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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 240.0M | 165.0M | 218.0M | 202.0M | 125.0M | 241.0M | 298.0M | 213.0M | 132.0M | 96.7M | 78.5M |
| Revenue Growth % | 45.5% | -24.3% | 7.9% | 61.6% | -48.1% | -19.1% | 39.9% | 61.4% | 36.5% | 23.2% | -- |
| Total Revenue | 240.0M | 165.0M | 218.0M | 202.0M | 125.0M | 241.0M | 298.0M | 213.0M | 132.0M | 96.7M | 78.5M |
| Cost Of Revenue | 174.0M | 178.0M | 79.4M | 74.4M | 39.5M | 79.5M | 128.0M | 60.4M | 36.2M | 27.4M | 23.2M |
| Gross Profit | 66.0M | -13.0M | 138.6M | 127.6M | 85.5M | 161.5M | 170.0M | 152.6M | 95.8M | 69.3M | 55.2M |
| Gross Margin % | 27.5% | -7.9% | 63.6% | 63.2% | 68.4% | 67.0% | 57.0% | 71.6% | 72.6% | 71.7% | 70.4% |
| Total Operating Cost | 291.0M | 359.0M | 211.0M | 208.0M | 138.0M | 179.0M | 214.0M | 122.0M | 129.0M | 65.3M | 57.6M |
| Selling Expenses | 8.2M | 8.6M | 7.0M | 6.3M | 4.0M | 6.4M | 5.7M | 5.2M | 4.1M | 3.1M | 1.9M |
| Admin Expenses | 45.2M | 39.0M | 35.1M | 37.6M | 29.4M | 36.2M | 35.5M | 27.8M | 67.9M | 15.2M | 25.5M |
| Rd Expenses | 28.8M | 37.3M | 46.4M | 49.8M | 46.5M | 41.5M | 34.8M | 26.6M | 15.3M | 10.7M | -- |
| Finance Expenses | 2.5M | 182,900 | -1.4M | -4.9M | -2.0M | -1.4M | -655,300 | -915,900 | 2.4M | 3.8M | 2.4M |
| Operating Income | -32.6M | -187.0M | 14.7M | 10.9M | 23.1M | 92.3M | 96.0M | 91.1M | 3.2M | 31.4M | 20.9M |
| Operating Margin % | -13.6% | -113.3% | 6.8% | 5.4% | 18.5% | 38.3% | 32.2% | 42.8% | 2.5% | 32.5% | 26.7% |
| Non Operating Income | 79,700 | 135,300 | 120,100 | 3.0M | 1.0M | -- | 1.7M | 1.8M | 495,000 | 1.6M | 945,600 |
| Non Operating Expenses | 168,100 | 242,600 | 177,800 | 670,800 | 2.2M | 169,500 | 23,200 | 90,400 | 65,300 | 167,300 | 256,500 |
| Investment Income | 2.0M | 2.4M | 3.3M | 3.6M | 10.9M | -- | -- | 640,400 | 156,200 | -- | 14,100 |
| Fair Value Change Income | -81,300 | -91,300 | -27,600 | 258,400 | 181,500 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 42,700 | 125,700 | 56,200 | -11,900 | 113,500 | -- | -- | -- | 18,700 | -- | -- |
| Asset Impairment Loss | 19.5M | 14.8M | 4.8M | 6.0M | 1.7M | 114,600 | 8.3M | 309,800 | 1.8M | 4.3M | 3.7M |
| Other Income | 16.2M | 4.3M | 4.0M | 13.2M | 24.4M | 29.8M | 11.9M | -- | -- | -- | -- |
| Income Before Tax | -32.7M | -187.0M | 14.7M | 13.2M | 22.0M | 92.1M | 97.6M | 92.8M | 3.7M | 32.8M | 21.6M |
| Income Tax | -7.2M | -28.5M | 1.7M | 233,600 | 1.7M | 10.8M | 12.8M | 12.9M | 6.6M | 4.9M | 3.8M |
| Net Income | -25.5M | -159.0M | 13.0M | 13.0M | 20.3M | 81.3M | 84.8M | 79.8M | -3.0M | 27.8M | 17.8M |
| Net Margin % | -10.6% | -96.4% | 6.0% | 6.4% | 16.2% | 33.7% | 28.5% | 37.5% | -2.2% | 28.8% | 22.7% |
| Net Income Attributable | -26.1M | -157.0M | 12.7M | 11.4M | 21.2M | 81.8M | 85.8M | 79.8M | -3.0M | 27.8M | 17.8M |
| Minority Interest | 666,400 | -1.9M | 346,600 | 1.5M | -899,600 | -487,100 | -976,500 | -- | -- | -- | -- |
