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 | 448.0M | 310.0M | 449.0M | 491.0M | 491.0M | 297.0M | 208.0M | 119.0M | 48.1M |
| Revenue Growth % | 44.5% | -31.0% | -8.6% | 0.0% | 65.3% | 42.8% | 74.8% | 147.4% | -- |
| Total Revenue | 448.0M | 310.0M | 449.0M | 491.0M | 491.0M | 297.0M | 208.0M | 119.0M | 48.1M |
| Cost Of Revenue | 348.0M | 195.0M | 261.0M | 264.0M | 206.0M | 144.0M | 88.7M | 51.4M | 28.2M |
| Gross Profit | 100.0M | 115.0M | 188.0M | 227.0M | 285.0M | 153.0M | 119.3M | 67.6M | 19.9M |
| Gross Margin % | 22.3% | 37.1% | 41.9% | 46.2% | 58.0% | 51.5% | 57.4% | 56.8% | 41.4% |
| Total Operating Cost | 546.0M | 366.0M | 396.0M | 383.0M | 276.0M | 186.0M | 115.0M | 82.7M | 38.9M |
| Selling Expenses | 9.9M | 5.0M | 3.2M | 2.7M | 2.2M | 1.0M | 978,700 | 733,100 | 39,100 |
| Admin Expenses | 52.4M | 41.2M | 34.8M | 30.7M | 27.2M | 19.8M | 13.0M | 19.3M | 6.2M |
| Rd Expenses | 22.8M | 29.3M | 23.8M | 31.4M | 24.0M | 13.4M | 10.9M | 6.3M | 3.4M |
| Finance Expenses | -5.7M | -4.3M | -813,300 | 480,500 | -784,400 | -160,400 | -5,500 | 223,500 | -252,500 |
| Operating Income | -81.3M | -17.4M | 63.7M | 124.0M | 225.0M | 115.0M | 94.4M | 36.8M | 9.3M |
| Operating Margin % | -18.2% | -5.6% | 14.2% | 25.3% | 45.8% | 38.7% | 45.4% | 30.9% | 19.3% |
| Non Operating Income | 53,600 | 125,100 | 1.3M | 4.6M | 2.5M | 3.4M | 68,900 | 1.0M | 12,700 |
| Non Operating Expenses | 483,000 | 1.1M | 172,000 | 46,700 | 10,600 | 210,000 | 267,700 | 250,500 | 100,200 |
| Investment Income | 7.1M | 30.0M | 3.2M | 7.6M | 4.1M | 727,900 | 189,100 | 102,000 | 102,800 |
| Fair Value Change Income | 2.3M | 4.5M | 4.3M | 4.6M | 1.5M | -- | -- | -- | -- |
| Asset Disposal Income | -30,500 | 1.6M | 7,300 | -- | -- | -2,500 | -- | -- | -- |
| Asset Impairment Loss | -3.7M | 19.0M | 11.0M | 3.3M | 3.3M | -- | -- | -- | 1.0M |
| Other Income | 7.1M | 2.9M | 3.5M | 3.2M | 3.9M | 3.0M | 2.1M | 787,200 | 12,900 |
| Income Before Tax | -81.8M | -18.4M | 64.8M | 129.0M | 227.0M | 118.0M | 94.2M | 37.6M | 9.2M |
| Income Tax | 4.8M | -4.8M | 8.4M | 19.8M | 34.3M | 17.3M | 14.0M | 7.0M | 1.4M |
| Net Income | -86.6M | -13.6M | 56.4M | 109.0M | 193.0M | 100.0M | 80.2M | 30.5M | 7.8M |
| Net Margin % | -19.3% | -4.4% | 12.6% | 22.2% | 39.3% | 33.7% | 38.6% | 25.6% | 16.2% |
| Net Income Attributable | -86.1M | -13.4M | 56.4M | 109.0M | 193.0M | 100.0M | 80.2M | 30.5M | 7.8M |
| Minority Interest | -443,400 | -129,100 | -7,100 | -4,100 | -400.00 | -- | -- | -- | -- |
| Eps Basic | -0.78 | -0.12 | 0.49 | 1.83 | 3.80 | 2.25 | 1.89 | 1.53 | 0.39 |
