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 | 800.0M | 726.0M | 597.0M | 495.0M | 394.0M |
| Revenue Growth % | 10.2% | 21.6% | 20.6% | 25.6% | -- |
| Total Revenue | 800.0M | 726.0M | 597.0M | 495.0M | 394.0M |
| Cost Of Revenue | 373.0M | 335.0M | 283.0M | 230.0M | 175.0M |
| Gross Profit | 427.0M | 391.0M | 314.0M | 265.0M | 219.0M |
| Gross Margin % | 53.4% | 53.9% | 52.6% | 53.5% | 55.6% |
| Total Operating Cost | 675.0M | 613.0M | 511.0M | 445.0M | 348.0M |
| Selling Expenses | 207.0M | 191.0M | 155.0M | 149.0M | 110.0M |
| Admin Expenses | 48.0M | 42.7M | 36.2M | 37.5M | 40.9M |
| Rd Expenses | 33.1M | 31.2M | 26.4M | 21.6M | 17.6M |
| Finance Expenses | -422,100 | -526,500 | 636,900 | 1.4M | -142,500 |
| Operating Income | 127.0M | 119.0M | 97.8M | 61.0M | 51.1M |
| Operating Margin % | 15.9% | 16.4% | 16.4% | 12.3% | 13.0% |
| Non Operating Income | -- | -- | -- | -- | -- |
| Non Operating Expenses | 498,800 | 2.4M | 1.6M | 426,000 | 2.1M |
| Investment Income | 91,100 | -- | 373,000 | 1.5M | 714,200 |
| Fair Value Change Income | 144,900 | -- | -- | 343,700 | 145,200 |
| Asset Disposal Income | -27,300 | -673,500 | 10,700 | 92,300 | -5,100 |
| Asset Impairment Loss | 220,200 | -- | -- | -- | -- |
| Other Income | 1.4M | 6.7M | 11.3M | 8.4M | 4.4M |
| Income Before Tax | 126.0M | 116.0M | 96.1M | 60.5M | 49.0M |
| Income Tax | 15.1M | 15.2M | 11.8M | 8.5M | 7.2M |
| Net Income | 111.0M | 101.0M | 84.4M | 52.0M | 41.8M |
| Net Margin % | 13.9% | 13.9% | 14.1% | 10.5% | 10.6% |
| Net Income Attributable | 111.0M | 101.0M | 84.4M | 52.0M | 41.8M |
| Minority Interest | -- | -- | -- | -- | -- |
| Eps Basic | 2.27 | 2.07 | 1.73 | 1.60 | 1.28 |
| Eps Diluted | 2.27 | 2.07 | 1.73 | 1.60 | 1.28 |
| 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 | 164.0M | 133.0M | 108.0M | 20.0M | 27.5M |
| Trading Financial Assets | 6.4M | -- | -- | 81.6M | 64.2M |
| Accounts Receivable | 197.0M | 155.0M | 129.0M | 78.6M | 62.5M |
| Notes Receivable | 7.2M | 5.3M | 2.4M | 2.8M | 1.4M |
| Notes And Accounts Receivable | 204.0M | 160.0M | 132.0M | 81.4M | 63.8M |
| Prepayments | 7.0M | 4.8M | 3.3M | 2.1M | 3.4M |
| Inventory | 8.5M | 5.7M | 3.2M | 1.9M | 1.5M |
| Total Current Assets | 423.0M | 324.0M | 258.0M | 198.0M | 170.0M |
| Fixed Assets | 159.0M | 148.0M | 122.0M | 98.8M | 65.7M |
| Fixed Assets Total | 159.0M | 148.0M | 122.0M | 98.8M | 65.7M |
| Construction In Progress | 16.3M | 2.9M | 23.7M | 1.1M | -- |
| Construction In Progress Total | 16.3M | 2.9M | 23.7M | 1.1M | -- |
| Intangible Assets | 5.9M | 5.7M | 5.9M | 6.3M | 6.0M |
| Long Term Deferred Expenses | 15.8M | 13.3M | 14.2M | 8.3M | 5.0M |
| Total Non Current Assets | 270.0M | 235.0M | 207.0M | 161.0M | 85.7M |
| Total Assets | 693.0M | 560.0M | 465.0M | 359.0M | 256.0M |
| Short Term Borrowings | -- | -- | -- | -- | -- |
| Accounts Payable | 30.9M | 20.1M | 23.6M | 13.9M | 16.5M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 18.4M | 18.7M | 22.5M | 15.0M | 9.4M |
| Total Current Liabilities | 131.0M | 113.0M | 115.0M | 90.1M | 62.6M |
| Total Non Current Liabilities | 41.9M | 37.9M | 19.8M | 25.2M | 3.3M |
| Total Liabilities | 173.0M | 151.0M | 134.0M | 115.0M | 65.9M |
| Paid In Capital | 48.9M | 48.9M | 48.9M | 32.6M | 32.6M |
| Capital Reserve | 57.9M | 57.4M | 55.6M | 70.0M | 68.1M |
| Surplus Reserve | 29.5M | 29.5M | 29.5M | 20.8M | 15.9M |
| Retained Earnings | 384.0M | 273.0M | 196.0M | 120.0M | 73.2M |
| Minority Equity | -- | -- | -- | -- | -- |
| Equity Attributable | 520.0M | 409.0M | 330.0M | 244.0M | 190.0M |
| Total Equity | 520.0M | 409.0M | 330.0M | 244.0M | 190.0M |
| 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 | 782.0M | 723.0M | 575.0M | 503.0M | 392.0M |
| Total Operating Cash Inflow | 786.0M | 727.0M | 583.0M | 514.0M | 395.0M |
| Cash Paid For Goods | 154.0M | 136.0M | 103.0M | 89.2M | 62.4M |
| Cash Paid To Employees | 407.0M | 369.0M | 319.0M | 271.0M | 203.0M |
| Taxes Paid | 51.9M | 55.2M | 32.9M | 22.7M | 26.5M |
| Total Operating Cash Outflow | 655.0M | 597.0M | 483.0M | 422.0M | 332.0M |
| Operating Cash Flow | 132.0M | 130.0M | 100.0M | 92.5M | 63.2M |
| Total Investing Cash Inflow | 84.0M | 10.2M | 171.0M | 365.0M | 210.0M |
| Total Investing Cash Outflow | 188.0M | 93.7M | 160.0M | 445.0M | 305.0M |
| Investing Cash Flow | -104.0M | -83.5M | 10.2M | -79.9M | -94.5M |
| Cash From Borrowings | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | -- | 24.5M | -- | -- | -- |
| Debt Repayments | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | -- | -- | 500,000 | -- | 3.4M |
| Total Financing Cash Outflow | 27.3M | 52.4M | 23.3M | 20.2M | 200,000 |
| Financing Cash Flow | -27.3M | -52.4M | -22.8M | -20.2M | 3.2M |
| Net Change In Cash | 303,400 | -5.5M | 87.8M | -7.5M | -28.0M |
| Ending Cash Balance | 103.0M | 102.0M | 108.0M | 20.0M | 27.5M |
| Capex | 58.6M | 53.5M | 70.8M | 63.5M | 30.7M |