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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0B | 961.0M | 890.0M | 725.0M | 901.0M | 856.0M | 863.0M | 835.0M | 664.0M | 418.0M |
| Revenue Growth % | 7.7% | 8.0% | 22.8% | -19.5% | 5.3% | -0.8% | 3.4% | 25.8% | 58.9% | -- |
| Total Revenue | 1.0B | 961.0M | 890.0M | 725.0M | 901.0M | 856.0M | 863.0M | 835.0M | 664.0M | 418.0M |
| Cost Of Revenue | 959.0M | 892.0M | 778.0M | 631.0M | 762.0M | 705.0M | 723.0M | 724.0M | 573.0M | 363.0M |
| Gross Profit | 76.0M | 69.0M | 112.0M | 94.0M | 139.0M | 151.0M | 140.0M | 111.0M | 91.0M | 55.0M |
| Gross Margin % | 7.3% | 7.2% | 12.6% | 13.0% | 15.4% | 17.6% | 16.2% | 13.3% | 13.7% | 13.2% |
| Total Operating Cost | 1.1B | 1.0B | 854.0M | 687.0M | 827.0M | 759.0M | 783.0M | 785.0M | 616.0M | 392.0M |
| Selling Expenses | 16.0M | 12.3M | 9.6M | 5.2M | 7.4M | 9.7M | 11.4M | 12.3M | 12.6M | 8.0M |
| Admin Expenses | 63.1M | 42.6M | 25.2M | 21.2M | 17.0M | 18.0M | 14.8M | 28.7M | 10.1M | 10.0M |
| Rd Expenses | 63.6M | 54.8M | 38.3M | 21.6M | 16.5M | 9.8M | 12.9M | 11.3M | 11.0M | 5.2M |
| Finance Expenses | -1.5M | -1.7M | -4.9M | -5.6M | 7.8M | 5.9M | 6.3M | 6.3M | 6.5M | 4.6M |
| Operating Income | -93.0M | -55.9M | 47.3M | 50.8M | 79.4M | 101.0M | 82.6M | 51.1M | 48.9M | 26.8M |
| Operating Margin % | -9.0% | -5.8% | 5.3% | 7.0% | 8.8% | 11.8% | 9.6% | 6.1% | 7.4% | 6.4% |
| Non Operating Income | 12,500 | -- | -- | 12.0M | -- | -- | -- | 400.00 | -- | -- |
| Non Operating Expenses | 101,500 | 64,200 | 109,900 | 18,200 | -- | 3.0M | -- | 1.6M | 55,800 | 20,000 |
| Investment Income | -16.8M | -10.0M | 9.4M | 9.5M | -- | -- | -- | 49,100 | 51,000 | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- | -- | -- | -- | -145,300 | -- |
| Asset Disposal Income | -303,600 | 101,400 | 12,700 | 266,000 | 400.00 | -46,700 | -- | -- | -- | -- |
| Asset Impairment Loss | 577,900 | 721,800 | 10,100 | -- | 86,100 | 85,800 | 12.5M | 793,700 | 1.5M | 712,800 |
| Other Income | 7.2M | 3.5M | 1.8M | 3.5M | 5.5M | 3.8M | 2.4M | 1.0M | -- | -- |
| Income Before Tax | -93.1M | -56.0M | 47.2M | 62.8M | 79.4M | 97.7M | 82.6M | 49.5M | 48.8M | 26.8M |
| Income Tax | -23.9M | -16.8M | -1.2M | 7.5M | 7.2M | 11.9M | 8.7M | 4.8M | 10.1M | 5.5M |
| Net Income | -69.2M | -39.2M | 48.4M | 55.3M | 72.1M | 85.9M | 73.9M | 44.7M | 38.7M | 21.3M |
| Net Margin % | -6.7% | -4.1% | 5.4% | 7.6% | 8.0% | 10.0% | 8.6% | 5.3% | 5.8% | 5.1% |
| Net Income Attributable | -76.1M | -40.4M | 46.6M | 54.6M | 70.4M | 81.9M | 70.7M | 44.8M | 38.7M | 21.3M |
| Minority Interest | 6.9M | 1.2M | 1.8M | 712,800 | 1.7M | 3.9M | 3.1M | -164,200 | -4,800 | -15,300 |
