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 | 1.7B | 1.6B | 1.2B | 861.0M | 762.0M | 602.0M | 427.0M | 383.0M |
| Revenue Growth % | 6.6% | 34.7% | 38.1% | 13.0% | 26.6% | 41.0% | 11.5% | -- |
| Total Revenue | 1.7B | 1.6B | 1.2B | 861.0M | 762.0M | 602.0M | 427.0M | 383.0M |
| Cost Of Revenue | 1.1B | 1.0B | 734.0M | 540.0M | 510.0M | 388.0M | 279.0M | 275.0M |
| Gross Profit | 596.0M | 601.0M | 455.0M | 321.0M | 252.0M | 214.0M | 148.0M | 108.0M |
| Gross Margin % | 34.9% | 37.5% | 38.3% | 37.3% | 33.1% | 35.5% | 34.7% | 28.2% |
| Total Operating Cost | 1.6B | 1.5B | 1.1B | 770.0M | 705.0M | 534.0M | 394.0M | 366.0M |
| Selling Expenses | 168.0M | 173.0M | 112.0M | 73.4M | 56.5M | 48.3M | 35.6M | 27.9M |
| Admin Expenses | 146.0M | 148.0M | 126.0M | 78.5M | 63.5M | 49.9M | 41.7M | 33.0M |
| Rd Expenses | 57.7M | 76.7M | 54.5M | 34.2M | 28.8M | 21.8M | 18.1M | 13.7M |
| Finance Expenses | 22.5M | 7.7M | -299,700 | 8.4M | 7.5M | 2.6M | 318,200 | -19,000 |
| Operating Income | 78.5M | 123.0M | 114.0M | 92.6M | 59.6M | 69.8M | 36.0M | 22.0M |
| Operating Margin % | 4.6% | 7.7% | 9.6% | 10.8% | 7.8% | 11.6% | 8.4% | 5.8% |
| Non Operating Income | 893,300 | 617,500 | 6.6M | 4.2M | 2.3M | 66,800 | 104,100 | 31,500 |
| Non Operating Expenses | 779,600 | 2.3M | 3.5M | 2.1M | 3.4M | 357,900 | 60,400 | 191,000 |
| Investment Income | -- | 6.2M | 3.3M | -- | -- | 8,364 | 734,400 | 3.6M |
| Fair Value Change Income | 50,200 | -- | 5.5M | -- | -- | -- | -- | -- |
| Asset Disposal Income | 5.6M | 313,500 | 32,300 | 200.00 | 147,500 | 22,500 | 2,300 | 33,700 |
| Asset Impairment Loss | 5.6M | 5.1M | 3.3M | 3.4M | 6.7M | 1.4M | 17.4M | 14.2M |
| Other Income | 5.0M | 4.0M | 2.2M | 1.4M | 3.0M | 2.0M | 1.8M | 1.0M |
| Income Before Tax | 78.6M | 121.0M | 117.0M | 94.6M | 58.4M | 69.5M | 36.1M | 21.9M |
| Income Tax | 11.9M | 13.7M | 15.0M | 13.2M | 5.8M | 10.8M | 6.4M | 4.3M |
| Net Income | 66.7M | 107.0M | 102.0M | 81.4M | 52.6M | 58.7M | 29.7M | 17.6M |
| Net Margin % | 3.9% | 6.7% | 8.6% | 9.4% | 6.9% | 9.7% | 7.0% | 4.6% |
| Net Income Attributable | 66.8M | 107.0M | 102.0M | 81.4M | 52.6M | 58.7M | 29.8M | 17.6M |
| Minority Interest | -158,000 | -- | -- | -- | -- | -- | -66,800 | -- |
| Eps Basic | 0.63 | 1.02 | 0.99 | 1.03 | 0.66 | 0.74 | 0.38 | 0.22 |
| Eps Diluted | 0.64 | 1.02 | 0.99 | 1.03 | 0.66 | 0.74 | 0.38 | -- |
| 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 | 1.0B | 268.0M | 252.0M | 236.0M | 149.0M | 55.9M | 10.0M | 34.5M |
| Trading Financial Assets | 40.1M | -- | 406.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.6B | 1.4B | 1.1B | 680.0M | 470.0M | 513.0M | 360.0M | 211.0M |
| Notes Receivable | 5.7M | 23.7M | 2.1M | -- | -- | -- | 200,000 | 100,000 |
| Notes And Accounts Receivable | 1.6B | 1.4B | 1.1B | 680.0M | 470.0M | 513.0M | 360.0M | 211.0M |
| Prepayments | 16.3M | 18.3M | 15.0M | 4.9M | 7.2M | 4.8M | 7.6M | 4.4M |
| Inventory | 508.0M | 275.0M | 266.0M | 150.0M | 121.0M | 127.0M | 131.0M | 121.0M |
| Total Current Assets | 3.4B | 2.1B | 2.1B | 1.1B | 794.0M | 717.0M | 543.0M | 477.0M |
| Fixed Assets | -- | 578.0M | 40.8M | 35.3M | -- | 36.8M | 39.7M | 32.4M |
| Fixed Assets Total | 567.0M | 578.0M | 40.8M | 35.3M | 35.8M | 36.8M | 39.7M | 32.4M |
| Construction In Progress | -- | 25.3M | 41.0M | -- | -- | -- | -- | 3.4M |
| Construction In Progress Total | 49.6M | 25.3M | 41.0M | -- | -- | -- | -- | 3.4M |
