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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 278.0M | 278.0M | 441.0M | 300.0M | 310.0M | 262.0M | 209.0M | 154.0M | 132.0M | 147.0M | 91.7M | 62.1M | 44.8M | 24.3M |
| Revenue Growth % | 0.0% | -37.0% | 47.0% | -3.2% | 18.3% | 25.4% | 35.7% | 16.7% | -10.2% | 60.3% | 47.7% | 38.7% | 83.9% | -- |
| Total Revenue | 278.0M | 278.0M | 441.0M | 300.0M | 310.0M | 262.0M | 209.0M | 154.0M | 132.0M | 147.0M | 91.7M | 62.1M | 44.8M | 24.3M |
| Cost Of Revenue | 275.0M | 242.0M | 370.0M | 208.0M | 216.0M | 179.0M | 142.0M | 96.2M | 85.6M | 109.0M | 64.6M | 40.6M | 27.8M | 14.4M |
| Gross Profit | 3.0M | 36.0M | 71.0M | 92.0M | 94.0M | 83.0M | 67.0M | 57.8M | 46.4M | 38.0M | 27.1M | 21.5M | 17.0M | 10.0M |
| Gross Margin % | 1.1% | 12.9% | 16.1% | 30.7% | 30.3% | 31.7% | 32.1% | 37.6% | 35.1% | 25.9% | 29.6% | 34.6% | 38.0% | 41.0% |
| Total Operating Cost | 424.0M | 435.0M | 516.0M | 253.0M | 252.0M | 205.0M | 162.0M | 119.0M | 103.0M | 128.0M | 81.3M | 57.1M | 38.5M | 21.2M |
| Selling Expenses | 22.8M | 14.3M | 11.6M | 7.5M | 6.6M | 6.7M | 7.1M | 6.2M | 5.8M | 5.0M | 3.7M | 2.4M | 2.1M | 1.5M |
| Admin Expenses | 34.5M | 33.9M | 25.3M | 20.7M | 17.6M | 14.1M | 10.4M | 8.3M | 6.4M | 15.2M | 12.0M | 12.8M | 7.9M | 4.8M |
| Rd Expenses | 23.7M | 23.6M | 19.9M | 16.8M | 12.8M | 8.8M | 8.2M | 9.0M | 6.5M | -- | -- | -- | -- | -- |
| Finance Expenses | -1.4M | -2.4M | -3.8M | -5.8M | -4.2M | -4.3M | -6.9M | -2.7M | -1.1M | -1.1M | -196,900 | -62,600 | -306,900 | -143,800 |
| Operating Income | -146.0M | -155.0M | -71.9M | 46.9M | 63.1M | 60.6M | 48.7M | 36.0M | 31.4M | 18.2M | 10.7M | 5.0M | 6.3M | 3.1M |
| Operating Margin % | -52.5% | -55.8% | -16.3% | 15.6% | 20.4% | 23.1% | 23.3% | 23.4% | 23.8% | 12.4% | 11.6% | 8.1% | 14.1% | 12.8% |
| Non Operating Income | 88,000 | 2.5M | 160,200 | 3.2M | 197,300 | 7.00 | 0.00 | 154,500 | 80.00 | 4,800 | 1.1M | 2.7M | 560,000 | 140,000 |
| Non Operating Expenses | 555,800 | 982,200 | 432,700 | 1,000 | 5,000 | -- | 10,100 | 4,200 | -- | -- | -- | 5,200 | 195,000 | 7,400 |
| Investment Income | 9,781 | 566,900 | 2.3M | 435,500 | 93,700 | 2.1M | 714,400 | 1.1M | 1.7M | -- | 293,000 | -- | -- | -- |
| Asset Disposal Income | 51,200 | 35,000 | -22,800 | 5,000 | -34,700 | 16,300 | -45,600 | -360,600 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 55.0M | 5.2M | 65.7M | -631,000 | 266,700 | -- | 584,100 | 1.4M | -702,600 | 475,300 | 172,200 | -107,100 | 138,600 | 117,400 |
