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 | 1.1B | 765.0M | 628.0M | 417.0M | 293.0M | 266.0M | 246.0M | 235.0M | 248.0M | 175.0M | 109.0M | 73.8M | 52.2M |
| Revenue Growth % | 39.7% | 21.8% | 50.6% | 42.3% | 10.2% | 8.1% | 4.7% | -5.2% | 41.7% | 60.6% | 47.7% | 41.4% | -- |
| Total Revenue | 1.1B | 765.0M | 628.0M | 417.0M | 293.0M | 266.0M | 246.0M | 235.0M | 248.0M | 175.0M | 109.0M | 73.8M | 52.2M |
| Cost Of Revenue | 761.0M | 508.0M | 384.0M | 297.0M | 209.0M | 188.0M | 184.0M | 170.0M | 173.0M | 120.0M | 81.8M | 59.1M | 43.9M |
| Gross Profit | 308.0M | 257.0M | 244.0M | 120.0M | 84.0M | 78.0M | 62.0M | 65.0M | 75.0M | 55.0M | 27.2M | 14.6M | 8.3M |
| Gross Margin % | 28.8% | 33.6% | 38.9% | 28.8% | 28.7% | 29.3% | 25.2% | 27.7% | 30.2% | 31.4% | 25.0% | 19.8% | 15.9% |
| Total Operating Cost | 897.0M | 601.0M | 458.0M | 354.0M | 252.0M | 237.0M | 234.0M | 213.0M | 218.0M | 153.0M | 104.0M | 74.6M | 56.2M |
| Selling Expenses | 16.6M | 14.0M | 12.3M | 8.4M | 6.5M | 17.6M | 19.2M | 14.1M | 15.8M | 8.9M | 6.0M | 4.1M | 3.4M |
| Admin Expenses | 55.5M | 36.9M | 29.8M | 22.6M | 16.5M | 13.9M | 14.3M | 13.9M | 22.7M | 18.3M | 10.3M | 7.6M | 6.2M |
| Rd Expenses | 47.9M | 32.5M | 23.1M | 15.2M | 11.4M | 10.8M | 11.4M | 10.0M | -- | -- | -- | -- | -- |
| Finance Expenses | 2.7M | 1.1M | 1.7M | 3.7M | 3.0M | 3.0M | 3.1M | 3.8M | 3.9M | 4.3M | 4.7M | 3.7M | 2.7M |
| Operating Income | 188.0M | 171.0M | 177.0M | 67.6M | 51.6M | 40.5M | 16.5M | 24.6M | 28.3M | 20.7M | 4.1M | -840,100 | -4.0M |
| Operating Margin % | 17.6% | 22.4% | 28.2% | 16.2% | 17.6% | 15.2% | 6.7% | 10.5% | 11.4% | 11.8% | 3.8% | -1.1% | -7.7% |
| Non Operating Income | 27,800 | 4.8M | 1.3M | 424,700 | 136,800 | 198,500 | 103,800 | 386,500 | 1.7M | 1.5M | 1.5M | 1.6M | 4.3M |
| Non Operating Expenses | 34,200 | 166,200 | 87,200 | 1.0M | 335,700 | 2.1M | 16,400 | 101,700 | 125,800 | 86,300 | 88,100 | 2,500 | 91,900 |
| Investment Income | -- | -- | -- | -- | -- | -- | 0.00 | -226,900 | -2.5M | -1.3M | -551,200 | -- | -- |
| Asset Disposal Income | 111,700 | 169,000 | -74,400 | -- | 202,100 | 12,800 | -39,600 | 29,600 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 743,200 | 817,100 | 1.2M | 496,700 | 1.2M | 78,700 | 819,200 | 253,300 | 687,900 | 388,600 | 370,100 | -39,000 | -1,400 |
| Other Income | 15.6M | 6.7M | 5.9M | 4.2M | 10.2M | 11.2M | 4.6M | 2.9M | -- | -- | -- | -- | -- |
