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 | 997.0M | 901.0M | 812.0M | 1.0B | 725.0M | 675.0M | 562.0M | 463.0M | 327.0M |
| Revenue Growth % | 10.7% | 11.0% | -20.9% | 41.7% | 7.4% | 20.1% | 21.4% | 41.6% | -- |
| Total Revenue | 997.0M | 901.0M | 812.0M | 1.0B | 725.0M | 675.0M | 562.0M | 463.0M | 327.0M |
| Cost Of Revenue | 299.0M | 309.0M | 257.0M | 275.0M | 224.0M | 162.0M | 133.0M | 104.0M | 81.2M |
| Gross Profit | 698.0M | 592.0M | 555.0M | 752.0M | 501.0M | 513.0M | 429.0M | 359.0M | 245.8M |
| Gross Margin % | 70.0% | 65.7% | 68.3% | 73.2% | 69.1% | 76.0% | 76.3% | 77.5% | 75.2% |
| Total Operating Cost | 1.2B | 1.2B | 1.1B | 1.0B | 722.0M | 640.0M | 525.0M | 439.0M | 353.0M |
| Selling Expenses | 385.0M | 388.0M | 375.0M | 345.0M | 222.0M | 218.0M | 180.0M | 154.0M | 121.0M |
| Admin Expenses | 99.0M | 92.3M | 61.6M | 67.7M | 41.4M | 49.6M | 39.2M | 30.7M | 23.3M |
| Rd Expenses | 360.0M | 343.0M | 339.0M | 299.0M | 212.0M | 187.0M | 156.0M | 142.0M | 121.0M |
| Finance Expenses | 19.2M | 15.3M | 8.3M | -1.2M | -2.8M | 1.3M | 2.5M | -1.7M | 1.1M |
| Operating Income | -140.0M | -258.0M | -224.0M | 59.7M | 51.0M | 94.7M | 79.0M | 61.5M | -26.3M |
| Operating Margin % | -14.0% | -28.6% | -27.6% | 5.8% | 7.0% | 14.0% | 14.1% | 13.3% | -8.1% |
| Non Operating Income | 721,100 | 629,400 | 347,400 | 430,800 | 167,100 | 255,000 | 256,200 | 48,800 | 27.9M |
| Non Operating Expenses | 5.0M | 2.6M | 2.0M | 882,100 | 1.4M | 457,300 | 475,300 | 215,500 | 44,000 |
| Investment Income | 980,000 | 2.2M | 3.9M | 5.2M | 17.5M | 4.9M | 669,900 | 944,400 | 75,000 |
| Fair Value Change Income | 5.1M | -495,600 | 4.4M | 605,600 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 277,900 | 244,000 | 9,600 | -13,500 | 93,300 | 313,500 | -102,500 | -422,200 | -36,000 |
| Asset Impairment Loss | 11.3M | 3.7M | 14.9M | 10.7M | 9.0M | -- | 7.7M | 5.3M | 408,200 |
| Other Income | 66.8M | 57.0M | 42.4M | 53.3M | 30.4M | 54.8M | 41.6M | 36.6M | -- |
| Income Before Tax | -144.0M | -260.0M | -226.0M | 59.3M | 49.8M | 94.5M | 78.8M | 61.4M | 1.6M |
| Income Tax | -6.1M | -19.5M | -41.6M | -15.5M | -10.4M | 3.5M | 9.9M | 1.3M | 376,200 |
| Net Income | -138.0M | -241.0M | -184.0M | 74.8M | 60.2M | 91.0M | 68.9M | 60.1M | 1.2M |
| Net Margin % | -13.8% | -26.7% | -22.7% | 7.3% | 8.3% | 13.5% | 12.3% | 13.0% | 0.4% |
| Net Income Attributable | -137.0M | -240.0M | -182.0M | 75.5M | 60.2M | 91.0M | 68.9M | 60.1M | 1.2M |
| Minority Interest | -809,900 | -989,700 | -1.5M | -743,200 | -63,700 | -- | -- | -- | -- |
