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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 356.0M | 396.0M | 331.0M | 320.0M | 292.0M | 163.0M | 181.0M | 112.0M | 64.4M | 23.1M | 16.2M |
| Revenue Growth % | -10.1% | 19.6% | 3.4% | 9.6% | 79.1% | -9.9% | 61.6% | 74.0% | 178.5% | 42.9% | -- |
| Total Revenue | 356.0M | 396.0M | 331.0M | 320.0M | 292.0M | 163.0M | 181.0M | 112.0M | 64.4M | 23.1M | 16.2M |
| Cost Of Revenue | 165.0M | 178.0M | 134.0M | 138.0M | 127.0M | 54.3M | 58.6M | 29.7M | 15.3M | 4.5M | 5.2M |
| Gross Profit | 191.0M | 218.0M | 197.0M | 182.0M | 165.0M | 108.7M | 122.4M | 82.3M | 49.0M | 18.6M | 11.0M |
| Gross Margin % | 53.7% | 55.1% | 59.5% | 56.9% | 56.5% | 66.7% | 67.6% | 73.5% | 76.2% | 80.4% | 67.8% |
| Total Operating Cost | 372.0M | 389.0M | 296.0M | 284.0M | 256.0M | 171.0M | 186.0M | 104.0M | 56.3M | 22.1M | 17.6M |
| Selling Expenses | 65.6M | 76.2M | 56.0M | 61.1M | 54.9M | 49.9M | 49.3M | 26.1M | 11.3M | 2.8M | 1.3M |
| Admin Expenses | 32.9M | 32.5M | 29.0M | 30.8M | 22.9M | 24.7M | 25.9M | 45.1M | 28.3M | 14.1M | 11.0M |
| Rd Expenses | 92.7M | 84.1M | 63.2M | 49.9M | 38.5M | 35.4M | 43.5M | -- | -- | -- | -- |
| Finance Expenses | -2.0M | -5.2M | -2.3M | -1.2M | 1.8M | 2.0M | 1.5M | 1.3M | 210,000 | -13,500 | -5,400 |
| Operating Income | 2.2M | 33.6M | 57.3M | 55.2M | 48.8M | 1.4M | 4.3M | 9.3M | 8.8M | 1.4M | -1.4M |
| Operating Margin % | 0.6% | 8.5% | 17.3% | 17.2% | 16.7% | 0.9% | 2.4% | 8.3% | 13.6% | 5.9% | -8.5% |
| Non Operating Income | 6.00 | 260,200 | 237,000 | 1.00 | 4.00 | 300.00 | 93,200 | 7.4M | 3.5M | 511,500 | 1.1M |
| Non Operating Expenses | 269,400 | 1.7M | 98,600 | 81,900 | 484,500 | 249,500 | 87,100 | 500,700 | 7,300 | 400.00 | 1,700 |
| Investment Income | 9.2M | 10.5M | 5.8M | 6.7M | 1.8M | 3.3M | 1.1M | 1.5M | 725,900 | 326,900 | 62,600 |
| Asset Disposal Income | 116,700 | -400.00 | 172,800 | -- | -6,900 | -4,800 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | -1.9M | 2.4M | 694,800 | -2.6M | 2.9M | 161,300 | 5.6M | 786,900 | 635,700 | 402,700 | -5,500 |
| Other Income | 9.0M | 16.5M | 16.2M | 11.9M | 11.0M | 6.1M | 8.4M | -- | -- | -- | -- |
| Income Before Tax | 2.0M | 32.1M | 57.4M | 55.1M | 48.3M | 1.2M | 4.3M | 16.2M | 12.3M | 1.9M | -270,200 |
| Income Tax | -4.3M | 2.0M | 4.3M | 8.7M | 6.0M | -445,300 | 1.0M | 1.8M | 1.7M | -179,100 | -144,300 |
| Net Income | 6.2M | 30.1M | 53.1M | 46.4M | 42.3M | 1.6M | 3.3M | 14.4M | 10.5M | 2.1M | -125,900 |