| Other Income | 269,400 | 1.2M | 642,400 | 189,800 | 5.2M | 1.3M | 429,200 | 50,000 | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -146.0M | -154.0M | -72.2M | 50.0M | 63.3M | 60.6M | 48.7M | 36.2M | 31.4M | 18.2M | 11.8M | 7.7M | 6.7M | 3.3M |
| Income Tax | -8.2M | -23.7M | -3.8M | 4.1M | 8.2M | 7.8M | 6.9M | 4.9M | 4.2M | 2.7M | 1.5M | 1.2M | 784,900 | 129,900 |
| Net Income | -138.0M | -130.0M | -68.5M | 46.0M | 55.1M | 52.8M | 41.8M | 31.2M | 27.1M | 15.4M | 10.2M | 6.5M | 5.9M | 3.1M |
| Net Margin % | -49.6% | -46.8% | -15.5% | 15.3% | 17.8% | 20.2% | 20.0% | 20.3% | 20.6% | 10.5% | 11.2% | 10.5% | 13.2% | 12.9% |
| Net Income Attributable | -127.0M | -119.0M | -65.4M | 48.6M | 55.5M | 52.9M | 44.1M | 31.7M | 27.1M | 15.4M | 10.2M | 6.5M | 5.9M | 3.1M |
| Minority Interest | -11.6M | -10.6M | -3.1M | -2.6M | -396,300 | -26,800 | -2.3M | -484,100 | 15,000 | 30,500 | -- | -- | -- | -- |
| Eps Basic | -0.90 | -0.85 | -0.46 | 0.42 | 0.70 | 0.96 | 0.95 | 0.81 | 0.70 | 0.42 | 0.46 | 0.33 | 0.29 | 0.19 |
| Eps Diluted | -0.90 | -0.85 | -0.46 | 0.42 | 0.70 | 0.96 | 0.95 | 0.81 | 0.70 | 0.42 | 0.46 | 0.33 | 0.29 | 0.19 |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 136.0M | 185.0M | 170.0M | 255.0M | 441.0M | 180.0M | 259.0M | 255.0M | 120.0M | 94.9M | 23.2M | 10.3M | 10.1M | 5.6M |
| Accounts Receivable | 128.0M | 106.0M | 197.0M | 137.0M | 45.5M | 34.9M | 33.5M | 31.5M | 4.4M | 17.5M | 8.8M | 5.7M | 128,600 | 219,900 |
| Notes Receivable | 3.8M | 12.4M | 370,900 | 107,300 | 1.1M | 160,000 | 8.7M | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 132.0M | 118.0M | 198.0M | 137.0M | 46.6M | 35.0M | 42.2M | 31.5M | 4.4M | 17.5M | 8.8M | 5.7M | 128,600 | 219,900 |
| Prepayments | 3.1M | 5.5M | 14.8M | 182.0M | 146.0M | 16.1M | 3.7M | 2.9M | 421,700 | 7.7M | 1.6M | 1.1M | 1.8M | 1.0M |
| Inventory | 45.9M | 54.5M | 141.0M | 226.0M | 76.6M | 78.8M | 29.0M | 2.5M | 1.8M | 1.1M | 803,500 | 230,900 | 900,700 | -- |
| Total Current Assets | 341.0M | 387.0M | 540.0M | 817.0M | 725.0M | 322.0M | 342.0M | 295.0M | 128.0M | 122.0M | 35.1M | 18.4M | 16.1M | 14.7M |
| Fixed Assets | -- | 256.0M | 291.0M | -- | -- | 105.0M | 39.5M | 37.6M | -- | 21.1M | 21.8M | 20.6M | 16.1M | 10.8M |
| Fixed Assets Total | 208.0M | 256.0M | 291.0M | 201.0M | 168.0M | 105.0M | 39.5M | 37.6M | 20.0M | 21.1M | 21.8M | 20.6M | 16.1M | 10.8M |
| Construction In Progress | -- | 20.4M | 14.8M | -- | -- | 75.4M | 32.1M | 11.7M | -- | 270,000 | 1.6M | 2.0M | 227,900 | 4.1M |
