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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 737.0M | 548.0M | 456.0M | 391.0M | 263.0M | 249.0M | 195.0M | 151.0M | 106.0M | 61.2M | 47.1M |
| Revenue Growth % | 34.5% | 20.2% | 16.6% | 48.7% | 5.6% | 27.7% | 29.1% | 42.5% | 73.3% | 29.8% | -- |
| Total Revenue | 737.0M | 548.0M | 456.0M | 391.0M | 263.0M | 249.0M | 195.0M | 151.0M | 106.0M | 61.2M | 47.1M |
| Cost Of Revenue | 251.0M | 206.0M | 201.0M | 155.0M | 96.0M | 85.5M | 66.7M | 51.0M | 37.6M | 19.5M | 11.4M |
| Gross Profit | 486.0M | 342.0M | 255.0M | 236.0M | 167.0M | 163.5M | 128.3M | 100.0M | 68.4M | 41.6M | 35.7M |
| Gross Margin % | 65.9% | 62.4% | 55.9% | 60.4% | 63.5% | 65.7% | 65.8% | 66.2% | 64.5% | 68.0% | 75.8% |
| Total Operating Cost | 897.0M | 546.0M | 488.0M | 338.0M | 244.0M | 185.0M | 140.0M | 122.0M | 97.9M | 71.0M | 39.8M |
| Selling Expenses | 222.0M | 99.9M | 88.9M | 59.1M | 25.8M | 21.9M | 20.5M | 14.9M | 8.4M | 4.6M | 6.4M |
| Admin Expenses | 108.0M | 69.2M | 58.4M | 48.1M | 31.3M | 23.0M | 21.2M | 25.1M | 34.9M | 45.9M | 20.8M |
| Rd Expenses | 160.0M | 127.0M | 105.0M | 93.6M | 63.3M | 37.8M | 26.6M | 26.5M | 15.9M | -- | -- |
| Finance Expenses | 9.8M | 5.2M | -288,000 | -6.0M | -2.5M | -188,500 | 195,000 | 130,100 | -58,800 | -7,900 | 11,200 |
| Operating Income | -126.0M | 26.5M | -3.1M | 82.0M | 49.3M | 77.9M | 70.1M | 39.0M | 8.5M | -9.8M | 7.4M |
| Operating Margin % | -17.1% | 4.8% | -0.7% | 21.0% | 18.8% | 31.3% | 36.0% | 25.8% | 8.0% | -16.1% | 15.6% |
| Non Operating Income | -- | -- | -- | 127,300 | -- | 4.5M | 490,200 | 1.8M | 4.9M | 6.9M | 3.6M |
| Non Operating Expenses | 166,800 | 125,700 | 107,500 | -- | -- | -- | 22,800 | -- | -- | 400.00 | 1,400 |
| Investment Income | 10.4M | 3.4M | 7.4M | 8.7M | 12.5M | -- | -- | -- | 102,000 | 27,600 | -- |
| Fair Value Change Income | -- | 5,100 | -- | 98,600 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 2,000 | -- | -- | 68,600 | -- | -- | -- | -146,500 | -- | -- | -- |
| Asset Impairment Loss | 1.6M | 40,400 | -- | 1.9M | -- | -- | 2.3M | 2.7M | -86,700 | 224,900 | 478,000 |
| Other Income | 23.7M | 20.3M | 21.4M | 19.6M | 17.6M | 14.4M | 14.6M | 10.8M | -- | -- | -- |
| Income Before Tax | -126.0M | 26.3M | -3.2M | 82.1M | 49.3M | 82.4M | 70.6M | 40.8M | 13.4M | -3.0M | 10.9M |
| Income Tax | -8.6M | 3.6M | 4.8M | 11.3M | 4.7M | 9.3M | 10.9M | 5.4M | 3.7M | 3.0M | -96,600 |
| Net Income | -117.0M | 22.7M | -8.0M | 70.9M | 44.6M | 73.1M | 59.6M | 35.4M | 9.8M | -6.0M | 11.0M |
| Net Margin % | -15.9% | 4.1% | -1.8% | 18.1% | 16.9% | 29.3% | 30.6% | 23.4% | 9.2% | -9.8% | 23.4% |
| Net Income Attributable | -119.0M | 11.8M | -8.5M | 72.2M | 44.5M | 73.8M | 61.5M | 36.0M | 10.0M | -12.1M | 4.4M |
| Minority Interest | 1.4M | 10.9M | 461,100 | -1.3M | 105,000 | -703,300 | -1.9M | -678,600 | -187,600 | 6.1M | 6.6M |