| Net Margin % | 1.8% | 7.6% | 16.0% | 14.5% | 14.5% | 1.0% | 1.8% | 12.9% | 16.4% | 8.9% | -0.8% |
| Net Income Attributable | 8.5M | 31.1M | 50.8M | 47.1M | 42.3M | 1.7M | 3.2M | 14.4M | 10.4M | 2.6M | 93,500 |
| Minority Interest | -2.2M | -964,200 | 2.3M | -650,700 | -3,700 | -69,400 | 86,800 | -5,400 | 158,100 | -591,100 | -219,400 |
| Eps Basic | 0.08 | 0.30 | 0.93 | 1.34 | 1.30 | 0.05 | 0.10 | 0.48 | 0.88 | 0.24 | 0.02 |
| Eps Diluted | 0.08 | 0.30 | 0.93 | 1.34 | 1.30 | 0.05 | 0.10 | 0.48 | 0.88 | 0.24 | 0.02 |
| 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 490.0M | 617.0M | 669.0M | 362.0M | 408.0M | 105.0M | 53.6M | 29.7M | 31.5M | 5.3M | 8.0M |
| Trading Financial Assets | -- | 20.0M | 10.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 353.0M | 308.0M | 209.0M | 115.0M | 82.7M | 97.6M | 95.4M | 27.1M | 19.6M | 3.4M | 1.3M |
| Notes Receivable | 12.0M | 495,900 | 780,000 | 1.1M | 819,900 | 1.3M | 427,500 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 365.0M | 309.0M | 210.0M | 116.0M | 83.5M | 98.9M | 95.8M | 27.1M | 19.6M | 3.4M | 1.3M |
| Prepayments | 1.2M | 1.2M | 625,000 | 351,800 | 280,800 | 800,900 | 1.3M | 1.8M | 2.5M | 1.2M | 234,800 |
| Inventory | 36.6M | 16.4M | 8.6M | 17.2M | 27.0M | 24.0M | 14.8M | 12.1M | 2.1M | 1.9M | 700,500 |
| Total Current Assets | 973.0M | 1.1B | 1.1B | 514.0M | 527.0M | 242.0M | 179.0M | 125.0M | 105.0M | 45.5M | 11.6M |
| Long Term Equity Investment | 62.4M | 26.3M | 2.4M | 2.7M | 2.9M | -- | -- | 1.4M | 1.6M | -- | -- |
| Fixed Assets | -- | 65.3M | 67.5M | 75.2M | 82.6M | 87.5M | 69.6M | 3.6M | 3.0M | 1.0M | 360,700 |
| Fixed Assets Total | 63.5M | 65.3M | 67.5M | 75.2M | 82.6M | 87.5M | 69.6M | 3.6M | 3.0M | 1.0M | 360,700 |
| Construction In Progress | -- | -- | -- | -- | -- | -- | 11.9M | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- | -- | 11.9M | -- | -- | -- | -- |
| Intangible Assets | 64.4M | 53.2M | 33.4M | 5.8M | 6.2M | 984,600 | 1.9M | 3.2M | 2.4M | 5,331 | 4,187 |
| Long Term Deferred Expenses | 4.4M | 1.7M | 2.6M | 4.1M | 2.3M | 3.0M | 30,000 | -- | -- | -- | -- |
| Total Non Current Assets | 246.0M | 195.0M | 122.0M | 97.9M | 101.0M | 93.4M | 90.3M | 12.7M | 7.6M | 1.8M | 565,000 |
| Total Assets | 1.2B | 1.2B | 1.2B | 612.0M | 628.0M | 336.0M | 269.0M | 138.0M | 113.0M | 47.3M | 12.2M |
| Short Term Borrowings | 9.5M | 4.0M | 7.5M | 5.0M | 36.0M | 10.0M | 19.9M | 2.0M | 2.0M | -- | -- |
