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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 658.0M | 771.0M | 746.0M | 731.0M | 567.0M | 402.0M | 376.0M | 223.0M | 156.0M | 167.0M |
| Revenue Growth % | -14.7% | 3.4% | 2.1% | 28.9% | 41.0% | 6.9% | 68.6% | 42.9% | -6.6% | -- |
| Total Revenue | 658.0M | 771.0M | 746.0M | 731.0M | 567.0M | 402.0M | 376.0M | 223.0M | 156.0M | 167.0M |
| Cost Of Revenue | 577.0M | 593.0M | 540.0M | 526.0M | 429.0M | 300.0M | 293.0M | 175.0M | 122.0M | 132.0M |
| Gross Profit | 81.0M | 178.0M | 206.0M | 205.0M | 138.0M | 102.0M | 83.0M | 48.0M | 34.0M | 35.0M |
| Gross Margin % | 12.3% | 23.1% | 27.6% | 28.0% | 24.3% | 25.4% | 22.1% | 21.5% | 21.8% | 21.0% |
| Total Operating Cost | 767.0M | 752.0M | 677.0M | 635.0M | 496.0M | 365.0M | 352.0M | 214.0M | 153.0M | 159.0M |
| Selling Expenses | 24.9M | 23.0M | 25.7M | 23.5M | 17.5M | 16.2M | 15.3M | 10.7M | 6.6M | 5.5M |
| Admin Expenses | 32.8M | 28.8M | 23.1M | 24.6M | 21.3M | 15.8M | 11.8M | 24.8M | 20.9M | 16.7M |
| Rd Expenses | 54.8M | 50.9M | 43.6M | 31.2M | 19.0M | 19.4M | 17.5M | -- | -- | -- |
| Finance Expenses | 9.8M | 2.6M | 3.5M | 2.7M | 2.1M | 3.5M | 3.7M | 1.2M | 589,500 | 269,100 |
| Operating Income | -104.0M | 29.9M | 71.9M | 99.6M | 74.6M | 40.0M | 27.0M | 8.5M | 3.3M | 7.1M |
| Operating Margin % | -15.8% | 3.9% | 9.6% | 13.6% | 13.1% | 10.0% | 7.2% | 3.8% | 2.1% | 4.3% |
| Non Operating Income | 3.9M | 8.6M | 1.8M | 3.3M | 1.2M | -- | 68,100 | 4.5M | 642,800 | 4,700 |
| Non Operating Expenses | 390,300 | 647,000 | 199,500 | 42,300 | 54,700 | 102,500 | 205,500 | -- | -- | -- |
| Investment Income | 4.3M | 4.2M | -275,500 | -708,700 | -263,900 | -- | -119,800 | -222,700 | -- | -- |
| Fair Value Change Income | 635,500 | 6.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 4,100 | 116,800 | 2,400 | 94,700 | 1,300 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 10.8M | 11.2M | 4.5M | 9.7M | -2.3M | 417,000 | 9.7M | 1.7M | -1.6M | 1.4M |
| Other Income | 1.1M | 251,500 | 3.1M | 4.8M | 3.1M | 2.6M | 3.3M | -- | -- | -- |
| Income Before Tax | -100.0M | 37.8M | 73.5M | 103.0M | 75.7M | 39.9M | 26.8M | 13.0M | 4.0M | 7.1M |
| Income Tax | -23.9M | -4.2M | 11.7M | 15.7M | 10.8M | 5.2M | 3.3M | 2.3M | 357,600 | 784,400 |
| Net Income | -76.2M | 42.0M | 61.8M | 87.1M | 65.0M | 34.7M | 23.5M | 10.7M | 3.6M | 6.4M |
| Net Margin % | -11.6% | 5.4% | 8.3% | 11.9% | 11.5% | 8.6% | 6.3% | 4.8% | 2.3% | 3.8% |
| Net Income Attributable | -75.7M | 42.2M | 63.1M | 88.1M | 65.2M | 34.7M | 23.6M | 10.7M | 3.6M | 6.4M |
| Minority Interest | -470,500 | -205,900 | -1.3M | -1.0M | -297,400 | -58,500 | -26,200 | -15,100 | -9,800 | -1,900 |
| Eps Basic | -0.69 | 0.39 | 0.90 | 1.29 | 0.99 | 0.59 | 0.44 | 0.53 | 0.18 | 0.13 |