| Eps Basic | -0.95 | -0.51 | 0.58 | 0.68 | 1.17 | 1.37 | 1.18 | 0.76 | 0.66 | 0.36 |
| Eps Diluted | -0.95 | -0.51 | 0.58 | 0.68 | 1.17 | 1.37 | 1.18 | -- | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 195.0M | 391.0M | 509.0M | 623.0M | 784.0M | 125.0M | 156.0M | 145.0M | 24.0M | 5.1M |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | -- | -- | 2.4M | -- |
| Accounts Receivable | 390.0M | 257.0M | 378.0M | 387.0M | 587.0M | 427.0M | 321.0M | 271.0M | 193.0M | -- |
| Notes Receivable | 8.8M | 45.1M | 79.6M | -- | -- | 2.2M | 11.6M | 9.3M | 24,500 | -- |
| Notes And Accounts Receivable | 399.0M | 302.0M | 458.0M | 387.0M | 587.0M | 429.0M | 333.0M | 280.0M | 193.0M | 79.4M |
| Prepayments | 30.0M | 34.0M | 38.2M | 17.8M | 23.9M | 14.7M | 7.3M | 10.8M | 11.8M | 5.7M |
| Inventory | 79.3M | 47.9M | 70.8M | 9.9M | 7.0M | 8.5M | 19.6M | 36.4M | 12.3M | 10.1M |
| Total Current Assets | 791.0M | 853.0M | 1.1B | 1.3B | 1.4B | 582.0M | 522.0M | 477.0M | 283.0M | 131.0M |
| Long Term Equity Investment | 15.1M | 33.0M | 11.2M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 55.0M | 48.4M | 10.9M | 10.5M | 10.6M | 10.1M | 10.1M | -- | -- |
| Fixed Assets Total | 223.0M | 55.0M | 48.4M | 10.9M | 10.5M | 10.6M | 10.1M | 10.1M | 9.9M | 9.9M |
| Construction In Progress | -- | 234.0M | 21.7M | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 175.0M | 234.0M | 21.7M | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 43.1M | 42.8M | 50.4M | 10.0M | 42.6M | 41.9M | 2.4M | 2.0M | 386,500 | 24,900 |
| Long Term Deferred Expenses | 287,400 | 11.5M | 2.3M | 1.4M | 2.2M | 3.4M | 306,900 | 349,200 | 332,500 | -- |
| Total Non Current Assets | 553.0M | 477.0M | 238.0M | 60.1M | 66.2M | 63.5M | 19.9M | 16.8M | 10.9M | 10.1M |
| Total Assets | 1.3B | 1.3B | 1.4B | 1.3B | 1.5B | 646.0M | 542.0M | 494.0M | 294.0M | 141.0M |
| Short Term Borrowings | 60.0M | 2.5M | -- | -- | -- | -- | -- | 15.2M | 39.6M | 29.5M |
| Accounts Payable | 68.7M | 24.9M | 8.6M | 34.8M | 197.0M | 88.8M | 44.5M | 48.0M | 88.0M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 3.0M | 2.2M | 1.5M | 2.4M | 753,700 |
| Contract Liabilities | 5.0M | 5.3M | 8.1M | 3.9M | 4.2M | -- | -- | -- | -- | -- |
| Total Current Liabilities | 146.0M | 44.2M | 44.8M | 56.8M | 230.0M | 113.0M | 67.1M | 78.6M | 171.0M | 59.1M |
| Total Non Current Liabilities | 29.9M | 35.7M | 13.1M | 2.2M | 875,000 | -- | 275,600 | 737,100 | -- | -- |
| Total Liabilities | 176.0M | 79.9M | 57.9M | 58.9M | 231.0M | 113.0M | 67.4M | 79.3M | 171.0M | 59.1M |
| Paid In Capital | 80.0M | 80.0M | 80.0M | 80.0M | 80.0M | 60.0M | 60.0M | 60.0M | 50.1M | 50.1M |
| Capital Reserve | 960.0M | 960.0M | 960.0M | 960.0M | 965.0M | 309.0M | 309.0M | 309.0M | -- | -- |
