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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 388.0M | 372.0M | 306.0M | 200.0M | 133.0M | 247.0M | 167.0M | 98.0M | 63.2M | 51.7M | 8.1M | 7.0M |
| Revenue Growth % | 4.3% | 21.6% | 53.0% | 50.4% | -46.2% | 47.9% | 70.4% | 55.0% | 22.2% | 542.4% | 14.5% | -- |
| Total Revenue | 388.0M | 372.0M | 306.0M | 200.0M | 133.0M | 247.0M | 167.0M | 98.0M | 63.2M | 51.7M | 8.1M | 7.0M |
| Cost Of Revenue | 281.0M | 261.0M | 215.0M | 137.0M | 79.0M | 144.0M | 99.0M | 58.5M | 36.6M | 31.5M | 3.9M | 2.5M |
| Gross Profit | 107.0M | 111.0M | 91.0M | 63.0M | 54.0M | 103.0M | 68.0M | 39.5M | 26.6M | 20.2M | 4.1M | 4.6M |
| Gross Margin % | 27.6% | 29.8% | 29.7% | 31.5% | 40.6% | 41.7% | 40.7% | 40.3% | 42.1% | 39.1% | 51.3% | 64.7% |
| Total Operating Cost | 375.0M | 358.0M | 299.0M | 195.0M | 132.0M | 207.0M | 141.0M | 88.0M | 55.6M | 46.7M | 7.4M | 4.4M |
| Selling Expenses | 32.6M | 30.5M | 26.8M | 19.3M | 14.0M | 18.9M | 11.4M | 6.9M | 4.2M | 3.9M | 1.0M | 165,500 |
| Admin Expenses | 23.1M | 23.2M | 18.0M | 15.5M | 12.3M | 17.2M | 8.7M | 7.4M | 6.2M | 9.7M | 2.2M | 1.6M |
| Rd Expenses | 28.1M | 28.1M | 24.4M | 19.5M | 17.5M | 20.0M | 18.3M | 12.1M | 6.7M | -- | -- | -- |
| Finance Expenses | -826,300 | 181,700 | -1.0M | -4.5M | 874,400 | -167,800 | -399,200 | 428,400 | 144,800 | 253,100 | 100.00 | 700.00 |
| Operating Income | 22.1M | 19.8M | 15.8M | 15.9M | 20.4M | 52.7M | 32.2M | 15.0M | 7.6M | 5.1M | 611,700 | 2.7M |
| Operating Margin % | 5.7% | 5.3% | 5.2% | 7.9% | 15.3% | 21.3% | 19.3% | 15.3% | 12.0% | 9.8% | 7.6% | 38.2% |
| Non Operating Income | 501,900 | 87,600 | 20,100 | 15,900 | 103,800 | 33,400 | -- | 160,900 | 1.7M | 1.8M | 574,300 | 541,300 |
| Non Operating Expenses | 10,200 | 277,900 | 4.1M | 263,000 | 1.8M | 20,400 | 1,200 | 206,100 | 3,200 | 9,700 | -- | -- |
| Investment Income | -- | -- | -- | -- | -- | 47,500 | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- | -- | 55,800 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -18,000 | 70,700 | 23,200 | 133,700 | 400.00 | -- | -- | 500.00 | -10,500 | -- | -- | -- |
| Asset Impairment Loss | 611,400 | 2.9M | 1.2M | 1.0M | 1.1M | 545,000 | 2.7M | 1.8M | 1.0M | 826,800 | 165,600 | 10,500 |
| Other Income | 10.0M | 6.0M | 8.6M | 11.3M | 19.4M | 13.2M | 6.4M | 5.1M | -- | -- | -- | -- |
| Income Before Tax | 22.6M | 19.6M | 11.8M | 15.6M | 18.7M | 52.7M | 32.2M | 15.0M | 9.3M | 6.9M | 1.2M | 3.2M |
| Income Tax | 3.8M | 4.2M | -522,000 | 1.0M | 2.5M | 7.0M | 5.7M | 2.3M | 2.1M | 1.1M | 206,800 | -1,318 |
| Net Income | 18.8M | 15.4M | 12.3M | 14.6M | 16.2M | 45.7M | 26.5M | 12.7M | 7.1M | 5.8M | 979,300 | 3.2M |
| Net Margin % | 4.9% | 4.1% | 4.0% | 7.3% | 12.2% | 18.5% | 15.9% | 13.0% | 11.3% | 11.2% | 12.2% | 45.9% |
| Net Income Attributable | 16.0M | 11.3M | 9.6M | 13.3M | 16.0M | 44.7M | 25.4M | 12.1M | 7.2M | 6.0M | 979,300 | 3.2M |
| Minority Interest | 2.8M | 4.1M | 2.7M | 1.4M | 267,600 | 994,300 | 1.1M | 584,300 | -25,800 | -147,400 | -- | -- |
