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 |
|---|---|---|---|---|---|---|---|
| Revenue | 482.0M | 409.0M | 343.0M | 327.0M | 348.0M | 190.0M | 96.4M |
| Revenue Growth % | 17.8% | 19.2% | 4.9% | -6.0% | 83.2% | 97.1% | -- |
| Total Revenue | 482.0M | 409.0M | 343.0M | 327.0M | 348.0M | 190.0M | 96.4M |
| Cost Of Revenue | 303.0M | 228.0M | 171.0M | 135.0M | 111.0M | 68.3M | 44.1M |
| Gross Profit | 179.0M | 181.0M | 172.0M | 192.0M | 237.0M | 121.7M | 52.3M |
| Gross Margin % | 37.1% | 44.3% | 50.1% | 58.7% | 68.1% | 64.0% | 54.3% |
| Total Operating Cost | 436.0M | 295.0M | 232.0M | 187.0M | 168.0M | 135.0M | 97.5M |
| Selling Expenses | 56.1M | 25.5M | 20.1M | 16.1M | 13.6M | 11.2M | 5.4M |
| Admin Expenses | 42.2M | 23.6M | 18.4M | 17.3M | 19.7M | 34.5M | 32.0M |
| Rd Expenses | 35.1M | 19.8M | 18.0M | 14.4M | 13.1M | 11.5M | 5.4M |
| Finance Expenses | -10.6M | -11.4M | -1.0M | 671,300 | 93,300 | 1.4M | 819,900 |
| Operating Income | 70.0M | 126.0M | 119.0M | 156.0M | 185.0M | 59.6M | 1.2M |
| Operating Margin % | 14.5% | 30.8% | 34.7% | 47.7% | 53.2% | 31.3% | 1.2% |
| Non Operating Income | 200,000 | 1.0M | 2.6M | 2.6M | 327,900 | 103,800 | 16,100 |
| Non Operating Expenses | 15,500 | 124,300 | 49,300 | 75,300 | 63,700 | 18,000 | 1,100 |
| Investment Income | 19.2M | 2.6M | 2.4M | 1.4M | 1.7M | 28,800 | -- |
| Fair Value Change Income | 1.2M | 2.9M | 528,300 | -- | 108,300 | -- | -- |
| Asset Disposal Income | -21,400 | 100,700 | 31,500 | -- | -- | -- | -- |
| Asset Impairment Loss | 4.1M | 2.1M | 281,900 | 818,900 | 948,700 | 176,100 | 407,300 |
| Other Income | 4.2M | 6.6M | 4.6M | 15.2M | 2.6M | 5.1M | 2.3M |
| Income Before Tax | 70.2M | 127.0M | 122.0M | 159.0M | 185.0M | 59.6M | 1.2M |
| Income Tax | 7.2M | 16.2M | 13.6M | 21.9M | 27.1M | 10.5M | 804,700 |
| Net Income | 63.0M | 111.0M | 108.0M | 137.0M | 158.0M | 49.2M | 402,900 |
| Net Margin % | 13.1% | 27.1% | 31.5% | 41.9% | 45.4% | 25.9% | 0.4% |
| Net Income Attributable | 62.6M | 111.0M | 108.0M | 137.0M | 158.0M | 49.2M | 402,900 |
| Minority Interest | 391,300 | 1,200 | -10,500 | -237,100 | -- | -- | -- |
| Eps Basic | 0.42 | 0.87 | 0.97 | 1.23 | 1.59 | -- | -- |
| Eps Diluted | 0.42 | 0.87 | 0.97 | 1.23 | 1.59 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 194.0M | 87.4M | 130.0M | 98.5M | 30.2M | 32.6M | 6.1M |
| Trading Financial Assets | 954.0M | 691.0M | 93.5M | -- | 18.3M | -- | -- |
| Accounts Receivable | 365.0M | 289.0M | 228.0M | 199.0M | 217.0M | 113.0M | 79.8M |
| Notes Receivable | 60.4M | 61.9M | 34.7M | 50.4M | 55.2M | 32.5M | 7.0M |
| Notes And Accounts Receivable | 426.0M | 351.0M | 262.0M | 250.0M | 273.0M | 146.0M | 86.8M |
| Prepayments | 6.5M | 5.7M | 7.8M | 9.6M | 7.4M | 4.1M | 2.7M |
| Inventory | 114.0M | 83.5M | 73.2M | 52.5M | 45.5M | 33.4M | 24.9M |
| Total Current Assets | 1.8B | 2.0B | 603.0M | 481.0M | 451.0M | 234.0M | 130.0M |
| Long Term Equity Investment | 64.0M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 147.0M | 146.0M | 115.0M | 21.0M | 17.0M | 10.1M |
| Fixed Assets Total | 285.0M | 147.0M | 146.0M | 115.0M | 21.0M | 17.0M | 10.1M |
| Construction In Progress | -- | 65.3M | 2.6M | 11.9M | 57.6M | -- | -- |
