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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 785.0M | 721.0M | 754.0M | 709.0M | 572.0M | 472.0M | 370.0M | 290.0M | 213.0M |
| Revenue Growth % | 8.9% | -4.4% | 6.3% | 24.0% | 21.2% | 27.6% | 27.6% | 36.2% | -- |
| Total Revenue | 785.0M | 721.0M | 754.0M | 709.0M | 572.0M | 472.0M | 370.0M | 290.0M | 213.0M |
| Cost Of Revenue | 568.0M | 497.0M | 570.0M | 512.0M | 379.0M | 305.0M | 234.0M | 184.0M | 155.0M |
| Gross Profit | 217.0M | 224.0M | 184.0M | 197.0M | 193.0M | 167.0M | 136.0M | 106.0M | 58.0M |
| Gross Margin % | 27.6% | 31.1% | 24.4% | 27.8% | 33.7% | 35.4% | 36.8% | 36.6% | 27.2% |
| Total Operating Cost | 735.0M | 648.0M | 696.0M | 622.0M | 487.0M | 405.0M | 308.0M | 246.0M | 204.0M |
| Selling Expenses | 45.4M | 40.4M | 29.9M | 26.2M | 24.9M | 31.9M | 19.1M | 14.1M | 12.2M |
| Admin Expenses | 65.3M | 55.4M | 43.4M | 35.0M | 33.9M | 33.6M | 31.6M | 24.4M | 25.9M |
| Rd Expenses | 31.5M | 34.1M | 37.7M | 25.5M | 20.1M | 17.1M | 13.3M | 9.3M | 7.2M |
| Finance Expenses | 4.4M | -3.9M | -7.0M | 8.6M | 10.8M | 5.6M | 1.2M | 8.1M | 713,400 |
| Operating Income | 52.7M | 80.3M | 63.3M | 91.8M | 91.2M | 70.2M | 63.5M | 45.9M | 8.3M |
| Operating Margin % | 6.7% | 11.1% | 8.4% | 12.9% | 16.0% | 14.9% | 17.2% | 15.8% | 3.9% |
| Non Operating Income | 157,900 | 596,300 | 2.7M | 20,400 | 3.7M | 733,400 | 3,400 | 1.0M | 1.3M |
| Non Operating Expenses | 1.4M | 3.3M | 1.8M | 1.3M | 1.7M | 31,500 | 8,900 | 290,500 | 102,200 |
| Investment Income | 193,300 | 927,400 | 2.6M | 796,500 | 1.1M | -- | 14,600 | 10,900 | -- |
| Fair Value Change Income | 45,900 | -- | -1.3M | -431,500 | 300,500 | -- | -- | -10,800 | 23,900 |
| Asset Disposal Income | -- | -3,800 | -- | -- | -- | 28,800 | 34,600 | -- | -112,100 |
| Asset Impairment Loss | 6.4M | 7.1M | 7.0M | 4.5M | 5.0M | 2.2M | 5.4M | 3.1M | 1.8M |
| Other Income | 3.1M | 5.8M | 3.5M | 5.1M | 4.1M | 2.7M | 1.7M | 1.0M | -- |
| Income Before Tax | 51.4M | 77.6M | 64.1M | 90.5M | 93.3M | 70.9M | 63.5M | 46.6M | 9.6M |
| Income Tax | 11.0M | 10.8M | -44,300 | 8.8M | 11.2M | 8.7M | 9.5M | 8.1M | 3.8M |
| Net Income | 40.4M | 66.8M | 64.2M | 81.7M | 82.1M | 62.2M | 54.0M | 38.6M | 5.8M |
| Net Margin % | 5.1% | 9.3% | 8.5% | 11.5% | 14.4% | 13.2% | 14.6% | 13.3% | 2.7% |
| Net Income Attributable | 42.2M | 65.6M | 63.7M | 81.7M | 82.1M | 62.2M | 54.0M | 38.6M | 5.8M |
| Minority Interest | -1.8M | 1.2M | 479,900 | 38,100 | -- | -- | -- | -- | -- |
| Eps Basic | 0.21 | 0.32 | 0.31 | 0.60 | 0.64 | 0.51 | 0.47 | 0.35 | 0.06 |
