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 | 365.0M | 576.0M | 609.0M | 714.0M | 647.0M | 550.0M | 410.0M | 310.0M | 245.0M | 208.0M | 198.0M | 166.0M |
| Revenue Growth % | -36.6% | -5.4% | -14.7% | 10.4% | 17.6% | 34.1% | 32.3% | 26.5% | 17.8% | 5.1% | 19.3% | -- |
| Total Revenue | 365.0M | 576.0M | 609.0M | 714.0M | 647.0M | 550.0M | 410.0M | 310.0M | 245.0M | 208.0M | 198.0M | 166.0M |
| Cost Of Revenue | 291.0M | 358.0M | 377.0M | 440.0M | 404.0M | 337.0M | 244.0M | 181.0M | 149.0M | 118.0M | 115.0M | 103.0M |
| Gross Profit | 74.0M | 218.0M | 232.0M | 274.0M | 243.0M | 213.0M | 166.0M | 129.0M | 96.0M | 90.0M | 83.0M | 63.0M |
| Gross Margin % | 20.3% | 37.8% | 38.1% | 38.4% | 37.6% | 38.7% | 40.5% | 41.6% | 39.2% | 43.3% | 41.9% | 38.0% |
| Total Operating Cost | 564.0M | 578.0M | 600.0M | 640.0M | 581.0M | 496.0M | 376.0M | 284.0M | 235.0M | 182.0M | 175.0M | 156.0M |
| Selling Expenses | 106.0M | 82.2M | 73.9M | 71.5M | 67.5M | 65.5M | 53.9M | 40.8M | 30.7M | 24.1M | 24.5M | 22.1M |
| Admin Expenses | 64.5M | 50.7M | 47.7M | 50.6M | 40.8M | 39.6M | 29.1M | 22.7M | 43.0M | 31.3M | 27.3M | 27.0M |
| Rd Expenses | 33.4M | 34.9M | 34.4M | 36.9M | 34.5M | 32.8M | 26.2M | 19.7M | -- | -- | -- | -- |
| Finance Expenses | 1.6M | -1.7M | -1.4M | 226,000 | 288,200 | -1.0M | -1.6M | -997,000 | -954,000 | 410,400 | -14,700 | -207,800 |
| Operating Income | -194.0M | 10.0M | 13.1M | 79.7M | 73.4M | 60.8M | 39.3M | 29.0M | 10.5M | 26.1M | 22.6M | 9.9M |
| Operating Margin % | -53.2% | 1.7% | 2.1% | 11.2% | 11.4% | 11.1% | 9.6% | 9.4% | 4.3% | 12.5% | 11.4% | 6.0% |
| Non Operating Income | 875,500 | 302,700 | 3.7M | 1.9M | 1.6M | 1.8M | 1.6M | 3.2M | 7.9M | 2.9M | 3.7M | 3.9M |
| Non Operating Expenses | 920,300 | 552,100 | 259,700 | 804,100 | 701,100 | 312,900 | 390,400 | 474,900 | 1.4M | 247,000 | 1.6M | 209,300 |
| Investment Income | 5.3M | 6.6M | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -3.7M | 228,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 809,000 | 924,200 | -64,500 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 21.0M | 6.2M | 24.9M | 17.5M | 13.0M | 36,800 | 23.0M | 19.8M | 11.6M | 7.3M | 7.4M | 2.7M |
| Other Income | 2.2M | 5.0M | 3.5M | 5.6M | 7.6M | 6.6M | 4.8M | 2.9M | 600,000 | -- | -- | -- |
| Income Before Tax | -194.0M | 9.7M | 16.5M | 80.7M | 74.3M | 62.4M | 40.5M | 31.7M | 17.0M | 28.7M | 24.7M | 13.6M |
| Income Tax | -5.2M | 827,100 | 2.7M | 11.4M | 11.2M | 9.7M | 4.7M | 4.5M | 2.3M | 4.4M | 3.8M | 1.9M |
| Net Income | -189.0M | 8.9M | 13.8M | 69.3M | 63.1M | 52.7M | 35.8M | 27.2M | 14.7M | 24.3M | 20.9M | 11.8M |
| Net Margin % | -51.8% | 1.5% | 2.3% | 9.7% | 9.8% | 9.6% | 8.7% | 8.8% | 6.0% | 11.7% | 10.6% | 7.1% |
| Net Income Attributable | -187.0M | 10.5M | 18.3M | 70.5M | 65.4M | 53.0M | 35.9M | 28.9M | 14.9M | 24.3M | 20.9M | 11.8M |
| Minority Interest | -1.4M | -1.6M | -4.5M | -1.2M | -2.3M | -274,100 | -91,000 | -1.7M | -206,000 | -- | -- | -- |
| Eps Basic | -1.79 | 0.10 | 0.22 | 0.92 | 0.85 | 0.70 | 0.48 | 0.39 | 0.22 | 0.40 | 0.35 | 0.92 |
