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 | 1.1B | 871.0M | 740.0M | 620.0M | 857.0M | 308.0M |
| Revenue Growth % | 20.6% | 17.7% | 19.4% | -27.7% | 178.2% | -- |
| Total Revenue | 1.1B | 871.0M | 740.0M | 620.0M | 857.0M | 308.0M |
| Cost Of Revenue | 779.0M | 656.0M | 551.0M | 471.0M | 575.0M | 165.0M |
| Gross Profit | 271.0M | 215.0M | 189.0M | 149.0M | 282.0M | 143.0M |
| Gross Margin % | 25.8% | 24.7% | 25.5% | 24.0% | 32.9% | 46.4% |
| Total Operating Cost | 918.0M | 769.0M | 632.0M | 548.0M | 750.0M | 243.0M |
| Selling Expenses | 15.1M | 12.4M | 9.1M | 7.6M | 5.7M | 12.7M |
| Admin Expenses | 63.5M | 49.2M | 38.9M | 39.4M | 103.0M | 37.9M |
| Rd Expenses | 29.3M | 26.9M | 26.4M | 18.3M | 17.1M | 14.6M |
| Finance Expenses | 8.3M | 5.5M | 2.7M | 5.6M | 6.1M | 3.2M |
| Operating Income | 130.0M | 101.0M | 110.0M | 78.5M | 139.0M | 66.1M |
| Operating Margin % | 12.4% | 11.6% | 14.9% | 12.7% | 16.2% | 21.5% |
| Non Operating Income | 289,100 | 499,900 | 207,700 | 144,700 | 33,500 | 48,800 |
| Non Operating Expenses | 2.3M | 1.8M | 1.5M | 1.5M | 958,800 | 159,700 |
| Investment Income | -6.9M | -6.2M | -3.9M | -2.3M | -2.0M | -1.4M |
| Asset Disposal Income | -566,300 | -699,600 | 30,300 | 283,200 | 33.2M | -31,800 |
| Asset Impairment Loss | 13.4M | 3.1M | 4.4M | 1.9M | 17.9M | -- |
| Other Income | 4.9M | 5.2M | 6.6M | 8.8M | 927,600 | 1.7M |
| Income Before Tax | 128.0M | 99.7M | 109.0M | 77.2M | 139.0M | 66.0M |
| Income Tax | 22.5M | 17.1M | 21.4M | 15.3M | 34.8M | 14.5M |
| Net Income | 105.0M | 82.6M | 87.5M | 61.8M | 104.0M | 51.5M |
| Net Margin % | 10.0% | 9.5% | 11.8% | 10.0% | 12.1% | 16.7% |
| Net Income Attributable | 105.0M | 82.6M | 87.5M | 61.8M | 104.0M | 49.7M |
| Minority Interest | -- | -- | -- | -- | -497,800 | 1.8M |
| Eps Basic | 3.17 | 2.49 | 2.63 | 1.87 | 3.48 | 4.39 |
| Eps Diluted | 3.17 | 2.49 | 2.63 | 1.87 | 3.48 | 4.39 |
| 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 | 175.0M | 182.0M | 136.0M | 44.7M | 17.1M | 33.7M |
| Trading Financial Assets | 2.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 478.0M | 417.0M | 277.0M | 270.0M | 380.0M | 142.0M |
| Notes Receivable | 19.1M | 35.9M | 21.5M | 56.2M | 77.5M | 42.7M |
| Notes And Accounts Receivable | 497.0M | 453.0M | 299.0M | 326.0M | 457.0M | 185.0M |
| Prepayments | 65.5M | 31.9M | 17.1M | 15.4M | 19.2M | 24.5M |
| Inventory | 191.0M | 177.0M | 112.0M | 83.8M | 72.2M | 66.9M |
| Total Current Assets | 1.2B | 956.0M | 767.0M | 595.0M | 626.0M | 410.0M |
| Fixed Assets | -- | 195.0M | 105.0M | 106.0M | 105.0M | 35.9M |
| Fixed Assets Total | 206.0M | 195.0M | 105.0M | 106.0M | 105.0M | 35.9M |
| Construction In Progress | -- | 2.1M | 29.4M | -- | 2.0M | 1.3M |
| Construction In Progress Total | 36.4M | 2.1M | 29.4M | -- | 2.0M | 1.3M |
