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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 510.0M | 541.0M | 605.0M | 560.0M | 530.0M | 584.0M | 414.0M | 301.0M | 296.0M | 244.0M | 271.0M | 180.0M | 163.0M |
| Revenue Growth % | -5.7% | -10.6% | 8.0% | 5.7% | -9.2% | 41.1% | 37.5% | 1.7% | 21.3% | -10.0% | 50.6% | 10.4% | -- |
| Total Revenue | 510.0M | 541.0M | 605.0M | 560.0M | 530.0M | 584.0M | 414.0M | 301.0M | 296.0M | 244.0M | 271.0M | 180.0M | 163.0M |
| Cost Of Revenue | 330.0M | 357.0M | 433.0M | 399.0M | 400.0M | 413.0M | 256.0M | 174.0M | 167.0M | 134.0M | 164.0M | 97.4M | 89.1M |
| Gross Profit | 180.0M | 184.0M | 172.0M | 161.0M | 130.0M | 171.0M | 158.0M | 127.0M | 129.0M | 110.0M | 107.0M | 82.6M | 73.9M |
| Gross Margin % | 35.3% | 34.0% | 28.4% | 28.7% | 24.5% | 29.3% | 38.2% | 42.2% | 43.6% | 45.1% | 39.5% | 45.9% | 45.3% |
| Total Operating Cost | 481.0M | 513.0M | 577.0M | 536.0M | 503.0M | 545.0M | 343.0M | 244.0M | 232.0M | 200.0M | 217.0M | 140.0M | 126.0M |
| Selling Expenses | 20.4M | 19.2M | 14.8M | 15.3M | 20.1M | 17.3M | 16.0M | 15.0M | 14.3M | 13.8M | 10.8M | 8.4M | 5.7M |
| Admin Expenses | 72.1M | 67.1M | 72.1M | 65.8M | 47.6M | 50.7M | 54.0M | 36.1M | 48.5M | 47.1M | 39.4M | 33.5M | 27.8M |
| Rd Expenses | 45.2M | 38.3M | 37.4M | 35.9M | 29.5M | 31.7M | 20.8M | 17.3M | -- | -- | -- | -- | -- |
| Finance Expenses | 2.3M | 843,600 | -2.2M | 2.4M | -10,800 | -6.2M | -12.2M | -4.3M | -2.4M | -2.3M | -3.4M | -2.1M | -642,200 |
| Operating Income | 38.8M | 40.0M | 40.8M | 36.0M | 36.8M | 41.7M | 88.5M | 63.2M | 64.5M | 43.8M | 54.2M | 41.1M | 36.8M |
| Operating Margin % | 7.6% | 7.4% | 6.7% | 6.4% | 6.9% | 7.1% | 21.4% | 21.0% | 21.8% | 18.0% | 20.0% | 22.8% | 22.6% |
| Non Operating Income | 2.9M | 4.2M | 3.2M | 4.8M | 2.4M | 5.1M | 4.8M | 3.9M | 4.4M | 3.5M | 2.5M | 2.5M | 2.2M |
| Non Operating Expenses | 451,400 | 71,500 | 1.0M | 559,100 | 1.7M | 396,100 | 953,800 | 175,300 | 129,800 | 52,200 | 188,900 | 220,300 | 550,000 |
| Investment Income | 3.9M | 3.7M | 6.8M | 4.9M | 2.6M | 2.1M | 9.5M | 2.7M | -185,800 | -5,540 | 902,600 | -146,000 | 4,350 |
| Fair Value Change Income | 23,400 | 727,400 | -427,800 | -- | -- | -- | -- | -- | -- | -- | 169,200 | 541,100 | 180,000 |
| Asset Disposal Income | 284,600 | -155,100 | 29,000 | 761,200 | -- | 83,600 | -4,700 | -18,000 | -46,500 | -- | -- | -- | -- |
| Asset Impairment Loss | 2.7M | 3.2M | 5.7M | 6.6M | -2.4M | 4.9M | 5.9M | 4.3M | 1.3M | 3.9M | 4.8M | 384,900 | 2.3M |