| Construction In Progress Total | -- | 65.3M | 2.6M | 11.9M | 57.6M | -- | -- |
| Intangible Assets | 40.6M | 39.6M | 40.6M | 41.6M | 20.7M | -- | -- |
| Long Term Deferred Expenses | 180,500 | 274,600 | 368,800 | 462,900 | -- | -- | -- |
| Total Non Current Assets | 527.0M | 260.0M | 197.0M | 175.0M | 104.0M | 20.3M | 12.6M |
| Total Assets | 2.3B | 2.2B | 801.0M | 656.0M | 555.0M | 254.0M | 142.0M |
| Short Term Borrowings | -- | 1.1M | 350,000 | -- | -- | 14.2M | 6.4M |
| Accounts Payable | 57.4M | 80.7M | 49.9M | 31.2M | 32.1M | 12.4M | 5.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 30,600 | 122,200 |
| Contract Liabilities | 1.2M | 1.1M | 2.0M | 1.6M | 330,600 | -- | -- |
| Total Current Liabilities | 183.0M | 146.0M | 104.0M | 71.5M | 109.0M | 81.2M | 40.0M |
| Total Non Current Liabilities | 10.8M | 7.6M | 7.1M | 3.3M | 2.5M | 1.7M | 1.8M |
| Total Liabilities | 194.0M | 154.0M | 111.0M | 74.7M | 111.0M | 82.9M | 41.8M |
| Paid In Capital | 149.0M | 149.0M | 111.0M | 111.0M | 111.0M | 22.1M | 21.0M |
| Capital Reserve | 1.6B | 1.5B | 281.0M | 281.0M | 281.0M | 51.3M | 25.7M |
| Surplus Reserve | 63.2M | 56.7M | 45.9M | 35.1M | 21.4M | 6.8M | 4.3M |
| Retained Earnings | 337.0M | 331.0M | 251.0M | 153.0M | 30.0M | 91.0M | 49.4M |
| Minority Equity | 3.8M | 1.2M | 612,300 | 622,900 | -- | -- | -- |
| Equity Attributable | 2.1B | 2.1B | 689.0M | 581.0M | 444.0M | 171.0M | 100.0M |
| Total Equity | 2.1B | 2.1B | 690.0M | 582.0M | 444.0M | 171.0M | 100.0M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 270.0M | 244.0M | 320.0M | 235.0M | 148.0M | 111.0M | 61.8M |
| Tax Refunds Received | 211,700 | 5.6M | 3.3M | 200,100 | 330,400 | 3.6M | 3.8M |
| Total Operating Cash Inflow | 277.0M | 255.0M | 332.0M | 254.0M | 152.0M | 115.0M | 66.6M |
| Cash Paid For Goods | 152.0M | 107.0M | 87.0M | 96.6M | 53.1M | 38.1M | 28.7M |
| Cash Paid To Employees | 85.6M | 63.9M | 49.3M | 44.3M | 32.9M | 20.3M | 13.7M |
| Taxes Paid | 21.3M | 34.6M | 30.9M | 50.1M | 50.5M | 22.7M | 13.9M |
| Total Operating Cash Outflow | 293.0M | 225.0M | 179.0M | 201.0M | 149.0M | 92.5M | 64.6M |
| Operating Cash Flow | -16.3M | 30.2M | 153.0M | 52.8M | 3.2M | 22.9M | 2.0M |
| Total Investing Cash Inflow | 6.2B | 1.7B | 655.0M | 568.0M | 212.0M | 48.0M | 8.6M |
| Total Investing Cash Outflow | 6.0B | 3.0B | 820.0M | 550.0M | 340.0M | 51.0M | 9.5M |
| Investing Cash Flow | 167.0M | -1.3B | -165.0M | 17.6M | -128.0M | -3.0M | -986,200 |
| Cash From Borrowings | -- | 1.1M | 347,900 | 5.0M | -- | 18.9M | 6.4M |
| Dividends And Interest Paid | 49.8M | 20.1M | -- | 239,300 | 22.7M | 5.3M | 300,000 |
| Debt Repayments | -- | -- | -- | 5.0M | -- | 10.1M | 7.0M |
| Total Financing Cash Inflow | 3.1M | 1.3B | 594,900 | 5.8M | 156.0M | 42.9M | 19.9M |
| Total Financing Cash Outflow | 50.2M | 50.6M | 1.2M | 6.8M | 37.4M | 37.5M | 19.1M |
| Financing Cash Flow | -47.1M | 1.3B | -604,100 | -978,100 | 118.0M | 5.4M | 800,900 |
| Net Change In Cash | 104.0M | -12.7M | -12.1M | 69.4M | -6.1M | 25.3M | 1.8M |
| Ending Cash Balance | 174.0M | 69.7M | 82.4M | 94.5M | 25.0M | 31.1M | 5.8M |
| Capex | 112.0M | 43.7M | 23.0M | 60.3M | 41.5M | 3.0M | 554,100 |