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 | 466.0M | 569.0M | 500.0M | 418.0M | 337.0M | 422.0M | 344.0M | 249.0M | 169.0M | 116.0M | 77.0M |
| Revenue Growth % | -18.1% | 13.8% | 19.6% | 24.0% | -20.1% | 22.7% | 38.2% | 47.3% | 45.7% | 50.6% | -- |
| Total Revenue | 466.0M | 569.0M | 500.0M | 418.0M | 337.0M | 422.0M | 344.0M | 249.0M | 169.0M | 116.0M | 77.0M |
| Cost Of Revenue | 346.0M | 484.0M | 408.0M | 301.0M | 228.0M | 283.0M | 230.0M | 165.0M | 111.0M | 80.3M | 55.1M |
| Gross Profit | 120.0M | 85.0M | 92.0M | 117.0M | 109.0M | 139.0M | 114.0M | 84.0M | 58.0M | 35.7M | 22.0M |
| Gross Margin % | 25.8% | 14.9% | 18.4% | 28.0% | 32.3% | 32.9% | 33.1% | 33.7% | 34.3% | 30.7% | 28.5% |
| Total Operating Cost | 449.0M | 594.0M | 541.0M | 447.0M | 328.0M | 364.0M | 289.0M | 210.0M | 141.0M | 109.0M | 72.8M |
| Selling Expenses | 14.5M | 13.4M | 23.1M | 19.5M | 15.3M | 15.4M | 12.4M | 10.7M | 8.6M | 7.1M | 4.5M |
| Admin Expenses | 38.4M | 36.1M | 38.1M | 44.1M | 34.2M | 26.9M | 20.9M | 13.2M | 10.1M | 12.4M | 11.1M |
| Rd Expenses | 37.3M | 36.4M | 36.7M | 27.6M | 21.1M | 26.2M | 21.2M | 12.6M | 7.4M | 5.9M | -- |
| Finance Expenses | 1.9M | 2.4M | -3.5M | 848,400 | 2.0M | -41,600 | -384,700 | 1.2M | 71,600 | -246,700 | 336,400 |
| Operating Income | 31.3M | -12.3M | -29.8M | -17.6M | 11.7M | 65.0M | 56.8M | 40.9M | 28.1M | 7.1M | 4.2M |
| Operating Margin % | 6.7% | -2.2% | -6.0% | -4.2% | 3.5% | 15.4% | 16.5% | 16.4% | 16.6% | 6.1% | 5.5% |
| Non Operating Income | 89,400 | 117,700 | 24.00 | 1.7M | 5.2M | 3.2M | 643,000 | 3.7M | 4.6M | 1.2M | 761,900 |
| Non Operating Expenses | 1.3M | 146,700 | 1.2M | 38,600 | 785,100 | 743,200 | 167,500 | 1.7M | 10,600 | 64,600 | 99,700 |
| Investment Income | 1.0M | -170,000 | 1.2M | 2.3M | -137,900 | 68,000 | 452,900 | -41,800 | -- | -- | -- |
| Fair Value Change Income | 451,700 | 101,300 | -2.9M | 907,200 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -84,100 | -2.7M | -- | -272,600 | -- | -500.00 | 141,400 | 127,700 | -25,400 | -- | -- |
| Asset Impairment Loss | 6.6M | 9.7M | 39.1M | 46.0M | 21.4M | 923,800 | 1.1M | 4.9M | 1.8M | 3.2M | 1.4M |
| Other Income | 13.6M | 15.2M | 13.2M | 8.4M | 3.3M | 7.4M | 1.8M | 1.7M | -- | -- | -- |
| Income Before Tax | 30.1M | -12.4M | -30.9M | -16.0M | 16.1M | 67.4M | 57.2M | 42.8M | 32.7M | 8.2M | 4.9M |
| Income Tax | 3.0M | 1.9M | 18.0M | -5.5M | 744,000 | 3.5M | 6.5M | 6.4M | 4.7M | 1.5M | 976,700 |
| Net Income | 27.2M | -14.3M | -49.0M | -10.5M | 15.3M | 63.9M | 50.7M | 36.5M | 28.0M | 6.6M | 3.9M |
| Net Margin % | 5.8% | -2.5% | -9.8% | -2.5% | 4.6% | 15.1% | 14.7% | 14.6% | 16.6% | 5.7% | 5.1% |
| Net Income Attributable | 27.4M | -13.6M | -47.6M | -10.1M | 15.2M | 64.3M | 50.7M | 36.0M | 27.9M | 6.8M | 3.6M |
| Minority Interest | -255,800 | -672,700 | -1.4M | -344,200 | 129,800 | -347,700 | 28,500 | 407,200 | 129,800 | -129,500 | 263,600 |
| Eps Basic | 0.43 | -0.21 | -0.74 | -0.16 | 0.34 | 1.74 | 1.37 | 1.01 | 0.86 | 0.58 | 0.39 |