| Other Income | 5.6M | 7.3M | 6.6M | 6.5M | 6.8M | 1.3M | 8.0M | 3.3M | -- | -- | -- | -- | -- |
| Income Before Tax | 41.2M | 44.1M | 43.0M | 40.3M | 37.6M | 46.4M | 92.4M | 67.0M | 68.8M | 47.3M | 56.5M | 43.3M | 38.4M |
| Income Tax | 4.4M | 4.2M | 3.9M | 1.2M | 5.2M | 6.1M | 12.0M | 9.5M | 9.5M | 4.9M | 8.1M | 6.4M | 5.4M |
| Net Income | 36.8M | 39.8M | 39.1M | 39.1M | 32.4M | 40.3M | 80.4M | 57.5M | 59.3M | 42.3M | 48.5M | 36.9M | 33.0M |
| Net Margin % | 7.2% | 7.4% | 6.5% | 7.0% | 6.1% | 6.9% | 19.4% | 19.1% | 20.0% | 17.3% | 17.9% | 20.5% | 20.3% |
| Net Income Attributable | 43.0M | 39.0M | 42.3M | 41.0M | 34.9M | 40.7M | 80.1M | 57.5M | 59.3M | 42.3M | 48.5M | 36.9M | 33.0M |
| Minority Interest | -6.2M | 868,700 | -3.1M | -2.0M | -2.5M | -359,500 | 294,900 | -1,200 | -- | -- | -- | -- | -- |
| Eps Basic | 0.25 | 0.22 | 0.24 | 0.24 | 0.28 | 0.40 | 0.80 | 0.87 | 1.07 | 0.77 | 0.88 | 0.67 | 0.61 |
| Eps Diluted | 0.25 | 0.22 | 0.24 | 0.24 | 0.28 | 0.40 | 0.80 | 0.87 | 1.07 | 0.77 | 0.88 | 0.67 | 0.61 |
| 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 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 166.0M | 283.0M | 283.0M | 219.0M | 271.0M | 408.0M | 399.0M | 291.0M | 160.0M | 89.5M | 76.5M | 107.0M | 78.1M |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.0M | 1.6M |
| Accounts Receivable | 303.0M | 368.0M | 360.0M | 290.0M | 260.0M | 312.0M | 225.0M | 158.0M | 171.0M | 169.0M | 138.0M | 92.5M | 107.0M |
| Notes Receivable | 9.0M | 21.8M | 17.9M | 32.1M | 17.5M | 8.1M | 56.9M | 43.2M | 35.8M | 32.1M | 51.8M | 38.9M | 25.9M |
| Notes And Accounts Receivable | 312.0M | 390.0M | 378.0M | 322.0M | 277.0M | 320.0M | 282.0M | 201.0M | 207.0M | 202.0M | 190.0M | 131.0M | 133.0M |
| Prepayments | 16.2M | 14.7M | 34.2M | 39.4M | 33.8M | 38.1M | 46.3M | 4.1M | 5.8M | 3.7M | 7.9M | 3.5M | 5.3M |
| Inventory | 106.0M | 82.4M | 92.7M | 85.4M | 85.3M | 68.8M | 51.2M | 40.7M | 30.7M | 52.0M | 46.5M | 20.1M | 15.1M |
| Total Current Assets | 941.0M | 999.0M | 936.0M | 876.0M | 873.0M | 885.0M | 830.0M | 745.0M | 418.0M | 356.0M | 329.0M | 271.0M | 239.0M |
| Long Term Equity Investment | 93.8M | 94.2M | 96.9M | 59.2M | 56.5M | 54.8M | 5.5M | 5.3M | 6.7M | 6.9M | -- | -- | -- |
| Fixed Assets | -- | 61.5M | 60.1M | 60.8M | 32.4M | 34.6M | 21.1M | 13.1M | 12.9M | 13.3M | 10.7M | 8.1M | 4.1M |
| Fixed Assets Total | 57.6M | 61.5M | 60.1M | 60.8M | 32.4M | 34.6M | 21.1M | 13.1M | 12.9M | 13.3M | 10.7M | 8.1M | 4.1M |
| Construction In Progress | -- | 29.7M | 13.8M | 9.1M | 32.9M | 16.2M | 432,500 | 12.4M | -- | -- | 5.7M | -- | -- |