| Income Before Tax | 188.0M | 175.0M | 178.0M | 67.0M | 51.4M | 38.6M | 16.6M | 24.9M | 29.8M | 22.1M | 5.5M | 759,700 | 259,400 |
| Income Tax | 24.3M | 22.2M | 15.7M | 10.3M | 6.6M | 5.6M | 2.5M | 4.7M | 4.5M | 3.4M | 838,600 | 51,000 | 36,800 |
| Net Income | 164.0M | 153.0M | 162.0M | 56.8M | 44.8M | 33.0M | 14.1M | 20.2M | 25.4M | 18.7M | 4.7M | 708,700 | 222,600 |
| Net Margin % | 15.3% | 20.0% | 25.8% | 13.6% | 15.3% | 12.4% | 5.7% | 8.6% | 10.2% | 10.7% | 4.3% | 1.0% | 0.4% |
| Net Income Attributable | 163.0M | 152.0M | 162.0M | 56.9M | 43.7M | 33.7M | 16.0M | 1.4M | 26.0M | 18.7M | 4.7M | 708,700 | 222,600 |
| Minority Interest | 493,700 | 629,800 | -89,000 | -131,200 | 1.1M | -695,800 | 1.9M | 1.1M | -692,100 | -- | -- | -- | -- |
| Eps Basic | 1.73 | 1.61 | 1.72 | 0.60 | 0.46 | 0.36 | 0.17 | 0.24 | 0.38 | 0.62 | 0.20 | 0.04 | 0.01 |
| Eps Diluted | 1.73 | 1.61 | 1.72 | 0.60 | 0.46 | 0.36 | -- | -- | -- | 0.62 | 0.20 | -- | 0.01 |
| 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 | 86.9M | 75.7M | 175.0M | 63.1M | 55.3M | 38.1M | 23.2M | 32.8M | 16.9M | 32.1M | 13.6M | 7.4M | 3.7M |
| Accounts Receivable | 438.0M | 327.0M | 241.0M | 198.0M | 145.0M | 125.0M | 77.0M | 68.0M | 55.7M | 48.3M | 35.8M | 18.7M | 15.6M |
| Notes Receivable | -- | -- | -- | -- | -- | -- | 64.3M | 61.9M | 48.9M | 35.6M | 26.9M | 14.3M | 4.9M |
| Notes And Accounts Receivable | 438.0M | 327.0M | 241.0M | 198.0M | 145.0M | 125.0M | 141.0M | 130.0M | 105.0M | 83.9M | 62.7M | 33.1M | 20.5M |
| Prepayments | 2.4M | 478,400 | 1.8M | 1.5M | 521,900 | 858,400 | 1.2M | 894,700 | 1.9M | 180,900 | 254,100 | 953,700 | 1.8M |
| Inventory | 83.6M | 56.4M | 49.1M | 39.0M | 30.6M | 33.6M | 45.0M | 33.7M | 30.5M | 18.4M | 22.0M | 19.4M | 13.5M |
| Total Current Assets | 773.0M | 592.0M | 507.0M | 392.0M | 291.0M | 246.0M | 214.0M | 201.0M | 155.0M | 135.0M | 99.3M | 61.9M | 49.5M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | 5.4M | 7.8M | 4.1M | -- | -- |
| Fixed Assets | -- | 211.0M | 204.0M | 136.0M | 118.0M | 82.4M | -- | -- | 89.2M | 60.6M | 57.1M | 49.1M | 37.1M |
| Fixed Assets Total | 522.0M | 211.0M | 204.0M | 136.0M | 118.0M | 82.4M | 88.0M | 87.5M | 89.2M | 60.6M | 57.1M | 49.1M | 37.1M |
| Construction In Progress | -- | 36.7M | 2.4M | 1.1M | 528,900 | 14.7M | -- | -- | 20.5M | 16.5M | 1.4M | 6.9M | 12.5M |
| Construction In Progress Total | 5.1M | 36.7M | 2.4M | 1.1M | 528,900 | 14.7M | 984,400 | 3.9M | 20.5M | 16.5M | 1.4M | 6.9M | 12.5M |