| Eps Diluted | 0.43 | -0.21 | -0.74 | -0.16 | 0.34 | 1.74 | 1.37 | 1.01 | 0.86 | 0.58 | 0.39 |
| 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 | 221.0M | 33.4M | 64.2M | 106.0M | 201.0M | 65.9M | 98.2M | 67.9M | 49.9M | 11.9M | 8.1M |
| Trading Financial Assets | 85.5M | 29.5M | -- | 25.0M | 95.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 314.0M | 356.0M | 273.0M | 317.0M | 266.0M | 266.0M | 124.0M | 140.0M | 60.6M | -- | 10.2M |
| Notes Receivable | 10.6M | 9.2M | 12.4M | 9.4M | 2.2M | 3.9M | 29.8M | 32.2M | 20.6M | -- | 12.3M |
| Notes And Accounts Receivable | 324.0M | 366.0M | 286.0M | 327.0M | 268.0M | 270.0M | 154.0M | 172.0M | 81.2M | 45.5M | 22.4M |
| Prepayments | 13.3M | 2.4M | 4.5M | 6.5M | 7.7M | 9.0M | 8.2M | 2.9M | 2.9M | 885,000 | 3.3M |
| Inventory | 373.0M | 212.0M | 279.0M | 207.0M | 149.0M | 62.5M | 63.5M | 56.5M | 31.7M | 31.6M | 33.4M |
| Total Current Assets | 1.1B | 686.0M | 666.0M | 696.0M | 743.0M | 410.0M | 326.0M | 303.0M | 166.0M | 90.6M | 71.2M |
| Long Term Equity Investment | -- | 279,800 | 339,500 | 284,300 | 329,900 | 493,700 | 175,600 | 158,200 | -- | -- | -- |
| Fixed Assets | -- | 200.0M | 26.2M | 26.1M | 39.0M | 30.6M | 20.0M | -- | -- | -- | 4.2M |
| Fixed Assets Total | 192.0M | 200.0M | 26.2M | 26.1M | 39.0M | 30.6M | 20.0M | 14.8M | 9.0M | 3.6M | 4.2M |
| Construction In Progress | -- | -- | 118.0M | 51.5M | 399,600 | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | 118.0M | 51.5M | 399,600 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 12.8M | 14.5M | 19.9M | 17.6M | 14.7M | 7.9M | 8.3M | 894,600 | 1.3M | 1.7M | 1.7M |
| Long Term Deferred Expenses | 8.3M | 4.2M | 2.5M | 7.2M | 6.6M | 5.4M | 1.6M | 1.2M | -- | -- | -- |
| Total Non Current Assets | 217.0M | 222.0M | 179.0M | 146.0M | 70.3M | 49.2M | 41.2M | 19.5M | 11.4M | 6.7M | 6.3M |
| Total Assets | 1.3B | 908.0M | 845.0M | 842.0M | 813.0M | 459.0M | 367.0M | 322.0M | 178.0M | 97.3M | 77.5M |
| Short Term Borrowings | 23.4M | 58.2M | 5.0M | 2.0M | -- | -- | -- | -- | 3.0M | 6.6M | 4.8M |
| Accounts Payable | 221.0M | 142.0M | 169.0M | 103.0M | 92.1M | 85.2M | 40.2M | 56.6M | 31.9M | -- | 24.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.4M | 11.4M | 8.9M | 4.9M | 6.1M | 16.1M |
| Contract Liabilities | 333.0M | 46.9M | 18.2M | 17.9M | 20.4M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 726.0M | 360.0M | 293.0M | 220.0M | 189.0M | 151.0M | 122.0M | 128.0M | 72.1M | 57.9M | 64.1M |
| Long Term Borrowings | -- | 9.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 13.9M | 20.2M | 9.6M | 17.1M | 8.6M | 9.4M | 9.8M | 9.3M | 7.3M | 1.6M | -- |
| Total Liabilities | 739.0M | 380.0M | 303.0M | 237.0M | 197.0M | 160.0M | 132.0M | 138.0M | 79.5M | 59.5M | 64.1M |
| Paid In Capital | 64.0M | 64.0M | 64.0M | 49.3M | 49.3M | 36.9M | 36.9M | 36.9M | 13.3M | 12.0M | 10.0M |
| Capital Reserve | 354.0M | 352.0M | 352.0M | 367.0M | 367.0M | 79.0M | 79.0M | 79.0M | 52.7M | 21.5M | -- |
