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 |
|---|---|---|---|---|---|
| Revenue | 1.5B | 1.2B | 879.0M | 715.0M | 504.0M |
| Revenue Growth % | 30.5% | 34.1% | 22.9% | 41.9% | -- |
| Total Revenue | 1.5B | 1.2B | 879.0M | 715.0M | 504.0M |
| Cost Of Revenue | 1.2B | 896.0M | 630.0M | 509.0M | 341.0M |
| Gross Profit | 332.0M | 283.0M | 249.0M | 206.0M | 163.0M |
| Gross Margin % | 21.6% | 24.0% | 28.3% | 28.8% | 32.3% |
| Total Operating Cost | 1.4B | 1.0B | 746.0M | 600.0M | 415.0M |
| Selling Expenses | 39.3M | 29.5M | 21.2M | 18.7M | 14.9M |
| Admin Expenses | 34.6M | 30.0M | 22.4M | 21.3M | 20.3M |
| Rd Expenses | 61.8M | 58.6M | 38.3M | 34.4M | 27.1M |
| Finance Expenses | 16.4M | 6.0M | 12.8M | 7.7M | 5.5M |
| Operating Income | 147.0M | 159.0M | 140.0M | 119.0M | 94.6M |
| Operating Margin % | 9.6% | 13.5% | 15.9% | 16.6% | 18.8% |
| Non Operating Income | 1.3M | 1.3M | 4.1M | 161,700 | 292,100 |
| Non Operating Expenses | 118,400 | 67,200 | 559,800 | 201,300 | 824,100 |
| Investment Income | 875,100 | -102,500 | -- | -- | 78,500 |
| Fair Value Change Income | -- | 900.00 | -- | -- | -- |
| Asset Disposal Income | 7,400 | 32,100 | 185,500 | -- | -18,600 |
| Asset Impairment Loss | 9.7M | 3.2M | 533,300 | 435,700 | 4.2M |
| Other Income | 1.6M | 10.9M | 7.8M | 4.4M | 5.3M |
| Income Before Tax | 148.0M | 161.0M | 144.0M | 119.0M | 94.1M |
| Income Tax | 15.0M | 18.0M | 18.6M | 13.4M | 9.3M |
| Net Income | 133.0M | 143.0M | 125.0M | 105.0M | 84.8M |
| Net Margin % | 8.6% | 12.1% | 14.2% | 14.7% | 16.8% |
| Net Income Attributable | 134.0M | 142.0M | 126.0M | 105.0M | 85.9M |
| Minority Interest | -489,100 | 536,500 | -1.2M | 112,200 | -1.1M |
| Eps Basic | 0.61 | 0.94 | 0.99 | 0.83 | 0.68 |
| Eps Diluted | 0.61 | 0.94 | 0.99 | 0.83 | 0.68 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 286.0M | 459.0M | 16.9M | 97.9M | 74.1M |
| Trading Financial Assets | -- | 125,400 | -- | -- | -- |
| Accounts Receivable | 774.0M | 554.0M | 458.0M | 297.0M | 217.0M |
| Notes Receivable | 476,200 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 775.0M | 554.0M | 458.0M | 297.0M | 217.0M |
| Prepayments | 850.0M | 729.0M | 452.0M | 303.0M | 127.0M |
| Inventory | 27.2M | 25.8M | 16.1M | 16.5M | 14.0M |
| Total Current Assets | 2.0B | 1.8B | 964.0M | 736.0M | 446.0M |
| Long Term Equity Investment | -- | 12.7M | -- | -- | -- |
| Fixed Assets | -- | 193.0M | 137.0M | 132.0M | 1.2M |
| Fixed Assets Total | 199.0M | 193.0M | 137.0M | 132.0M | 1.2M |
| Construction In Progress | -- | -- | -- | 1.7M | -- |
| Construction In Progress Total | 32.3M | -- | -- | 1.7M | -- |
