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 | 1.3B | 1.8B | 2.1B | 1.6B | 1.2B | 753.0M | 462.0M | 439.0M | 352.0M | 252.0M | 179.0M | 90.6M |
| Revenue Growth % | -27.9% | -15.7% | 29.9% | 32.7% | 62.7% | 63.0% | 5.2% | 24.7% | 39.7% | 40.8% | 97.7% | -- |
| Total Revenue | 1.3B | 1.8B | 2.1B | 1.6B | 1.2B | 753.0M | 462.0M | 439.0M | 352.0M | 252.0M | 179.0M | 90.6M |
| Cost Of Revenue | 1.1B | 1.5B | 1.8B | 1.3B | 1.0B | 613.0M | 367.0M | 349.0M | 279.0M | 208.0M | 142.0M | 66.2M |
| Gross Profit | 203.0M | 268.0M | 331.0M | 276.0M | 210.0M | 140.0M | 95.0M | 90.0M | 73.0M | 44.0M | 37.0M | 24.3M |
| Gross Margin % | 15.8% | 15.1% | 15.7% | 17.0% | 17.1% | 18.6% | 20.6% | 20.5% | 20.7% | 17.5% | 20.7% | 26.9% |
| Total Operating Cost | 1.2B | 1.7B | 2.0B | 1.5B | 1.1B | 686.0M | 422.0M | 403.0M | 317.0M | 234.0M | 170.0M | 86.5M |
| Selling Expenses | 26.3M | 24.5M | 19.9M | 19.3M | 13.0M | 10.5M | 7.1M | 6.1M | 4.7M | 3.7M | 3.6M | 604,800 |
| Admin Expenses | 36.6M | 34.0M | 24.6M | 22.7M | 21.7M | 14.1M | 13.2M | 12.4M | 21.5M | 17.3M | 22.0M | 16.7M |
| Rd Expenses | 61.8M | 68.8M | 87.2M | 63.3M | 46.0M | 25.3M | 14.7M | 15.2M | -- | -- | -- | -- |
| Finance Expenses | 16.3M | 1.8M | 12.8M | 12.0M | 8.5M | 6.5M | 3.8M | 6.6M | 3.2M | 2.4M | 1.2M | 694,700 |
| Operating Income | 43.2M | 70.9M | 136.0M | 119.0M | 98.6M | 70.1M | 41.1M | 36.2M | 35.0M | 17.4M | 9.4M | 1.3M |
| Operating Margin % | 3.4% | 4.0% | 6.4% | 7.3% | 8.1% | 9.3% | 8.9% | 8.2% | 9.9% | 6.9% | 5.2% | 1.5% |
| Non Operating Income | 185,500 | 124,500 | 194,000 | 6,400 | 1,500 | -- | 30,000 | 20,100 | 140,400 | 1.9M | 200.00 | 11,400 |
| Non Operating Expenses | 4.2M | 1.4M | 534,800 | 677,500 | 319,700 | 204,800 | 93,500 | 69,800 | -- | -- | 7,600 | 46,200 |
| Investment Income | -443,100 | 6.2M | 2.6M | 299,700 | 150,000 | -36,200 | -85,300 | -43,700 | -101,000 | 31,700 | -- | -2.7M |
| Asset Disposal Income | 113,700 | 23,400 | -- | -5,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 7.8M | 38.4M | 28.7M | 15.7M | -- | -- | 14.4M | 11.3M | 6.1M | 1.0M | 174,100 | 380,700 |
| Other Income | 9.4M | 18.4M | 17.2M | 10.8M | 6.1M | 2.6M | 430,400 | 390,000 | -- | -- | -- | -- |
| Income Before Tax | 39.2M | 69.6M | 135.0M | 118.0M | 98.3M | 69.9M | 41.1M | 36.2M | 35.1M | 19.3M | 9.4M | 1.3M |
| Income Tax | -3.0M | 397,400 | 9.9M | 11.3M | 10.6M | 7.7M | 5.3M | 4.8M | 4.5M | 2.5M | 1.1M | 564,700 |
| Net Income | 42.2M | 69.2M | 125.0M | 107.0M | 87.7M | 62.3M | 35.8M | 31.3M | 30.6M | 16.7M | 8.3M | 723,800 |
| Net Margin % | 3.3% | 3.9% | 5.9% | 6.6% | 7.2% | 8.3% | 7.7% | 7.1% | 8.7% | 6.6% | 4.6% | 0.8% |
| Net Income Attributable | 42.4M | 69.3M | 125.0M | 107.0M | 87.7M | 62.3M | 35.8M | 31.3M | 30.6M | 16.7M | 8.3M | 869,900 |
| Minority Interest | -122,300 | -62,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -146,100 |
| Eps Basic | 0.35 | 0.57 | 1.21 | 1.17 | 0.97 | 0.82 | 0.47 | 0.54 | 0.54 | 0.33 | 0.17 | 0.02 |
| Eps Diluted | 0.35 | 0.57 | 1.21 | 1.17 | 0.97 | 0.82 | 0.47 | 0.54 | 0.54 | 0.33 | 0.17 | 0.02 |
