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 | 3.3B | 2.8B | 2.0B | 1.2B | 819.0M | 602.0M | 553.0M | 661.0M | 461.0M | 439.0M | 466.0M | 426.0M |
| Revenue Growth % | 18.6% | 37.3% | 62.3% | 51.3% | 36.0% | 8.9% | -16.3% | 43.4% | 5.0% | -5.8% | 9.4% | -- |
| Total Revenue | 3.3B | 2.8B | 2.0B | 1.2B | 819.0M | 602.0M | 553.0M | 661.0M | 461.0M | 439.0M | 466.0M | 426.0M |
| Cost Of Revenue | 3.1B | 2.5B | 1.8B | 1.1B | 657.0M | 494.0M | 474.0M | 553.0M | 338.0M | 285.0M | 297.0M | 267.0M |
| Gross Profit | 193.0M | 310.0M | 226.0M | 168.0M | 162.0M | 108.0M | 79.0M | 108.0M | 123.0M | 154.0M | 169.0M | 159.0M |
| Gross Margin % | 5.9% | 11.2% | 11.2% | 13.6% | 19.8% | 17.9% | 14.3% | 16.3% | 26.7% | 35.1% | 36.3% | 37.3% |
| Total Operating Cost | 3.3B | 2.6B | 1.9B | 1.2B | 732.0M | 544.0M | 520.0M | 622.0M | 383.0M | 338.0M | 343.0M | 309.0M |
| Selling Expenses | 5.6M | 7.9M | 6.5M | 4.6M | 9.0M | 8.1M | 7.3M | 8.0M | 6.6M | 5.4M | 4.1M | 3.9M |
| Admin Expenses | 25.0M | 28.9M | 18.6M | 11.9M | 11.3M | 13.8M | 14.7M | 19.3M | 35.5M | 31.9M | 31.7M | 27.8M |
| Rd Expenses | 70.7M | 67.9M | 63.5M | 38.1M | 25.7M | 18.4M | 23.0M | 23.2M | -- | -- | -- | -- |
| Finance Expenses | 20.4M | 19.4M | 4.7M | 14.1M | 19.5M | 1.8M | 625,300 | 9.5M | 364,500 | 615,200 | 2.3M | 6.1M |
| Operating Income | 36.8M | 175.0M | 117.0M | 87.4M | 92.4M | 57.4M | 37.3M | 41.8M | 80.2M | 102.0M | 124.0M | 119.0M |
| Operating Margin % | 1.1% | 6.3% | 5.8% | 7.1% | 11.3% | 9.5% | 6.7% | 6.3% | 17.4% | 23.2% | 26.6% | 27.9% |
| Non Operating Income | 4.7M | 3.4M | 908,800 | 2.5M | 625,400 | 307,800 | 1.4M | 661,100 | 2.0M | 6.3M | 6.0M | 4.2M |
| Non Operating Expenses | 370,000 | 1.1M | 262,500 | 128,600 | 375,500 | 300,700 | 28,000 | 70,000 | 523,900 | 1.6M | 824,800 | 164,000 |
| Investment Income | -96,000 | 4.5M | 1.7M | 544,000 | -1.2M | -1.3M | -142,400 | 2.1M | 1.9M | 1.1M | 1.7M | 1.6M |
| Fair Value Change Income | -2.8M | 137,300 | 1.0M | 1.3M | 208,800 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -8,300 | -68,000 | 113,500 | 56,400 | 5.7M | 51,400 | 3.9M | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 4.3M | 504,300 | 403,200 | 228,200 | 2.3M | 517,500 | -1.1M | 6.4M | -367,700 | 12.3M | 4.4M | 1.7M |
| Other Income | 27.3M | 7.3M | 1.6M | 128,300 | 922,200 | 600,000 | 823,500 | 76,400 | -- | -- | -- | -- |
| Income Before Tax | 41.1M | 177.0M | 117.0M | 89.8M | 92.6M | 57.4M | 38.7M | 42.4M | 81.7M | 107.0M | 130.0M | 123.0M |
| Income Tax | 2.5M | 26.0M | 16.8M | 12.5M | 13.6M | 8.4M | 5.4M | 6.2M | 11.8M | 14.9M | 18.2M | 18.2M |
| Net Income | 38.6M | 151.0M | 100.0M | 77.3M | 79.0M | 49.0M | 33.3M | 36.1M | 69.8M | 91.7M | 111.0M | 104.0M |
| Net Margin % | 1.2% | 5.5% | 5.0% | 6.2% | 9.7% | 8.1% | 6.0% | 5.5% | 15.1% | 20.9% | 23.8% | 24.4% |
| Net Income Attributable | 38.6M | 151.0M | 100.0M | 77.3M | 79.0M | 49.0M | 33.3M | 36.1M | 69.8M | 91.7M | 107.0M | 99.6M |
| Minority Interest | 21,300 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.1M | 4.9M |
| Eps Basic | 0.37 | 1.46 | 1.10 | 0.99 | 1.07 | 0.71 | 0.48 | 0.52 | 1.00 | 1.57 | 1.95 | 4.98 |
| Eps Diluted | 0.37 | 1.44 | 1.10 | 0.99 | 1.07 | 0.71 | 0.48 | 0.52 | -- | -- | -- | -- |