| Intangible Assets | 82.1M | 84.2M | 16.0M | 15.0M | 15.3M | 15.1M | 15.3M | 8.9M | 9.1M | 9.3M | 9.5M | 6.4M | 6.6M |
| Long Term Deferred Expenses | 72.1M | 55.0M | 45.1M | 30.2M | 31.0M | 27.5M | 40.9M | 42.8M | 846,400 | 49,700 | 106,000 | 174,900 | 238,900 |
| Total Non Current Assets | 761.0M | 443.0M | 316.0M | 196.0M | 170.0M | 143.0M | 147.0M | 144.0M | 127.0M | 94.5M | 72.5M | 62.7M | 56.6M |
| Total Assets | 1.5B | 1.0B | 823.0M | 588.0M | 460.0M | 389.0M | 360.0M | 345.0M | 282.0M | 229.0M | 172.0M | 125.0M | 106.0M |
| Short Term Borrowings | -- | 34.5M | 18.0M | 63.0M | 65.5M | 66.0M | 58.0M | 73.0M | 45.4M | 67.0M | 61.0M | 48.8M | 28.0M |
| Accounts Payable | 436.0M | 251.0M | 189.0M | 149.0M | 101.0M | 88.3M | 106.0M | 94.2M | 82.2M | 66.0M | 43.2M | 36.3M | 38.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 24,600 | 9,100 | 143,200 | 757,700 | -- | 2,600 | 4,500 | 16,000 |
| Contract Liabilities | -- | 24,300 | 1.6M | 294,700 | 265,300 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 526.0M | 360.0M | 338.0M | 297.0M | 223.0M | 195.0M | 207.0M | 205.0M | 176.0M | 157.0M | 130.0M | 102.0M | 73.6M |
| Long Term Borrowings | 156.0M | 23.3M | -- | -- | -- | -- | -- | -- | -- | 237,600 | -- | -- | 10.4M |
| Total Non Current Liabilities | 244.0M | 76.2M | 40.9M | 11.2M | 6.9M | 8.3M | 2.8M | 2.8M | 3.5M | 1.4M | 410,000 | -- | 10.4M |
| Total Liabilities | 770.0M | 437.0M | 379.0M | 308.0M | 230.0M | 204.0M | 209.0M | 208.0M | 180.0M | 158.0M | 130.0M | 102.0M | 84.0M |
| Paid In Capital | 94.5M | 94.5M | 94.5M | 94.5M | 94.5M | 94.5M | 94.5M | 94.5M | 68.4M | 35.1M | 23.6M | 20.0M | 20.0M |
| Capital Reserve | 24.3M | 23.1M | 21.9M | 20.2M | 17.5M | 16.7M | 15.3M | 15.3M | 540,700 | 12.8M | 12.9M | -- | -- |
| Surplus Reserve | 47.3M | 47.2M | 33.6M | 18.5M | 13.7M | 10.2M | 7.4M | 5.9M | 5.1M | 2.3M | 486,300 | 93,100 | 22,300 |
| Retained Earnings | 593.0M | 430.0M | 291.0M | 144.0M | 101.0M | 61.0M | 30.7M | 16.2M | 23.9M | 21.2M | 4.4M | 2.6M | 2.0M |
| Minority Equity | 4.3M | 3.8M | 3.2M | 3.3M | 3.4M | 2.3M | 3.0M | 5.0M | 4.2M | -- | -- | -- | -- |
| Equity Attributable | 759.0M | 595.0M | 441.0M | 277.0M | 227.0M | 182.0M | 148.0M | 132.0M | 97.9M | 71.4M | 41.3M | 22.7M | 22.0M |
| Total Equity | 763.0M | 598.0M | 444.0M | 280.0M | 230.0M | 185.0M | 151.0M | 137.0M | 102.0M | 71.4M | 41.3M | 22.7M | 22.0M |
| 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 | 517.0M | 369.0M | 510.0M | 269.0M | 196.0M | 164.0M | 181.0M | 178.0M | 270.0M | 180.0M | 98.5M | 73.8M | 53.2M |