| 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 | 732.0M | 841.0M | 1.1B | 278.0M | 313.0M | 206.0M | 59.9M | 81.4M | 47.2M | 33.0M | 19.7M | 21.8M |
| Trading Financial Assets | 8.0M | -- | 150.0M | -- | 10.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 925.0M | 1.0B | 1.0B | 804.0M | 541.0M | 507.0M | 360.0M | 304.0M | 161.0M | 54.9M | 33.8M | 21.2M |
| Notes Receivable | 40.8M | 431,400 | 5.5M | 6.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 966.0M | 1.0B | 1.0B | 811.0M | 541.0M | 507.0M | 360.0M | 304.0M | 161.0M | 54.9M | 33.8M | 21.2M |
| Prepayments | 30.7M | 16.6M | 13.5M | 9.7M | 7.8M | 5.4M | 4.7M | 3.2M | 1.5M | 5.2M | 1.9M | 1.0M |
| Inventory | 402.0M | 34.4M | 31.4M | 24.7M | 7.6M | 5.8M | 12.9M | 2.2M | 13.2M | 20.2M | 4.8M | -- |
| Total Current Assets | 2.6B | 2.4B | 2.7B | 1.4B | 1.1B | 742.0M | 458.0M | 406.0M | 233.0M | 122.0M | 81.7M | 59.9M |
| Long Term Equity Investment | 8.7M | 773,200 | 773,400 | 773,500 | 794,300 | 829,800 | 866,000 | 954,500 | 1.2M | -- | -- | -- |
| Fixed Assets | -- | 72.8M | 45.1M | 36.5M | 46.7M | 49.7M | 40.8M | 24.3M | 17.2M | 6.8M | 7.3M | 5.6M |
| Fixed Assets Total | 603.0M | 72.9M | 45.1M | 36.5M | 46.7M | 49.7M | 40.8M | 24.3M | 17.2M | 6.8M | 7.3M | 5.6M |
| Construction In Progress | -- | 236.0M | 103,000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 145.0M | 236.0M | 103,000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 13.1M | 9.3M | 4.2M | 5.6M | 4.2M | 142,900 | 264,600 | 549,700 | 1.1M | 994,600 | 1.8M | 20,600 |
| Long Term Deferred Expenses | 1.3M | 1.4M | 621,500 | 755,300 | -- | -- | -- | 86,900 | -- | -- | 1.7M | -- |
| Total Non Current Assets | 846.0M | 405.0M | 84.5M | 78.5M | 68.6M | 58.4M | 47.9M | 37.7M | 29.2M | 16.7M | 10.9M | 5.6M |
| Total Assets | 3.4B | 2.8B | 2.8B | 1.5B | 1.2B | 801.0M | 506.0M | 443.0M | 262.0M | 139.0M | 92.5M | 65.5M |
| Short Term Borrowings | 338.0M | 180.0M | 170.0M | 160.0M | 78.2M | 37.8M | 15.0M | 10.0M | 20.0M | 21.0M | 12.0M | 8.0M |
| Accounts Payable | 227.0M | 251.0M | 305.0M | 409.0M | 291.0M | 201.0M | 110.0M | 82.6M | 31.2M | 7.3M | 3.1M | 367,500 |
| Advance Receipts | -- | -- | -- | -- | -- | 1.2M | 2.0M | 1.4M | -- | 820,400 | 3.5M | -- |
| Contract Liabilities | 14.5M | 502,800 | 284,600 | 951,800 | 1.2M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.1B | 875.0M | 941.0M | 860.0M | 595.0M | 333.0M | 202.0M | 175.0M | 95.3M | 58.0M | 38.3M | 17.4M |
| Long Term Borrowings | 145.0M | -- | -- | 1.8M | 5.1M | 5.8M | 960,000 | -- | 36.0M | -- | -- | -- |
| Total Non Current Liabilities | 355.0M | 65.5M | 3.4M | 9.2M | 13.2M | 10.1M | 8.1M | 8.3M | 43.4M | 125,300 | -- | -- |
| Total Liabilities | 1.5B | 940.0M | 945.0M | 869.0M | 608.0M | 343.0M | 210.0M | 184.0M | 139.0M | 58.2M | 38.3M | 17.4M |
| Paid In Capital | 122.0M | 122.0M | 122.0M | 91.2M | 91.2M | 90.5M | 75.8M | 75.8M | 58.5M | 55.0M | 50.1M | 50.0M |
