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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 716.0M | 363.0M | 340.0M | 411.0M | 405.0M | 289.0M | 245.0M | 105.0M |
| Revenue Growth % | 97.2% | 6.8% | -17.3% | 1.5% | 40.1% | 18.0% | 133.3% | -- |
| Total Revenue | 716.0M | 363.0M | 340.0M | 411.0M | 405.0M | 289.0M | 245.0M | 105.0M |
| Cost Of Revenue | 427.0M | 232.0M | 209.0M | 264.0M | 249.0M | 175.0M | 137.0M | 56.0M |
| Gross Profit | 289.0M | 131.0M | 131.0M | 147.0M | 156.0M | 114.0M | 108.0M | 49.0M |
| Gross Margin % | 40.4% | 36.1% | 38.5% | 35.8% | 38.5% | 39.4% | 44.1% | 46.7% |
| Total Operating Cost | 641.0M | 327.0M | 302.0M | 349.0M | 320.0M | 238.0M | 192.0M | 83.0M |
| Selling Expenses | 64.3M | 39.7M | 29.3M | 25.4M | 24.9M | 25.4M | 24.7M | 10.9M |
| Admin Expenses | 68.6M | 27.7M | 26.6M | 25.1M | 16.5M | 13.1M | 14.8M | 6.2M |
| Rd Expenses | 42.0M | 24.1M | 20.4M | 19.1M | 14.7M | 14.5M | 9.9M | 4.6M |
| Finance Expenses | 1.8M | -4.5M | 3.5M | 6.4M | 3.5M | 3.5M | 2.7M | 712,000 |
| Operating Income | 85.0M | 41.9M | 45.9M | 67.6M | 89.9M | 53.6M | 53.7M | 24.2M |
| Operating Margin % | 11.9% | 11.5% | 13.5% | 16.4% | 22.2% | 18.5% | 21.9% | 23.1% |
| Non Operating Income | 294,400 | 3,100 | 20,700 | 263,200 | 138,900 | 534,500 | 29,100 | 4,500 |
| Non Operating Expenses | 546,500 | 19,500 | 13.00 | 236,600 | 410,600 | 73,200 | 50,600 | 21,000 |
| Investment Income | 677,300 | 1.8M | 796,800 | -- | -- | 98,700 | 6,503 | 613,000 |
| Fair Value Change Income | 275,800 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -481,700 | -23,000 | -10,700 | -77,400 | -59,900 | -30,400 | -3,900 | -- |
| Asset Impairment Loss | 29.0M | 6.7M | 7.0M | 8.5M | 3.3M | 1.8M | 2.7M | 4.2M |
| Other Income | 9.8M | 4.1M | 7.1M | 6.1M | 4.9M | 2.1M | 1.5M | 1.1M |
| Income Before Tax | 84.8M | 41.9M | 45.9M | 67.6M | 89.6M | 54.0M | 53.6M | 24.2M |
| Income Tax | 7.6M | 4.8M | -255,700 | 8.0M | 12.7M | 7.1M | 8.6M | 3.8M |
| Net Income | 77.1M | 37.1M | 46.2M | 59.6M | 76.9M | 46.9M | 45.0M | 20.3M |
| Net Margin % | 10.8% | 10.2% | 13.6% | 14.5% | 19.0% | 16.2% | 18.4% | 19.4% |
| Net Income Attributable | 53.2M | 37.1M | 46.2M | 59.6M | 76.9M | 47.2M | 45.0M | 20.3M |
| Minority Interest | 24.0M | -- | -- | -- | -- | -302,400 | -- | -- |
| Eps Basic | 0.44 | 0.31 | 0.47 | 0.66 | 0.85 | -- | -- | -- |
| Eps Diluted | 0.44 | 0.31 | 0.47 | 0.66 | 0.85 | -- | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 307.0M | 389.0M | 411.0M | 10.2M | 12.0M | 35.5M | 24.7M | 2.9M |
| Trading Financial Assets | 24.3M | 10.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 438.0M | 273.0M | 245.0M | 153.0M | 188.0M | 135.0M | 128.0M | 81.1M |
| Notes Receivable | 55.7M | 19.9M | 30.3M | 125.0M | 126.0M | 73.8M | 45.1M | 20.1M |
| Notes And Accounts Receivable | 494.0M | 293.0M | 276.0M | 279.0M | 314.0M | 209.0M | 173.0M | 101.0M |
| Prepayments | 8.7M | 3.3M | 4.8M | 5.0M | 5.4M | 2.8M | 2.0M | 1.5M |
| Inventory | 168.0M | 144.0M | 132.0M | 129.0M | 79.6M | 71.1M | 59.1M | 37.6M |
| Total Current Assets | 1.0B | 871.0M | 861.0M | 473.0M | 450.0M | 348.0M | 262.0M | 145.0M |
| Fixed Assets | -- | 130.0M | 130.0M | 121.0M | 20.6M | 15.9M | 14.3M | 9.2M |
| Fixed Assets Total | 158.0M | 130.0M | 131.0M | 121.0M | 20.6M | 15.9M | 14.3M | 9.2M |
| Construction In Progress | -- | 3.0M | 1.4M | 6.1M | 44.0M | 10.2M | -- | -- |
| Construction In Progress Total | 2.6M | 3.0M | 1.4M | 6.1M | 44.0M | 10.2M | -- | -- |