| Eps Basic | -0.22 | -1.33 | 0.11 | 0.10 | 0.18 | 1.35 | 1.45 | 1.35 | -0.05 | 0.53 | 0.34 |
| Eps Diluted | -0.22 | -1.33 | 0.11 | 0.10 | 0.18 | 1.35 | 1.45 | 1.35 | -0.05 | 0.53 | 0.34 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 165.0M | 249.0M | 236.0M | 327.0M | 234.0M | 578.0M | 131.0M | 103.0M | 28.0M | 46.8M | 24.1M |
| Trading Financial Assets | 70.0M | -- | 40.1M | 40.3M | 10.2M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 403.0M | 398.0M | 489.0M | 428.0M | 364.0M | 370.0M | 260.0M | 153.0M | 154.0M | -- | 81.6M |
| Notes Receivable | 7.5M | 59.6M | 18.4M | 7.9M | 51.0M | 12.7M | 30.2M | 48.8M | 9.1M | -- | 2.4M |
| Notes And Accounts Receivable | 410.0M | 457.0M | 507.0M | 436.0M | 415.0M | 383.0M | 290.0M | 202.0M | 164.0M | 118.0M | 84.0M |
| Prepayments | 4.8M | 17.0M | 13.5M | 5.0M | 4.9M | 1.3M | 1.6M | 5.8M | 5.5M | 2.4M | 4.8M |
| Inventory | 291.0M | 197.0M | 152.0M | 143.0M | 125.0M | 82.0M | 106.0M | 152.0M | 135.0M | 94.3M | 50.9M |
| Total Current Assets | 963.0M | 955.0M | 974.0M | 980.0M | 1.0B | 1.0B | 532.0M | 468.0M | 373.0M | 269.0M | 182.0M |
| Long Term Equity Investment | 1.8M | 3.1M | 3.7M | 1.5M | 1.5M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 125.0M | 63.9M | 62.9M | 38.9M | 20.9M | 23.4M | -- | -- | 5.2M | 2.3M |
| Fixed Assets Total | 124.0M | 125.0M | 63.9M | 62.9M | 38.9M | 20.9M | 23.4M | 13.6M | 9.1M | 5.2M | 2.3M |
| Construction In Progress | -- | 1.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | 1.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 4.7M | 6.1M | 7.6M | 9.2M | 6.9M | 8.3M | 9.1M | 8.2M | 5.9M | 3.1M | 3.5M |
| Long Term Deferred Expenses | 70,800 | 115,800 | 216,200 | 2.0M | 3.4M | -- | 1.4M | 1.4M | 360,000 | 840,000 | -- |
| Total Non Current Assets | 231.0M | 219.0M | 189.0M | 132.0M | 92.7M | 48.7M | 45.6M | 33.2M | 21.8M | 11.0M | 7.1M |
| Total Assets | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B | 578.0M | 501.0M | 395.0M | 280.0M | 189.0M |
| Short Term Borrowings | 72.5M | 76.9M | 20.0M | -- | -- | -- | -- | -- | 2.1M | 45.0M | 52.0M |
| Accounts Payable | 155.0M | 121.0M | 47.3M | 43.5M | 54.0M | 54.1M | 62.9M | 40.2M | 42.7M | -- | 14.5M |
| Advance Receipts | 28.4M | 14.3M | -- | -- | -- | 17.7M | 21.0M | 51.8M | 24.4M | 42.5M | 17.6M |
| Contract Liabilities | 83.7M | 45.8M | 20.1M | 20.5M | 27.7M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 369.0M | 298.0M | 124.0M | 84.1M | 101.0M | 92.7M | 101.0M | 112.0M | 86.9M | 149.0M | 98.9M |
| Total Non Current Liabilities | 3.0M | 7.1M | 8.1M | 8.0M | 17.9M | 7.0M | 5.9M | 4.1M | 2.7M | 2.1M | 2.0M |
| Total Liabilities | 372.0M | 305.0M | 132.0M | 92.2M | 119.0M | 99.7M | 106.0M | 116.0M | 89.6M | 151.0M | 101.0M |
| Paid In Capital | 118.0M | 118.0M | 118.0M | 118.0M | 78.7M | 78.7M | 59.0M | 59.0M | 59.0M | 5.2M | 5.0M |