| Intangible Assets | 688.0M | 9.4M | 773.70 | 31,700 | 124,400 |
| Long Term Deferred Expenses | 6.4M | 5.0M | 718,400 | 561,500 | 1.2M |
| Total Non Current Assets | 988.0M | 266.0M | 161.0M | 160.0M | 159.0M |
| Total Assets | 2.9B | 2.0B | 1.1B | 895.0M | 605.0M |
| Short Term Borrowings | 673.0M | 103.0M | 197.0M | 130.0M | 25.0M |
| Accounts Payable | 96.0M | 85.3M | 131.0M | 96.1M | 44.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 25.3M | 48.6M | 16.1M | 33.3M | 19.5M |
| Total Current Liabilities | 880.0M | 289.0M | 398.0M | 295.0M | 117.0M |
| Long Term Borrowings | 79.9M | 56.6M | 38.0M | 27.5M | 19.5M |
| Total Non Current Liabilities | 178.0M | 61.5M | 76.4M | 72.3M | 70.0M |
| Total Liabilities | 1.1B | 350.0M | 474.0M | 367.0M | 187.0M |
| Paid In Capital | 220.0M | 170.0M | 127.0M | 127.0M | 127.0M |
| Capital Reserve | 875.0M | 928.0M | 63.7M | 60.5M | 57.2M |
| Surplus Reserve | 59.6M | 49.5M | 39.7M | 29.5M | 21.3M |
| Retained Earnings | 651.0M | 555.0M | 422.0M | 306.0M | 209.0M |
| Minority Equity | 128.0M | 8.0M | 7.5M | 8.7M | 8.6M |
| Equity Attributable | 1.8B | 1.7B | 644.0M | 520.0M | 410.0M |
| Total Equity | 1.9B | 1.7B | 652.0M | 528.0M | 418.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 1.7B | 1.6B | 1.0B | 783.0M | 738.0M |
| Tax Refunds Received | -- | -- | 3.0M | 303,600 | -- |
| Total Operating Cash Inflow | 1.7B | 1.6B | 1.0B | 788.0M | 744.0M |
| Cash Paid For Goods | 1.7B | 1.7B | 1.1B | 743.0M | 642.0M |
| Cash Paid To Employees | 105.0M | 86.6M | 64.1M | 52.7M | 42.7M |
| Taxes Paid | 34.8M | 35.3M | 22.9M | 19.8M | 19.7M |
| Total Operating Cash Outflow | 1.8B | 1.8B | 1.2B | 840.0M | 728.0M |
| Operating Cash Flow | -137.0M | -229.0M | -121.0M | -52.2M | 15.7M |
| Total Investing Cash Inflow | 308.0M | 80.5M | 267,500 | 140.00 | 96,400 |
| Total Investing Cash Outflow | 1.0B | 183.0M | 9.7M | 3.1M | 2.7M |
| Investing Cash Flow | -721.0M | -102.0M | -9.4M | -3.1M | -2.6M |
| Cash From Borrowings | 856.0M | 192.0M | 290.0M | 120.0M | 45.0M |
| Dividends And Interest Paid | 44.9M | 11.1M | 12.3M | 7.2M | 4.9M |
| Debt Repayments | 211.0M | 312.0M | 228.0M | 32.8M | 25.9M |
| Total Financing Cash Inflow | 980.0M | 1.1B | 291.0M | 122.0M | 45.5M |
| Total Financing Cash Outflow | 298.0M | 350.0M | 247.0M | 41.0M | 32.3M |
| Financing Cash Flow | 682.0M | 777.0M | 44.4M | 80.8M | 13.2M |
| Net Change In Cash | -176.0M | 446.0M | -86.1M | 25.5M | 26.2M |
| Ending Cash Balance | 281.0M | 457.0M | 11.2M | 97.3M | 71.8M |
| Capex | 722.0M | 87.2M | 9.7M | 3.1M | 2.6M |