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 | 153.0M | 149.0M | 144.0M | 157.0M | 193.0M | 200.0M | 198.0M | 149.0M | 79.6M |
| Revenue Growth % | 2.7% | 3.5% | -8.3% | -18.7% | -3.5% | 1.0% | 32.9% | 87.3% | -- |
| Total Revenue | 153.0M | 149.0M | 144.0M | 157.0M | 193.0M | 200.0M | 198.0M | 149.0M | 79.6M |
| Cost Of Revenue | 78.7M | 76.0M | 71.3M | 66.1M | 75.3M | 45.2M | 58.0M | 50.3M | 19.2M |
| Gross Profit | 74.3M | 73.0M | 72.7M | 90.9M | 117.7M | 154.8M | 140.0M | 98.7M | 60.3M |
| Gross Margin % | 48.6% | 49.0% | 50.5% | 57.9% | 61.0% | 77.4% | 70.7% | 66.3% | 75.8% |
| Total Operating Cost | 241.0M | 229.0M | 245.0M | 220.0M | 171.0M | 143.0M | 152.0M | 115.0M | 77.2M |
| Selling Expenses | 41.7M | 49.8M | 51.2M | 50.2M | 31.7M | 28.4M | 28.6M | 25.6M | 22.7M |
| Admin Expenses | 46.5M | 53.0M | 52.1M | 42.1M | 28.8M | 26.3M | 21.0M | 14.3M | 13.7M |
| Rd Expenses | 35.6M | 32.1M | 38.5M | 38.1M | 22.5M | 29.5M | 28.3M | 15.1M | 15.9M |
| Finance Expenses | 924,200 | -1.2M | -3.0M | -4.9M | -7.0M | 1.2M | 437,900 | 2.3M | 2.2M |
| Operating Income | -87.1M | -82.7M | -96.1M | -54.0M | 41.0M | 61.5M | 51.4M | 37.8M | 2.3M |
| Operating Margin % | -56.9% | -55.5% | -66.8% | -34.4% | 21.3% | 30.7% | 26.0% | 25.4% | 2.9% |
| Non Operating Income | 134,000 | 12,100 | 48,200 | 26,200 | 40,900 | 15,600 | 800.00 | 314,200 | 4.0M |
| Non Operating Expenses | 169,200 | 78,800 | 463,700 | 134,900 | 1.0M | 66,400 | 400.00 | -- | 30,000 |
| Investment Income | 462,200 | 149,000 | 678,600 | 2.8M | 5.4M | -- | -- | -- | -- |
| Fair Value Change Income | -2.8M | -4.9M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -2,900 | -20,200 | -22,200 | -10,900 | -- | 500.00 | -8,500 | -- | -- |
| Asset Impairment Loss | 5.6M | 3.4M | 1.7M | 1.8M | 1.9M | 2.5M | 13.4M | 4.9M | 1.9M |
| Other Income | 2.9M | 2.1M | 4.6M | 6.7M | 13.4M | 3.8M | 5.7M | 3.7M | -- |
| Income Before Tax | -87.1M | -82.7M | -96.5M | -54.1M | 40.0M | 61.4M | 51.4M | 38.2M | 6.3M |
| Income Tax | -5.9M | -12.8M | -14.9M | -7.9M | 7.2M | 9.5M | 9.2M | 7.0M | 1.7M |
| Net Income | -81.2M | -69.9M | -81.7M | -46.2M | 32.8M | 51.9M | 42.2M | 31.2M | 4.6M |
| Net Margin % | -53.1% | -46.9% | -56.7% | -29.4% | 17.0% | 25.9% | 21.3% | 20.9% | 5.8% |
| Net Income Attributable | -80.7M | -67.9M | -79.1M | -45.6M | 32.8M | 51.9M | 42.2M | 31.2M | 4.6M |
| Minority Interest | -537,600 | -2.0M | -2.6M | -542,700 | -- | -- | -- | -- | -- |
| Eps Basic | -0.79 | -0.66 | -0.77 | -0.62 | 0.45 | 0.94 | 0.79 | 0.61 | 0.09 |