| Intangible Assets | 67.8M | 67.0M | 33.2M | 19.0M | 19.1M | 19.4M | 20.0M | 19.5M |
| Long Term Deferred Expenses | 7.0M | 4.4M | 5.0M | 1.4M | 924,300 | 2.0M | 3.3M | 3.1M |
| Total Non Current Assets | 829.0M | 776.0M | 235.0M | 98.5M | 82.2M | 77.4M | 77.4M | 71.6M |
| Total Assets | 4.2B | 2.9B | 2.4B | 1.2B | 877.0M | 794.0M | 620.0M | 549.0M |
| Short Term Borrowings | 277.0M | 410.0M | -- | 113.0M | 48.0M | 50.1M | 1.0M | -- |
| Accounts Payable | 577.0M | 253.0M | 318.0M | 164.0M | 80.3M | 136.0M | 92.5M | 58.9M |
| Advance Receipts | -- | -- | -- | -- | -- | 57.9M | 86.5M | 90.2M |
| Contract Liabilities | 430.0M | 222.0M | 235.0M | 197.0M | 132.0M | -- | -- | -- |
| Total Current Liabilities | 1.5B | 1.1B | 690.0M | 616.0M | 350.0M | 319.0M | 204.0M | 162.0M |
| Long Term Borrowings | 161.0M | -- | -- | 8.5M | -- | -- | -- | -- |
| Total Non Current Liabilities | 934.0M | 50.6M | 25.3M | 30.2M | 16.1M | 16.8M | 16.6M | 16.8M |
| Total Liabilities | 2.4B | 1.1B | 716.0M | 647.0M | 366.0M | 336.0M | 221.0M | 179.0M |
| Paid In Capital | 106.0M | 106.0M | 106.0M | 79.2M | 79.2M | 79.2M | 79.0M | 79.0M |
| Capital Reserve | 1.3B | 1.3B | 1.3B | 332.0M | 332.0M | 332.0M | 300.0M | 300.0M |
| Surplus Reserve | 40.9M | 34.7M | 27.8M | 18.3M | 10.7M | 5.8M | 2.9M | 152,000 |
| Retained Earnings | 382.0M | 332.0M | 245.0M | 163.0M | 89.0M | 41.3M | 17.3M | -9.7M |
| Minority Equity | 4.8M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.8B | 1.8B | 1.7B | 592.0M | 511.0M | 458.0M | 399.0M | 370.0M |
| Total Equity | 1.8B | 1.8B | 1.7B | 592.0M | 511.0M | 458.0M | 399.0M | 370.0M |
| 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 | 1.6B | 1.4B | 786.0M | 769.0M | 876.0M | 446.0M | 294.0M | 289.0M |
| Tax Refunds Received | -- | -- | -- | 20,700 | 3.1M | -- | 85,000 | -- |
| Total Operating Cash Inflow | 1.7B | 1.5B | 845.0M | 819.0M | 894.0M | 466.0M | 325.0M | 302.0M |
| Cash Paid For Goods | 1.0B | 1.0B | 745.0M | 498.0M | 591.0M | 322.0M | 267.0M | 228.0M |
| Cash Paid To Employees | 296.0M | 278.0M | 182.0M | 126.0M | 86.4M | 68.7M | 55.4M | 44.8M |
| Taxes Paid | 83.8M | 100.0M | 85.3M | 28.8M | 45.3M | 11.6M | 6.4M | 10.3M |
| Total Operating Cash Outflow | 1.6B | 1.7B | 1.2B | 774.0M | 809.0M | 470.0M | 386.0M | 353.0M |
| Operating Cash Flow | 148.0M | -187.0M | -342.0M | 44.6M | 84.6M | -4.1M | -61.5M | -50.7M |
| Total Investing Cash Inflow | 14.0M | 412.0M | 234.0M | 55,600 | 214,600 | 7.6M | 73.3M | 136.0M |
| Total Investing Cash Outflow | 152.0M | 557.0M | 755.0M | 7.4M | 3.8M | 2.0M | 17.0M | 83.1M |
| Investing Cash Flow | -138.0M | -146.0M | -521.0M | -7.3M | -3.6M | 5.6M | 56.3M | 52.6M |
| Cash From Borrowings | 1.4B | 509.0M | -- | 161.0M | 194.0M | 57.3M | 1.0M | -- |
| Dividends And Interest Paid | 31.2M | 23.0M | 11.6M | 5.0M | 6.7M | 2.0M | 18,500 | 2,200 |
| Debt Repayments | 634.0M | 100.0M | 122.0M | 87.0M | 196.0M | 8.3M | -- | -- |
| Total Financing Cash Inflow | 1.4B | 509.0M | 953.0M | 161.0M | 219.0M | 57.3M | 1.0M | -- |
| Total Financing Cash Outflow | 680.0M | 137.0M | 146.0M | 104.0M | 236.0M | 35.8M | 493,100 | 111,500 |
| Financing Cash Flow | 763.0M | 372.0M | 808.0M | 56.7M | -17.4M | 21.6M | 506,900 | -111,500 |
| Net Change In Cash | 773.0M | 39.2M | -55.9M | 94.0M | 63.6M | 23.0M | -4.7M | 1.8M |
| Ending Cash Balance | 945.0M | 173.0M | 133.0M | 189.0M | 95.2M | 31.6M | 8.6M | 13.3M |
| Capex | 112.0M | 547.0M | 125.0M | 6.5M | 3.8M | 2.0M | 9.5M | 10.5M |