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 | 459.0M | 343.0M | 193.0M | 194.0M | 327.0M | 436.0M | 380.0M | 322.0M | 266.0M |
| Revenue Growth % | 33.8% | 77.7% | -0.5% | -40.7% | -25.0% | 14.7% | 18.0% | 21.1% | -- |
| Total Revenue | 459.0M | 343.0M | 193.0M | 194.0M | 327.0M | 436.0M | 380.0M | 322.0M | 266.0M |
| Cost Of Revenue | 175.0M | 141.0M | 71.1M | 50.9M | 65.8M | 74.4M | 67.3M | 52.0M | 38.3M |
| Gross Profit | 284.0M | 202.0M | 121.9M | 143.1M | 261.2M | 361.6M | 312.7M | 270.0M | 227.7M |
| Gross Margin % | 61.9% | 58.9% | 63.1% | 73.8% | 79.9% | 82.9% | 82.3% | 83.8% | 85.6% |
| Total Operating Cost | 508.0M | 421.0M | 415.0M | 359.0M | 312.0M | 331.0M | 280.0M | 241.0M | 228.0M |
| Selling Expenses | 79.0M | 63.2M | 55.2M | 58.0M | 77.4M | 106.0M | 87.6M | 70.3M | 71.7M |
| Admin Expenses | 89.5M | 94.6M | 120.0M | 92.0M | 60.7M | 61.2M | 51.7M | 59.8M | 35.5M |
| Rd Expenses | 141.0M | 114.0M | 153.0M | 149.0M | 109.0M | 89.6M | 66.5M | 53.7M | 76.0M |
| Finance Expenses | 3.6M | 2.3M | -779,300 | -1.7M | -5.8M | -4.8M | -1.6M | -438,000 | 337,300 |
| Operating Income | -17.0M | -69.4M | -219.0M | -163.0M | 24.0M | 109.0M | 108.0M | 82.3M | 38.0M |
| Operating Margin % | -3.7% | -20.2% | -113.5% | -84.0% | 7.3% | 25.0% | 28.4% | 25.6% | 14.3% |
| Non Operating Income | 617,900 | 1.8M | 101,100 | 568,500 | 6.0M | 541,300 | 1.3M | 1.9M | 2.8M |
| Non Operating Expenses | 810,400 | 257,500 | 2.3M | 395,800 | 1.2M | 1.2M | 6.9M | 3.7M | 460,000 |
| Investment Income | 11.2M | -4.7M | -4.1M | -287,800 | 6.3M | 1.9M | 7.5M | 953,200 | 71,000 |
| Asset Disposal Income | 287,300 | -1.4M | 4,600 | 185,600 | 10,500 | -- | -- | -- | -- |
| Asset Impairment Loss | 18.1M | 4.6M | 14.5M | 9.4M | 1.3M | 732,400 | 3.3M | 697,200 | 1.7M |
| Other Income | 21.3M | 14.1M | 6.6M | 1.2M | 2.3M | 1.7M | 264,600 | 480,900 | -- |
| Income Before Tax | -17.2M | -67.9M | -221.0M | -163.0M | 28.8M | 108.0M | 103.0M | 80.5M | 40.4M |
| Income Tax | -13.3M | -24.5M | -48.0M | -31.8M | 6.3M | 17.9M | 13.5M | 14.4M | 11.7M |
| Net Income | -3.9M | -43.4M | -173.0M | -131.0M | 22.5M | 90.0M | 89.2M | 66.1M | 28.7M |
| Net Margin % | -0.8% | -12.7% | -89.6% | -67.5% | 6.9% | 20.7% | 23.5% | 20.5% | 10.8% |
| Net Income Attributable | 1.5M | -39.6M | -162.0M | -131.0M | 22.5M | 90.0M | 89.2M | 66.1M | 28.7M |
| Minority Interest | -5.4M | -3.8M | -10.9M | -532,900 | -- | -- | -- | -- | -- |
| Eps Basic | 0.00 | -0.10 | -0.40 | -0.32 | 0.05 | 0.24 | 0.25 | 0.29 | 0.14 |
