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 | 476.0M | 396.0M | 514.0M | 422.0M | 352.0M | 324.0M | 253.0M | 166.0M | 96.7M | 59.3M | 39.3M | 25.3M | 16.9M |
| Revenue Growth % | 20.2% | -23.0% | 21.8% | 19.9% | 8.6% | 28.1% | 52.4% | 71.6% | 63.2% | 50.6% | 55.4% | 49.7% | -- |
| Total Revenue | 476.0M | 396.0M | 514.0M | 422.0M | 352.0M | 324.0M | 253.0M | 166.0M | 96.7M | 59.3M | 39.3M | 25.3M | 16.9M |
| Cost Of Revenue | 345.0M | 279.0M | 321.0M | 256.0M | 210.0M | 192.0M | 147.0M | 95.8M | 56.7M | 35.7M | 27.6M | 18.1M | 12.5M |
| Gross Profit | 131.0M | 117.0M | 193.0M | 166.0M | 142.0M | 132.0M | 106.0M | 70.2M | 40.0M | 23.5M | 11.7M | 7.2M | 4.4M |
| Gross Margin % | 27.5% | 29.5% | 37.5% | 39.3% | 40.3% | 40.7% | 41.9% | 42.3% | 41.4% | 39.7% | 29.7% | 28.5% | 26.0% |
| Total Operating Cost | 511.0M | 450.0M | 468.0M | 370.0M | 302.0M | 261.0M | 200.0M | 132.0M | 76.5M | 47.1M | 37.5M | 25.1M | 18.7M |
| Selling Expenses | 19.3M | 15.8M | 23.9M | 19.2M | 15.0M | 16.0M | 12.9M | 9.1M | 5.7M | 2.2M | 1.9M | 1.2M | 1.6M |
| Admin Expenses | 73.7M | 57.8M | 54.6M | 44.1M | 35.3M | 22.9M | 18.0M | 10.7M | 6.0M | 7.7M | 6.4M | 5.0M | 3.5M |
| Rd Expenses | 28.2M | 30.9M | 30.1M | 23.2M | 15.9M | 15.2M | 9.6M | 6.2M | 4.5M | -- | -- | -- | -- |
| Finance Expenses | 33.8M | 29.2M | 15.2M | 4.4M | 2.4M | 3.0M | 350,500 | 1.0M | 592,000 | 730,400 | 701,100 | 461,800 | 567,700 |
| Operating Income | -28.2M | -37.9M | 57.7M | 65.8M | 71.0M | 70.1M | 62.4M | 34.1M | 20.2M | 12.2M | 1.8M | 375,800 | -1.8M |
| Operating Margin % | -5.9% | -9.6% | 11.2% | 15.6% | 20.2% | 21.6% | 24.7% | 20.5% | 20.9% | 20.5% | 4.7% | 1.5% | -10.4% |
| Non Operating Income | 436,300 | 1.1M | 125,600 | 37,800 | 193,100 | 75,500 | 300,400 | 40,000 | 286,000 | 1.8M | 356,300 | 585,200 | 610,300 |
| Non Operating Expenses | 394,800 | 200.00 | 50,200 | 111,400 | 72,300 | 128,300 | 15.00 | 64,000 | 3,300 | 20,200 | 41,300 | 47,400 | 82,700 |
| Investment Income | -538,600 | 1.8M | 76,400 | 1.5M | 3.9M | 199,000 | 103,500 | -- | -- | -- | -- | 117,000 | -- |
| Asset Disposal Income | 22,300 | 77,500 | -- | -7,000 | -- | -- | 1,200 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | -357,700 | -922,900 | 2.0M | -902,800 | 2.5M | -- | 9.2M | 8.0M | 1.9M | 302,700 | 590,700 | 191,300 | 387,800 |
| Other Income | 7.7M | 14.1M | 11.4M | 11.9M | 17.0M | 7.4M | 8.7M | 55,600 | -- | -- | -- | -- | -- |
| Income Before Tax | -28.2M | -36.8M | 57.8M | 65.7M | 71.1M | 70.0M | 62.7M | 34.0M | 20.5M | 14.0M | 2.2M | 913,500 | -1.2M |
