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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 366.0M | 403.0M | 428.0M | 363.0M | 268.0M | 236.0M | 320.0M | 252.0M | 201.0M | 163.0M | 140.0M |
| Revenue Growth % | -9.2% | -5.8% | 17.9% | 35.4% | 13.6% | -26.2% | 27.0% | 25.4% | 23.3% | 16.4% | -- |
| Total Revenue | 366.0M | 403.0M | 428.0M | 363.0M | 268.0M | 236.0M | 320.0M | 252.0M | 201.0M | 163.0M | 140.0M |
| Cost Of Revenue | 310.0M | 297.0M | 289.0M | 230.0M | 155.0M | 131.0M | 183.0M | 142.0M | 135.0M | 122.0M | 107.0M |
| Gross Profit | 56.0M | 106.0M | 139.0M | 133.0M | 113.0M | 105.0M | 137.0M | 110.0M | 66.0M | 41.0M | 33.0M |
| Gross Margin % | 15.3% | 26.3% | 32.5% | 36.6% | 42.2% | 44.5% | 42.8% | 43.7% | 32.8% | 25.2% | 23.6% |
| Total Operating Cost | 383.0M | 367.0M | 369.0M | 293.0M | 199.0M | 175.0M | 239.0M | 208.0M | 175.0M | 150.0M | 128.0M |
| Selling Expenses | 22.8M | 23.9M | 23.1M | 17.8M | 12.8M | 17.9M | 19.9M | 18.5M | 8.4M | 4.8M | 3.8M |
| Admin Expenses | 25.4M | 28.7M | 35.8M | 24.0M | 18.1M | 17.9M | 18.2M | 30.0M | 20.4M | 15.4M | 11.6M |
| Rd Expenses | 10.7M | 12.3M | 11.7M | 10.0M | 8.1M | 8.9M | 10.5M | 8.4M | -- | -- | -- |
| Finance Expenses | 4.0M | 342,500 | -211,000 | 1.2M | -176,200 | 951,300 | 1.6M | 3.3M | 3.2M | 3.8M | 4.2M |
| Operating Income | -9.9M | 44.8M | 69.4M | 71.6M | 69.2M | 61.7M | 82.3M | 46.5M | 26.3M | 13.0M | 11.9M |
| Operating Margin % | -2.7% | 11.1% | 16.2% | 19.7% | 25.8% | 26.1% | 25.7% | 18.4% | 13.1% | 8.0% | 8.5% |
| Non Operating Income | 33,800 | 116,300 | 9.2M | 2.2M | 3.1M | 4.3M | 1.0M | 1.3M | 1.1M | 209,900 | 119,000 |
| Non Operating Expenses | 93,800 | 128,100 | 164,100 | 8,000 | 55,000 | 2.2M | 4.0M | 44,100 | 234,200 | 296,300 | 436,500 |
| Investment Income | 3.0M | 4.5M | 5.4M | 10,900 | -- | 217,600 | 430,200 | 194,000 | 111,300 | -75,500 | -- |
| Fair Value Change Income | 94,500 | 10,100 | 3.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -29,700 | 370,200 | -- | 277,800 | -- | 64,900 | -- | 874,200 | -- | -- | -- |
| Asset Impairment Loss | 7.9M | 1.2M | 1.1M | 1.8M | 659,400 | 26,300 | 3.1M | 3.2M | 5.6M | 3.1M | 1.0M |
| Other Income | 3.9M | 4.1M | 1.4M | 1.1M | 860,800 | 622,700 | 843,100 | 887,900 | -- | -- | -- |
| Income Before Tax | -9.9M | 44.8M | 78.4M | 73.8M | 72.3M | 63.7M | 79.3M | 47.7M | 27.2M | 12.9M | 11.5M |
| Income Tax | 2.0M | 8.7M | 12.6M | 13.1M | 13.5M | 10.8M | 13.2M | 10.5M | 6.0M | 4.0M | 3.4M |
| Net Income | -11.9M | 36.1M | 65.8M | 60.7M | 58.8M | 52.9M | 66.1M | 37.3M | 21.2M | 8.8M | 8.1M |
| Net Margin % | -3.2% | 9.0% | 15.4% | 16.7% | 21.9% | 22.4% | 20.6% | 14.8% | 10.5% | 5.4% | 5.8% |
| Net Income Attributable | -11.8M | 36.1M | 65.8M | 60.7M | 58.8M | 52.9M | 66.1M | 37.3M | 21.2M | 8.8M | 8.1M |
| Minority Interest | -51,800 | -17,400 | 7,700 | -- | -- | -- | -- | -- | -- | -5,600 | 2.00 |
| Eps Basic | -0.07 | 0.21 | 0.39 | 0.61 | 0.78 | 0.71 | 0.92 | 1.19 | 1.20 | 1.42 | 1.30 |