| Eps Diluted | -0.79 | -0.66 | -0.77 | -0.62 | 0.45 | 0.94 | 0.79 | 0.61 | 0.09 |
| 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 | 116.0M | 106.0M | 142.0M | 239.0M | 377.0M | 593.0M | 46.0M | 56.1M | 8.8M |
| Trading Financial Assets | -- | 10.1M | -- | -- | 3.9M | -- | -- | -- | -- |
| Accounts Receivable | 224.0M | 218.0M | 260.0M | 257.0M | 284.0M | 189.0M | 186.0M | 115.0M | 91.1M |
| Notes Receivable | 4.0M | 7.0M | 10.1M | 6.3M | 990,800 | 9.3M | 9.9M | 730,700 | 2.4M |
| Notes And Accounts Receivable | 228.0M | 225.0M | 270.0M | 263.0M | 285.0M | 198.0M | 196.0M | 116.0M | 93.5M |
| Prepayments | 9.9M | 13.4M | 11.3M | 3.7M | 4.7M | 5.2M | 4.7M | 3.1M | 1.5M |
| Inventory | 65.4M | 76.4M | 43.4M | 55.7M | 36.5M | 27.2M | 30.1M | 51.3M | 52.6M |
| Total Current Assets | 421.0M | 443.0M | 477.0M | 576.0M | 710.0M | 826.0M | 278.0M | 228.0M | 158.0M |
| Long Term Equity Investment | 3.1M | 2.0M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 109.0M | 123.0M | 18.1M | 11.3M | 7.7M | 8.2M | -- | -- |
| Fixed Assets Total | 100.0M | 109.0M | 123.0M | 18.1M | 11.3M | 7.7M | 8.2M | 7.1M | 7.8M |
| Construction In Progress | -- | -- | -- | 93.9M | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | 93.9M | -- | -- | -- | -- | -- |
| Intangible Assets | 17.9M | 12.8M | 24.0M | 21.4M | 3.4M | 689,700 | 332,200 | 391,100 | 497,600 |
| Long Term Deferred Expenses | 34,800 | 155,700 | 165,700 | 287,000 | 669,100 | 990,400 | 590,200 | 56,900 | 123,700 |
| Total Non Current Assets | 174.0M | 187.0M | 199.0M | 177.0M | 94.4M | 18.6M | 14.3M | 10.6M | 10.8M |
| Total Assets | 595.0M | 630.0M | 676.0M | 754.0M | 804.0M | 844.0M | 292.0M | 239.0M | 169.0M |
| Short Term Borrowings | 70.1M | 20.0M | -- | -- | -- | 30.0M | 15.0M | 15.0M | 36.0M |
| Accounts Payable | 63.6M | 41.0M | 34.7M | 51.3M | 35.6M | 10.1M | 16.8M | 21.4M | 19.8M |
| Advance Receipts | 852,600 | 345,800 | -- | 2.0M | 220,200 | 986,000 | 4.1M | 2.3M | 40,000 |
| Contract Liabilities | 5.5M | 10.8M | 3.0M | 5.5M | 6.2M | -- | -- | -- | -- |
| Total Current Liabilities | 161.0M | 105.0M | 78.4M | 81.7M | 74.4M | 129.0M | 82.3M | 93.5M | 79.2M |
| Total Non Current Liabilities | 489,800 | 1.4M | 2.1M | 457,100 | 240,900 | 872,300 | -- | -- | -- |
| Total Liabilities | 162.0M | 106.0M | 80.5M | 82.2M | 74.7M | 130.0M | 82.3M | 93.5M | 79.2M |
| Paid In Capital | 103.0M | 103.0M | 73.6M | 73.6M | 73.6M | 73.6M | 55.2M | 52.2M | 33.0M |
| Capital Reserve | 472.0M | 471.0M | 502.0M | 498.0M | 497.0M | 495.0M | 46.7M | 21.9M | 14.7M |