| Eps Diluted | -1.79 | 0.10 | 0.22 | 0.92 | 0.85 | 0.70 | 0.48 | 0.39 | 0.22 | 0.40 | 0.35 | -- |
| 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 | 250.0M | 333.0M | 555.0M | 166.0M | 197.0M | 185.0M | 147.0M | 144.0M | 105.0M | 92.3M | 24.4M | 27.4M |
| Trading Financial Assets | 10.1M | 172.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 345.0M | 444.0M | 403.0M | 327.0M | 289.0M | 247.0M | 196.0M | 146.0M | 122.0M | 112.0M | 82.9M | 59.1M |
| Notes Receivable | 485,200 | 100,000 | 2.3M | 2.9M | 5.0M | 9.7M | 7.0M | 1.9M | 1.5M | 3.1M | 512,900 | -- |
| Notes And Accounts Receivable | 346.0M | 444.0M | 405.0M | 330.0M | 294.0M | 257.0M | 203.0M | 148.0M | 123.0M | 115.0M | 83.4M | 59.1M |
| Prepayments | 13.8M | 4.9M | 2.7M | 2.0M | 9.2M | 9.1M | 7.2M | 5.1M | 3.4M | 2.6M | 746,700 | 1.9M |
| Inventory | 122.0M | 52.5M | 29.0M | 40.2M | 72.4M | 76.7M | 78.0M | 62.3M | 55.1M | 15.1M | 12.6M | 8.1M |
| Total Current Assets | 833.0M | 1.1B | 1.1B | 654.0M | 653.0M | 544.0M | 455.0M | 376.0M | 303.0M | 231.0M | 126.0M | 103.0M |
| Fixed Assets | -- | 82.4M | 86.1M | 87.7M | 37.0M | 37.4M | 37.8M | 36.9M | -- | 18.6M | 21.7M | 23.5M |
| Fixed Assets Total | 81.4M | 82.4M | 86.1M | 87.7M | 37.0M | 37.4M | 37.8M | 36.9M | 16.1M | 18.6M | 21.7M | 23.5M |
| Construction In Progress | -- | 46.6M | -- | -- | -- | -- | -- | 3.6M | -- | -- | -- | -- |
| Construction In Progress Total | 151.0M | 46.6M | -- | -- | -- | -- | -- | 3.6M | -- | -- | -- | -- |
| Intangible Assets | 171.0M | 168.0M | 2.9M | 3.8M | 3.7M | 3.5M | 662,000 | 652,200 | 752,500 | 1.6M | 2.0M | 2.5M |
| Long Term Deferred Expenses | 12.7M | 6.5M | 6.7M | 4.5M | 5.2M | 10.3M | 13.5M | 5.6M | 6.7M | 8.1M | 10.0M | 11.6M |
| Total Non Current Assets | 556.0M | 396.0M | 358.0M | 172.0M | 121.0M | 82.8M | 80.4M | 58.6M | 33.8M | 31.8M | 37.8M | 42.0M |
| Total Assets | 1.4B | 1.5B | 1.5B | 827.0M | 774.0M | 626.0M | 536.0M | 434.0M | 337.0M | 263.0M | 164.0M | 145.0M |
| Short Term Borrowings | 55.7M | 8.1M | 22.8M | 11.8M | 19.0M | 12.0M | -- | 112,000 | -- | 3.0M | 4.0M | -- |
| Accounts Payable | 292.0M | 292.0M | 250.0M | 199.0M | 170.0M | 127.0M | 99.2M | 59.5M | 42.9M | 27.4M | 14.5M | 12.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 59.4M | 75.7M | 53.1M | 56.4M | 9.3M | 6.0M | 9.7M |
| Contract Liabilities | 41.3M | 5.4M | 4.4M | 27.1M | 63.9M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 562.0M | 449.0M | 395.0M | 343.0M | 362.0M | 260.0M | 242.0M | 141.0M | 125.0M | 103.0M | 39.8M | 37.2M |
| Long Term Borrowings | 5.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 18.6M | 17.7M | 25.3M | 14.6M | 1.6M | 2.3M | 4.6M | 6.3M | 7.2M | 9.9M | 6.1M | 5.1M |
| Total Liabilities | 580.0M | 467.0M | 420.0M | 358.0M | 363.0M | 262.0M | 247.0M | 147.0M | 133.0M | 113.0M | 45.9M | 42.3M |
| Paid In Capital | 105.0M | 102.0M | 102.0M | 76.8M | 76.8M | 76.8M | 75.0M | 75.0M | 68.6M | 61.8M | 60.0M | 12.8M |
| Capital Reserve | 751.0M | 707.0M | 713.0M | 182.0M | 182.0M | 183.0M | 163.0M | 163.0M | 108.0M | 55.0M | 45.4M | 64.6M |
