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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.8B | 1.3B | 1.2B | 938.0M | 886.0M | 872.0M | 517.0M | 212.0M |
| Revenue Growth % | -20.5% | 37.5% | 7.7% | 31.4% | 5.9% | 1.6% | 68.7% | 143.9% | -- |
| Total Revenue | 1.5B | 1.8B | 1.3B | 1.2B | 938.0M | 886.0M | 872.0M | 517.0M | 212.0M |
| Cost Of Revenue | 1.0B | 1.4B | 956.0M | 897.0M | 677.0M | 615.0M | 618.0M | 387.0M | 134.0M |
| Gross Profit | 417.0M | 469.0M | 372.0M | 336.0M | 261.0M | 271.0M | 254.0M | 130.0M | 78.0M |
| Gross Margin % | 28.7% | 25.7% | 28.0% | 27.3% | 27.8% | 30.6% | 29.1% | 25.1% | 36.8% |
| Total Operating Cost | 1.3B | 1.7B | 1.2B | 1.1B | 802.0M | 759.0M | 748.0M | 485.0M | 177.0M |
| Selling Expenses | 85.8M | 66.9M | 69.1M | 44.4M | 28.4M | 34.5M | 26.2M | 10.8M | 5.4M |
| Admin Expenses | 85.6M | 73.5M | 52.5M | 43.4M | 31.6M | 40.2M | 37.9M | 47.7M | 17.9M |
| Rd Expenses | 94.6M | 102.0M | 73.3M | 56.2M | 38.9M | 39.9M | 39.3M | 23.9M | 15.1M |
| Finance Expenses | 15.8M | 7.1M | -2.0M | -3.2M | 9.6M | 13.0M | 9.1M | 2.7M | 884,900 |
| Operating Income | 137.0M | 179.0M | 141.0M | 175.0M | 143.0M | 133.0M | 128.0M | 33.2M | 35.7M |
| Operating Margin % | 9.4% | 9.8% | 10.6% | 14.2% | 15.2% | 15.0% | 14.7% | 6.4% | 16.9% |
| Non Operating Income | 73,100 | 767,400 | 960,800 | 5,000 | 3.5M | 1.2M | 48,800 | 12,300 | 649,500 |
| Non Operating Expenses | 1.6M | 491,900 | 340,000 | 1.2M | 3.6M | 93,600 | 118,300 | 40,800 | 1,300 |
| Investment Income | -2.7M | -70,600 | 2.6M | 3.0M | 1.8M | -- | 50,500 | 208,600 | 143,100 |
| Fair Value Change Income | -- | -- | -- | 729,000 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -395,600 | -6,700 | -- | -68,100 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 266,300 | 11.8M | -7.1M | -3.0M | 6.4M | -- | 13.4M | 9.9M | 3.3M |
| Other Income | 26.1M | 34.1M | 7.4M | 8.5M | 5.4M | 6.8M | 4.6M | 944,000 | -- |
| Income Before Tax | 136.0M | 180.0M | 141.0M | 174.0M | 143.0M | 134.0M | 128.0M | 33.2M | 36.4M |
| Income Tax | 14.3M | 14.2M | 11.2M | 21.3M | 21.6M | 20.9M | 16.9M | 10.2M | 6.2M |
| Net Income | 121.0M | 165.0M | 130.0M | 152.0M | 122.0M | 113.0M | 111.0M | 23.0M | 30.2M |
| Net Margin % | 8.3% | 9.0% | 9.8% | 12.3% | 13.0% | 12.8% | 12.7% | 4.4% | 14.2% |
| Net Income Attributable | 120.0M | 165.0M | 130.0M | 152.0M | 122.0M | 113.0M | 111.0M | 22.8M | 30.1M |
| Minority Interest | 1.5M | -21,000 | -- | -- | -- | -- | -- | 156,600 | 133,000 |
| Eps Basic | 0.82 | 1.13 | 1.05 | 1.31 | 1.31 | 1.22 | 1.80 | -- | -- |