| Capital Reserve | 630.0M | 630.0M | 632.0M | 632.0M | 670.0M | 670.0M | 247.0M | 247.0M | 247.0M | 50.1M | 2.6M |
| Surplus Reserve | 33.3M | 33.3M | 33.3M | 30.0M | 27.8M | 24.9M | 16.6M | 7.9M | -- | 2.6M | 2.5M |
| Retained Earnings | 56.8M | 85.3M | 245.0M | 238.0M | 232.0M | 221.0M | 148.0M | 70.8M | -1.2M | 71.1M | 78.4M |
| Minority Equity | 3.3M | 2.7M | 3.1M | 1.9M | -739,000 | 113,900 | 601,000 | -- | -- | -- | -- |
| Equity Attributable | 818.0M | 867.0M | 1.0B | 1.0B | 1.0B | 995.0M | 471.0M | 385.0M | 305.0M | 129.0M | 88.5M |
| Total Equity | 821.0M | 869.0M | 1.0B | 1.0B | 1.0B | 995.0M | 472.0M | 385.0M | 305.0M | 129.0M | 88.5M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 345.0M | 180.0M | 122.0M | 97.4M | 84.8M | 160.0M | 184.0M | 216.0M | 75.4M | 82.4M | 54.1M |
| Tax Refunds Received | 15.3M | 60,000 | 2.6M | 1.9M | 23.1M | 25.7M | 11.9M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 364.0M | 186.0M | 129.0M | 111.0M | 126.0M | 191.0M | 199.0M | 219.0M | 78.2M | 84.0M | 56.6M |
| Cash Paid For Goods | 189.0M | 120.0M | 55.2M | 94.8M | 90.1M | 77.0M | 52.3M | 70.6M | 52.3M | 53.9M | 55.8M |
| Cash Paid To Employees | 106.0M | 91.3M | 66.0M | 59.4M | 50.3M | 53.4M | 46.9M | 36.5M | 25.2M | 17.6M | 14.4M |
| Taxes Paid | 14.2M | 12.5M | 21.8M | 23.4M | 13.9M | 31.6M | 36.4M | 37.8M | 16.2M | 16.3M | 10.2M |
| Total Operating Cash Outflow | 339.0M | 256.0M | 166.0M | 205.0M | 185.0M | 181.0M | 153.0M | 162.0M | 109.0M | 97.5M | 87.5M |
| Operating Cash Flow | 25.0M | -70.4M | -37.4M | -93.5M | -59.5M | 10.0M | 45.9M | 57.0M | -30.8M | -13.5M | -30.9M |
| Total Investing Cash Inflow | 765.0M | 724.0M | 680.0M | 521.0M | 1.4B | -- | 203,700 | 101.0M | 37.2M | 18.5M | 76.6M |
| Total Investing Cash Outflow | 850.0M | 687.0M | 747.0M | 325.0M | 1.7B | 7.8M | 16.6M | 76.3M | 85.2M | 11.1M | 67.9M |
| Investing Cash Flow | -85.3M | 37.2M | -67.5M | 196.0M | -275.0M | -7.8M | -16.4M | 24.4M | -48.0M | 7.4M | 8.7M |
| Cash From Borrowings | 153.0M | 76.8M | 20.0M | -- | -- | -- | -- | -- | 22.0M | 45.0M | 55.0M |
| Dividends And Interest Paid | 5.5M | 3.3M | 2.5M | 3.9M | 7.4M | -- | -- | 90,300 | 3.9M | 36.4M | 2.4M |
| Debt Repayments | 148.0M | 20.0M | 0.00 | -- | -- | -- | -- | 2.1M | 64.9M | 52.0M | 23.0M |
| Total Financing Cash Inflow | 153.0M | 78.3M | 21.2M | 560,300 | -- | 485.0M | 1.6M | -- | 157.0M | 140.0M | 55.0M |
| Total Financing Cash Outflow | 177.0M | 28.0M | 11.0M | 9.8M | 9.5M | 40.5M | 2.5M | 6.7M | 97.0M | 111.0M | 26.9M |
| Financing Cash Flow | -23.9M | 50.3M | 10.1M | -9.2M | -9.5M | 444.0M | -922,500 | -6.7M | 60.0M | 28.7M | 28.1M |
| Net Change In Cash | -84.3M | 17.1M | -94.7M | 93.3M | -344.0M | 446.0M | 28.6M | 74.7M | -18.8M | 22.7M | 5.9M |
| Ending Cash Balance | 165.0M | 249.0M | 232.0M | 327.0M | 234.0M | 578.0M | 131.0M | 103.0M | 28.0M | 46.8M | 24.1M |
| Capex | 7.0M | 19.3M | 69.0M | 10.3M | 43.5M | 7.8M | 16.6M | 16.3M | 13.2M | 4.6M | 4.5M |