| Construction In Progress Total | 18.9M | 20.4M | 14.8M | 42.5M | 53.3M | 75.4M | 32.1M | 11.7M | 21.6M | 270,000 | 1.6M | 2.0M | 227,900 | 4.1M |
| Intangible Assets | 231.0M | 243.0M | 244.0M | 245.0M | 250.0M | 258.0M | 4.7M | 3.7M | 17,000 | 23,300 | 29,700 | -- | -- | 195,000 |
| Long Term Deferred Expenses | 14.7M | 26.3M | 25.5M | 27.6M | 25.6M | 20.9M | 18.4M | 21.3M | 4.8M | 5.3M | 2.5M | 480,800 | 457,100 | 368,800 |
| Total Non Current Assets | 653.0M | 721.0M | 738.0M | 731.0M | 647.0M | 606.0M | 95.0M | 74.6M | 46.5M | 26.9M | 26.0M | 25.4M | 19.0M | 17.6M |
| Total Assets | 994.0M | 1.1B | 1.3B | 1.5B | 1.4B | 928.0M | 437.0M | 370.0M | 175.0M | 149.0M | 61.1M | 43.8M | 35.1M | 32.2M |
| Short Term Borrowings | 5.5M | 7.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 79.5M | 45.0M | 70.7M | 77.1M | 38.7M | 32.3M | 27.7M | 46.4M | 10.4M | 5.6M | 2.9M | 699,500 | 27,600 | 351,300 |
| Advance Receipts | -- | -- | -- | -- | -- | 49.6M | 21.4M | 14.4M | 16.5M | 21.4M | 14.5M | 11.5M | 10.7M | 8.4M |
| Contract Liabilities | 22.1M | 26.8M | 27.5M | 26.3M | 21.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 126.0M | 98.6M | 141.0M | 346.0M | 222.0M | 101.0M | 80.1M | 189.0M | 28.1M | 29.8M | 19.4M | 13.8M | 11.8M | 10.3M |
| Total Non Current Liabilities | 1.9M | 4.3M | 10.3M | 11.7M | -- | -- | -- | -- | -- | -- | -- | 36,200 | 24,200 | 9,000 |
| Total Liabilities | 128.0M | 103.0M | 151.0M | 357.0M | 222.0M | 101.0M | 80.1M | 189.0M | 28.1M | 29.8M | 19.4M | 13.9M | 11.8M | 10.3M |
| Paid In Capital | 141.0M | 141.0M | 128.0M | 116.0M | 97.0M | 72.7M | 49.0M | 39.0M | 39.0M | 39.0M | 23.1M | 20.0M | 20.0M | 20.0M |
| Capital Reserve | 754.0M | 754.0M | 767.0M | 779.0M | 798.0M | 555.0M | 163.0M | 50.1M | 50.1M | 50.0M | 3.7M | 74,400 | 211,700 | 125,400 |
| Surplus Reserve | 27.0M | 27.0M | 27.0M | 27.0M | 23.2M | 18.5M | 14.1M | 9.9M | 6.7M | 4.1M | 2.6M | 1.6M | 903,300 | 314,200 |
| Retained Earnings | -80.4M | 46.3M | 166.0M | 237.0M | 200.0M | 149.0M | 101.0M | 60.7M | 36.1M | 16.9M | 12.3M | 8.1M | 2.2M | 1.5M |
| Minority Equity | 24.6M | 36.2M | 39.5M | 31.7M | 30.9M | 31.3M | 30.7M | 20.4M | 14.7M | 8.9M | -- | -- | -- | -- |
| Equity Attributable | 841.0M | 968.0M | 1.1B | 1.2B | 1.1B | 795.0M | 327.0M | 160.0M | 132.0M | 110.0M | 41.7M | 29.9M | 23.3M | 21.9M |
| Total Equity | 866.0M | 1.0B | 1.1B | 1.2B | 1.1B | 827.0M | 357.0M | 180.0M | 147.0M | 119.0M | 41.7M | 29.9M | 23.3M | 21.9M |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 275.0M | 326.0M | 558.0M | 372.0M | 280.0M | 332.0M | 220.0M | 154.0M | 206.0M | 155.0M | 97.4M | 60.0M | 49.4M | 29.5M |
