow | 60.8M | 69.4M | 89.1M | 53.8M | 17.0M | 325.0M | 40.6M | 70.6M | 83.9M | 52.8M | 59.2M | 25.0M | -- |
| Total Financing Cash Outflow | 62.5M | 48.6M | 83.7M | 17.7M | 156.0M | 57.8M | 37.0M | 24.2M | 16.1M | 46.1M | 32.6M | 13.4M | -- |
| Financing Cash Flow | -1.7M | 20.8M | 5.5M | 36.1M | -139.0M | 268.0M | 3.5M | 46.4M | 67.8M | 6.7M | 26.6M | 11.6M | -- |
| Net Change In Cash | -432,900 | -31.3M | 22.2M | -403,800 | -298.0M | 226.0M | 19.6M | 54.0M | 31.8M | 22.7M | 18.2M | 3.2M | 8.7M |
| Ending Cash Balance | 78.5M | 79.0M | 110.0M | 88.0M | 88.4M | 387.0M | 161.0M | 141.0M | 87.1M | 55.3M | 32.6M | 14.4M | 11.3M |
| Capex | 6.3M | 12.0M | 4.9M | 26.1M | 30.6M | 55.0M | 31.6M | 27.0M | 28.2M | 15.6M | 20.8M | 12.2M | 1.8M |