| Eps Diluted | -0.78 | -0.12 | 0.49 | 1.83 | 3.80 | 2.25 | 1.89 | 1.53 | 0.39 |
| 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 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 267.0M | 220.0M | 529.0M | 233.0M | 186.0M | 123.0M | 87.3M | 40.2M | 9.1M |
| Trading Financial Assets | 389.0M | 480.0M | 342.0M | 562.0M | 733.0M | -- | -- | -- | -- |
| Accounts Receivable | 430.0M | 405.0M | 466.0M | 682.0M | 461.0M | 195.0M | 125.0M | 110.0M | 46.6M |
| Notes Receivable | 120,000 | -- | -- | -- | -- | -- | 700,000 | -- | -- |
| Notes And Accounts Receivable | 430.0M | 405.0M | 466.0M | 682.0M | 461.0M | 195.0M | 126.0M | 110.0M | 46.6M |
| Prepayments | 2.3M | 3.2M | 2.7M | 4.2M | 7.9M | 2.4M | 839,800 | 1.3M | 532,000 |
| Inventory | 16.5M | 48.2M | 92.0M | 65.6M | 41.0M | 29.6M | 22.7M | 31.6M | 242,300 |
| Total Current Assets | 1.3B | 1.3B | 1.6B | 1.7B | 1.5B | 366.0M | 269.0M | 188.0M | 73.5M |
| Long Term Equity Investment | 3.0M | 2.5M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 73.9M | 76.8M | 74.4M | 10.5M | 5.3M | 4.4M | 5.4M | -- |
| Fixed Assets Total | 105.0M | 73.9M | 76.8M | 74.4M | 10.5M | 5.3M | 4.4M | 5.4M | 4.2M |
| Construction In Progress | -- | 11.9M | -- | 46.5M | 56.7M | 28.4M | 14.2M | 2.6M | -- |
| Construction In Progress Total | -- | 11.9M | -- | 46.5M | 56.7M | 28.4M | 14.2M | 2.6M | -- |
| Intangible Assets | 38.8M | 47.6M | 54.9M | 8.8M | 9.2M | 9.5M | 9.9M | 10.2M | 10.5M |
| Long Term Deferred Expenses | 980,400 | 487,600 | 685,500 | 747,000 | 17,900 | 97,900 | -- | -- | -- |
| Total Non Current Assets | 295.0M | 347.0M | 186.0M | 176.0M | 124.0M | 80.6M | 29.2M | 18.9M | 15.0M |
| Total Assets | 1.6B | 1.7B | 1.8B | 1.8B | 1.6B | 447.0M | 298.0M | 207.0M | 88.5M |
| Short Term Borrowings | -- | 16.0M | 23.0M | 20.0M | -- | -- | -- | 6.0M | 9.0M |
| Accounts Payable | 220.0M | 146.0M | 197.0M | 212.0M | 130.0M | 79.4M | 36.5M | 37.1M | 17.9M |
| Advance Receipts | -- | -- | -- | -- | -- | 26.8M | 198,200 | 46.9M | 228,200 |
| Contract Liabilities | 3.9M | 26.2M | 11.0M | 22.6M | 15.1M | -- | -- | -- | -- |
| Total Current Liabilities | 323.0M | 244.0M | 298.0M | 352.0M | 227.0M | 133.0M | 64.4M | 113.0M | 35.4M |
| Total Non Current Liabilities | 58.3M | 8.5M | 6.9M | 275,400 | 225,600 | -- | -- | -- | -- |
| Total Liabilities | 381.0M | 253.0M | 305.0M | 352.0M | 227.0M | 133.0M | 64.4M | 113.0M | 35.4M |
| Paid In Capital | 113.0M | 116.0M | 83.2M | 59.5M | 59.5M | 44.6M | 44.6M | 20.0M | 20.0M |