| Eps Diluted | 0.19 | 0.32 | 0.31 | 0.60 | 0.64 | 0.51 | 0.47 | 0.35 | 0.06 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 336.0M | 127.0M | 178.0M | 231.0M | 54.8M | 39.2M | 24.7M | 15.8M | 18.6M |
| Trading Financial Assets | 101.0M | 45.0M | 90.0M | 170.0M | 561,300 | 10.0M | -- | -- | 80,400 |
| Accounts Receivable | 312.0M | 263.0M | 295.0M | 257.0M | 184.0M | 170.0M | 125.0M | 74.8M | 44.0M |
| Notes Receivable | 819,600 | 3.5M | 5.0M | 10.2M | 6.0M | 3.9M | 1.8M | 2.9M | 972,400 |
| Notes And Accounts Receivable | 313.0M | 266.0M | 300.0M | 267.0M | 190.0M | 173.0M | 127.0M | 77.8M | 45.0M |
| Prepayments | 10.4M | 7.7M | 2.4M | 11.7M | 8.0M | 1.2M | 2.2M | 1.6M | 5.0M |
| Inventory | 266.0M | 248.0M | 299.0M | 246.0M | 165.0M | 118.0M | 90.7M | 77.0M | 83.1M |
| Total Current Assets | 1.1B | 762.0M | 934.0M | 967.0M | 446.0M | 350.0M | 251.0M | 185.0M | 152.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | 2.2M |
| Fixed Assets | -- | 388.0M | 281.0M | 229.0M | 109.0M | 109.0M | 97.1M | 70.7M | -- |
| Fixed Assets Total | 597.0M | 388.0M | 282.0M | 229.0M | 109.0M | 109.0M | 97.1M | 70.7M | 67.0M |
| Construction In Progress | -- | 167.0M | 125.0M | 37.1M | 102.0M | 44.6M | 15.8M | 9.3M | -- |
| Construction In Progress Total | 178.0M | 167.0M | 125.0M | 37.1M | 102.0M | 44.6M | 15.8M | 9.3M | -- |
| Intangible Assets | 156.0M | 113.0M | 115.0M | 51.6M | 53.0M | 52.8M | 25.0M | 16.7M | 4.2M |
| Long Term Deferred Expenses | 1.4M | 793,800 | 375,700 | 524,000 | -- | -- | -- | -- | -- |
| Total Non Current Assets | 977.0M | 740.0M | 601.0M | 355.0M | 286.0M | 232.0M | 159.0M | 104.0M | 81.2M |
| Total Assets | 2.1B | 1.5B | 1.5B | 1.3B | 732.0M | 583.0M | 411.0M | 289.0M | 233.0M |
| Short Term Borrowings | 64.8M | 149.0M | 176.0M | 7.0M | 125.0M | 112.0M | 74.0M | 35.0M | 99.6M |
| Accounts Payable | 87.3M | 43.6M | 77.2M | 68.1M | 33.8M | 54.3M | 30.3M | 19.0M | 32.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.6M | 6.5M | 6.8M | 4.5M |
| Contract Liabilities | 9.9M | 8.3M | 11.4M | 9.4M | 7.2M | -- | -- | -- | -- |
| Total Current Liabilities | 376.0M | 372.0M | 526.0M | 324.0M | 278.0M | 224.0M | 158.0M | 70.7M | 157.0M |
| Long Term Borrowings | 216.0M | 107.0M | 9.0M | -- | 29.4M | -- | -- | -- | -- |
| Total Non Current Liabilities | 672.0M | 140.0M | 41.5M | 16.5M | 46.8M | 20.8M | 22.8M | 19.3M | 15.9M |
| Total Liabilities | 1.0B | 512.0M | 568.0M | 340.0M | 325.0M | 245.0M | 181.0M | 90.0M | 173.0M |
| Paid In Capital | 206.0M | 205.0M | 171.0M | 171.0M | 128.0M | 128.0M | 114.0M | 57.0M | 50.0M |
