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 | 379.0M | 342.0M | 261.0M | 211.0M | 139.0M | 103.0M | 105.0M |
| Revenue Growth % | 10.8% | 31.0% | 23.7% | 51.8% | 35.0% | -1.9% | -- |
| Total Revenue | 379.0M | 342.0M | 261.0M | 211.0M | 139.0M | 103.0M | 105.0M |
| Cost Of Revenue | 229.0M | 175.0M | 129.0M | 99.8M | 61.5M | 53.8M | 57.3M |
| Gross Profit | 150.0M | 167.0M | 132.0M | 111.2M | 77.5M | 49.2M | 47.7M |
| Gross Margin % | 39.6% | 48.8% | 50.6% | 52.7% | 55.7% | 47.8% | 45.4% |
| Total Operating Cost | 326.0M | 235.0M | 165.0M | 128.0M | 82.5M | 77.7M | 74.5M |
| Selling Expenses | 4.9M | 4.5M | 4.4M | 4.0M | 2.9M | 4.8M | 2.8M |
| Admin Expenses | 26.9M | 20.7M | 12.5M | 11.4M | 9.0M | 11.3M | 8.6M |
| Rd Expenses | 60.7M | 34.5M | 16.0M | 10.3M | 7.8M | 6.7M | 5.6M |
| Finance Expenses | -3.1M | -4.6M | -889,300 | -414,600 | -83,500 | 232,000 | -205,300 |
| Operating Income | 87.0M | 119.0M | 106.0M | 87.2M | 59.4M | 28.3M | 30.3M |
| Operating Margin % | 23.0% | 34.8% | 40.6% | 41.3% | 42.8% | 27.5% | 28.9% |
| Non Operating Income | 2.5M | 757,600 | 5.1M | 7.4M | 3.4M | 2.2M | 1.8M |
| Non Operating Expenses | 50,600 | 118,900 | 5,800 | 215,200 | 74,200 | 102,800 | 200.00 |
| Investment Income | 21.2M | 2.4M | 3.2M | 1.9M | 1.2M | 371,600 | 76,300 |
| Fair Value Change Income | 7.0M | 3.8M | -- | -- | -- | 221,600 | -- |
| Asset Disposal Income | 16,400 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 2.0M | 1.5M | 843,500 | 911,500 | 338,800 | -- | 86,500 |
| Other Income | 5.5M | 5.9M | 6.6M | 1.9M | 1.7M | 2.4M | -- |
| Income Before Tax | 89.5M | 120.0M | 111.0M | 94.3M | 62.8M | 30.5M | 32.1M |
| Income Tax | 4.0M | 11.6M | 12.4M | 12.5M | 8.2M | 4.0M | 4.3M |
| Net Income | 85.5M | 108.0M | 98.7M | 81.9M | 54.5M | 26.5M | 27.8M |
| Net Margin % | 22.6% | 31.6% | 37.8% | 38.8% | 39.2% | 25.7% | 26.5% |
| Net Income Attributable | 85.5M | 108.0M | 98.7M | 81.9M | 54.5M | 26.6M | 27.9M |
| Minority Interest | -- | -- | -- | -- | -- | -111,400 | -113,400 |
| Eps Basic | 1.28 | 2.00 | 1.97 | 1.64 | 1.14 | 0.61 | 0.74 |
| Eps Diluted | 1.28 | 2.00 | 1.97 | -- | -- | 0.61 | 0.74 |
| 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 | 179.0M | 253.0M | 186.0M | 161.0M | 120.0M | 5.6M | 20.9M |
| Trading Financial Assets | 1.0B | 903.0M | -- | -- | -- | 29.2M | -- |
| Accounts Receivable | 63.9M | 53.0M | 33.4M | 14.8M | 7.2M | 13.0M | 10.3M |
| Notes Receivable | 12.0M | 6.8M | 8.8M | 7.0M | 13.9M | 2.7M | 1.7M |
| Notes And Accounts Receivable | 75.9M | 59.8M | 42.3M | 21.9M | 21.1M | 15.6M | 12.0M |
| Prepayments | 9.9M | 8.6M | 1.1M | 2.4M | 3.0M | 3.2M | 3.3M |
| Inventory | 2.0M | 666,500 | 444,000 | 179,800 | 377,700 | 235,300 | 244,300 |
| Total Current Assets | 1.4B | 1.4B | 286.0M | 226.0M | 164.0M | 54.0M | 40.4M |
| Fixed Assets | -- | 150.0M | 40.3M | 32.8M | 32.1M | 23.2M | 22.9M |
| Fixed Assets Total | 175.0M | 150.0M | 40.3M | 32.8M | 32.1M | 23.2M | 22.9M |
| Construction In Progress | -- | -- | 56.9M | 9.2M | 555,500 | -- | -- |