| Surplus Reserve | 24.5M | 17.4M | 17.4M | 17.4M | 17.4M | 15.8M | 12.3M | 6.7M | 3.5M | 776,600 | 375,500 |
| Retained Earnings | 105.0M | 94.4M | 108.0M | 171.0M | 181.0M | 167.0M | 106.0M | 61.2M | 28.4M | 3.3M | 2.6M |
| Minority Equity | 480,400 | -64,600 | 408,100 | 1.2M | 793,000 | 657,400 | 655,100 | 791,400 | 384,200 | 254,400 | 384,300 |
| Equity Attributable | 532.0M | 528.0M | 542.0M | 604.0M | 615.0M | 299.0M | 235.0M | 184.0M | 97.9M | 37.5M | 13.0M |
| Total Equity | 533.0M | 528.0M | 542.0M | 605.0M | 615.0M | 300.0M | 235.0M | 185.0M | 98.3M | 37.8M | 13.4M |
| 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 | 872.0M | 534.0M | 561.0M | 395.0M | 365.0M | 321.0M | 394.0M | 180.0M | 139.0M | 77.3M | 91.5M |
| Tax Refunds Received | 15.5M | 15.4M | 9.6M | 11.9M | 9.7M | 6.6M | 2.0M | 1.9M | 1.3M | 1.3M | 484,900 |
| Total Operating Cash Inflow | 891.0M | 552.0M | 575.0M | 409.0M | 385.0M | 339.0M | 399.0M | 186.0M | 151.0M | 82.1M | 93.7M |
| Cash Paid For Goods | 302.0M | 319.0M | 327.0M | 303.0M | 234.0M | 179.0M | 194.0M | 114.0M | 63.3M | 42.2M | 59.0M |
| Cash Paid To Employees | 179.0M | 170.0M | 173.0M | 141.0M | 115.0M | 110.0M | 95.8M | 57.5M | 39.6M | 31.0M | 23.4M |
| Taxes Paid | 54.0M | 45.2M | 20.9M | 26.4M | 28.3M | 34.1M | 38.2M | 17.6M | 21.1M | 6.6M | 6.7M |
| Total Operating Cash Outflow | 565.0M | 563.0M | 551.0M | 500.0M | 405.0M | 351.0M | 350.0M | 209.0M | 140.0M | 89.5M | 93.1M |
| Operating Cash Flow | 325.0M | -10.6M | 23.9M | -90.6M | -20.5M | -11.3M | 49.2M | -22.9M | 10.6M | -7.4M | 574,500 |
| Total Investing Cash Inflow | 233.0M | 105.0M | 233.0M | 456.0M | 1.8M | 30.5M | 68.7M | 747,000 | 81,300 | 82,400 | -- |
| Total Investing Cash Outflow | 317.0M | 180.0M | 278.0M | 451.0M | 139.0M | 42.9M | 87.4M | 10.2M | 6.9M | 731,600 | 1.5M |
| Investing Cash Flow | -83.2M | -75.1M | -45.6M | 5.1M | -137.0M | -12.4M | -18.7M | -9.4M | -6.8M | -649,200 | -1.5M |
| Cash From Borrowings | 102.0M | 79.3M | 37.0M | 7.0M | -- | 17.8M | -- | 1.8M | 8.0M | 7.0M | 4.8M |
| Dividends And Interest Paid | 12.7M | 1.5M | 15.7M | 239,000 | -- | 88,200 | 600,000 | 149,800 | 270,400 | 6.7M | 390,400 |
| Debt Repayments | 127.0M | 16.8M | 34.0M | 5.0M | -- | 17.8M | -- | 4.8M | 11.6M | 5.2M | 4.8M |
| Total Financing Cash Inflow | 102.0M | 81.1M | 37.6M | 7.8M | 315.0M | 18.2M | 480,000 | 51.8M | 40.5M | 25.0M | 4.8M |
| Total Financing Cash Outflow | 155.0M | 23.9M | 61.6M | 17.2M | 14.5M | 20.3M | 3.4M | 5.0M | 11.9M | 11.9M | 5.2M |
| Financing Cash Flow | -53.1M | 57.2M | -24.0M | -9.4M | 301.0M | -2.1M | -3.0M | 46.8M | 28.6M | 13.1M | -390,400 |
| Net Change In Cash | 189.0M | -29.1M | -41.7M | -96.0M | 139.0M | -25.8M | 27.7M | 13.1M | 32.7M | 5.4M | -1.4M |
| Ending Cash Balance | 221.0M | 31.9M | 61.1M | 103.0M | 199.0M | 59.7M | 85.5M | 57.7M | 44.6M | 11.9M | 6.4M |
| Capex | 31.2M | 45.1M | 73.4M | 73.7M | 44.1M | 12.4M | 22.4M | 9.8M | 6.9M | 731,600 | 1.5M |