| Eps Diluted | -0.07 | 0.21 | 0.39 | 0.61 | 0.78 | -- | -- | -- | 1.20 | 1.42 | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 319.0M | 256.0M | 321.0M | 507.0M | 47.0M | 44.0M | 51.2M | 6.7M | 9.7M | 19.3M | 8.2M |
| Trading Financial Assets | 30.1M | 100.0M | 103.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 202.0M | 253.0M | 237.0M | 187.0M | 129.0M | 92.4M | 146.0M | 103.0M | 58.2M | 25.0M | 25.4M |
| Notes Receivable | 18.3M | 10.3M | -- | -- | -- | -- | 4.6M | 4.2M | 430,000 | -- | 360,000 |
| Notes And Accounts Receivable | 221.0M | 264.0M | 237.0M | 187.0M | 129.0M | 92.4M | 151.0M | 107.0M | 58.6M | 25.0M | 25.8M |
| Prepayments | 8.9M | 4.7M | 9.1M | 3.8M | 2.5M | 3.0M | 2.7M | 3.7M | 3.5M | 1.1M | 3.8M |
| Inventory | 92.6M | 111.0M | 88.9M | 69.7M | 48.3M | 50.2M | 59.4M | 50.7M | 36.8M | 22.6M | 26.7M |
| Total Current Assets | 696.0M | 782.0M | 770.0M | 780.0M | 239.0M | 212.0M | 277.0M | 181.0M | 116.0M | 72.9M | 76.5M |
| Long Term Equity Investment | 21.8M | 20.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 145.0M | 150.0M | 129.0M | 106.0M | -- | -- | -- | 30.8M | 27.0M | 17.6M |
| Fixed Assets Total | 289.0M | 145.0M | 150.0M | 129.0M | 106.0M | 56.6M | 52.0M | 41.0M | 30.8M | 27.0M | 17.6M |
| Construction In Progress | -- | 161.0M | 61.2M | 8.4M | 9.3M | -- | -- | -- | 5.5M | -- | 10.7M |
| Construction In Progress Total | 114.0M | 161.0M | 61.2M | 8.4M | 9.3M | 27.3M | 11.4M | 5.0M | 5.5M | -- | 10.7M |
| Intangible Assets | 56.4M | 54.4M | 55.6M | 46.9M | 48.2M | 37.4M | 38.5M | 7.4M | 4.9M | 3.5M | 3.6M |
| Long Term Deferred Expenses | 131.0M | 118.0M | 74.6M | 40.3M | 28.8M | 37.2M | 43.1M | 21.3M | 320,700 | 141,900 | 98,200 |
| Total Non Current Assets | 625.0M | 512.0M | 354.0M | 240.0M | 199.0M | 163.0M | 152.0M | 77.8M | 46.3M | 40.0M | 37.2M |
| Total Assets | 1.3B | 1.3B | 1.1B | 1.0B | 438.0M | 375.0M | 429.0M | 259.0M | 162.0M | 113.0M | 114.0M |
| Short Term Borrowings | 212.0M | 180.0M | 80.1M | 28.0M | 5.0M | 23.0M | 37.0M | 58.5M | 51.7M | 55.0M | 60.7M |
| Accounts Payable | 92.6M | 107.0M | 64.5M | 43.8M | 45.1M | 25.9M | 50.1M | 32.7M | 22.1M | 13.2M | 13.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 602,300 | 1.3M | 1.4M | 1.4M | 2.6M | 1.5M |
| Contract Liabilities | 555,400 | 529,800 | 1.4M | 464,000 | 719,300 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 395.0M | 334.0M | 173.0M | 104.0M | 73.9M | 67.7M | 139.0M | 125.0M | 93.2M | 98.9M | 95.8M |
| Total Non Current Liabilities | 6.9M | 6.4M | 4.9M | 11.6M | 3.7M | 6.2M | 9.9M | 4.9M | -- | -- | -- |
| Total Liabilities | 402.0M | 340.0M | 178.0M | 116.0M | 77.6M | 73.9M | 149.0M | 130.0M | 93.2M | 98.9M | 95.8M |
| Paid In Capital | 169.0M | 169.0M | 130.0M | 100.0M | 75.0M | 75.0M | 62.5M | 51.0M | 26.1M | 9.4M | 6.2M |
| Capital Reserve | 508.0M | 511.0M | 552.0M | 577.0M | 119.0M | 119.0M | 131.0M | 40.9M | 22.1M | 2.0M | 3.8M |