| Income Tax | -3.6M | -7.5M | 5.2M | 9.5M | 9.4M | 9.4M | 9.2M | 5.0M | 3.6M | 1.9M | 529,400 | 21,300 | -20,400 |
| Net Income | -24.6M | -29.2M | 52.7M | 56.2M | 61.8M | 60.6M | 53.6M | 29.0M | 16.9M | 12.1M | 1.6M | 892,200 | -1.2M |
| Net Margin % | -5.2% | -7.4% | 10.2% | 13.3% | 17.6% | 18.7% | 21.2% | 17.5% | 17.5% | 20.4% | 4.1% | 3.5% | -7.2% |
| Net Income Attributable | -24.7M | -29.2M | 52.6M | 56.3M | 62.2M | 61.3M | 53.5M | 29.0M | 16.9M | 12.1M | 1.6M | 893,600 | -1.1M |
| Minority Interest | 85,800 | 23,700 | 13,300 | -84,800 | -373,100 | -650,000 | 46,600 | -- | -- | -- | -- | -1,400 | -78,600 |
| Eps Basic | -0.16 | -0.19 | 0.49 | 0.52 | 0.63 | 0.77 | 0.70 | 0.40 | 0.26 | 0.80 | 0.16 | 0.09 | -0.12 |
| Eps Diluted | -0.16 | -0.19 | 0.49 | 0.52 | 0.63 | 0.77 | 0.70 | 0.40 | 0.26 | 0.80 | -- | -- | -0.12 |
| 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 | 95.5M | 180.0M | 203.0M | 150.0M | 162.0M | 137.0M | 49.0M | 79.3M | 23.8M | 19.9M | 2.1M | 3.1M | 6.5M |
| Trading Financial Assets | -- | -- | 151.0M | 1.7M | 63.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 644.0M | 629.0M | 601.0M | 502.0M | 388.0M | 307.0M | 258.0M | 174.0M | 95.7M | 39.5M | 26.9M | 16.2M | 12.2M |
| Notes Receivable | 31.3M | 39.6M | 39.2M | 16.7M | 3.6M | 16.1M | 48.0M | 11.3M | 9.6M | 350,000 | -- | 136,100 | -- |
| Notes And Accounts Receivable | 675.0M | 668.0M | 640.0M | 518.0M | 392.0M | 323.0M | 306.0M | 185.0M | 105.0M | 39.9M | 26.9M | 16.3M | 12.2M |
| Prepayments | 62.8M | 125.0M | 115.0M | 59.8M | 48.1M | 36.1M | 8.4M | 4.7M | 4.8M | 1.9M | 2.2M | 828,100 | 1.0M |
| Inventory | 153.0M | 183.0M | 113.0M | 57.2M | 34.9M | 18.1M | 24.3M | 2.6M | 9.5M | 3.0M | 2.7M | 2.3M | 731,200 |
| Total Current Assets | 1.1B | 1.3B | 1.3B | 838.0M | 752.0M | 530.0M | 400.0M | 276.0M | 149.0M | 69.6M | 35.9M | 24.9M | 29.8M |
| Long Term Equity Investment | 39.7M | 37.8M | 38.5M | 29.5M | 27.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 306.0M | 267.0M | 63.0M | 68.3M | 17.3M | 13.0M | 13.2M | -- | -- | 5.1M | 5.1M | 5.7M |
| Fixed Assets Total | 681.0M | 306.0M | 267.0M | 63.0M | 68.3M | 17.3M | 13.0M | 13.2M | 13.0M | 5.1M | 5.1M | 5.1M | 5.7M |
| Construction In Progress | -- | 210.0M | 38.4M | 158.0M | 78.8M | 8.7M | -- | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 1.7M | 210.0M | 38.4M | 158.0M | 78.8M | 8.7M | -- | -- | 335,500 | -- | -- | -- | -- |