| Total Operating Cash Inflow | 546.0M | 390.0M | 518.0M | 280.0M | 207.0M | 182.0M | 188.0M | 181.0M | 272.0M | 181.0M | 107.0M | 84.5M | 57.7M |
| Cash Paid For Goods | 165.0M | 149.0M | 253.0M | 160.0M | 106.0M | 75.2M | 79.9M | 117.0M | 153.0M | 98.4M | 66.8M | 60.2M | 38.8M |
| Cash Paid To Employees | 135.0M | 92.4M | 67.6M | 45.0M | 32.7M | 39.7M | 41.9M | 34.3M | 29.0M | 21.2M | 15.3M | 13.0M | 9.8M |
| Taxes Paid | 67.3M | 52.1M | 41.0M | 25.3M | 15.6M | 18.8M | 14.9M | 14.8M | 14.6M | 9.7M | 6.5M | 955,300 | 694,800 |
| Total Operating Cash Outflow | 397.0M | 317.0M | 382.0M | 245.0M | 167.0M | 142.0M | 155.0M | 183.0M | 219.0M | 154.0M | 97.1M | 80.3M | 59.2M |
| Operating Cash Flow | 149.0M | 72.8M | 136.0M | 34.2M | 39.6M | 39.9M | 33.1M | -1.6M | 52.4M | 27.5M | 9.7M | 4.1M | -1.5M |
| Total Investing Cash Inflow | 111,700 | 169,000 | 30,000 | 72,000 | 11,200 | 2,000 | 1,282 | 4.7M | 4.0M | 570,500 | 281,100 | -- | -- |
| Total Investing Cash Outflow | 241.0M | 116.0M | 59.9M | 30.2M | 28.7M | 29.5M | 24.4M | 30.9M | 53.1M | 23.9M | 12.4M | 12.1M | 17.0M |
| Investing Cash Flow | -241.0M | -116.0M | -59.8M | -30.2M | -28.7M | -29.5M | -24.4M | -26.2M | -49.1M | -23.3M | -12.1M | -12.1M | -17.0M |
| Cash From Borrowings | 198.0M | 67.8M | 18.0M | 63.0M | 75.1M | 66.6M | 69.3M | 73.0M | 46.4M | 67.9M | 70.6M | 58.8M | 46.0M |
| Dividends And Interest Paid | 4.3M | 1.3M | 1.7M | 12.5M | 2.9M | 3.4M | 3.3M | 3.4M | 3.5M | 4.2M | 4.4M | 3.6M | 2.6M |
| Debt Repayments | 78.7M | 28.0M | 63.0M | 65.5M | 75.6M | 58.6M | 84.3M | 45.4M | 68.7M | 61.2M | 63.4M | 43.4M | 37.2M |
| Total Financing Cash Inflow | 198.0M | 73.2M | 21.3M | 92.3M | 89.1M | 67.6M | 143.0M | 166.0M | 108.0M | 108.0M | 80.4M | 60.7M | 58.3M |
| Total Financing Cash Outflow | 92.7M | 37.6M | 73.4M | 85.1M | 86.6M | 62.1M | 165.0M | 118.0M | 128.0M | 98.5M | 70.1M | 52.8M | 41.7M |
| Financing Cash Flow | 105.0M | 35.6M | -52.0M | 7.2M | 2.5M | 5.5M | -22.7M | 48.0M | -19.9M | 9.3M | 10.4M | 7.9M | 16.6M |
| Net Change In Cash | 12.7M | -7.6M | 23.9M | 11.2M | 13.4M | 15.8M | -14.0M | 20.1M | -16.6M | 13.5M | 7.9M | -105,700 | -1.9M |
| Ending Cash Balance | 84.0M | 71.2M | 78.9M | 55.0M | 43.8M | 30.4M | 14.6M | 28.6M | 8.5M | 25.1M | 11.6M | 1.6M | 1.7M |
| Capex | 241.0M | 116.0M | 59.9M | 30.2M | 28.7M | 29.5M | 24.4M | 25.3M | 49.1M | 17.7M | 7.7M | 12.1M | 17.0M |