| Eps Basic | 0.31 | 0.22 | 0.24 | 0.33 | 0.48 | 1.49 | 0.85 | 0.40 | 0.24 | 0.58 | 0.10 | 0.32 |
| Eps Diluted | 0.31 | 0.22 | 0.24 | 0.33 | 0.48 | 1.49 | 0.85 | 0.40 | 0.24 | 0.58 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 67.3M | 67.0M | 94.9M | 60.1M | 244.0M | 27.9M | 17.5M | 7.8M | 8.7M | 4.4M | 454,500 | 163,400 |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | 15.8M | -- | -- | -- | -- | -- |
| Accounts Receivable | 247.0M | 202.0M | 172.0M | 128.0M | 106.0M | 105.0M | 81.0M | 56.0M | 34.1M | 19.1M | 7.1M | 6.6M |
| Notes Receivable | 11.7M | 8.2M | 24.1M | 6.5M | 2.0M | 2.7M | 3.9M | 2.5M | 1.4M | 264,800 | 100,000 | -- |
| Notes And Accounts Receivable | 259.0M | 210.0M | 196.0M | 134.0M | 108.0M | 108.0M | 85.0M | 58.5M | 35.5M | 19.3M | 7.2M | 6.6M |
| Prepayments | 18.7M | 10.5M | 8.4M | 5.7M | 3.3M | 2.4M | 3.6M | 3.6M | 2.0M | 1.5M | 1.3M | 16,700 |
| Inventory | 171.0M | 154.0M | 134.0M | 78.0M | 29.9M | 28.2M | 39.7M | 31.6M | 15.6M | 14.7M | 7.1M | 577,500 |
| Total Current Assets | 551.0M | 466.0M | 460.0M | 359.0M | 404.0M | 176.0M | 162.0M | 103.0M | 62.4M | 40.3M | 16.1M | 7.4M |
| Fixed Assets | -- | 218.0M | 211.0M | 79.0M | 2.8M | 3.2M | 2.6M | 1.3M | 884,100 | 658,200 | 284,700 | 80,100 |
| Fixed Assets Total | 210.0M | 218.0M | 211.0M | 79.0M | 2.8M | 3.2M | 2.6M | 1.3M | 884,100 | 658,200 | 284,700 | 80,100 |
| Construction In Progress | -- | 1.4M | 4.8M | 40.5M | 54.1M | 578,300 | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 202,300 | 1.4M | 4.8M | 40.5M | 54.1M | 578,300 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 21.0M | 21.3M | 18.9M | 19.0M | 19.1M | 13.3M | -- | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | 395,100 | 416,400 | 380,300 | 289,200 | 82,200 | 62,200 | 257,000 | 133,500 | 140,100 | -- | -- | -- |
| Total Non Current Assets | 257.0M | 277.0M | 259.0M | 241.0M | 121.0M | 22.3M | 6.0M | 4.7M | 2.0M | 1.3M | 328,700 | 81,400 |
| Total Assets | 808.0M | 743.0M | 719.0M | 599.0M | 524.0M | 198.0M | 168.0M | 108.0M | 64.4M | 41.6M | 16.4M | 7.5M |
| Short Term Borrowings | 101.0M | 78.8M | 51.8M | 41.2M | 13.0M | 13.0M | 20.7M | 4.0M | -- | 4.0M | -- | -- |
| Accounts Payable | 68.4M | 44.7M | 42.8M | 48.8M | 44.4M | 26.0M | 25.7M | 13.1M | 7.7M | 5.0M | 1.7M | 439,000 |
| Advance Receipts | 1.2M | 222,800 | 783,800 | -- | -- | 10.6M | 26.9M | 19.5M | 2.9M | 3.2M | 1.4M | -- |
| Contract Liabilities | 76.5M | 78.5M | 78.7M | 39.3M | 21.8M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 295.0M | 256.0M | 248.0M | 154.0M | 88.7M | 71.7M | 87.5M | 47.9M | 18.5M | 19.9M | 5.6M | 1.1M |
| Long Term Borrowings | 13.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 16.0M | 4.2M | 3.7M | 2.3M | 1.4M | -- | 1.8M | 1.5M | -- | -- | -- | -- |
| Total Liabilities | 311.0M | 260.0M | 251.0M | 156.0M | 90.1M | 71.7M | 89.3M | 49.4M | 18.5M | 19.9M | 5.6M | 1.1M |
| Paid In Capital | 52.1M | 40.0M | 40.0M | 40.0M | 40.0M | 30.0M | 30.0M | 30.0M | 11.6M | 10.4M | 10.0M | 500,000 |
| Capital Reserve | 285.0M | 297.0M | 292.0M | 292.0M | 292.0M | 7.3M | 2.3M | 2.3M | 20.8M | 5.9M | 1.2M | -- |