| Construction In Progress Total | 1.7M | -- | 56.9M | 9.2M | 555,500 | -- | -- |
| Intangible Assets | 11.6M | 12.0M | 10.1M | 9.5M | 791,500 | 1.1M | 1.0M |
| Long Term Deferred Expenses | 2.7M | 5.5M | 3.3M | 2.6M | 2.1M | 1.3M | 1.5M |
| Total Non Current Assets | 201.0M | 182.0M | 118.0M | 57.7M | 36.1M | 30.4M | 26.8M |
| Total Assets | 1.6B | 1.5B | 405.0M | 284.0M | 201.0M | 84.4M | 67.2M |
| Short Term Borrowings | -- | -- | -- | -- | -- | -- | 5.0M |
| Accounts Payable | 37.8M | 27.0M | 27.4M | 12.1M | 3.9M | 3.2M | 5.2M |
| Advance Receipts | -- | -- | -- | 10,700 | -- | 17.2M | 21.6M |
| Contract Liabilities | 19.7M | 20.7M | 17.6M | 16.5M | 27.1M | -- | -- |
| Total Current Liabilities | 74.7M | 66.9M | 65.2M | 44.3M | 44.4M | 28.5M | 48.3M |
| Long Term Borrowings | -- | -- | -- | -- | -- | -- | 157,100 |
| Total Non Current Liabilities | 15.7M | 13.6M | 7.7M | 6.5M | 5.1M | 3.0M | 1.9M |
| Total Liabilities | 90.4M | 80.6M | 73.0M | 50.8M | 49.5M | 31.5M | 50.2M |
| Paid In Capital | 66.7M | 66.7M | 50.0M | 50.0M | 50.0M | 10.0M | 1.0M |
| Capital Reserve | 1.0B | 1.0B | 29.8M | 29.8M | 29.8M | 26.1M | -- |
| Surplus Reserve | 40.5M | 33.1M | 23.6M | 14.6M | 7.2M | 2.3M | 3.7M |
| Retained Earnings | 372.0M | 327.0M | 228.0M | 138.0M | 64.0M | 14.4M | 12.0M |
| Minority Equity | -- | -- | -- | -- | -- | -- | 286,600 |
| Equity Attributable | 1.5B | 1.5B | 332.0M | 233.0M | 151.0M | 52.9M | 16.7M |
| Total Equity | 1.5B | 1.5B | 332.0M | 233.0M | 151.0M | 52.9M | 17.0M |
| 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 | 353.0M | 309.0M | 231.0M | 186.0M | 120.0M | 90.8M | 101.0M |
| Total Operating Cash Inflow | 365.0M | 324.0M | 244.0M | 197.0M | 129.0M | 96.2M | 103.0M |
| Cash Paid For Goods | 193.0M | 154.0M | 102.0M | 80.6M | 42.0M | 40.7M | 44.1M |
| Cash Paid To Employees | 78.5M | 65.0M | 43.4M | 29.5M | 20.3M | 18.4M | 13.1M |
| Taxes Paid | 11.6M | 14.8M | 16.7M | 18.5M | 10.3M | 7.7M | 2.2M |
| Total Operating Cash Outflow | 318.0M | 252.0M | 171.0M | 141.0M | 81.8M | 77.8M | 67.2M |
| Operating Cash Flow | 46.8M | 71.9M | 72.3M | 55.4M | 47.1M | 18.4M | 35.9M |
| Total Investing Cash Inflow | 1.2B | 357.0M | 1.1B | 1.2B | 402.0M | 51.0M | 59.1M |
| Total Investing Cash Outflow | 1.3B | 1.4B | 1.1B | 1.3B | 379.0M | 81.0M | 63.9M |
| Investing Cash Flow | -87.1M | -1.0B | -47.5M | -13.7M | 23.5M | -29.9M | -4.8M |
| Cash From Borrowings | -- | -- | -- | -- | -- | -- | 5.0M |
| Dividends And Interest Paid | 31.1M | -- | -- | -- | -- | 4.5M | 17.2M |
| Debt Repayments | 0.00 | 0.00 | -- | -- | -- | 5.8M | 2.6M |
| Total Financing Cash Inflow | 0.00 | 1.1B | -- | -- | 43.6M | 6.6M | 5.4M |
| Total Financing Cash Outflow | 34.0M | 24.8M | 120,000 | 90,000 | -- | 10.3M | 22.8M |
| Financing Cash Flow | -34.0M | 1.0B | -120,000 | -90,000 | 43.6M | -3.7M | -17.4M |
| Net Change In Cash | -74.2M | 67.3M | 24.7M | 41.6M | 114.0M | -15.2M | 13.7M |
| Ending Cash Balance | 179.0M | 253.0M | 186.0M | 161.0M | 120.0M | 5.6M | 20.9M |
| Capex | 41.8M | 86.0M | 50.7M | 15.6M | 6.9M | 4.2M | 10.6M |