| Surplus Reserve | 25.8M | 25.8M | 25.8M | 25.8M | 25.8M | 21.7M | 17.0M | 11.4M | 7.3M |
| Retained Earnings | -154.0M | -73.8M | -5.9M | 73.2M | 134.0M | 123.0M | 91.0M | 59.6M | 35.0M |
| Minority Equity | -2.4M | -1.9M | 132,100 | 927,300 | -- | -- | -- | -- | -- |
| Equity Attributable | 436.0M | 526.0M | 595.0M | 671.0M | 730.0M | 714.0M | 210.0M | 145.0M | 90.0M |
| Total Equity | 434.0M | 524.0M | 595.0M | 672.0M | 730.0M | 714.0M | 210.0M | 145.0M | 90.0M |
| 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 | 151.0M | 207.0M | 120.0M | 187.0M | 120.0M | 203.0M | 139.0M | 149.0M | 94.4M |
| Tax Refunds Received | -- | 12,800 | 41,200 | 34,900 | 80,300 | 1.5M | 3.7M | 2.6M | 3.3M |
| Total Operating Cash Inflow | 161.0M | 212.0M | 131.0M | 199.0M | 136.0M | 207.0M | 145.0M | 153.0M | 99.9M |
| Cash Paid For Goods | 83.5M | 127.0M | 63.2M | 121.0M | 73.4M | 43.9M | 46.9M | 45.4M | 37.4M |
| Cash Paid To Employees | 74.8M | 72.5M | 78.8M | 75.7M | 51.9M | 58.8M | 59.3M | 47.0M | 42.6M |
| Taxes Paid | 2.1M | 4.3M | 2.6M | 22.0M | 21.9M | 39.9M | 23.4M | 21.1M | 17.7M |
| Total Operating Cash Outflow | 186.0M | 242.0M | 187.0M | 264.0M | 177.0M | 169.0M | 148.0M | 129.0M | 111.0M |
| Operating Cash Flow | -25.9M | -29.9M | -56.6M | -65.1M | -40.9M | 37.8M | -2.9M | 24.6M | -10.6M |
| Total Investing Cash Inflow | 90.7M | 20.2M | 141.0M | 788.0M | 815.0M | 16,700 | 1,884 | -- | -- |
| Total Investing Cash Outflow | 86.2M | 41.0M | 188.0M | 846.0M | 889.0M | 4.6M | 3.2M | 679,200 | 463,100 |
| Investing Cash Flow | 4.5M | -20.8M | -47.4M | -57.2M | -74.0M | -4.5M | -3.2M | -679,200 | -463,100 |
| Cash From Borrowings | 70.0M | 20.0M | -- | -- | -- | 30.0M | 15.0M | 15.0M | 36.0M |
| Dividends And Interest Paid | 1.5M | 19,400 | -- | 14.7M | 18.5M | 16.3M | 5.8M | 2.1M | 8.8M |
| Debt Repayments | 20.0M | -- | -- | -- | 30.0M | 15.0M | 15.0M | 36.0M | 34.0M |
| Total Financing Cash Inflow | 70.0M | 20.0M | 1.8M | 1.5M | -- | 549.0M | 15.0M | 65.0M | 49.8M |
| Total Financing Cash Outflow | 33.0M | 3.0M | 2.0M | 18.2M | 100.0M | 35.6M | 20.8M | 41.6M | 53.0M |
| Financing Cash Flow | 37.0M | 17.0M | -204,000 | -16.8M | -100.0M | 513.0M | -5.8M | 23.4M | -3.2M |
| Net Change In Cash | 15.6M | -33.7M | -104.0M | -139.0M | -215.0M | 547.0M | -11.9M | 47.3M | -14.3M |
| Ending Cash Balance | 114.0M | 98.8M | 132.0M | 237.0M | 376.0M | 591.0M | 44.2M | 56.1M | 8.8M |
| Capex | 5.2M | 9.0M | 48.1M | 63.8M | 65.6M | 4.6M | 3.2M | 679,200 | 463,100 |