| Intangible Assets | 25.0M | 10.4M | 10.7M | 11.1M | 11.4M | 10.0M | 634,400 | 208,800 |
| Long Term Deferred Expenses | 15.2M | 1.7M | 593,200 | 478,100 | 513,200 | 983,500 | 1.2M | 16,900 |
| Total Non Current Assets | 391.0M | 161.0M | 159.0M | 149.0M | 84.1M | 42.0M | 19.0M | 11.3M |
| Total Assets | 1.4B | 1.0B | 1.0B | 622.0M | 534.0M | 390.0M | 281.0M | 156.0M |
| Short Term Borrowings | 3.5M | -- | 2.0M | 76.3M | 68.6M | 45.0M | 8.4M | 3.0M |
| Accounts Payable | 102.0M | 72.9M | 63.1M | 75.2M | 84.3M | 47.0M | 45.2M | 22.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 900,000 | 532,600 | 377,900 |
| Contract Liabilities | 7.0M | 557,800 | 956,200 | 408,500 | 708,900 | -- | -- | -- |
| Total Current Liabilities | 243.0M | 97.7M | 104.0M | 205.0M | 179.0M | 128.0M | 86.2M | 69.3M |
| Long Term Borrowings | 19.0M | -- | -- | 36.6M | 36.6M | -- | -- | -- |
| Total Non Current Liabilities | 82.4M | 1.9M | 590,900 | 38.0M | 36.6M | -- | -- | -- |
| Total Liabilities | 326.0M | 99.6M | 104.0M | 243.0M | 215.0M | 128.0M | 86.2M | 69.3M |
| Paid In Capital | 120.0M | 120.0M | 120.0M | 90.0M | 90.0M | 85.2M | 76.3M | 44.9M |
| Capital Reserve | 640.0M | 640.0M | 640.0M | 179.0M | 179.0M | 111.0M | 49.5M | 9.0M |
| Surplus Reserve | 14.9M | 14.9M | 14.3M | 14.3M | 8.6M | 13.3M | 8.5M | 3.9M |
| Retained Earnings | 204.0M | 158.0M | 142.0M | 95.9M | 42.0M | 53.1M | 60.7M | 28.8M |
| Minority Equity | 129.0M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 979.0M | 933.0M | 916.0M | 378.0M | 319.0M | 262.0M | 195.0M | 86.6M |
| Total Equity | 1.1B | 933.0M | 916.0M | 378.0M | 319.0M | 262.0M | 195.0M | 86.6M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 541.0M | 302.0M | 221.0M | 348.0M | 305.0M | 254.0M | 170.0M | 59.8M |
| Tax Refunds Received | 2.7M | 1.1M | 2.5M | 5.9M | 24,400 | -- | -- | -- |
| Total Operating Cash Inflow | 557.0M | 310.0M | 232.0M | 366.0M | 310.0M | 257.0M | 172.0M | 60.9M |
| Cash Paid For Goods | 249.0M | 163.0M | 120.0M | 238.0M | 185.0M | 155.0M | 131.0M | 37.9M |
| Cash Paid To Employees | 120.0M | 62.4M | 51.8M | 60.8M | 42.4M | 40.0M | 28.0M | 13.7M |
| Taxes Paid | 45.8M | 26.0M | 17.4M | 24.1M | 44.9M | 24.3M | 15.6M | 8.0M |
| Total Operating Cash Outflow | 479.0M | 278.0M | 214.0M | 346.0M | 303.0M | 252.0M | 194.0M | 67.0M |
| Operating Cash Flow | 78.4M | 32.5M | 17.8M | 20.0M | 6.8M | 5.4M | -21.7M | -6.1M |
| Total Investing Cash Inflow | 26.3M | 334.0M | 822,400 | 30,700 | 1.5M | 1.7M | 310,500 | 10.3M |
| Total Investing Cash Outflow | 155.0M | 369.0M | 28.6M | 51.2M | 54.2M | 28.8M | 9.9M | 4.8M |
| Investing Cash Flow | -128.0M | -35.1M | -27.8M | -51.2M | -52.7M | -27.0M | -9.5M | 5.4M |
| Cash From Borrowings | 103.0M | -- | 23.2M | 63.0M | 70.6M | 24.0M | 11.5M | 10.6M |
| Dividends And Interest Paid | 51.9M | 20.4M | 4.6M | 6.9M | 23.2M | 52.8M | 10.7M | 649,300 |
| Debt Repayments | 84.5M | -- | 113.0M | 44.0M | 20.0M | 12.0M | 14.1M | 10.0M |
| Total Financing Cash Inflow | 104.0M | 199,600 | 543.0M | 85.2M | 70.6M | 97.5M | 77.9M | 10.6M |
| Total Financing Cash Outflow | 146.0M | 22.2M | 133.0M | 55.8M | 48.2M | 65.0M | 24.9M | 10.6M |
| Financing Cash Flow | -42.7M | -22.0M | 410.0M | 29.4M | 22.4M | 32.5M | 53.0M | -6,332 |
| Net Change In Cash | -92.7M | -24.6M | 401.0M | -1.8M | -23.5M | 10.9M | 21.8M | -643,200 |
| Ending Cash Balance | 294.0M | 386.0M | 411.0M | 10.2M | 12.0M | 35.5M | 24.7M | 2.9M |
| Capex | 18.2M | 27.1M | 28.6M | 51.2M | 54.2M | 28.8M | 9.9M | 4.8M |