| Capital Reserve | 871.0M | 938.0M | 971.0M | 995.0M | 995.0M | 79.8M | 79.8M | 35.4M | 24.6M |
| Surplus Reserve | 38.7M | 38.7M | 36.6M | 29.7M | 28.2M | 20.7M | 11.9M | 3.9M | 802,800 |
| Retained Earnings | 277.0M | 387.0M | 418.0M | 402.0M | 330.0M | 169.0M | 97.4M | 35.2M | 7.7M |
| Minority Equity | 3.7M | 3.4M | 88,300 | 95,400 | 99,600 | -- | -- | -- | -- |
| Equity Attributable | 1.2B | 1.4B | 1.5B | 1.5B | 1.4B | 314.0M | 234.0M | 94.4M | 53.1M |
| Total Equity | 1.2B | 1.4B | 1.5B | 1.5B | 1.4B | 314.0M | 234.0M | 94.4M | 53.1M |
| 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 | 397.0M | 375.0M | 505.0M | 285.0M | 168.0M | 278.0M | 164.0M | 124.0M | 57.6M |
| Tax Refunds Received | 6.3M | 1,100 | 5.0M | 289,700 | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 423.0M | 389.0M | 525.0M | 303.0M | 188.0M | 296.0M | 169.0M | 129.0M | 59.2M |
| Cash Paid For Goods | 191.0M | 184.0M | 270.0M | 235.0M | 178.0M | 138.0M | 74.5M | 68.9M | 31.5M |
| Cash Paid To Employees | 64.0M | 56.2M | 50.3M | 52.1M | 35.3M | 25.3M | 16.2M | 9.8M | 6.6M |
| Taxes Paid | 17.2M | 36.3M | 58.6M | 69.8M | 29.2M | 48.7M | 31.4M | 11.0M | 8.0M |
| Total Operating Cash Outflow | 334.0M | 331.0M | 427.0M | 396.0M | 279.0M | 253.0M | 146.0M | 104.0M | 57.6M |
| Operating Cash Flow | 89.2M | 58.9M | 97.8M | -92.3M | -91.0M | 42.7M | 23.5M | 25.9M | 1.6M |
| Total Investing Cash Inflow | 1.8B | 1.4B | 1.7B | 1.3B | 604.0M | 97.8M | 36.1M | 35.8M | 56.3M |
| Total Investing Cash Outflow | 1.7B | 1.8B | 1.5B | 1.1B | 1.4B | 84.9M | 66.6M | 27.1M | 73.6M |
| Investing Cash Flow | 79.7M | -319.0M | 191.0M | 148.0M | -747.0M | 12.9M | -30.5M | 8.6M | -17.3M |
| Cash From Borrowings | 62.0M | 49.0M | 84.0M | 120.0M | -- | 5.0M | 17.0M | 17.0M | 9.0M |
| Dividends And Interest Paid | 24.9M | 16.0M | 34.3M | 37.3M | 23.8M | 20.1M | 10.1M | 459,100 | 255,300 |
| Debt Repayments | 78.0M | 56.0M | 81.0M | 100.0M | -- | 5.0M | 23.0M | 20.0M | -- |
| Total Financing Cash Inflow | 66.7M | 55.0M | 86.3M | 123.0M | 951.0M | 5.0M | 86.0M | 17.0M | 10.5M |
| Total Financing Cash Outflow | 185.0M | 98.9M | 149.0M | 140.0M | 46.0M | 28.1M | 33.1M | 20.5M | 255,300 |
| Financing Cash Flow | -118.0M | -43.8M | -62.6M | -17.2M | 905.0M | -23.1M | 52.9M | -3.5M | 10.2M |
| Net Change In Cash | 50.5M | -304.0M | 226.0M | 38.1M | 66.3M | 32.6M | 45.9M | 31.1M | -5.5M |
| Ending Cash Balance | 196.0M | 145.0M | 449.0M | 223.0M | 185.0M | 119.0M | 86.0M | 40.2M | 9.1M |
| Capex | 30.8M | 21.7M | 37.3M | 35.9M | 23.0M | 8.3M | 7.2M | 4.1M | 9.6M |