| Tax Refunds Received | 591,100 | 2.9M | 7.1M | 7.3M | 12.0M | 22.2M | 428,200 | -- | -- | -- | -- | 422,400 | -- | -- |
| Total Operating Cash Inflow | 285.0M | 336.0M | 576.0M | 391.0M | 307.0M | 361.0M | 223.0M | 154.0M | 211.0M | 156.0M | 98.8M | 65.1M | 49.7M | 30.7M |
| Cash Paid For Goods | 183.0M | 199.0M | 515.0M | 394.0M | 180.0M | 253.0M | 162.0M | 94.0M | 136.0M | 116.0M | 66.0M | 37.3M | 27.0M | 12.3M |
| Cash Paid To Employees | 74.7M | 72.1M | 58.8M | 36.1M | 30.7M | 31.6M | 21.7M | 17.0M | 15.4M | 11.7M | 9.9M | 8.2M | 6.6M | 5.4M |
| Taxes Paid | 5.6M | 6.9M | 14.7M | 6.7M | 11.3M | 12.5M | 4.1M | 4.9M | 5.3M | 3.9M | 3.0M | 2.2M | 2.4M | 1.4M |
| Total Operating Cash Outflow | 282.0M | 295.0M | 602.0M | 446.0M | 232.0M | 308.0M | 196.0M | 123.0M | 167.0M | 139.0M | 83.3M | 55.9M | 41.0M | 22.3M |
| Operating Cash Flow | 3.1M | 40.7M | -25.5M | -54.2M | 74.8M | 52.6M | 26.9M | 31.0M | 44.6M | 16.7M | 15.6M | 9.1M | 8.8M | 8.3M |
| Total Investing Cash Inflow | 5.0M | 60.5M | 31.9M | 312.0M | 10.1M | 274.0M | 276.0M | 144.0M | 259.0M | 0.00 | 2.3M | 27,400 | 5.0M | 5.0M |
| Total Investing Cash Outflow | 49.9M | 99.2M | 94.5M | 306.0M | 219.0M | 407.0M | 309.0M | 168.0M | 280.0M | 6.8M | 6.7M | 9.0M | 4.5M | 20.7M |
| Investing Cash Flow | -44.9M | -38.7M | -62.6M | 6.4M | -209.0M | -133.0M | -32.7M | -23.8M | -20.9M | -6.8M | -4.4M | -9.0M | 494,500 | -15.7M |
| Cash From Borrowings | 6.3M | 7.2M | 31.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 288,800 | 1,200 | 6.0M | 9.8M | -- | -- | -- | 3.9M | 3.9M | -- | 3.0M | -- | 4.8M | 1.8M |
| Debt Repayments | 8.0M | -- | 31.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 6.3M | 14.5M | 42.1M | 3.4M | 277.0M | 1.2M | 12.5M | 131.0M | 5.9M | 63.1M | 4.7M | -- | -- | 10.0M |
| Total Financing Cash Outflow | 11.3M | 2.6M | 39.6M | 12.2M | 10.7M | 1.2M | 2.4M | 3.9M | 3.9M | 1.3M | 3.0M | -- | 4.8M | 3.8M |
| Financing Cash Flow | -5.0M | 11.9M | 2.5M | -8.8M | 266.0M | -57,600 | 10.2M | 127.0M | 2.0M | 61.8M | 1.7M | -- | -4.8M | 6.2M |
| Net Change In Cash | -46.7M | 14.2M | -85.1M | -56.7M | 132.0M | -80.2M | 4.4M | 135.0M | 25.6M | 71.7M | 12.9M | 153,300 | 4.5M | -1.2M |
| Ending Cash Balance | 136.0M | 183.0M | 169.0M | 254.0M | 311.0M | 179.0M | 259.0M | 255.0M | 120.0M | 94.9M | 23.2M | 10.3M | 10.1M | 5.6M |
| Capex | 44.9M | 36.2M | 64.5M | 127.0M | 79.0M | 138.0M | 39.1M | 27.6M | 23.7M | 6.8M | 6.7M | 9.0M | 4.5M | 8.7M |