| Eps Basic | -0.76 | -1.33 | -1.01 | 0.42 | 0.33 | 0.62 | 0.51 | -- | -- |
| Eps Diluted | -0.76 | -1.33 | -1.01 | 0.42 | 0.33 | 0.62 | 0.51 | -- | -- |
| 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 | 218.0M | 339.0M | 525.0M | 470.0M | 801.0M | 1.1B | 221.0M | 63.6M | 121.0M |
| Trading Financial Assets | 60.0M | 30.0M | -- | 111.0M | 20.0M | -- | -- | -- | -- |
| Accounts Receivable | 962.0M | 794.0M | 710.0M | 630.0M | 306.0M | 322.0M | 318.0M | 205.0M | 114.0M |
| Notes Receivable | 38.2M | 14.3M | 29.5M | 114.0M | 168.0M | 88.3M | 8.1M | 5.5M | 1.3M |
| Notes And Accounts Receivable | 1.0B | 808.0M | 740.0M | 743.0M | 475.0M | 410.0M | 326.0M | 211.0M | 115.0M |
| Prepayments | 5.6M | 9.3M | 4.3M | 5.1M | 11.1M | 6.6M | 2.5M | 3.6M | 2.4M |
| Inventory | 88.1M | 77.1M | 139.0M | 133.0M | 96.6M | 48.9M | 50.4M | 34.7M | 27.1M |
| Total Current Assets | 1.5B | 1.4B | 1.6B | 1.6B | 1.5B | 1.6B | 700.0M | 374.0M | 304.0M |
| Long Term Equity Investment | 4.0M | 7.1M | 7.6M | 8.1M | 9.7M | -- | -- | -- | -- |
| Fixed Assets | -- | 242.0M | 258.0M | 249.0M | 52.2M | 39.3M | 33.7M | -- | -- |
| Fixed Assets Total | 223.0M | 242.0M | 258.0M | 249.0M | 52.2M | 39.3M | 33.7M | 23.5M | 13.6M |
| Intangible Assets | 113.0M | 85.9M | 47.5M | 42.3M | 11.7M | 5.4M | 5.2M | 1.0M | 1.3M |
| Long Term Deferred Expenses | 6.0M | 4.2M | 4.0M | 6.2M | 4.3M | 591,300 | 1.4M | 1.7M | 2.6M |
| Total Non Current Assets | 508.0M | 478.0M | 472.0M | 389.0M | 300.0M | 54.3M | 46.3M | 28.2M | 18.8M |
| Total Assets | 2.0B | 1.9B | 2.1B | 1.9B | 1.8B | 1.6B | 747.0M | 402.0M | 323.0M |
| Short Term Borrowings | 222.0M | 122.0M | 138.0M | -- | -- | 10.0M | 20.0M | -- | -- |
| Accounts Payable | 180.0M | 97.8M | 93.4M | 116.0M | 103.0M | 48.9M | 50.0M | 31.1M | 26.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 5.7M | 5.6M | 7.7M | 17.3M |
| Contract Liabilities | 69.7M | 50.9M | 27.4M | 13.4M | 15.4M | -- | -- | -- | -- |
| Total Current Liabilities | 776.0M | 495.0M | 518.0M | 398.0M | 351.0M | 223.0M | 313.0M | 175.0M | 108.0M |
| Total Non Current Liabilities | 287.0M | 277.0M | 277.0M | 39.2M | 17.1M | 22.9M | 17.5M | 10.1M | 8.0M |
| Total Liabilities | 1.1B | 772.0M | 795.0M | 437.0M | 369.0M | 246.0M | 330.0M | 185.0M | 116.0M |
| Paid In Capital | 180.0M | 180.0M | 180.0M | 180.0M | 180.0M | 180.0M | 135.0M | 113.0M | 113.0M |
| Capital Reserve | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | 1.2B | 396.0M | 393.0M | 403.0M |
