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 |
|---|---|---|---|---|---|---|
| Revenue | 612.0M | 488.0M | 406.0M | 293.0M | 175.0M | 157.0M |
| Revenue Growth % | 25.4% | 20.2% | 38.6% | 67.4% | 11.5% | -- |
| Total Revenue | 612.0M | 488.0M | 406.0M | 293.0M | 175.0M | 157.0M |
| Cost Of Revenue | 372.0M | 279.0M | 242.0M | 171.0M | 93.1M | 79.7M |
| Gross Profit | 240.0M | 209.0M | 164.0M | 122.0M | 81.9M | 77.3M |
| Gross Margin % | 39.2% | 42.8% | 40.4% | 41.6% | 46.8% | 49.3% |
| Total Operating Cost | 437.0M | 326.0M | 278.0M | 219.0M | 125.0M | 117.0M |
| Selling Expenses | 9.1M | 5.4M | 3.2M | 2.8M | 1.8M | 9.7M |
| Admin Expenses | 26.5M | 19.3M | 15.8M | 21.8M | 14.1M | 14.7M |
| Rd Expenses | 32.9M | 24.9M | 20.7M | 17.2M | 10.1M | 10.7M |
| Finance Expenses | -9.6M | -9.3M | -8.1M | 992,200 | 709,100 | -298,500 |
| Operating Income | 182.0M | 165.0M | 137.0M | 74.8M | 56.2M | 41.8M |
| Operating Margin % | 29.7% | 33.8% | 33.7% | 25.5% | 32.1% | 26.6% |
| Non Operating Income | 13,000 | 264,200 | 98,900 | 48,100 | 4,800 | 2,000 |
| Non Operating Expenses | 1.1M | 253,800 | 17,000 | 712,300 | 941,400 | 96,800 |
| Investment Income | 2.1M | 30,400 | 86,300 | 296,300 | 1.7M | 425,800 |
| Fair Value Change Income | 2.3M | 25,600 | -- | -- | -- | -- |
| Asset Disposal Income | -3,800 | 511,700 | 754,700 | 119,500 | 600.00 | 37,600 |
| Asset Impairment Loss | 558,200 | 420,700 | 891,100 | 1.3M | 1.0M | 411,900 |
| Other Income | 2.4M | 2.7M | 8.5M | 337,300 | 4.0M | 1.1M |
| Income Before Tax | 181.0M | 165.0M | 137.0M | 74.1M | 55.3M | 41.7M |
| Income Tax | 23.9M | 22.5M | 16.6M | 10.6M | 8.1M | 6.2M |
| Net Income | 157.0M | 142.0M | 120.0M | 63.5M | 47.2M | 35.5M |
| Net Margin % | 25.7% | 29.1% | 29.6% | 21.7% | 27.0% | 22.6% |
| Net Income Attributable | 150.0M | 137.0M | 116.0M | 60.7M | 45.0M | 35.3M |
| Minority Interest | 6.7M | 5.0M | 3.9M | 2.8M | 2.2M | 222,500 |
| Eps Basic | 2.59 | 2.69 | 2.28 | 0.85 | 0.60 | 0.47 |
| Eps Diluted | 2.59 | 2.69 | 2.28 | 0.85 | 0.60 | 0.47 |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 315.0M | 130.0M | 125.0M | 20.6M | 57.6M | 29.8M |
| Trading Financial Assets | 575.0M | 40.0M | -- | 1,200 | -- | 10.0M |
| Accounts Receivable | 152.0M | 141.0M | 114.0M | 110.0M | 75.0M | 48.0M |
| Notes Receivable | 581,800 | 8.5M | 8.6M | 7.4M | 3.2M | 7.0M |
| Notes And Accounts Receivable | 153.0M | 149.0M | 123.0M | 117.0M | 78.1M | 55.0M |
| Prepayments | 3.1M | 3.2M | 2.0M | 4.0M | 2.1M | 1.4M |
| Inventory | 94.4M | 81.2M | 78.3M | 79.6M | 36.6M | 28.6M |
| Total Current Assets | 1.1B | 452.0M | 358.0M | 235.0M | 183.0M | 152.0M |
| Fixed Assets | -- | 87.6M | 90.0M | 71.8M | 61.2M | 52.9M |
| Fixed Assets Total | 89.3M | 87.6M | 90.0M | 71.8M | 61.2M | 52.9M |