| Surplus Reserve | 22.4M | 22.4M | 22.4M | 19.2M | 15.6M | 11.4M | 6.0M | 2.4M | 2.2M | 725,600 |
| Retained Earnings | 86.4M | 174.0M | 231.0M | 204.0M | 177.0M | 140.0M | 91.5M | 43.5M | 66.9M | 29.7M |
| Minority Equity | 14.9M | 8.5M | 5.6M | -137,600 | 7.6M | 5.9M | 3.5M | 335,700 | -20,100 | -15,300 |
| Equity Attributable | 1.2B | 1.2B | 1.3B | 1.3B | 1.2B | 527.0M | 472.0M | 414.0M | 123.0M | 81.6M |
| Total Equity | 1.2B | 1.2B | 1.3B | 1.3B | 1.2B | 533.0M | 475.0M | 415.0M | 123.0M | 81.6M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.1B | 1.2B | 1.0B | 862.0M | 836.0M | 859.0M | 901.0M | 822.0M | 613.0M | 404.0M |
| Tax Refunds Received | 2.6M | -- | 10.3M | 919,100 | 1.3M | 1.4M | 1.5M | 652,600 | -- | -- |
| Total Operating Cash Inflow | 1.1B | 1.2B | 1.1B | 894.0M | 842.0M | 863.0M | 903.0M | 869.0M | 613.0M | 404.0M |
| Cash Paid For Goods | 1.1B | 967.0M | 975.0M | 878.0M | 734.0M | 714.0M | 773.0M | 847.0M | 551.0M | 378.0M |
| Cash Paid To Employees | 79.1M | 67.1M | 54.3M | 34.3M | 39.2M | 38.8M | 35.9M | 24.6M | 16.0M | 9.8M |
| Taxes Paid | 23.9M | 20.7M | 22.3M | 13.2M | 39.9M | 34.5M | 22.8M | 37.3M | 4.8M | 3.0M |
| Total Operating Cash Outflow | 1.2B | 1.1B | 1.1B | 942.0M | 832.0M | 811.0M | 852.0M | 931.0M | 609.0M | 419.0M |
| Operating Cash Flow | -134.0M | 138.0M | -18.5M | -47.2M | 10.0M | 51.5M | 51.1M | -61.6M | 4.6M | -14.3M |
| Total Investing Cash Inflow | 253.0M | 808.0M | 1.7B | 640.0M | 2,655 | 120,000 | -- | 9.1M | 51,000 | -- |
| Total Investing Cash Outflow | 356.0M | 1.1B | 1.8B | 696.0M | 6.4M | 49.7M | 2.3M | 9.9M | 4.2M | 307,500 |
| Investing Cash Flow | -104.0M | -247.0M | -83.0M | -56.1M | -6.4M | -49.5M | -2.3M | -870,600 | -4.1M | -307,500 |
| Cash From Borrowings | 60.0M | 17.5M | -- | 68.0M | 108.0M | 60.0M | 65.6M | 93.1M | 128.0M | 42.8M |
| Dividends And Interest Paid | 13.3M | 16.8M | 16.0M | 27.5M | 38.0M | 34.2M | 25.2M | 62.2M | 4.5M | 4.2M |
| Debt Repayments | 2.5M | 10.0M | -- | 68.0M | 108.0M | 60.0M | 80.8M | 118.0M | 122.0M | 20.5M |
| Total Financing Cash Inflow | 60.5M | 23.6M | 5.3M | 68.0M | 809.0M | 60.0M | 65.6M | 384.0M | 160.0M | 42.8M |
| Total Financing Cash Outflow | 19.6M | 33.5M | 21.0M | 125.0M | 150.0M | 94.6M | 106.0M | 195.0M | 143.0M | 24.7M |
| Financing Cash Flow | 40.9M | -9.9M | -15.7M | -56.6M | 659.0M | -34.6M | -40.4M | 189.0M | 17.1M | 18.0M |
| Net Change In Cash | -196.0M | -118.0M | -114.0M | -161.0M | 659.0M | -31.5M | 11.3M | 121.0M | 18.8M | 3.6M |
| Ending Cash Balance | 195.0M | 391.0M | 509.0M | 623.0M | 784.0M | 125.0M | 156.0M | 145.0M | 24.0M | 5.1M |
| Capex | 105.0M | 229.0M | 144.0M | 26.3M | 6.4M | 49.7M | 2.3M | 3.3M | 1.6M | 307,500 |