| Surplus Reserve | 32.5M | 32.5M | 30.5M | 28.5M | 23.2M | 16.6M | 11.0M | 8.3M | 5.0M | 4.5M | 2.0M | 3.5M |
| Retained Earnings | -8.3M | 194.0M | 200.0M | 184.0M | 130.0M | 86.7M | 39.3M | 39.9M | 21.7M | 29.2M | 10.3M | 21.9M |
| Minority Equity | -725,600 | -4.9M | -7.2M | -2.7M | -1.6M | 788,600 | 912,800 | 1.0M | 666,300 | -- | -- | -- |
| Equity Attributable | 810.0M | 1.0B | 1.0B | 472.0M | 413.0M | 363.0M | 288.0M | 286.0M | 204.0M | 150.0M | 118.0M | 103.0M |
| Total Equity | 809.0M | 1.0B | 1.0B | 469.0M | 411.0M | 364.0M | 289.0M | 287.0M | 204.0M | 150.0M | 118.0M | 103.0M |
| 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 | 477.0M | 540.0M | 496.0M | 616.0M | 554.0M | 507.0M | 396.0M | 289.0M | 254.0M | 187.0M | 177.0M | 156.0M |
| Tax Refunds Received | 26,000 | 8,700 | 29,800 | -- | 3.0M | 60,500 | 18,700 | 939,000 | -- | -- | 2.9M | 306,300 |
| Total Operating Cash Inflow | 502.0M | 574.0M | 539.0M | 659.0M | 597.0M | 547.0M | 421.0M | 320.0M | 267.0M | 198.0M | 192.0M | 162.0M |
| Cash Paid For Goods | 277.0M | 242.0M | 220.0M | 301.0M | 281.0M | 249.0M | 157.0M | 129.0M | 114.0M | 59.6M | 71.9M | 55.6M |
| Cash Paid To Employees | 236.0M | 215.0M | 211.0M | 207.0M | 163.0M | 155.0M | 130.0M | 100.0M | 83.3M | 80.1M | 80.7M | 75.3M |
| Taxes Paid | 22.3M | 25.7M | 30.4M | 44.6M | 28.1M | 23.7M | 23.7M | 18.4M | 17.6M | 12.6M | 14.3M | 10.9M |
| Total Operating Cash Outflow | 596.0M | 555.0M | 533.0M | 629.0M | 560.0M | 507.0M | 381.0M | 306.0M | 244.0M | 182.0M | 189.0M | 163.0M |
| Operating Cash Flow | -94.8M | 19.3M | 6.0M | 30.4M | 36.4M | 39.4M | 40.1M | 14.1M | 23.2M | 15.4M | 2.7M | -1.2M |
| Total Investing Cash Inflow | 1.1B | 1.2B | 6,471 | 16,100 | 57,800 | 600.00 | 1,500 | 2,020 | 38,500 | 8,730 | 7,542 | 6,217 |
| Total Investing Cash Outflow | 1.1B | 1.4B | 177.0M | 34.2M | 21.1M | 7.3M | 28.2M | 31.5M | 8.0M | 2.4M | 3.5M | 6.0M |
| Investing Cash Flow | -16.6M | -213.0M | -177.0M | -34.2M | -21.0M | -7.3M | -28.2M | -31.5M | -7.9M | -2.4M | -3.5M | -6.0M |
| Cash From Borrowings | 66.6M | 9.1M | 30.8M | 14.8M | 18.9M | 12.0M | 990,000 | 112,000 | -- | 7.0M | 4.0M | -- |
| Dividends And Interest Paid | 16.4M | 14.9M | 889,800 | 12.1M | 16.3M | 22.5M | 11.3M | 7.5M | 6.7M | 3.4M | 6.1M | -- |
| Debt Repayments | 20.7M | 23.8M | 19.8M | 21.5M | 12.0M | -- | 1.1M | -- | 3.0M | 8.0M | -- | -- |
| Total Financing Cash Inflow | 102.0M | 17.9M | 611.0M | 14.8M | 19.0M | 28.4M | 990,000 | 66.2M | 10.6M | 63.4M | 4.0M | -- |
| Total Financing Cash Outflow | 72.9M | 50.8M | 51.0M | 42.8M | 30.1M | 23.5M | 12.4M | 10.7M | 10.5M | 11.7M | 6.1M | -- |
| Financing Cash Flow | 28.7M | -33.0M | 560.0M | -27.9M | -11.1M | 4.9M | -11.4M | 55.5M | 61,300 | 51.7M | -2.1M | -- |
| Net Change In Cash | -82.7M | -227.0M | 389.0M | -31.8M | 4.3M | 37.1M | 454,200 | 38.1M | 15.3M | 64.7M | -2.9M | -7.2M |
| Ending Cash Balance | 232.0M | 315.0M | 542.0M | 153.0M | 184.0M | 180.0M | 143.0M | 143.0M | 105.0M | 89.2M | 24.4M | 27.4M |
| Capex | 115.0M | 51.2M | 177.0M | 34.2M | 19.5M | 7.3M | 28.2M | 29.5M | 6.1M | 2.4M | 3.5M | 6.0M |