| Construction In Progress Total | 187.0M | 29.7M | 13.8M | 9.1M | 32.9M | 16.2M | 432,500 | 12.4M | -- | -- | 5.7M | -- | -- |
| Intangible Assets | 190.0M | 201.0M | 186.0M | 150.0M | 20.5M | 22.4M | 20.6M | 4.5M | 5.0M | 5.6M | 183,600 | 76,300 | 65,400 |
| Long Term Deferred Expenses | 1.2M | 3.1M | 1.9M | 1.6M | 1.6M | 1.5M | 1.9M | 1.6M | 1.9M | 2.1M | 1.5M | -- | -- |
| Total Non Current Assets | 642.0M | 471.0M | 437.0M | 356.0M | 294.0M | 189.0M | 92.3M | 48.6M | 29.5M | 30.7M | 20.3M | 9.7M | 5.8M |
| Total Assets | 1.6B | 1.5B | 1.4B | 1.2B | 1.2B | 1.1B | 922.0M | 793.0M | 447.0M | 386.0M | 349.0M | 281.0M | 245.0M |
| Short Term Borrowings | 294.0M | 248.0M | 128.0M | 123.0M | 135.0M | 102.0M | 18.7M | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 114.0M | 109.0M | 119.0M | 109.0M | 89.8M | 81.8M | 60.4M | 43.6M | 45.5M | 46.2M | 48.4M | 25.6M | 32.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 38.7M | 29.1M | 11.7M | 5.7M | 6.6M | 5.4M | 5.3M | 3.1M |
| Contract Liabilities | 36.5M | 32.1M | 49.5M | 41.1M | 53.4M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 505.0M | 457.0M | 391.0M | 343.0M | 329.0M | 265.0M | 169.0M | 81.3M | 75.3M | 74.0M | 79.1M | 59.1M | 54.8M |
| Long Term Borrowings | -- | -- | 15.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 48.6M | 15.4M | 31.0M | 18.3M | 1.6M | 1.8M | -- | 109,600 | 609,600 | 235,200 | 246,000 | -- | 264,100 |
| Total Liabilities | 554.0M | 472.0M | 422.0M | 361.0M | 331.0M | 267.0M | 169.0M | 81.4M | 75.9M | 74.2M | 79.4M | 59.1M | 55.1M |
| Paid In Capital | 175.0M | 175.0M | 174.0M | 125.0M | 101.0M | 101.0M | 75.0M | 73.7M | 55.3M | 55.3M | 55.3M | 55.3M | 55.3M |
| Capital Reserve | 328.0M | 321.0M | 307.0M | 339.0M | 370.0M | 382.0M | 380.0M | 342.0M | 78.3M | 78.3M | 78.3M | 78.3M | 83.3M |
| Surplus Reserve | 63.1M | 57.5M | 53.7M | 49.0M | 45.2M | 40.9M | 36.2M | 28.8M | 23.2M | 17.5M | 13.5M | 8.8M | 5.1M |
| Retained Earnings | 394.0M | 369.0M | 347.0M | 322.0M | 296.0M | 265.0M | 279.0M | 267.0M | 215.0M | 161.0M | 123.0M | 78.9M | 45.8M |
| Minority Equity | 67.9M | 75.8M | 69.9M | 35.7M | 31.5M | 33.9M | 8.3M | 973,800 | -- | -- | -- | -- | -- |
| Equity Attributable | 961.0M | 922.0M | 881.0M | 835.0M | 804.0M | 773.0M | 746.0M | 711.0M | 371.0M | 312.0M | 270.0M | 221.0M | 190.0M |
| Total Equity | 1.0B | 998.0M | 951.0M | 870.0M | 836.0M | 807.0M | 754.0M | 712.0M | 371.0M | 312.0M | 270.0M | 221.0M | 190.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 564.0M | 565.0M | 685.0M | 565.0M | 539.0M | 587.0M | 397.0M | 311.0M | 311.0M | 264.0M | 224.0M | 199.0M | 173.0M |