| Surplus Reserve | 27.9M | 27.9M | 27.9M | 27.9M | 21.9M | 17.3M | 10.1M | -- | 6.1M |
| Retained Earnings | -546.0M | -408.0M | -169.0M | 36.5M | -14.8M | -49.7M | -133.0M | -170.0M | -199.0M |
| Minority Equity | 548,800 | 1.4M | 2.3M | -806,800 | -63,700 | -- | -- | -- | -- |
| Equity Attributable | 922.0M | 1.1B | 1.3B | 1.5B | 1.4B | 1.4B | 416.0M | 218.0M | 207.0M |
| Total Equity | 923.0M | 1.1B | 1.3B | 1.5B | 1.4B | 1.4B | 416.0M | 218.0M | 207.0M |
| 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 | 955.0M | 1.1B | 768.0M | 828.0M | 679.0M | 664.0M | 540.0M | 441.0M | 386.0M |
| Tax Refunds Received | 53.4M | 46.3M | 22.0M | 36.3M | 21.7M | 41.9M | 33.7M | 29.3M | 25.9M |
| Total Operating Cash Inflow | 1.1B | 1.2B | 822.0M | 921.0M | 726.0M | 728.0M | 594.0M | 481.0M | 422.0M |
| Cash Paid For Goods | 214.0M | 285.0M | 275.0M | 339.0M | 148.0M | 173.0M | 156.0M | 127.0M | 84.4M |
| Cash Paid To Employees | 665.0M | 675.0M | 663.0M | 496.0M | 372.0M | 329.0M | 265.0M | 226.0M | 189.0M |
| Taxes Paid | 102.0M | 93.5M | 49.8M | 62.1M | 48.0M | 95.2M | 57.5M | 45.1M | 41.8M |
| Total Operating Cash Outflow | 1.2B | 1.3B | 1.2B | 1.0B | 723.0M | 712.0M | 585.0M | 488.0M | 402.0M |
| Operating Cash Flow | -90.2M | -58.3M | -332.0M | -119.0M | 2.7M | 15.8M | 9.2M | -6.9M | 19.8M |
| Total Investing Cash Inflow | 392.0M | 523.0M | 760.0M | 1.1B | 2.2B | 785.0M | 104.0M | 138.0M | 20.6M |
| Total Investing Cash Outflow | 482.0M | 610.0M | 744.0M | 1.2B | 2.5B | 789.0M | 69.5M | 178.0M | 38.9M |
| Investing Cash Flow | -90.1M | -87.1M | 16.7M | -145.0M | -280.0M | -3.7M | 34.2M | -39.9M | -18.3M |
| Cash From Borrowings | 342.0M | 144.0M | 70.0M | -- | -- | 44.5M | 25.0M | -- | -- |
| Dividends And Interest Paid | 7.1M | 4.1M | 22.8M | 18.4M | 10.2M | 2.3M | 490,900 | -- | 145,600 |
| Debt Repayments | 242.0M | 155.0M | -- | -- | 10.0M | 55.1M | 5.0M | -- | 4.9M |
| Total Financing Cash Inflow | 342.0M | 144.0M | 406.0M | -- | 74,400 | 994.0M | 320.0M | 48.1M | 1.7M |
| Total Financing Cash Outflow | 285.0M | 188.0M | 47.5M | 37.4M | 27.3M | 150.0M | 203.0M | 57.5M | 5.1M |
| Financing Cash Flow | 57.0M | -43.6M | 359.0M | -37.4M | -27.3M | 843.0M | 116.0M | -9.4M | -3.4M |
| Net Change In Cash | -123.0M | -189.0M | 43.5M | -302.0M | -304.0M | 853.0M | 158.0M | -57.0M | 105,700 |
| Ending Cash Balance | 199.0M | 322.0M | 511.0M | 468.0M | 770.0M | 1.1B | 221.0M | 63.0M | 120.0M |
| Capex | 62.3M | 59.8M | 68.8M | 82.3M | 248.0M | 9.0M | 14.5M | 7.4M | 3.9M |