| Eps Basic | -1.55 | 0.15 | -0.12 | 1.01 | 0.87 | 1.77 | 1.60 | 0.97 | 0.28 | -2.72 | 3.68 |
| Eps Diluted | -1.55 | 0.15 | -0.12 | 1.01 | 0.87 | 1.77 | 1.60 | 0.97 | 0.28 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 468.0M | 341.0M | 493.0M | 684.0M | 533.0M | 776.0M | 106.0M | 105.0M | 39.4M | 43.2M | 2.8M |
| Trading Financial Assets | -- | 5,100 | -- | 40.1M | 270.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 544.0M | 612.0M | 405.0M | 241.0M | 215.0M | 208.0M | 135.0M | 96.9M | 64.7M | 34.4M | 7.2M |
| Notes Receivable | 8.9M | 9.2M | 5.7M | 19.6M | 4.2M | 1.7M | 13.4M | 5.2M | 1.9M | 442,600 | 14.7M |
| Notes And Accounts Receivable | 553.0M | 621.0M | 411.0M | 260.0M | 219.0M | 210.0M | 148.0M | 102.0M | 66.6M | 34.8M | 21.9M |
| Prepayments | 37.9M | 64.4M | 22.7M | 26.5M | 26.7M | 230,000 | 1.5M | 3.4M | 825,900 | 1.4M | 1.3M |
| Inventory | 47.4M | 51.7M | 32.2M | 36.7M | 29.4M | 22.1M | 14.3M | 12.4M | 9.0M | 2.2M | 723,900 |
| Total Current Assets | 1.1B | 1.1B | 988.0M | 1.1B | 1.1B | 1.0B | 272.0M | 230.0M | 118.0M | 85.7M | 33.3M |
| Long Term Equity Investment | 144.0M | 134.0M | 135.0M | 85.6M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 92.3M | 62.4M | 52.7M | 39.7M | 36.7M | 1.5M | -- | -- | 1.8M | 397,300 |
| Fixed Assets Total | 385.0M | 92.3M | 62.4M | 52.7M | 39.7M | 36.7M | 1.5M | 1.6M | 2.5M | 1.8M | 397,300 |
| Construction In Progress | -- | 245.0M | 224.0M | -- | -- | -- | 29.7M | -- | -- | -- | -- |
| Construction In Progress Total | 30.2M | 245.0M | 224.0M | -- | -- | -- | 29.7M | -- | -- | -- | -- |
| Intangible Assets | 19.3M | 12.0M | 13.8M | 10.7M | 8.6M | 5.4M | 5.8M | 3.3M | 2.0M | 2.2M | 32,500 |
| Total Non Current Assets | 659.0M | 527.0M | 450.0M | 161.0M | 58.4M | 47.0M | 39.9M | 17.6M | 6.1M | 4.1M | 526,400 |
| Total Assets | 1.8B | 1.6B | 1.4B | 1.2B | 1.1B | 1.1B | 312.0M | 247.0M | 124.0M | 89.8M | 33.9M |
| Short Term Borrowings | 195.0M | 112.0M | 171.0M | 63.1M | 42.1M | 6.1M | 15.0M | 8.5M | 3.0M | 2.0M | 900,000 |
| Accounts Payable | 171.0M | 93.0M | 26.9M | 27.8M | 24.6M | 25.4M | 6.2M | 14.0M | 7.5M | 5.8M | 2.4M |
| Advance Receipts | -- | -- | -- | -- | -- | 545,700 | 563,200 | 127,700 | 112,000 | 123,300 | 50,000 |
| Contract Liabilities | 4.1M | 3.6M | 836,800 | 1.4M | 6.6M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 536.0M | 262.0M | 228.0M | 145.0M | 122.0M | 63.7M | 53.8M | 39.8M | 20.4M | 44.1M | 9.8M |
| Long Term Borrowings | 78.5M | 86.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 111.0M | 119.0M | 4.2M | 1.7M | 531,200 | 578,400 | 642,600 | -- | -- | -- | -- |
| Total Liabilities | 647.0M | 381.0M | 232.0M | 146.0M | 123.0M | 64.3M | 54.5M | 39.8M | 20.4M | 44.1M | 9.8M |
| Paid In Capital | 76.9M | 76.3M | 76.1M | 51.3M | 51.2M | 51.2M | 38.4M | 38.4M | 8.0M | 6.7M | 4.0M |
| Capital Reserve | 923.0M | 905.0M | 897.0M | 787.0M | 774.0M | 775.0M | 118.0M | 114.0M | 61.0M | 29.0M | 380,100 |