| Eps Diluted | 0.82 | 1.13 | 1.05 | 1.31 | 1.31 | 1.22 | 1.80 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 548.0M | 654.0M | 510.0M | 575.0M | 359.0M | 456.0M | 317.0M | 34.1M | 5.5M |
| Trading Financial Assets | -- | -- | -- | 296.0M | 40.0M | -- | -- | -- | -- |
| Accounts Receivable | 1.1B | 1.3B | 1.0B | 687.0M | 380.0M | 440.0M | 370.0M | 242.0M | 107.0M |
| Notes Receivable | 9.0M | 3.0M | 2.3M | -- | 1.2M | 32.2M | 36.4M | 30.7M | 9.8M |
| Notes And Accounts Receivable | 1.1B | 1.3B | 1.0B | 687.0M | 381.0M | 473.0M | 406.0M | 273.0M | 116.0M |
| Prepayments | 3.9M | 16.4M | 19.7M | 22.3M | 6.2M | 7.4M | 8.5M | 7.7M | 3.9M |
| Inventory | 748.0M | 655.0M | 350.0M | 183.0M | 143.0M | 188.0M | 223.0M | 140.0M | 150.0M |
| Total Current Assets | 2.6B | 2.8B | 2.1B | 1.9B | 1.1B | 1.2B | 984.0M | 464.0M | 289.0M |
| Fixed Assets | -- | 389.0M | 333.0M | 89.5M | 86.9M | 92.1M | 93.6M | 6.6M | -- |
| Fixed Assets Total | 522.0M | 389.0M | 333.0M | 89.5M | 86.9M | 92.1M | 93.6M | 6.6M | 6.4M |
| Construction In Progress | -- | 9.1M | 33.0M | 168.0M | 41.3M | 5.2M | 1.7M | 55.6M | -- |
| Construction In Progress Total | 347.0M | 9.1M | 33.0M | 168.0M | 41.3M | 5.2M | 1.7M | 55.6M | 723,200 |
| Intangible Assets | 86.3M | 70.5M | 37.8M | 37.3M | 36.7M | 36.6M | 11.6M | 11.4M | 11.6M |
| Long Term Deferred Expenses | 12.8M | 12.9M | 4.5M | -- | -- | -- | 284,800 | 595,500 | 906,200 |
| Total Non Current Assets | 1.4B | 644.0M | 543.0M | 349.0M | 204.0M | 177.0M | 114.0M | 81.7M | 23.4M |
| Total Assets | 3.9B | 3.5B | 2.6B | 2.2B | 1.3B | 1.4B | 1.1B | 545.0M | 312.0M |
| Short Term Borrowings | 505.0M | 347.0M | 160.0M | 45.0M | 60.1M | 120.0M | 96.2M | 69.0M | 20.0M |
| Accounts Payable | 813.0M | 799.0M | 599.0M | 394.0M | 316.0M | 378.0M | 338.0M | 229.0M | 101.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 113.0M | 107.0M | 70.9M | 68.4M |
| Contract Liabilities | 102.0M | 107.0M | 6.2M | 18.5M | 26.5M | -- | -- | -- | -- |
| Total Current Liabilities | 1.8B | 1.8B | 1.1B | 849.0M | 617.0M | 743.0M | 611.0M | 439.0M | 224.0M |
| Long Term Borrowings | 270.0M | 48.0M | 6.5M | 11.5M | 14.0M | 35.1M | 19.1M | -- | -- |
| Total Non Current Liabilities | 466.0M | 62.7M | 27.2M | 12.2M | 14.0M | 35.1M | 19.1M | -- | -- |
| Total Liabilities | 2.3B | 1.9B | 1.2B | 861.0M | 631.0M | 778.0M | 630.0M | 439.0M | 224.0M |
| Paid In Capital | 149.0M | 125.0M | 125.0M | 125.0M | 92.9M | 92.9M | 92.9M | 31.6M | 30.0M |
| Capital Reserve | 794.0M | 810.0M | 814.0M | 806.0M | 227.0M | 227.0M | 227.0M | 4.0M | 10.4M |
