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 |
|---|---|---|---|---|---|
| Revenue | 445.0M | 340.0M | 344.0M | 303.0M | 269.0M |
| Revenue Growth % | 30.9% | -1.2% | 13.5% | 12.6% | -- |
| Total Revenue | 445.0M | 340.0M | 344.0M | 303.0M | 269.0M |
| Cost Of Revenue | 278.0M | 235.0M | 234.0M | 203.0M | 155.0M |
| Gross Profit | 167.0M | 105.0M | 110.0M | 100.0M | 114.0M |
| Gross Margin % | 37.5% | 30.9% | 32.0% | 33.0% | 42.4% |
| Total Operating Cost | 382.0M | 306.0M | 295.0M | 261.0M | 197.0M |
| Selling Expenses | 15.2M | 8.4M | 5.6M | 5.4M | 4.0M |
| Admin Expenses | 34.8M | 25.5M | 22.5M | 21.5M | 13.9M |
| Rd Expenses | 47.2M | 34.2M | 30.1M | 24.8M | 20.0M |
| Finance Expenses | -1.4M | -2.8M | -2.2M | 2.3M | 1.8M |
| Operating Income | 73.9M | 45.6M | 60.7M | 57.8M | 81.5M |
| Operating Margin % | 16.6% | 13.4% | 17.7% | 19.1% | 30.3% |
| Non Operating Income | 57,300 | 29,100 | 231,500 | 181,500 | 22,500 |
| Non Operating Expenses | 2.0M | 2.8M | 127,200 | 592,200 | 705,800 |
| Investment Income | 4.3M | 1.8M | 603,300 | 1.9M | 1.9M |
| Fair Value Change Income | 1.9M | 4.7M | 6.0M | 6.4M | 469,000 |
| Asset Disposal Income | -- | -- | -- | 268,600 | -15,800 |
| Asset Impairment Loss | 2.3M | 783,400 | 1.6M | 430,100 | 104,900 |
| Other Income | 4.4M | 4.8M | 4.9M | 7.1M | 7.3M |
| Income Before Tax | 71.9M | 42.8M | 60.8M | 57.3M | 80.9M |
| Income Tax | 3.9M | 1.6M | 2.4M | 5.1M | 10.0M |
| Net Income | 68.0M | 41.3M | 58.4M | 52.3M | 70.9M |
| Net Margin % | 15.3% | 12.1% | 17.0% | 17.3% | 26.4% |
| Net Income Attributable | 69.4M | 41.7M | 58.4M | 52.3M | 70.9M |
| Minority Interest | -1.3M | -405,700 | -- | -- | -- |
| Eps Basic | 0.54 | 0.32 | 0.45 | 0.43 | 0.73 |
| Eps Diluted | 0.54 | 0.32 | 0.45 | 0.43 | 0.73 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 137.0M | 128.0M | 104.0M | 12.7M | 65.3M |
| Trading Financial Assets | 100.0M | 144.0M | 196.0M | 352.0M | 55.1M |
| Accounts Receivable | 164.0M | 136.0M | 127.0M | 118.0M | 97.8M |
| Notes Receivable | 6.1M | 7.0M | 8.0M | 5.1M | 19.9M |
| Notes And Accounts Receivable | 170.0M | 143.0M | 135.0M | 123.0M | 118.0M |
| Prepayments | 2.0M | 841,900 | 694,400 | 837,200 | 772,000 |
| Inventory | 89.1M | 66.3M | 72.3M | 54.3M | 39.8M |
| Total Current Assets | 599.0M | 548.0M | 539.0M | 593.0M | 296.0M |
| Fixed Assets | -- | 395.0M | 362.0M | 347.0M | 153.0M |
| Fixed Assets Total | 443.0M | 395.0M | 362.0M | 347.0M | 153.0M |
| Construction In Progress | -- | 4.2M | 14.3M | 38,100 | 150.0M |
| Construction In Progress Total | 10.8M | 4.2M | 14.3M | 38,100 | 150.0M |