| Surplus Reserve | 25.3M | 25.3M | 22.2M | 19.5M | 16.5M | 10.5M | 6.1M | 4.5M | 2.0M | -- | -- |
| Retained Earnings | 96.8M | 219.0M | 211.0M | 232.0M | 178.0M | 163.0M | 93.4M | 46.9M | 32.3M | -2.9M | 9.1M |
| Minority Equity | 15.1M | 11.6M | 620,600 | 159,500 | 2.1M | 1.0M | 1.7M | 3.7M | -- | 12.9M | 10.5M |
| Equity Attributable | 1.1B | 1.2B | 1.2B | 1.1B | 1.0B | 1.0B | 255.0M | 204.0M | 103.0M | 32.7M | 13.5M |
| Total Equity | 1.1B | 1.2B | 1.2B | 1.1B | 1.0B | 1.0B | 257.0M | 208.0M | 103.0M | 45.7M | 24.0M |
| 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 670.0M | 369.0M | 327.0M | 414.0M | 265.0M | 209.0M | 178.0M | 139.0M | 92.0M | 57.9M | 45.6M |
| Tax Refunds Received | 19.7M | 17.2M | 18.0M | 18.4M | 15.8M | 13.3M | 13.3M | 10.8M | 4.9M | 5.8M | 3.1M |
| Total Operating Cash Inflow | 2.1B | 406.0M | 355.0M | 461.0M | 296.0M | 231.0M | 194.0M | 152.0M | 101.0M | 77.3M | 51.4M |
| Cash Paid For Goods | 278.0M | 188.0M | 210.0M | 208.0M | 135.0M | 92.7M | 84.2M | 58.8M | 49.9M | 20.3M | 13.7M |
| Cash Paid To Employees | 182.0M | 176.0M | 162.0M | 93.1M | 61.4M | 47.4M | 45.1M | 33.3M | 21.5M | 18.2M | 13.1M |
| Taxes Paid | 48.9M | 34.0M | 36.2M | 41.3M | 31.6M | 37.9M | 25.4M | 21.0M | 13.0M | 6.1M | 6.5M |
| Total Operating Cash Outflow | 1.9B | 532.0M | 523.0M | 442.0M | 283.0M | 208.0M | 176.0M | 133.0M | 98.9M | 66.2M | 52.2M |
| Operating Cash Flow | 157.0M | -126.0M | -169.0M | 19.1M | 12.5M | 22.9M | 18.0M | 19.3M | 1.9M | 11.1M | -726,000 |
| Total Investing Cash Inflow | 145.0M | 742.0M | 1.2B | 852.0M | 163.0M | -- | -- | 1.8M | 36.7M | 8.0M | 50,000 |
| Total Investing Cash Outflow | 250.0M | 827.0M | 1.5B | 722.0M | 432.0M | 7.5M | 21.1M | 14.7M | 39.8M | 8.9M | 3.3M |
| Investing Cash Flow | -105.0M | -84.4M | -242.0M | 130.0M | -269.0M | -7.5M | -21.1M | -12.8M | -3.1M | -901,900 | -3.3M |
| Cash From Borrowings | 216.0M | 149.0M | 152.0M | 88.9M | 51.3M | 13.3M | 15.0M | 16.0M | 3.0M | 2.0M | 900,000 |
| Dividends And Interest Paid | 14.3M | 7.2M | 12.7M | 17.5M | 23.8M | 796,400 | 8.8M | 24.3M | 139,400 | 39,800 | 3.9M |
| Debt Repayments | 144.0M | 84.7M | 44.6M | 66.3M | 15.4M | 22.1M | 8.5M | 10.5M | 2.0M | 900,000 | -- |
| Total Financing Cash Inflow | 234.0M | 156.0M | 282.0M | 93.4M | 51.3M | 699.0M | 15.0M | 95.9M | 15.0M | 33.2M | 1.3M |
| Total Financing Cash Outflow | 165.0M | 97.0M | 63.0M | 112.0M | 40.2M | 38.0M | 17.3M | 36.5M | 17.6M | 3.0M | 3.9M |
| Financing Cash Flow | 69.6M | 59.0M | 219.0M | -18.5M | 11.1M | 661.0M | -2.3M | 59.3M | -2.6M | 30.2M | -2.7M |
| Net Change In Cash | 123.0M | -152.0M | -191.0M | 131.0M | -246.0M | 676.0M | -5.4M | 65.8M | -3.8M | 40.4M | -6.7M |
| Ending Cash Balance | 440.0M | 318.0M | 470.0M | 661.0M | 530.0M | 776.0M | 99.8M | 105.0M | 39.4M | 43.2M | 2.8M |
| Capex | 95.4M | 66.9M | 240.0M | 23.9M | 11.9M | 7.5M | 18.4M | 14.7M | 3.2M | 3.9M | 277,600 |