| Eps Diluted | 0.00 | -0.10 | -0.40 | -0.32 | 0.05 | 0.24 | 0.25 | 0.29 | 0.14 |
| 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 | 292.0M | 189.0M | 203.0M | 288.0M | 545.0M | 638.0M | 375.0M | 107.0M | 43.7M |
| Accounts Receivable | 7.5M | 8.9M | 20.3M | 11.2M | 65.0M | 80.6M | 81.1M | 91.7M | 79.0M |
| Notes Receivable | -- | -- | -- | 787,700 | 1.6M | 3.8M | 7.2M | 4.1M | 1.7M |
| Notes And Accounts Receivable | 7.5M | 8.9M | 20.3M | 12.0M | 66.7M | 84.3M | 88.2M | 95.8M | 80.7M |
| Prepayments | 256,900 | 636,200 | 4.4M | 11.9M | 12.2M | 1.8M | 6.9M | 4.5M | 1.6M |
| Inventory | 89.5M | 118.0M | 98.1M | 84.9M | 64.7M | 68.4M | 53.9M | 32.8M | 19.9M |
| Total Current Assets | 403.0M | 344.0M | 355.0M | 431.0M | 723.0M | 807.0M | 535.0M | 510.0M | 151.0M |
| Long Term Equity Investment | -- | 14.0M | 19.0M | 23.6M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | -- | 148.0M | 122.0M | 98.2M | 85.0M | 62.4M | -- | -- |
| Fixed Assets Total | 106.0M | 130.0M | 148.0M | 122.0M | 98.2M | 85.0M | 62.4M | 36.0M | 24.3M |
| Construction In Progress | -- | -- | 6.7M | 11.9M | 40.9M | 31.4M | 10.3M | -- | -- |
| Construction In Progress Total | 1.2M | 1.6M | 6.7M | 11.9M | 40.9M | 31.4M | 10.3M | 6.5M | 1.0M |
| Intangible Assets | 189.0M | 53.4M | 52.9M | 73.9M | 82.1M | 41.4M | 30.6M | 37.5M | 46.9M |
| Long Term Deferred Expenses | 20.8M | 44.1M | 67.6M | 86.0M | 25.8M | 12.8M | 16.1M | 19.9M | 22.5M |
| Total Non Current Assets | 897.0M | 842.0M | 713.0M | 672.0M | 494.0M | 399.0M | 271.0M | 201.0M | 130.0M |
| Total Assets | 1.3B | 1.2B | 1.1B | 1.1B | 1.2B | 1.2B | 806.0M | 710.0M | 281.0M |
| Short Term Borrowings | 53.0M | 53.6M | 35.5M | 5.0M | -- | -- | -- | -- | -- |
| Accounts Payable | 20.8M | 28.2M | 28.4M | 23.4M | 41.0M | 26.0M | 38.7M | 36.6M | 18.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.4M | 520,600 | 635,500 | 548,900 |
| Contract Liabilities | 1.9M | 1.1M | 791,300 | 409,600 | 790,300 | -- | -- | -- | -- |
| Total Current Liabilities | 192.0M | 151.0M | 132.0M | 92.6M | 92.2M | 79.2M | 83.1M | 87.3M | 63.8M |
| Long Term Borrowings | 54.8M | 50.3M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 210.0M | 173.0M | 47.9M | 65.4M | 47.5M | 27.9M | 21.7M | 16.3M | 14.2M |
| Total Liabilities | 402.0M | 324.0M | 180.0M | 158.0M | 140.0M | 107.0M | 105.0M | 104.0M | 78.1M |
| Paid In Capital | 413.0M | 410.0M | 410.0M | 410.0M | 410.0M | 410.0M | 360.0M | 261.0M | 201.0M |
| Capital Reserve | 652.0M | 609.0M | 597.0M | 527.0M | 545.0M | 545.0M | 288.0M | 328.0M | 50.3M |
