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 | 158.0M | 386.0M | 391.0M | 769.0M | 612.0M | 405.0M | 361.0M | 283.0M | 194.0M | 140.0M | 107.0M | 62.6M |
| Revenue Growth % | -59.1% | -1.3% | -49.2% | 25.7% | 51.1% | 12.2% | 27.6% | 45.9% | 38.6% | 30.8% | 70.9% | -- |
| Total Revenue | 158.0M | 386.0M | 391.0M | 769.0M | 612.0M | 405.0M | 361.0M | 283.0M | 194.0M | 140.0M | 107.0M | 62.6M |
| Cost Of Revenue | 138.0M | 218.0M | 197.0M | 340.0M | 246.0M | 148.0M | 151.0M | 127.0M | 98.2M | 71.7M | 55.8M | 28.4M |
| Gross Profit | 20.0M | 168.0M | 194.0M | 429.0M | 366.0M | 257.0M | 210.0M | 156.0M | 95.8M | 68.3M | 51.2M | 34.2M |
| Gross Margin % | 12.7% | 43.5% | 49.6% | 55.8% | 59.8% | 63.5% | 58.2% | 55.1% | 49.4% | 48.8% | 47.8% | 54.7% |
| Total Operating Cost | 435.0M | 557.0M | 516.0M | 608.0M | 453.0M | 304.0M | 276.0M | 214.0M | 160.0M | 123.0M | 96.6M | 52.2M |
| Selling Expenses | 61.0M | 76.3M | 79.3M | 73.5M | 61.5M | 48.6M | 38.1M | 33.2M | 24.3M | 15.0M | 12.3M | 10.0M |
| Admin Expenses | 82.6M | 83.1M | 84.3M | 80.1M | 55.3M | 40.7M | 36.8M | 30.8M | 21.9M | 33.2M | 25.1M | 13.8M |
| Rd Expenses | 106.0M | 130.0M | 128.0M | 86.4M | 70.1M | 57.7M | 38.1M | 19.9M | 13.9M | -- | -- | -- |
| Finance Expenses | 23.3M | 9.7M | 1.7M | -4.1M | -3.0M | -543,800 | -1.3M | -1.1M | -255,000 | -448,000 | -343,900 | -209,200 |
| Operating Income | -244.0M | -119.0M | -77.7M | 206.0M | 187.0M | 127.0M | 113.0M | 79.6M | 33.4M | 16.7M | 10.2M | 10.5M |
| Operating Margin % | -154.4% | -30.8% | -19.9% | 26.8% | 30.6% | 31.4% | 31.3% | 28.1% | 17.2% | 11.9% | 9.5% | 16.7% |
| Non Operating Income | 32,000 | -- | 6,800 | 4,400 | 5,000 | 3,500 | -- | 62,200 | 21.6M | 9.4M | 2.7M | 6.9M |
| Non Operating Expenses | 527,200 | 7,200 | 10.9M | 407,100 | 270,200 | 12,200 | 3.5M | 3,900 | 120,400 | 137,200 | 111,700 | 109,200 |
| Investment Income | 549,100 | 788,500 | 1.8M | 4.2M | 2.6M | -- | -- | -- | -- | -- | -- | 37,400 |
| Fair Value Change Income | -- | 1.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 400,800 | 19,500 | 226,300 | 221,100 | -- | 50,000 | 14,600 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 4.5M | 16.3M | 2.9M | 1.3M | 6.6M | 399,200 | 8.0M | 1.6M | -1.1M | 2.8M | 3.0M | -518,500 |
| Other Income | 32.4M | 50.3M | 45.2M | 40.1M | 25.7M | 26.9M | 27.6M | 11.3M | 21,800 | -- | -- | -- |
| Income Before Tax | -244.0M | -119.0M | -88.6M | 205.0M | 187.0M | 127.0M | 109.0M | 79.7M | 54.9M | 26.0M | 12.8M | 17.2M |
| Income Tax | -1.6M | -17.9M | -23.6M | 25.1M | 24.5M | 14.2M | 16.4M | 14.4M | 8.3M | 3.9M | 1.6M | 2.3M |
| Net Income | -243.0M | -101.0M | -64.9M | 180.0M | 162.0M | 113.0M | 93.1M | 65.3M | 46.6M | 22.1M | 11.2M | 15.0M |
| Net Margin % | -153.8% | -26.2% | -16.6% | 23.4% | 26.5% | 27.9% | 25.8% | 23.1% | 24.0% | 15.8% | 10.5% | 23.9% |
| Net Income Attributable | -238.0M | -101.0M | -64.9M | 180.0M | 162.0M | 113.0M | 93.1M | 65.3M | 46.6M | 22.1M | 11.2M | 15.0M |
| Minority Interest | -4.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -900.00 |