| Surplus Reserve | 63.5M | 55.5M | 43.6M | 32.5M | 21.5M | 13.3M | 6.3M | 4.1M | 3.7M |
| Retained Earnings | 752.0M | 674.0M | 540.0M | 466.0M | 362.0M | 248.0M | 142.0M | 66.2M | 43.7M |
| Minority Equity | 8.9M | 7.4M | -- | -- | -- | -- | -- | -- | 352,700 |
| Equity Attributable | 1.7B | 1.6B | 1.4B | 1.4B | 703.0M | 581.0M | 468.0M | 106.0M | 87.7M |
| Total Equity | 1.7B | 1.6B | 1.4B | 1.4B | 703.0M | 581.0M | 468.0M | 106.0M | 88.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.5B | 1.4B | 907.0M | 814.0M | 696.0M | 709.0M | 776.0M | 343.0M | 206.0M |
| Tax Refunds Received | -- | 2.7M | 9.9M | -- | -- | 941,000 | -- | -- | -- |
| Total Operating Cash Inflow | 1.5B | 1.5B | 985.0M | 895.0M | 761.0M | 760.0M | 831.0M | 360.0M | 210.0M |
| Cash Paid For Goods | 1.1B | 953.0M | 727.0M | 543.0M | 407.0M | 311.0M | 510.0M | 247.0M | 159.0M |
| Cash Paid To Employees | 265.0M | 223.0M | 178.0M | 131.0M | 94.3M | 101.0M | 82.5M | 36.3M | 21.2M |
| Taxes Paid | 80.6M | 72.7M | 98.5M | 58.3M | 73.4M | 76.9M | 48.2M | 34.3M | 13.2M |
| Total Operating Cash Outflow | 1.6B | 1.5B | 1.2B | 861.0M | 672.0M | 618.0M | 755.0M | 384.0M | 223.0M |
| Operating Cash Flow | -103.0M | 227,500 | -171.0M | 34.4M | 89.7M | 142.0M | 76.9M | -23.3M | -13.0M |
| Total Investing Cash Inflow | 2.9M | 84.1M | 589.0M | 537.0M | 583.0M | 5.6M | 6.2M | 170.0M | 8.9M |
| Total Investing Cash Outflow | 275.0M | 190.0M | 480.0M | 909.0M | 684.0M | 106.0M | 82.1M | 181.0M | 29.6M |
| Investing Cash Flow | -272.0M | -106.0M | 109.0M | -372.0M | -100.0M | -101.0M | -75.9M | -11.5M | -20.6M |
| Cash From Borrowings | 785.0M | 556.0M | 159.0M | 45.0M | 75.0M | 145.0M | 175.0M | 79.0M | 20.0M |
| Dividends And Interest Paid | 40.4M | 25.8M | 49.3M | 38.6M | 5.4M | 7.8M | 7.3M | 2.1M | 299,900 |
| Debt Repayments | 403.0M | 331.0M | 47.5M | 61.0M | 162.0M | 82.0M | 144.0M | 30.0M | -- |
| Total Financing Cash Inflow | 800.0M | 602.0M | 159.0M | 668.0M | 76.5M | 147.0M | 446.0M | 93.1M | 30.2M |
| Total Financing Cash Outflow | 525.0M | 397.0M | 185.0M | 121.0M | 172.0M | 96.3M | 169.0M | 45.2M | 2.5M |
| Financing Cash Flow | 276.0M | 205.0M | -25.8M | 548.0M | -95.2M | 50.7M | 277.0M | 47.9M | 27.7M |
| Net Change In Cash | -99.5M | 99.6M | -85.8M | 210.0M | -107.0M | 91.9M | 278.0M | 13.1M | -6.0M |
| Ending Cash Balance | 401.0M | 501.0M | 401.0M | 487.0M | 277.0M | 384.0M | 292.0M | 14.4M | 1.4M |
| Capex | 260.0M | 110.0M | 168.0M | 124.0M | 62.5M | 90.8M | 64.3M | 5.5M | 15.6M |