| Eps Diluted | -0.69 | 0.39 | 0.90 | 1.29 | 0.99 | 0.59 | 0.44 | 0.53 | 0.18 | -- |
| 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 193.0M | 432.0M | 907.0M | 257.0M | 212.0M | 121.0M | 72.8M | 48.7M | 48.5M | 48.9M |
| Trading Financial Assets | 131.0M | 330.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 559.0M | 693.0M | 553.0M | 334.0M | 273.0M | 174.0M | 149.0M | 30.1M | 18.7M | 19.1M |
| Notes Receivable | 166,800 | 760,200 | 360,000 | 3.6M | 845,300 | -- | 1.1M | -- | -- | -- |
| Notes And Accounts Receivable | 559.0M | 693.0M | 553.0M | 338.0M | 274.0M | 174.0M | 150.0M | 30.1M | 18.7M | 19.1M |
| Prepayments | 31.4M | 17.2M | 11.7M | 10.9M | 12.4M | 5.4M | 15.1M | 15.1M | 10.1M | 4.2M |
| Inventory | 558.0M | 306.0M | 235.0M | 232.0M | 226.0M | 281.0M | 188.0M | 97.8M | 99.7M | 60.7M |
| Total Current Assets | 1.7B | 1.9B | 1.8B | 906.0M | 792.0M | 609.0M | 446.0M | 221.0M | 185.0M | 157.0M |
| Long Term Equity Investment | 3.3M | 3.5M | 169,400 | 377,300 | 36,100 | -- | -- | 21,300 | -- | -- |
| Fixed Assets | -- | 196.0M | 8.2M | 8.7M | 9.3M | 7.9M | 1.1M | 1.1M | 1.4M | -- |
| Fixed Assets Total | 234.0M | 196.0M | 8.2M | 8.7M | 9.3M | 7.9M | 1.1M | 1.1M | 1.4M | -- |
| Construction In Progress | -- | 29.4M | 3.2M | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 219.0M | 29.4M | 3.2M | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 12.9M | 92,300 | 197,400 | 324,400 | 519,700 | 715,000 | 910,300 | 1.3M | 1.5M | 1.7M |
| Long Term Deferred Expenses | 20.1M | 161,600 | 254,600 | 1.1M | 2.2M | 1.1M | 1.3M | 14,200 | 40,100 | 149,800 |
| Total Non Current Assets | 1.1B | 267.0M | 34.4M | 22.4M | 19.8M | 16.9M | 10.2M | 3.4M | 3.8M | 4.8M |
| Total Assets | 2.9B | 2.2B | 1.8B | 929.0M | 812.0M | 626.0M | 456.0M | 224.0M | 189.0M | 162.0M |
| Short Term Borrowings | 168.0M | 93.3M | 38.5M | 43.4M | 20.0M | 26.1M | 41.5M | 35.0M | 15.0M | 6.0M |
| Accounts Payable | 224.0M | 231.0M | 220.0M | 191.0M | 172.0M | 159.0M | 103.0M | 55.0M | 51.4M | 53.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 225.0M | 188.0M | 63.2M | 61.8M | 47.8M |
| Contract Liabilities | 211.0M | 107.0M | 92.5M | 158.0M | 231.0M | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.2B | 805.0M | 551.0M | 532.0M | 504.0M | 448.0M | 372.0M | 164.0M | 138.0M | 116.0M |
| Long Term Borrowings | 67.9M | 76.4M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 501.0M | 82.2M | 10.6M | 4.5M | 3.6M | 4.2M | 3.3M | -- | 1.2M | -- |
| Total Liabilities | 1.7B | 887.0M | 562.0M | 537.0M | 508.0M | 452.0M | 376.0M | 164.0M | 139.0M | 116.0M |
| Paid In Capital | 110.0M | 110.0M | 91.4M | 68.5M | 68.5M | 62.3M | 55.2M | 20.2M | 20.2M | 20.2M |