| Intangible Assets | 46.0M | 28.7M | 29.4M | 30.0M | 30.4M |
| Long Term Deferred Expenses | 12.2M | 9.8M | 8.9M | 8.9M | 2.3M |
| Total Non Current Assets | 700.0M | 539.0M | 477.0M | 417.0M | 339.0M |
| Total Assets | 1.3B | 1.1B | 1.0B | 1.0B | 636.0M |
| Short Term Borrowings | 85.4M | 29.4M | 4.9M | 455,400 | 20.0M |
| Accounts Payable | 41.5M | 33.4M | 35.1M | 42.7M | 53.2M |
| Advance Receipts | 310,000 | 48,600 | -- | 77,600 | 92,700 |
| Contract Liabilities | 1.3M | 418,600 | 687,400 | 805,200 | 299,700 |
| Total Current Liabilities | 253.0M | 138.0M | 119.0M | 126.0M | 124.0M |
| Long Term Borrowings | 32.8M | 17.8M | -- | 29.0M | 94.0M |
| Total Non Current Liabilities | 76.5M | 36.7M | 17.9M | 46.2M | 97.1M |
| Total Liabilities | 329.0M | 174.0M | 137.0M | 172.0M | 221.0M |
| Paid In Capital | 129.0M | 129.0M | 129.0M | 129.0M | 97.0M |
| Capital Reserve | 576.0M | 592.0M | 592.0M | 592.0M | 232.0M |
| Surplus Reserve | 31.4M | 24.1M | 19.6M | 13.8M | 8.6M |
| Retained Earnings | 194.0M | 157.0M | 138.0M | 102.0M | 77.3M |
| Minority Equity | 48.7M | 9.5M | -- | -- | -- |
| Equity Attributable | 921.0M | 903.0M | 879.0M | 837.0M | 415.0M |
| Total Equity | 970.0M | 912.0M | 879.0M | 837.0M | 415.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 405.0M | 348.0M | 324.0M | 265.0M | 199.0M |
| Tax Refunds Received | -- | -- | 421,600 | 4.4M | 4.7M |
| Total Operating Cash Inflow | 413.0M | 354.0M | 329.0M | 285.0M | 212.0M |
| Cash Paid For Goods | 134.0M | 131.0M | 118.0M | 78.8M | 61.4M |
| Cash Paid To Employees | 156.0M | 121.0M | 124.0M | 107.0M | 81.1M |
| Taxes Paid | 25.4M | 18.0M | 13.0M | 9.1M | 12.9M |
| Total Operating Cash Outflow | 343.0M | 287.0M | 274.0M | 210.0M | 171.0M |
| Operating Cash Flow | 69.8M | 67.1M | 55.4M | 75.5M | 41.3M |
| Total Investing Cash Inflow | 623.0M | 694.0M | 1.3B | 1.4B | 452.0M |
| Total Investing Cash Outflow | 729.0M | 769.0M | 1.3B | 1.8B | 604.0M |
| Investing Cash Flow | -106.0M | -75.2M | 47.2M | -424.0M | -152.0M |
| Cash From Borrowings | 138.0M | 102.0M | 10.5M | 19.1M | 104.0M |
| Dividends And Interest Paid | 29.3M | 19.8M | 17.2M | 26.7M | 2.1M |
| Debt Repayments | 44.8M | 50.0M | 50.6M | 79.5M | -- |
| Total Financing Cash Inflow | 171.0M | 112.0M | 10.5M | 420.0M | 104.0M |
| Total Financing Cash Outflow | 92.4M | 75.1M | 71.8M | 118.0M | 5.6M |
| Financing Cash Flow | 79.0M | 37.0M | -61.3M | 303.0M | 98.4M |
| Net Change In Cash | 45.5M | 30.2M | 42.6M | -46.7M | -13.8M |
| Ending Cash Balance | 131.0M | 85.5M | 55.3M | 12.7M | 59.3M |
| Capex | 90.3M | 64.8M | 67.3M | 106.0M | 160.0M |