| 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 | 342.0M | 910.0M | 275.0M | 137.0M | 221.0M | 238.0M | 137.0M | 114.0M | 145.0M | 25.8M | 7.3M | 17.8M |
| Trading Financial Assets | 450.0M | 184.0M | 368.0M | 87.7M | 208,800 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.2B | 839.0M | 549.0M | 342.0M | 243.0M | 159.0M | 150.0M | 199.0M | 175.0M | 214.0M | 136.0M | 128.0M |
| Notes Receivable | 499.0M | 546.0M | 453.0M | 317.0M | 261.0M | 192.0M | 244.0M | 301.0M | 148.0M | 80.7M | 106.0M | 121.0M |
| Notes And Accounts Receivable | 1.7B | 1.4B | 1.0B | 658.0M | 504.0M | 351.0M | 393.0M | 500.0M | 324.0M | 295.0M | 242.0M | 249.0M |
| Prepayments | 243,100 | 721,500 | 1.5M | 168,600 | 403,400 | 264,500 | 611,900 | 462,600 | 515,600 | 956,100 | 258,300 | 1.6M |
| Inventory | 216.0M | 188.0M | 129.0M | 125.0M | 89.4M | 53.6M | 52.3M | 50.3M | 48.4M | 29.7M | 40.8M | 50.5M |
| Total Current Assets | 2.9B | 2.8B | 2.0B | 1.1B | 819.0M | 646.0M | 605.0M | 666.0M | 521.0M | 455.0M | 308.0M | 341.0M |
| Long Term Equity Investment | -- | 3.3M | 4.8M | 5.0M | 5.9M | 8.4M | 10.0M | 7.7M | -- | -- | -- | -- |
| Fixed Assets | -- | 214.0M | 165.0M | 119.0M | 65.8M | 72.2M | 72.7M | 76.7M | 78.3M | 74.7M | 78.3M | 29.9M |
| Fixed Assets Total | 320.0M | 214.0M | 165.0M | 119.0M | 65.8M | 72.2M | 72.7M | 76.7M | 78.3M | 74.7M | 78.3M | 29.9M |
| Construction In Progress | -- | 36.9M | 27.3M | 30.5M | 50.1M | 10.0M | 475,800 | 6,800 | 123,900 | 2.1M | -- | 24.4M |
| Construction In Progress Total | 118.0M | 36.9M | 27.3M | 30.5M | 50.1M | 10.0M | 475,800 | 6,800 | 123,900 | 2.1M | -- | 24.7M |
| Intangible Assets | 18.2M | 23.0M | 12.9M | 13.2M | 13.5M | 13.8M | 14.4M | 14.6M | 6.2M | 5.7M | 5.5M | 5.7M |
| Long Term Deferred Expenses | -- | -- | -- | -- | -- | -- | -- | -- | 19,300 | 62,600 | 107,700 | 757,500 |
| Total Non Current Assets | 512.0M | 289.0M | 227.0M | 175.0M | 140.0M | 110.0M | 102.0M | 104.0M | 89.0M | 85.9M | 85.5M | 62.1M |
| Total Assets | 3.4B | 3.1B | 2.2B | 1.2B | 960.0M | 756.0M | 708.0M | 770.0M | 610.0M | 541.0M | 393.0M | 403.0M |
| Short Term Borrowings | 573.0M | 551.0M | 331.0M | 316.0M | 178.0M | 162.0M | 151.0M | 169.0M | 56.9M | 47.0M | 20.0M | 27.4M |
| Accounts Payable | 288.0M | 136.0M | 75.8M | 66.0M | 75.7M | 46.7M | 32.8M | 59.6M | 71.0M | 33.5M | 45.7M | 62.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.7M | 276,000 | 529,400 | 224,000 | 888,300 | 107,900 | 5.1M |
| Contract Liabilities | 14.5M | 1.9M | 4.5M | 1.1M | 2.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.4B | 1.1B | 746.0M | 555.0M | 355.0M | 268.0M | 240.0M | 286.0M | 157.0M | 109.0M | 88.6M | 109.0M |
| Long Term Borrowings | 27.0M | 8.4M | 55.9M | 13.0M | 13.8M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 262.0M | 406.0M | 56.1M | 13.2M | 13.8M | -- | -- | -- | -- | -- | -- | 1.6M |
| Total Liabilities | 1.6B | 1.5B | 802.0M | 568.0M | 368.0M | 268.0M | 240.0M | 286.0M | 157.0M | 109.0M | 88.6M | 111.0M |
| Paid In Capital | 110.0M | 104.0M | 104.0M | 78.0M | 78.0M | 69.5M | 69.5M | 69.5M | 69.5M | 69.5M | 20.0M | 20.0M |
| Capital Reserve | 1.1B | 883.0M | 880.0M | 294.0M | 294.0M | 229.0M | 229.0M | 229.0M | 229.0M | 229.0M | -- | -- |