| Surplus Reserve | 34.1M | 33.7M | 31.3M | 25.9M | 21.8M | 18.1M | 14.1M | 7.1M | 2.2M | 2.8M | 1.4M |
| Retained Earnings | 207.0M | 240.0M | 232.0M | 202.0M | 145.0M | 90.0M | 72.2M | 29.2M | 18.7M | -137,700 | -3.0M |
| Minority Equity | 288,400 | 340,200 | 357,700 | -- | -- | -- | -- | -- | -- | -- | 9.5M |
| Equity Attributable | 919.0M | 954.0M | 946.0M | 905.0M | 360.0M | 302.0M | 280.0M | 128.0M | 69.0M | 14.0M | 8.4M |
| Total Equity | 919.0M | 954.0M | 946.0M | 905.0M | 360.0M | 302.0M | 280.0M | 128.0M | 69.0M | 14.0M | 17.9M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 536.0M | 443.0M | 416.0M | 347.0M | 269.0M | 317.0M | 330.0M | 278.0M | 185.0M | 193.0M | 162.0M |
| Tax Refunds Received | -- | -- | -- | -- | 183,700 | 400.00 | -- | -- | 300.00 | -- | -- |
| Total Operating Cash Inflow | 540.0M | 445.0M | 426.0M | 349.0M | 273.0M | 322.0M | 332.0M | 280.0M | 188.0M | 193.0M | 163.0M |
| Cash Paid For Goods | 365.0M | 351.0M | 335.0M | 270.0M | 134.0M | 151.0M | 212.0M | 183.0M | 144.0M | 125.0M | 96.7M |
| Cash Paid To Employees | 55.8M | 58.3M | 61.4M | 42.8M | 29.9M | 30.9M | 28.1M | 20.1M | 11.4M | 11.7M | 9.1M |
| Taxes Paid | 9.0M | 25.5M | 20.1M | 30.1M | 13.2M | 36.8M | 41.2M | 26.7M | 18.1M | 16.6M | 8.3M |
| Total Operating Cash Outflow | 445.0M | 455.0M | 445.0M | 366.0M | 193.0M | 244.0M | 315.0M | 254.0M | 192.0M | 170.0M | 124.0M |
| Operating Cash Flow | 94.6M | -10.1M | -18.2M | -17.2M | 79.7M | 77.4M | 16.8M | 25.8M | -3.6M | 23.5M | 39.0M |
| Total Investing Cash Inflow | 326.0M | 431.0M | 324.0M | 10.5M | 878,700 | 76.9M | 365.0M | 369.0M | 184.0M | 31.5M | 22.9M |
| Total Investing Cash Outflow | 319.0M | 610.0M | 501.0M | 48.4M | 53.4M | 97.4M | 400.0M | 377.0M | 205.0M | 14.5M | 44.6M |
| Investing Cash Flow | 7.6M | -179.0M | -176.0M | -37.9M | -52.6M | -20.4M | -35.7M | -7.8M | -20.9M | 17.0M | -21.7M |
| Cash From Borrowings | 236.0M | 276.0M | 136.0M | 77.7M | 14.9M | 39.8M | 112.0M | 139.0M | 111.0M | 104.0M | 178.0M |
| Dividends And Interest Paid | 26.6M | 30.0M | 31.8M | 1.2M | 493,800 | 45.1M | 3.9M | 39.4M | 5.1M | 6.5M | 4.1M |
| Debt Repayments | 205.0M | 156.0M | 94.2M | 44.7M | 32.9M | 53.8M | 133.0M | 132.0M | 110.0M | 113.0M | 177.0M |
| Total Financing Cash Inflow | 238.0M | 276.0M | 136.0M | 584.0M | 14.9M | 42.5M | 214.0M | 199.0M | 193.0M | 128.0M | 189.0M |
| Total Financing Cash Outflow | 234.0M | 191.0M | 131.0M | 67.3M | 40.3M | 109.0M | 150.0M | 220.0M | 178.0M | 157.0M | 208.0M |
| Financing Cash Flow | 3.9M | 84.8M | 5.6M | 517.0M | -25.4M | -66.0M | 63.2M | -21.0M | 15.1M | -29.3M | -19.0M |
| Net Change In Cash | 105.0M | -105.0M | -189.0M | 462.0M | 1.8M | -9.0M | 44.3M | -3.0M | -9.5M | 11.3M | -1.7M |
| Ending Cash Balance | 317.0M | 212.0M | 316.0M | 505.0M | 43.8M | 42.0M | 51.0M | 6.7M | 9.7M | 19.3M | 8.0M |
| Capex | 139.0M | 102.0M | 84.6M | 38.4M | 53.4M | 28.0M | 54.0M | 16.0M | 12.3M | 6.4M | 9.1M |