| Intangible Assets | 14.8M | 17.0M | 16.8M | 12.8M | 13.3M | 11.6M | 880,100 | 37,200 | 27,900 | 32,600 | 33,500 | 11,000 | 82,200 |
| Long Term Deferred Expenses | 1.0M | 522,300 | 231,700 | 30,300 | 81,100 | 494,000 | 118,300 | -- | -- | -- | -- | -- | 39,800 |
| Total Non Current Assets | 783.0M | 629.0M | 424.0M | 325.0M | 239.0M | 44.8M | 18.8M | 14.9M | 13.9M | 5.4M | 5.3M | 5.3M | 6.2M |
| Total Assets | 1.8B | 1.9B | 1.7B | 1.2B | 992.0M | 575.0M | 418.0M | 291.0M | 163.0M | 75.0M | 41.2M | 30.2M | 36.0M |
| Short Term Borrowings | 282.0M | 242.0M | 195.0M | 128.0M | 68.1M | 24.7M | 23.9M | 17.8M | 25.2M | 10.1M | 11.1M | 6.6M | 7.6M |
| Accounts Payable | 205.0M | 189.0M | 126.0M | 123.0M | 115.0M | 78.0M | 91.9M | 39.1M | 37.2M | 8.8M | 9.3M | 4.7M | 8.7M |
| Advance Receipts | 68,800 | -- | -- | -- | -- | 355,300 | 2.3M | 1.1M | 762,700 | 751,000 | 3.8M | 4.7M | 3.4M |
| Contract Liabilities | 315,900 | 13,300 | 1.2M | -- | 17,700 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 610.0M | 604.0M | 491.0M | 323.0M | 254.0M | 175.0M | 157.0M | 75.7M | 72.1M | 39.4M | 28.6M | 19.3M | 24.7M |
| Long Term Borrowings | 114.0M | 159.0M | 50.2M | 41.3M | -- | -- | -- | -- | -- | -- | 188,400 | -- | -- |
| Total Non Current Liabilities | 450.0M | 482.0M | 364.0M | 46.7M | 5.2M | 30.0M | -- | -- | -- | -- | 188,400 | -- | 452,700 |
| Total Liabilities | 1.1B | 1.1B | 855.0M | 370.0M | 260.0M | 205.0M | 157.0M | 75.7M | 72.1M | 39.4M | 28.8M | 19.3M | 25.2M |
| Paid In Capital | 152.0M | 151.0M | 108.0M | 107.0M | 107.0M | 80.5M | 76.5M | 76.5M | 66.5M | 18.5M | 10.0M | 10.0M | 10.0M |
| Capital Reserve | 423.0M | 417.0M | 463.0M | 451.0M | 446.0M | 130.0M | 86.0M | 85.9M | 775,500 | 4.4M | 859,000 | 245,100 | -- |
| Surplus Reserve | 35.0M | 35.0M | 35.0M | 29.4M | 23.6M | 17.4M | 11.2M | 5.9M | 3.0M | 1.3M | 162,500 | 61,400 | -- |
| Retained Earnings | 139.0M | 164.0M | 209.0M | 205.0M | 155.0M | 142.0M | 87.2M | 46.7M | 20.6M | 11.4M | 1.5M | 552,500 | -279,700 |
| Minority Equity | 1.1M | 772,400 | 748,700 | -- | 915,900 | -63,400 | 586,600 | -- | -- | -- | -- | -- | 1.1M |
| Equity Attributable | 781.0M | 811.0M | 860.0M | 793.0M | 731.0M | 370.0M | 261.0M | 215.0M | 90.8M | 35.6M | 12.5M | 10.9M | 9.7M |
| Total Equity | 782.0M | 812.0M | 860.0M | 793.0M | 732.0M | 370.0M | 261.0M | 215.0M | 90.8M | 35.6M | 12.5M | 10.9M | 10.8M |
| 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 | 415.0M | 432.0M | 309.0M | 245.0M | 210.0M | 328.0M | 129.0M | 102.0M | 50.6M | 53.1M | 34.4M | 25.1M | 21.1M |