| Eps Basic | -1.64 | -0.69 | -0.44 | 1.23 | 1.29 | 1.85 | 1.52 | 1.07 | 0.84 | 0.40 | 0.21 | 0.30 |
| Eps Diluted | -1.64 | -0.69 | -0.44 | 1.23 | 1.29 | 1.85 | 1.52 | 1.07 | 0.84 | 0.40 | 0.21 | 0.30 |
| 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 | 377.0M | 484.0M | 691.0M | 348.0M | 593.0M | 114.0M | 167.0M | 193.0M | 170.0M | 62.3M | 45.3M | 45.1M |
| Trading Financial Assets | 4.0M | 31.8M | -- | 3.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 377.0M | 618.0M | 617.0M | 690.0M | 362.0M | 279.0M | 210.0M | 93.6M | 79.5M | 90.8M | 59.0M | 14.3M |
| Notes Receivable | -- | -- | 5.7M | 8.4M | 2.3M | 29.0M | -- | 10.7M | 1.9M | -- | -- | 1.0M |
| Notes And Accounts Receivable | 377.0M | 618.0M | 622.0M | 699.0M | 364.0M | 308.0M | 210.0M | 104.0M | 81.4M | 90.8M | 59.0M | 15.3M |
| Prepayments | 66.6M | 5.2M | 23.5M | 15.2M | 2.3M | 2.0M | 1.6M | 473,200 | 902,500 | 1.6M | 698,400 | 798,700 |
| Inventory | 122.0M | 124.0M | 202.0M | 112.0M | 62.3M | 64.5M | 53.3M | 31.8M | 64.9M | 28.9M | 27.6M | 24.2M |
| Total Current Assets | 997.0M | 1.3B | 1.7B | 1.3B | 1.2B | 547.0M | 442.0M | 335.0M | 322.0M | 186.0M | 135.0M | 86.5M |
| Long Term Equity Investment | 17.9M | 4.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 205.0M | 232.0M | 237.0M | 229.0M | 17.1M | 16.5M | 16.0M | -- | 15.9M | 7.2M | 1.8M |
| Fixed Assets Total | 511.0M | 205.0M | 232.0M | 237.0M | 229.0M | 17.1M | 16.5M | 16.0M | 15.7M | 15.9M | 7.2M | 1.8M |
| Construction In Progress | -- | 255.0M | 128.0M | 59.6M | 10.8M | 111.0M | 53.0M | 17.4M | -- | 226,200 | -- | -- |
| Construction In Progress Total | 3.5M | 255.0M | 128.0M | 59.6M | 10.8M | 111.0M | 53.0M | 17.4M | 24,500 | 226,200 | -- | -- |
| Intangible Assets | 35.5M | 36.4M | 26.2M | 25.0M | 23.4M | 9.3M | 9.2M | 9.2M | 9.3M | 1.1M | 956,100 | -- |
| Long Term Deferred Expenses | 1.3M | 696,700 | 2.9M | 4.9M | 409,500 | 842,600 | 2.3M | 3.9M | 3.1M | 4.7M | 3.1M | 3.0M |
| Total Non Current Assets | 738.0M | 666.0M | 539.0M | 492.0M | 358.0M | 149.0M | 93.5M | 47.9M | 29.5M | 23.4M | 13.2M | 5.0M |
| Total Assets | 1.7B | 2.0B | 2.2B | 1.8B | 1.5B | 696.0M | 535.0M | 383.0M | 351.0M | 209.0M | 149.0M | 91.5M |
| Short Term Borrowings | 103.0M | 28.1M | -- | -- | 50.0M | 7.0M | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 177.0M | 206.0M | 301.0M | 284.0M | 186.0M | 95.7M | 101.0M | 46.3M | 77.3M | 70.5M | 37.9M | 16.7M |
| Advance Receipts | -- | -- | -- | 314,700 | -- | 34.4M | 4.3M | 740,400 | 8.4M | 93,100 | 74,300 | 2.5M |
| Contract Liabilities | 8.2M | 15.2M | 12.3M | 4.0M | 1.7M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 358.0M | 345.0M | 441.0M | 447.0M | 357.0M | 250.0M | 182.0M | 105.0M | 138.0M | 100.0M | 61.6M | 37.0M |
| Total Non Current Liabilities | 509.0M | 479.0M | 447.0M | 12.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 867.0M | 824.0M | 888.0M | 460.0M | 357.0M | 250.0M | 182.0M | 105.0M | 138.0M | 100.0M | 61.6M | 37.0M |
| Paid In Capital | 147.0M | 147.0M | 147.0M | 147.0M | 81.6M | 61.2M | 61.2M | 61.2M | 61.2M | 55.5M | 55.5M | 50.0M |