| Capital Reserve | 899.0M | 899.0M | 918.0M | 123.0M | 123.0M | 64.6M | 12.6M | 25.6M | 25.6M | -- |
| Surplus Reserve | 35.5M | 35.5M | 29.6M | 21.4M | 11.9M | 5.2M | 1.6M | 1.6M | 429,500 | 3.4M |
| Retained Earnings | 150.0M | 242.0M | 233.0M | 179.0M | 100.0M | 41.5M | 10.9M | 13.2M | 3.7M | 22.7M |
| Minority Equity | -758,600 | -288,100 | -482,200 | 419,900 | 14,200 | 311,500 | -30,000 | 23,200 | 38,300 | -1,900 |
| Equity Attributable | 1.2B | 1.3B | 1.3B | 392.0M | 304.0M | 174.0M | 80.4M | 60.6M | 49.9M | 46.3M |
| Total Equity | 1.2B | 1.3B | 1.3B | 392.0M | 304.0M | 174.0M | 80.4M | 60.6M | 49.9M | 46.3M |
| 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 532.0M | 677.0M | 479.0M | 637.0M | 481.0M | 447.0M | 354.0M | 234.0M | 142.0M | 131.0M |
| Tax Refunds Received | -- | -- | 104,100 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 552.0M | 699.0M | 505.0M | 669.0M | 509.0M | 487.0M | 380.0M | 255.0M | 186.0M | 164.0M |
| Cash Paid For Goods | 347.0M | 542.0M | 518.0M | 524.0M | 356.0M | 345.0M | 301.0M | 186.0M | 136.0M | 132.0M |
| Cash Paid To Employees | 88.5M | 88.2M | 77.0M | 66.2M | 51.9M | 45.7M | 36.5M | 23.7M | 17.7M | 15.6M |
| Taxes Paid | 22.5M | 29.7M | 25.6M | 18.9M | 19.7M | 17.0M | 8.1M | 8.8M | 5.2M | 6.2M |
| Total Operating Cash Outflow | 514.0M | 718.0M | 679.0M | 655.0M | 476.0M | 467.0M | 382.0M | 253.0M | 194.0M | 190.0M |
| Operating Cash Flow | 37.9M | -19.0M | -174.0M | 13.7M | 32.8M | 19.7M | -2.0M | 2.0M | -7.6M | -26.0M |
| Total Investing Cash Inflow | 2.2B | 2.5B | 0.00 | 1.8M | 10,000 | 1.0M | -- | 995.03 | -- | -- |
| Total Investing Cash Outflow | 2.6B | 3.1B | 11.0M | 1.6M | 5.7M | 6.9M | 4.6M | 21.5M | 139,600 | 1.0M |
| Investing Cash Flow | -391.0M | -548.0M | -11.0M | 266,600 | -5.7M | -5.9M | -4.6M | -21.5M | -139,600 | -1.0M |
| Cash From Borrowings | 168.0M | 178.0M | 102.0M | 55.6M | 20.0M | 33.2M | 50.8M | 35.0M | 15.0M | -- |
| Dividends And Interest Paid | 23.7M | 30.8M | 3.5M | 2.0M | 518,800 | 2.6M | 3.0M | 975,200 | 676,100 | 495,700 |
| Debt Repayments | 101.0M | 38.4M | 99.7M | 32.3M | 26.0M | 48.7M | 53.2M | 15.0M | 6.0M | 14.0M |
| Total Financing Cash Inflow | 346.0M | 178.0M | 938.0M | 58.8M | 84.9M | 92.6M | 72.4M | 35.0M | 15.0M | 6.0M |
| Total Financing Cash Outflow | 212.0M | 77.5M | 121.0M | 42.7M | 27.4M | 52.4M | 63.2M | 16.0M | 6.7M | 14.5M |
| Financing Cash Flow | 134.0M | 101.0M | 818.0M | 16.2M | 57.6M | 40.2M | 9.3M | 19.0M | 8.3M | -8.5M |
| Net Change In Cash | -220.0M | -466.0M | 633.0M | 30.1M | 84.7M | 54.1M | 2.6M | -502,400 | 548,200 | -35.5M |
| Ending Cash Balance | 156.0M | 376.0M | 842.0M | 209.0M | 179.0M | 94.1M | 40.0M | 19.0M | 19.5M | 18.9M |
| Capex | 595.0M | 225.0M | 3.9M | 502,600 | 4.4M | 6.9M | 4.5M | 292,200 | 139,600 | 1.0M |