| Capital Reserve | 1.2B | 1.2B | 1.2B | 209.0M | 209.0M | 205.0M | 119.0M | 119.0M | 24.8M | 16.0M | -- | -- |
| Surplus Reserve | 57.1M | 52.7M | 46.0M | 34.2M | 24.2M | 16.1M | 10.2M | 6.5M | 4.1M | 1.0M | 695,200 | 43,600 |
| Retained Earnings | 517.0M | 486.0M | 436.0M | 323.0M | 226.0M | 146.0M | 90.0M | 58.0M | 36.1M | 8.6M | 3.5M | -2.1M |
| Minority Equity | -184,500 | -62,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 211,500 |
| Equity Attributable | 1.9B | 1.9B | 1.8B | 657.0M | 550.0M | 458.0M | 295.0M | 260.0M | 124.0M | 80.7M | 54.3M | 47.9M |
| Total Equity | 1.9B | 1.9B | 1.8B | 657.0M | 550.0M | 458.0M | 295.0M | 260.0M | 124.0M | 80.7M | 54.3M | 48.2M |
| 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 | 1.5B | 1.6B | 1.9B | 1.3B | 1.1B | 648.0M | 428.0M | 354.0M | 259.0M | 239.0M | 192.0M | 78.9M |
| Total Operating Cash Inflow | 1.6B | 1.7B | 2.0B | 1.3B | 1.1B | 668.0M | 445.0M | 375.0M | 291.0M | 258.0M | 228.0M | 79.0M |
| Cash Paid For Goods | 954.0M | 1.1B | 1.2B | 978.0M | 697.0M | 393.0M | 286.0M | 239.0M | 150.0M | 113.0M | 116.0M | 36.0M |
| Cash Paid To Employees | 600.0M | 642.0M | 668.0M | 390.0M | 231.0M | 157.0M | 102.0M | 121.0M | 101.0M | 102.0M | 86.1M | 44.0M |
| Taxes Paid | 31.3M | 61.9M | 63.7M | 37.2M | 22.3M | 24.9M | 17.8M | 17.3M | 13.4M | 13.0M | 7.5M | 3.6M |
| Total Operating Cash Outflow | 1.6B | 1.9B | 2.0B | 1.4B | 986.0M | 604.0M | 436.0M | 413.0M | 322.0M | 252.0M | 226.0M | 93.5M |
| Operating Cash Flow | -87.1M | -192.0M | 7.3M | -91.9M | 97.9M | 63.8M | 9.0M | -37.8M | -31.0M | 5.5M | 2.5M | -14.5M |
| Total Investing Cash Inflow | 81.3M | 2.1B | 561.0M | 60.7M | 40.2M | -- | 4.0M | 12.1M | -- | 31,700 | -- | -9,502 |
| Total Investing Cash Outflow | 602.0M | 2.3B | 718.0M | 56.5M | 62.8M | 13.7M | 12.0M | 16.8M | 10.6M | 10.5M | 13.0M | 1.7M |
| Investing Cash Flow | -520.0M | -152.0M | -157.0M | 4.2M | -22.6M | -13.7M | -8.0M | -4.7M | -10.6M | -10.5M | -13.0M | -1.7M |
| Cash From Borrowings | 505.0M | 282.0M | 165.0M | 159.0M | 78.0M | 72.4M | 24.0M | 15.0M | 56.0M | 21.0M | 12.0M | 8.0M |
| Dividends And Interest Paid | 16.8M | 17.4M | 12.9M | 5.8M | 2.7M | 2.7M | 1.2M | 4.9M | 2.9M | 1.9M | 436,800 | 404,400 |
| Debt Repayments | 191.0M | 269.0M | 154.0M | 87.0M | 39.4M | 47.0M | 50.0M | 25.0M | 21.0M | 12.0M | 8.0M | 5.0M |
| Total Financing Cash Inflow | 874.0M | 516.0M | 1.3B | 342.0M | 155.0M | 202.0M | 51.1M | 130.0M | 93.0M | 33.3M | 16.8M | 28.0M |
| Total Financing Cash Outflow | 386.0M | 367.0M | 391.0M | 284.0M | 185.0M | 111.0M | 75.9M | 53.0M | 38.2M | 15.2M | 8.4M | 5.6M |
| Financing Cash Flow | 488.0M | 149.0M | 892.0M | 58.0M | -30.9M | 91.7M | -24.8M | 76.9M | 54.8M | 18.0M | 8.4M | 22.4M |
| Net Change In Cash | -119.0M | -195.0M | 742.0M | -29.7M | 44.4M | 142.0M | -23.7M | 34.5M | 13.2M | 13.1M | -2.1M | 6.2M |
| Ending Cash Balance | 641.0M | 761.0M | 955.0M | 213.0M | 243.0M | 199.0M | 56.7M | 80.5M | 46.0M | 32.7M | 19.7M | 21.8M |
| Capex | 505.0M | 309.0M | 9.7M | 6.2M | 2.0M | 13.7M | 8.0M | 4.8M | 9.1M | 10.5M | 6.9M | 1.7M |