| Tax Refunds Received | 2.6M | 4.6M | 4.6M | 6.1M | 153,000 | 1.1M | 1.3M | 1.2M | 1.8M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 595.0M | 604.0M | 719.0M | 612.0M | 569.0M | 624.0M | 430.0M | 346.0M | 337.0M | 275.0M | 248.0M | 209.0M | 176.0M |
| Cash Paid For Goods | 313.0M | 323.0M | 395.0M | 386.0M | 390.0M | 392.0M | 268.0M | 130.0M | 104.0M | 133.0M | 163.0M | 96.6M | 83.6M |
| Cash Paid To Employees | 149.0M | 141.0M | 135.0M | 126.0M | 99.2M | 102.0M | 85.7M | 72.7M | 65.6M | 55.7M | 39.0M | 29.4M | 24.4M |
| Taxes Paid | 42.2M | 36.4M | 42.3M | 30.5M | 33.9M | 33.6M | 37.0M | 29.4M | 39.2M | 29.9M | 21.7M | 17.5M | 18.8M |
| Total Operating Cash Outflow | 564.0M | 554.0M | 621.0M | 589.0M | 581.0M | 578.0M | 446.0M | 289.0M | 254.0M | 261.0M | 257.0M | 182.0M | 155.0M |
| Operating Cash Flow | 30.7M | 50.6M | 98.5M | 22.3M | -12.0M | 46.4M | -15.8M | 56.7M | 83.0M | 13.9M | -8.7M | 26.2M | 21.6M |
| Total Investing Cash Inflow | 3.7M | 7.5M | 7.6M | 1.1M | 40.8M | 165.0M | 454.0M | 166.0M | 172,400 | 14,500 | 3.1M | 1.8M | 4,350 |
| Total Investing Cash Outflow | 185.0M | 149.0M | 61.8M | 38.9M | 184.0M | 262.0M | 318.0M | 383.0M | 2.8M | 13.3M | 12.4M | 9.5M | 4.6M |
| Investing Cash Flow | -181.0M | -141.0M | -54.2M | -37.8M | -143.0M | -96.3M | 136.0M | -217.0M | -2.6M | -13.3M | -9.4M | -7.6M | -4.6M |
| Cash From Borrowings | 294.0M | 265.0M | 154.0M | 123.0M | 160.0M | 112.0M | 18.7M | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 21.4M | 20.3M | 17.8M | 18.2M | 6.2M | 28.4M | 60.2M | 2,300 | -- | -- | -- | -- | 28.6M |
| Debt Repayments | 240.0M | 175.0M | 125.0M | 135.0M | 127.0M | 28.4M | -- | -- | -- | -- | -- | -- | 8.0M |
| Total Financing Cash Inflow | 306.0M | 298.0M | 171.0M | 135.0M | 167.0M | 165.0M | 46.8M | 295.0M | -- | -- | -- | -- | 75.0M |
| Total Financing Cash Outflow | 280.0M | 209.0M | 160.0M | 169.0M | 146.0M | 82.7M | 69.2M | 17.1M | -- | -- | -- | -- | 36.6M |
| Financing Cash Flow | 25.6M | 88.8M | 10.4M | -33.5M | 21.3M | 82.7M | -22.4M | 278.0M | -- | -- | -- | -- | 38.4M |
| Net Change In Cash | -125.0M | -937,900 | 59.2M | -50.3M | -136.0M | 33.4M | 99.0M | 116.0M | 80.4M | 626,900 | -18.0M | 18.6M | 55.5M |
| Ending Cash Balance | 149.0M | 274.0M | 275.0M | 216.0M | 266.0M | 402.0M | 368.0M | 269.0M | 140.0M | 72.8M | 72.2M | 90.2M | 71.7M |
| Capex | 105.0M | 53.5M | 26.8M | 9.9M | 144.0M | 29.1M | 35.0M | 21.3M | 2.8M | 6.4M | 12.4M | 2.6M | 4.5M |