| Construction In Progress | -- | 25.9M | 708,000 | 6.5M | -- | -- |
| Construction In Progress Total | 97.9M | 25.9M | 708,000 | 6.5M | -- | -- |
| Intangible Assets | 33.0M | 33.8M | 11.9M | 12.2M | 12.4M | 13.1M |
| Long Term Deferred Expenses | 3.9M | 3.5M | 7.4M | 11.2M | 14.2M | 5.3M |
| Total Non Current Assets | 240.0M | 174.0M | 113.0M | 107.0M | 94.6M | 72.9M |
| Total Assets | 1.4B | 626.0M | 471.0M | 343.0M | 278.0M | 225.0M |
| Short Term Borrowings | 19.8M | -- | -- | -- | -- | -- |
| Accounts Payable | 50.8M | 36.2M | 22.3M | 25.5M | 14.0M | 10.1M |
| Advance Receipts | -- | -- | -- | -- | -- | 163,300 |
| Contract Liabilities | 4.3M | 746,000 | 1.5M | 781,700 | 859,400 | -- |
| Total Current Liabilities | 220.0M | 71.7M | 53.1M | 46.6M | 27.6M | 22.9M |
| Total Non Current Liabilities | 9.6M | 8.8M | 9.8M | 8.1M | 4.7M | 3.9M |
| Total Liabilities | 230.0M | 80.4M | 62.8M | 54.8M | 32.3M | 26.8M |
| Paid In Capital | 68.0M | 51.0M | 51.0M | 51.0M | 75.7M | 75.7M |
| Capital Reserve | 532.0M | 90.5M | 89.9M | 88.3M | 83.0M | 81.8M |
| Surplus Reserve | 34.0M | 25.5M | 24.7M | 13.6M | 7.6M | 3.3M |
| Retained Earnings | 509.0M | 368.0M | 231.0M | 126.0M | 71.4M | 30.7M |
| Minority Equity | 10.3M | 10.5M | 10.3M | 9.0M | 7.8M | 6.6M |
| Equity Attributable | 1.1B | 535.0M | 398.0M | 279.0M | 237.0M | 192.0M |
| Total Equity | 1.2B | 546.0M | 408.0M | 288.0M | 245.0M | 198.0M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 638.0M | 347.0M | 338.0M | 182.0M | 128.0M | 133.0M |
| Tax Refunds Received | 2.0M | -- | 8,400 | -- | 2.7M | -- |
| Total Operating Cash Inflow | 654.0M | 355.0M | 346.0M | 182.0M | 135.0M | 135.0M |
| Cash Paid For Goods | 142.0M | 77.7M | 102.0M | 78.0M | 24.8M | 26.1M |
| Cash Paid To Employees | 130.0M | 99.6M | 87.5M | 64.3M | 37.1M | 38.6M |
| Taxes Paid | 42.3M | 48.6M | 26.8M | 15.1M | 16.9M | 15.8M |
| Total Operating Cash Outflow | 340.0M | 238.0M | 223.0M | 166.0M | 84.4M | 92.8M |
| Operating Cash Flow | 314.0M | 118.0M | 123.0M | 16.6M | 50.5M | 42.1M |
| Total Investing Cash Inflow | 978.0M | 38.0M | 66.3M | 125.0M | 307.0M | 110.0M |
| Total Investing Cash Outflow | 1.6B | 148.0M | 83.8M | 151.0M | 328.0M | 129.0M |
| Investing Cash Flow | -616.0M | -110.0M | -17.5M | -26.0M | -20.5M | -19.0M |
| Cash From Borrowings | 19.8M | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 5.3M | 5.1M | 3.5M | 1.4M | -- | 15.1M |
| Total Financing Cash Inflow | 496.0M | -- | -- | -- | -- | 2.9M |
| Total Financing Cash Outflow | 18.2M | 6.3M | 6.8M | 26.4M | 1.0M | 15.1M |
| Financing Cash Flow | 478.0M | -6.3M | -6.8M | -26.4M | -1.0M | -12.2M |
| Net Change In Cash | 177.0M | 4.6M | 105.0M | -37.0M | 27.8M | 11.0M |
| Ending Cash Balance | 307.0M | 130.0M | 125.0M | 20.6M | 57.6M | 29.8M |
| Capex | 80.4M | 75.7M | 18.4M | 27.3M | 32.2M | 10.5M |