| Capital Reserve | 554.0M | 554.0M | 554.0M | 552.0M | 618.0M | 68.1M | 68.1M | 68.1M | 68.1M | 16.6M | 16.6M | -- |
| Surplus Reserve | 63.7M | 63.7M | 63.7M | 63.7M | 51.5M | 35.9M | 24.8M | 16.3M | 8.6M | 3.3M | 1.1M | 441,000 |
| Retained Earnings | 36.0M | 303.0M | 433.0M | 542.0M | 403.0M | 281.0M | 199.0M | 133.0M | 75.1M | 33.7M | 13.8M | 4.0M |
| Minority Equity | 2.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 864.0M | 1.2B | 1.3B | 1.3B | 1.2B | 446.0M | 353.0M | 278.0M | 213.0M | 109.0M | 87.1M | 54.4M |
| Total Equity | 867.0M | 1.2B | 1.3B | 1.3B | 1.2B | 446.0M | 353.0M | 278.0M | 213.0M | 109.0M | 87.1M | 54.4M |
| 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 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 419.0M | 442.0M | 450.0M | 434.0M | 333.0M | 319.0M | 297.0M | 278.0M | 242.0M | 124.0M | 74.9M | 86.7M |
| Tax Refunds Received | 357,400 | 20.2M | 19.5M | 24.8M | 12.5M | 21.0M | 24.7M | 7.2M | 19.0M | 2.8M | 2.5M | 6.5M |
| Total Operating Cash Inflow | 483.0M | 537.0M | 520.0M | 495.0M | 370.0M | 355.0M | 335.0M | 303.0M | 282.0M | 162.0M | 92.7M | 106.0M |
| Cash Paid For Goods | 244.0M | 269.0M | 267.0M | 261.0M | 196.0M | 142.0M | 124.0M | 127.0M | 112.0M | 45.0M | 51.7M | 30.3M |
| Cash Paid To Employees | 137.0M | 131.0M | 154.0M | 118.0M | 82.5M | 66.6M | 50.3M | 36.4M | 23.5M | 14.6M | 11.2M | 7.6M |
| Taxes Paid | 1.3M | 36.8M | 52.8M | 65.5M | 41.0M | 51.6M | 62.9M | 32.1M | 32.6M | 12.8M | 6.2M | 10.6M |
| Total Operating Cash Outflow | 504.0M | 574.0M | 590.0M | 556.0M | 408.0M | 331.0M | 308.0M | 250.0M | 222.0M | 125.0M | 109.0M | 74.5M |
| Operating Cash Flow | -20.7M | -36.3M | -69.8M | -60.7M | -38.0M | 23.6M | 27.4M | 53.2M | 60.3M | 36.4M | -16.0M | 31.7M |
| Total Investing Cash Inflow | 225.0M | 543.0M | 306.0M | 501.0M | 323.0M | 107,000 | 39,100 | -- | 83,000 | -- | -- | 5.1M |
| Total Investing Cash Outflow | 316.0M | 676.0M | 389.0M | 599.0M | 403.0M | 58.8M | 33.6M | 24.4M | 12.8M | 15.4M | 10.5M | 3.9M |
| Investing Cash Flow | -91.1M | -133.0M | -82.3M | -97.8M | -80.0M | -58.7M | -33.5M | -24.4M | -12.8M | -15.4M | -10.5M | 1.2M |
| Cash From Borrowings | 101.0M | 28.0M | 547.0M | -- | 50.0M | 14.8M | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 33.3M | 31.0M | 44.1M | 29.6M | 25.3M | 20.0M | 18.0M | -- | -- | -- | -- | -- |
| Debt Repayments | 28.0M | -- | -- | 50.0M | -- | 8.0M | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 109.0M | 28.0M | 547.0M | -- | 646.0M | 14.8M | -- | -- | 57.2M | -- | 21.4M | -- |
| Total Financing Cash Outflow | 104.0M | 65.3M | 51.9M | 86.0M | 49.8M | 32.5M | 18.6M | -- | -- | -- | -- | 5,239 |
| Financing Cash Flow | 4.8M | -37.3M | 495.0M | -86.0M | 596.0M | -17.8M | -18.6M | -- | 57.2M | -- | 21.4M | -5,239 |
| Net Change In Cash | -107.0M | -207.0M | 343.0M | -244.0M | 478.0M | -52.8M | -24.7M | 28.8M | 105.0M | 21.0M | -5.0M | 32.9M |
| Ending Cash Balance | 377.0M | 484.0M | 691.0M | 348.0M | 592.0M | 114.0M | 167.0M | 192.0M | 163.0M | 58.2M | 37.1M | 42.1M |
| Capex | 80.7M | 88.4M | 75.2M | 90.4M | 82.7M | 58.8M | 33.6M | 24.4M | 12.8M | 15.4M | 10.5M | 3.9M |