| Surplus Reserve | 7.7M | 6.7M | 6.5M | 5.8M | 4.6M | 3.5M | 2.8M | 1.7M | 1.2M | 831,200 | 174,600 | 250,000 |
| Retained Earnings | 120.0M | 109.0M | 103.0M | 100.0M | 94.3M | 82.4M | 41.5M | 23.2M | 11.6M | 4.8M | -510,500 | 5.6M |
| Minority Equity | 32.8M | 29.9M | 25.8M | 5.1M | 3.7M | 3.5M | 2.5M | 1.4M | 826,800 | -147,400 | -- | -- |
| Equity Attributable | 464.0M | 453.0M | 441.0M | 438.0M | 431.0M | 123.0M | 76.7M | 57.2M | 45.1M | 21.9M | 10.8M | 6.4M |
| Total Equity | 497.0M | 483.0M | 467.0M | 443.0M | 434.0M | 127.0M | 79.1M | 58.6M | 45.9M | 21.8M | 10.8M | 6.4M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 331.0M | 320.0M | 277.0M | 179.0M | 132.0M | 212.0M | 155.0M | 94.2M | 52.7M | 44.4M | 5.4M | 4.2M |
| Tax Refunds Received | 4.1M | 6.1M | 15.4M | 6.3M | 848,500 | 2.5M | 5.8M | 1.5M | 957,900 | 694,700 | 343,900 | 475,900 |
| Total Operating Cash Inflow | 350.0M | 339.0M | 305.0M | 200.0M | 157.0M | 234.0M | 175.0M | 104.0M | 61.8M | 46.2M | 6.2M | 4.8M |
| Cash Paid For Goods | 227.0M | 219.0M | 238.0M | 117.0M | 73.7M | 107.0M | 80.6M | 60.2M | 30.4M | 31.3M | 9.5M | 1.9M |
| Cash Paid To Employees | 86.3M | 82.4M | 75.0M | 52.6M | 44.4M | 47.7M | 35.3M | 24.1M | 17.1M | 11.1M | 2.2M | 1.2M |
| Taxes Paid | 23.5M | 22.2M | 12.5M | 8.6M | 12.2M | 25.5M | 17.2M | 9.3M | 9.7M | 2.6M | 847,900 | 969,500 |
| Total Operating Cash Outflow | 375.0M | 362.0M | 353.0M | 205.0M | 151.0M | 216.0M | 158.0M | 107.0M | 69.4M | 50.6M | 14.2M | 5.0M |
| Operating Cash Flow | -24.9M | -23.2M | -48.1M | -5.4M | 6.4M | 18.4M | 16.6M | -3.5M | -7.6M | -4.4M | -8.0M | -196,900 |
| Total Investing Cash Inflow | 1,750 | 10.1M | 152.0M | 5.0M | 195,500 | 26.2M | -- | 1,380 | 17,500 | 1.5M | -- | -- |
| Total Investing Cash Outflow | 8.1M | 56.9M | 94.9M | 205.0M | 78.6M | 25.9M | 18.0M | 1.1M | 968,600 | 2.2M | 7,839 | 35,100 |
| Investing Cash Flow | -8.1M | -46.8M | 56.8M | -200.0M | -78.4M | 233,800 | -18.0M | -1.1M | -951,200 | -661,000 | -7,839 | -35,100 |
| Cash From Borrowings | 151.0M | 84.6M | 96.3M | 40.5M | 13.0M | 13.0M | 25.7M | 9.0M | -- | 8.0M | -- | -- |
| Dividends And Interest Paid | 7.5M | 6.4M | 7.7M | 6.9M | 682,300 | 3.6M | 6.5M | 281,200 | 132,700 | 132,600 | 1.2M | -- |
| Debt Repayments | 107.0M | 39.2M | 78.8M | 13.0M | 13.0M | 20.7M | 9.0M | 5.0M | 4.0M | 4.0M | -- | -- |
| Total Financing Cash Inflow | 152.0M | 90.0M | 114.0M | 40.5M | 361.0M | 13.0M | 25.7M | 9.0M | 17.3M | 13.1M | 9.5M | -- |
| Total Financing Cash Outflow | 118.0M | 48.3M | 87.6M | 21.3M | 69.2M | 24.3M | 15.5M | 5.3M | 4.4M | 4.1M | 1.2M | -- |
| Financing Cash Flow | 33.2M | 41.7M | 26.7M | 19.1M | 291.0M | -11.3M | 10.3M | 3.7M | 12.9M | 9.0M | 8.3M | -- |
| Net Change In Cash | -22,200 | -29.3M | 35.3M | -187.0M | 218.0M | 8.0M | 9.8M | -949,100 | 4.3M | 3.9M | 291,000 | -232,100 |
| Ending Cash Balance | 63.0M | 63.0M | 92.3M | 56.9M | 244.0M | 25.5M | 17.5M | 7.8M | 8.7M | 4.4M | 454,500 | 163,400 |
| Capex | 6.1M | 46.4M | 74.9M | 94.9M | 38.6M | 15.6M | 2.2M | 1.1M | 968,600 | 674,400 | 7,800 | 35,100 |