| Surplus Reserve | 33.8M | 33.8M | 33.8M | 33.8M | 33.8M | 26.5M | 15.5M | 10.1M | 4.8M |
| Retained Earnings | -233.0M | -235.0M | -195.0M | -42.2M | 88.5M | 114.0M | 35.3M | 6.6M | -54.2M |
| Minority Equity | 31.5M | 41.7M | 40.4M | 17.3M | -- | -- | -- | -- | -- |
| Equity Attributable | 867.0M | 820.0M | 847.0M | 928.0M | 1.1B | 1.1B | 701.0M | 607.0M | 203.0M |
| Total Equity | 898.0M | 862.0M | 887.0M | 945.0M | 1.1B | 1.1B | 701.0M | 607.0M | 203.0M |
| 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 | 521.0M | 388.0M | 209.0M | 267.0M | 453.0M | 551.0M | 512.0M | 427.0M | 362.0M |
| Tax Refunds Received | 1.0M | 2.1M | 9.9M | 8.8M | 7.1M | 7.4M | 5.7M | -- | 3.9M |
| Total Operating Cash Inflow | 550.0M | 428.0M | 232.0M | 284.0M | 483.0M | 570.0M | 524.0M | 429.0M | 373.0M |
| Cash Paid For Goods | 76.0M | 75.2M | 40.7M | 55.4M | 94.5M | 127.0M | 154.0M | 131.0M | 108.0M |
| Cash Paid To Employees | 197.0M | 169.0M | 165.0M | 139.0M | 119.0M | 117.0M | 99.1M | 73.4M | 61.4M |
| Taxes Paid | 30.7M | 24.8M | 6.6M | 9.9M | 53.5M | 56.4M | 59.2M | 52.4M | 46.8M |
| Total Operating Cash Outflow | 419.0M | 371.0M | 344.0M | 344.0M | 412.0M | 433.0M | 426.0M | 359.0M | 331.0M |
| Operating Cash Flow | 131.0M | 56.8M | -111.0M | -60.1M | 70.5M | 138.0M | 97.6M | 70.3M | 42.2M |
| Total Investing Cash Inflow | 17.9M | 58.7M | 172.0M | 304.0M | 656.0M | 237.0M | 794.0M | 321.0M | 11.5M |
| Total Investing Cash Outflow | 107.0M | 252.0M | 261.0M | 490.0M | 777.0M | 415.0M | 631.0M | 657.0M | 54.3M |
| Investing Cash Flow | -89.5M | -193.0M | -88.9M | -187.0M | -120.0M | -178.0M | 163.0M | -336.0M | -42.9M |
| Cash From Borrowings | 81.0M | 104.0M | 55.5M | 5.0M | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 4.1M | 2.0M | 940,100 | 29,400 | 41.3M | -- | -- | 9.0M | 16.0M |
| Debt Repayments | 73.2M | 35.5M | 25.0M | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 159.0M | 169.0M | 159.0M | 5.0M | -- | 320.0M | 7.4M | 338.0M | -- |
| Total Financing Cash Outflow | 97.9M | 46.7M | 42.1M | 14.4M | 43.1M | 15.5M | -- | 9.0M | 16.0M |
| Financing Cash Flow | 61.5M | 122.0M | 117.0M | -9.4M | -43.1M | 304.0M | 7.4M | 329.0M | -16.0M |
| Net Change In Cash | 103.0M | -14.8M | -84.3M | -257.0M | -93.7M | 263.0M | 268.0M | 63.7M | -17.1M |
| Ending Cash Balance | 292.0M | 189.0M | 203.0M | 288.0M | 545.0M | 638.0M | 375.0M | 107.0M | 43.7M |
| Capex | 70.0M | 67.7M | 111.0M | 158.0M | 113.0M | 180.0M | 98.9M | 76.3M | 44.3M |