| Surplus Reserve | 54.9M | 52.0M | 49.0M | 39.0M | 39.0M | 34.8M | 31.9M | 26.9M | 24.1M | 15.2M | 10.0M | 10.0M |
| Retained Earnings | 486.0M | 478.0M | 348.0M | 258.0M | 181.0M | 156.0M | 137.0M | 159.0M | 131.0M | 119.0M | 275.0M | 255.0M |
| Minority Equity | 521,300 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8.2M |
| Equity Attributable | 1.8B | 1.6B | 1.4B | 669.0M | 591.0M | 489.0M | 467.0M | 484.0M | 453.0M | 432.0M | 305.0M | 285.0M |
| Total Equity | 1.8B | 1.6B | 1.4B | 669.0M | 591.0M | 489.0M | 467.0M | 484.0M | 453.0M | 432.0M | 305.0M | 293.0M |
| 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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.0B | 2.3B | 1.2B | 819.0M | 501.0M | 632.0M | 591.0M | 423.0M | 335.0M | 317.0M | 435.0M | 333.0M |
| Tax Refunds Received | 6.8M | 14.9M | 18.7M | 8.0M | 9.1M | 4.2M | 5.5M | 909,700 | 639,000 | -- | 47,300 | -- |
| Total Operating Cash Inflow | 2.1B | 2.3B | 1.2B | 830.0M | 515.0M | 648.0M | 600.0M | 427.0M | 338.0M | 324.0M | 443.0M | 338.0M |
| Cash Paid For Goods | 2.2B | 2.3B | 1.4B | 849.0M | 473.0M | 464.0M | 409.0M | 444.0M | 197.0M | 179.0M | 236.0M | 215.0M |
| Cash Paid To Employees | 74.9M | 74.2M | 52.2M | 40.6M | 30.5M | 29.6M | 32.3M | 34.5M | 30.0M | 24.4M | 22.8M | 21.5M |
| Taxes Paid | 19.5M | 39.1M | 21.3M | 20.6M | 20.7M | 14.1M | 13.8M | 23.7M | 35.0M | 47.2M | 53.4M | 39.5M |
| Total Operating Cash Outflow | 2.4B | 2.5B | 1.6B | 949.0M | 561.0M | 534.0M | 488.0M | 530.0M | 277.0M | 274.0M | 341.0M | 295.0M |
| Operating Cash Flow | -330.0M | -202.0M | -339.0M | -119.0M | -46.2M | 113.0M | 111.0M | -103.0M | 61.4M | 50.8M | 102.0M | 43.1M |
| Total Investing Cash Inflow | 2.7B | 1.9B | 629.0M | 639.0M | 176.0M | 194.0M | 343.0M | 1.0B | 617.0M | 311.0M | 276.0M | 203.0M |
| Total Investing Cash Outflow | 3.0B | 1.7B | 961.0M | 750.0M | 189.0M | 188.0M | 368.0M | 1.1B | 523.0M | 404.0M | 296.0M | 220.0M |
| Investing Cash Flow | -355.0M | 151.0M | -332.0M | -111.0M | -13.3M | 6.4M | -25.1M | -26.0M | 94.7M | -92.5M | -19.8M | -16.8M |
| Cash From Borrowings | 753.0M | 621.0M | 656.0M | 359.0M | 243.0M | 179.0M | 171.0M | 197.0M | 70.4M | 85.0M | 56.9M | 77.1M |
| Dividends And Interest Paid | 45.8M | 42.3M | 18.5M | 12.5M | 57.8M | 35.1M | 57.2M | 5.7M | 51.5M | 52.6M | 89.7M | 53.0M |
| Debt Repayments | 621.0M | 369.0M | 472.0M | 197.0M | 208.0M | 159.0M | 189.0M | 84.4M | 60.5M | 58.0M | 64.3M | 70.7M |
| Total Financing Cash Inflow | 755.0M | 1.1B | 1.3B | 359.0M | 317.0M | 179.0M | 171.0M | 197.0M | 74.4M | 170.0M | 56.9M | 77.1M |
| Total Financing Cash Outflow | 667.0M | 413.0M | 509.0M | 213.0M | 268.0M | 194.0M | 246.0M | 92.3M | 114.0M | 111.0M | 154.0M | 124.0M |
| Financing Cash Flow | 88.2M | 705.0M | 781.0M | 146.0M | 48.8M | -14.6M | -75.3M | 104.0M | -39.3M | 58.9M | -97.1M | -46.6M |
| Net Change In Cash | -593.0M | 653.0M | 116.0M | -84.3M | -23.9M | 108.0M | 16.7M | -29.0M | 119.0M | 17.4M | -14.6M | -20.3M |
| Ending Cash Balance | 302.0M | 895.0M | 242.0M | 126.0M | 210.0M | 234.0M | 126.0M | 109.0M | 138.0M | 19.9M | 2.5M | 17.0M |
| Capex | 85.4M | 40.9M | 54.4M | 25.8M | 25.4M | 14.2M | 11.6M | 20.4M | 6.5M | 6.8M | 16.0M | 17.9M |