| Intangible Assets | 38.6M | 39.1M | 33.9M | 28.4M | 29.5M | 2.5M |
| Long Term Deferred Expenses | 36.6M | 24.0M | 22.6M | 17.0M | 27.5M | 4.7M |
| Total Non Current Assets | 357.0M | 298.0M | 224.0M | 187.0M | 179.0M | 55.7M |
| Total Assets | 1.5B | 1.3B | 991.0M | 782.0M | 805.0M | 466.0M |
| Short Term Borrowings | 254.0M | 190.0M | 75.8M | 42.9M | 30.0M | 41.6M |
| Accounts Payable | 363.0M | 247.0M | 208.0M | 147.0M | 197.0M | 89.4M |
| Advance Receipts | -- | -- | -- | -- | -- | 71.5M |
| Contract Liabilities | 1.8M | 168,500 | 411,500 | 5.7M | 5.8M | -- |
| Total Current Liabilities | 770.0M | 623.0M | 452.0M | 337.0M | 447.0M | 367.0M |
| Total Non Current Liabilities | 16.9M | 8.5M | 6.3M | 6.8M | 2.2M | -- |
| Total Liabilities | 787.0M | 631.0M | 458.0M | 344.0M | 449.0M | 367.0M |
| Paid In Capital | 33.2M | 33.2M | 33.2M | 33.2M | 32.9M | 28.6M |
| Capital Reserve | 240.0M | 233.0M | 226.0M | 219.0M | 198.0M | 49.8M |
| Surplus Reserve | 17.3M | 17.3M | 14.9M | 12.2M | 7.7M | 2.7M |
| Retained Earnings | 444.0M | 339.0M | 259.0M | 174.0M | 117.0M | 17.4M |
| Minority Equity | -- | -- | -- | -- | -- | 459,500 |
| Equity Attributable | 735.0M | 622.0M | 533.0M | 439.0M | 355.0M | 98.5M |
| Total Equity | 735.0M | 622.0M | 533.0M | 439.0M | 355.0M | 99.0M |
| 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 | 820.0M | 630.0M | 468.0M | 392.0M | 394.0M | 177.0M |
| Tax Refunds Received | -- | -- | -- | -- | 274,600 | 1.6M |
| Total Operating Cash Inflow | 869.0M | 663.0M | 488.0M | 405.0M | 441.0M | 318.0M |
| Cash Paid For Goods | 453.0M | 322.0M | 188.0M | 206.0M | 221.0M | 92.5M |
| Cash Paid To Employees | 194.0M | 167.0M | 131.0M | 130.0M | 132.0M | 53.5M |
| Taxes Paid | 95.2M | 78.1M | 46.6M | 90.0M | 40.4M | 12.3M |
| Total Operating Cash Outflow | 832.0M | 613.0M | 419.0M | 477.0M | 510.0M | 345.0M |
| Operating Cash Flow | 36.9M | 49.4M | 68.2M | -72.3M | -69.2M | -26.9M |
| Total Investing Cash Inflow | 12.0M | 2.9M | 8,500 | 252,500 | 94.0M | 31.8M |
| Total Investing Cash Outflow | 103.0M | 94.8M | 64.4M | 47.6M | 112.0M | 89.6M |
| Investing Cash Flow | -90.8M | -91.9M | -64.4M | -47.3M | -18.3M | -57.8M |
| Cash From Borrowings | 290.0M | 206.0M | 153.0M | 213.0M | 134.0M | 64.3M |
| Dividends And Interest Paid | 6.5M | 3.2M | 1.5M | 5.2M | 6.5M | 2.6M |
| Debt Repayments | 226.0M | 85.8M | 57.9M | 75.0M | 161.0M | 22.0M |
| Total Financing Cash Inflow | 290.0M | 206.0M | 153.0M | 228.0M | 290.0M | 147.0M |
| Total Financing Cash Outflow | 243.0M | 102.0M | 74.4M | 103.0M | 221.0M | 36.2M |
| Financing Cash Flow | 47.8M | 104.0M | 78.8M | 125.0M | 68.6M | 111.0M |
| Net Change In Cash | -6.1M | 61.6M | 82.5M | 4.9M | -18.9M | 26.2M |
| Ending Cash Balance | 155.0M | 161.0M | 99.2M | 16.7M | 11.8M | 30.7M |
| Capex | 88.9M | 94.1M | 64.4M | 17.5M | 39.9M | 20.1M |