| Capital Reserve | 559.0M | 555.0M | 582.0M | 581.0M | 135.0M | 135.0M | 56.2M | 113.0M | 20.1M |
| Surplus Reserve | 50.2M | 45.0M | 39.9M | 33.9M | 26.7M | 19.5M | 14.1M | 8.2M | 3.8M |
| Retained Earnings | 148.0M | 175.0M | 166.0M | 193.0M | 119.0M | 56.9M | 47.0M | 21.7M | -12.4M |
| Minority Equity | 2.6M | 10.0M | 8.8M | 3.3M | -- | -- | -- | -- | -- |
| Equity Attributable | 1.0B | 980.0M | 958.0M | 978.0M | 407.0M | 338.0M | 230.0M | 199.0M | 60.5M |
| Total Equity | 1.0B | 990.0M | 967.0M | 981.0M | 407.0M | 338.0M | 230.0M | 199.0M | 60.5M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 696.0M | 668.0M | 642.0M | 447.0M | 399.0M | 292.0M | 247.0M | 202.0M | 175.0M |
| Tax Refunds Received | 13.2M | 24.6M | 17.4M | 10.6M | 8.1M | 8.0M | 6.9M | 2.1M | 14.6M |
| Total Operating Cash Inflow | 741.0M | 728.0M | 699.0M | 484.0M | 429.0M | 310.0M | 259.0M | 215.0M | 193.0M |
| Cash Paid For Goods | 383.0M | 405.0M | 539.0M | 248.0M | 236.0M | 132.0M | 136.0M | 117.0M | 147.0M |
| Cash Paid To Employees | 135.0M | 114.0M | 109.0M | 92.7M | 74.6M | 65.4M | 52.7M | 37.3M | 23.7M |
| Taxes Paid | 19.0M | 27.4M | 21.4M | 24.0M | 13.3M | 20.1M | 11.9M | 11.5M | 5.7M |
| Total Operating Cash Outflow | 591.0M | 619.0M | 729.0M | 413.0M | 377.0M | 268.0M | 235.0M | 190.0M | 200.0M |
| Operating Cash Flow | 151.0M | 109.0M | -29.7M | 70.9M | 52.8M | 41.9M | 23.8M | 25.3M | -7.2M |
| Total Investing Cash Inflow | 167.0M | 208.0M | 434.0M | 1.1M | 10.9M | 3.5M | 8.6M | 2.3M | 196,600 |
| Total Investing Cash Outflow | 551.0M | 392.0M | 537.0M | 246.0M | 73.9M | 95.1M | 65.4M | 41.1M | 22.3M |
| Investing Cash Flow | -384.0M | -185.0M | -103.0M | -245.0M | -63.0M | -91.5M | -56.8M | -38.8M | -22.1M |
| Cash From Borrowings | 719.0M | 338.0M | 259.0M | 158.0M | 228.0M | 196.0M | 74.0M | 60.9M | 153.0M |
| Dividends And Interest Paid | 71.8M | 57.7M | 88.0M | 6.6M | 19.7M | 75.8M | 2.5M | 3.2M | 18.0M |
| Debt Repayments | 265.0M | 267.0M | 74.9M | 312.0M | 185.0M | 158.0M | 35.0M | 126.0M | 93.1M |
| Total Financing Cash Inflow | 763.0M | 353.0M | 264.0M | 683.0M | 228.0M | 288.0M | 74.0M | 201.0M | 338.0M |
| Total Financing Cash Outflow | 362.0M | 328.0M | 183.0M | 333.0M | 207.0M | 235.0M | 37.5M | 185.0M | 303.0M |
| Financing Cash Flow | 401.0M | 25.5M | 81.3M | 350.0M | 20.6M | 53.9M | 36.5M | 16.1M | 35.5M |
| Net Change In Cash | 170.0M | -46.8M | -48.5M | 174.0M | 8.7M | 4.4M | 4.5M | 1.6M | 6.6M |
| Ending Cash Balance | 280.0M | 110.0M | 157.0M | 205.0M | 31.5M | 22.8M | 18.4M | 13.8M | 12.3M |
| Capex | 256.0M | 231.0M | 186.0M | 76.2M | 73.9M | 85.1M | 65.4M | 33.1M | 18.6M |