| Tax Refunds Received | 310,400 | 1.2M | 882,600 | 4.6M | 6.0M | 6.3M | 6.7M | -- | -- | -- | -- | 41,400 | -- |
| Total Operating Cash Inflow | 488.0M | 489.0M | 396.0M | 305.0M | 243.0M | 364.0M | 155.0M | 136.0M | 94.9M | 73.7M | 36.9M | 32.7M | 25.8M |
| Cash Paid For Goods | 280.0M | 380.0M | 291.0M | 262.0M | 206.0M | 215.0M | 93.2M | 95.2M | 47.4M | 41.8M | 30.9M | 25.5M | 11.7M |
| Cash Paid To Employees | 59.7M | 65.4M | 59.8M | 46.5M | 36.8M | 26.2M | 15.6M | 11.9M | 5.8M | 3.9M | 2.4M | 1.7M | 1.6M |
| Taxes Paid | 9.1M | 19.5M | 29.7M | 25.0M | 24.4M | 34.1M | 30.1M | 12.1M | 13.1M | 5.2M | 1.8M | 1.1M | 1.0M |
| Total Operating Cash Outflow | 484.0M | 577.0M | 469.0M | 412.0M | 311.0M | 326.0M | 180.0M | 164.0M | 121.0M | 79.3M | 41.4M | 38.7M | 23.8M |
| Operating Cash Flow | 3.9M | -88.6M | -72.6M | -107.0M | -67.6M | 37.4M | -24.4M | -27.9M | -26.3M | -5.6M | -4.5M | -6.0M | 1.9M |
| Total Investing Cash Inflow | 20.3M | 284.0M | 309.0M | 284.0M | 11.4M | 73.5M | 15.6M | -- | -- | 9,806 | -- | 4.2M | -- |
| Total Investing Cash Outflow | 168.0M | 349.0M | 545.0M | 275.0M | 245.0M | 100.0M | 19.9M | 1.8M | 8.5M | 738,200 | 301,600 | 35,300 | 228,000 |
| Investing Cash Flow | -148.0M | -64.9M | -236.0M | 9.1M | -234.0M | -26.7M | -4.2M | -1.8M | -8.5M | -728,400 | -301,600 | 4.2M | -228,000 |
| Cash From Borrowings | 309.0M | 377.0M | 218.0M | 175.0M | 75.0M | 58.3M | 26.4M | 20.8M | 29.8M | 10.1M | 12.7M | 10.6M | 10.0M |
| Dividends And Interest Paid | 12.8M | 27.3M | 50.6M | 5.9M | 47.7M | 1.1M | 8.4M | 1.1M | 6.7M | 743,900 | 714,900 | 491,800 | 564,900 |
| Debt Repayments | 283.0M | 214.0M | 138.0M | 83.5M | 43.7M | 27.9M | 20.3M | 28.2M | 14.7M | 11.2M | 8.2M | 11.6M | 8.9M |
| Total Financing Cash Inflow | 369.0M | 377.0M | 553.0M | 244.0M | 512.0M | 147.0M | 64.0M | 128.0M | 62.8M | 38.9M | 15.5M | 12.4M | 10.0M |
| Total Financing Cash Outflow | 312.0M | 245.0M | 208.0M | 160.0M | 167.0M | 94.7M | 66.5M | 49.1M | 32.6M | 15.6M | 10.6M | 14.9M | 11.3M |
| Financing Cash Flow | 56.6M | 133.0M | 345.0M | 84.0M | 345.0M | 52.7M | -2.5M | 78.7M | 30.2M | 23.3M | 4.9M | -2.5M | -1.3M |
| Net Change In Cash | -87.6M | -20.9M | 36.3M | -13.6M | 43.2M | 63.4M | -31.1M | 49.0M | -4.6M | 16.9M | 58,200 | -4.3M | 425,500 |
| Ending Cash Balance | 51.2M | 139.0M | 160.0M | 123.0M | 137.0M | 93.7M | 30.3M | 61.5M | 12.4M | 17.1M | 407,600 | 349,300 | 4.6M |
| Capex | 146.0M | 219.0M | 78.2M | 58.1M | 146.0M | 26.4M | 4.4M | 1.8M | 8.5M | 738,200 | 301,600 | 35,300 | 228,000 |