| Accounts Payable | 138.0M | 120.0M | 67.0M | 42.7M | 34.6M | 27.0M | 25.7M | 7.0M | 6.3M | 4.1M | 604,500 |
| Advance Receipts | -- | -- | -- | -- | -- | 40.0M | 15.0M | 8.5M | 605,700 | 2.9M | 150,000 |
| Contract Liabilities | 5.5M | 2.7M | 8.1M | 18.3M | 61.2M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 181.0M | 169.0M | 116.0M | 101.0M | 166.0M | 101.0M | 74.2M | 24.8M | 14.3M | 8.6M | 1.3M |
| Long Term Borrowings | -- | -- | -- | -- | 9.2M | 16.5M | 23.9M | 25.0M | 25.0M | -- | -- |
| Total Non Current Liabilities | 13.7M | 11.4M | 11.9M | 17.7M | 15.3M | 25.5M | 32.8M | 25.1M | 25.1M | 197,300 | -- |
| Total Liabilities | 195.0M | 181.0M | 128.0M | 118.0M | 181.0M | 127.0M | 107.0M | 49.9M | 39.4M | 8.8M | 1.3M |
| Paid In Capital | 102.0M | 69.3M | 46.8M | 35.1M | 35.1M | 32.2M | 31.5M | 30.0M | 30.0M | 11.8M | 10.0M |
| Capital Reserve | 804.0M | 837.0M | 859.0M | 365.0M | 365.0M | 172.0M | 127.0M | 34.0M | 34.5M | 24.4M | 600,000 |
| Surplus Reserve | 22.5M | 21.5M | 16.0M | 10.4M | 6.1M | 2.3M | 2.3M | 2.3M | 649,400 | 393,500 | 41,800 |
| Retained Earnings | 131.0M | 139.0M | 129.0M | 83.7M | 40.8M | 2.4M | 699,700 | 21.3M | 8.5M | 2.3M | -15,300 |
| Minority Equity | -1.5M | 723,200 | 1.7M | -622,300 | 46,300 | -- | 413,500 | 216,000 | -252,400 | -410,500 | 180,600 |
| Equity Attributable | 1.0B | 1.1B | 1.1B | 494.0M | 447.0M | 209.0M | 161.0M | 87.6M | 73.7M | 38.9M | 10.6M |
| Total Equity | 1.0B | 1.1B | 1.1B | 493.0M | 447.0M | 209.0M | 162.0M | 87.8M | 73.4M | 38.5M | 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 316.0M | 308.0M | 243.0M | 262.0M | 340.0M | 196.0M | 142.0M | 121.0M | 52.9M | 25.2M | 16.5M |
| Tax Refunds Received | 8.1M | 10.2M | 9.5M | 6.9M | 6.5M | 4.0M | 8.0M | 5.0M | 2.0M | 298,800 | 1.1M |
| Total Operating Cash Inflow | 330.0M | 344.0M | 256.0M | 294.0M | 355.0M | 220.0M | 151.0M | 142.0M | 89.8M | 27.9M | 20.0M |
| Cash Paid For Goods | 156.0M | 133.0M | 95.1M | 112.0M | 117.0M | 57.4M | 39.6M | 35.0M | 29.8M | 3.8M | 4.4M |
| Cash Paid To Employees | 135.0M | 126.0M | 111.0M | 106.0M | 81.9M | 82.4M | 98.3M | 48.6M | 24.6M | 7.8M | 2.3M |
| Taxes Paid | 25.3M | 23.8M | 22.1M | 18.3M | 16.5M | 9.8M | 20.7M | 8.2M | 4.9M | 1.1M | 1.5M |
| Total Operating Cash Outflow | 376.0M | 363.0M | 274.0M | 283.0M | 258.0M | 179.0M | 205.0M | 138.0M | 92.3M | 29.5M | 25.2M |
| Operating Cash Flow | -46.3M | -18.6M | -17.5M | 10.3M | 96.1M | 41.0M | -54.1M | 4.9M | -2.4M | -1.6M | -5.2M |
| Total Investing Cash Inflow | 2.1B | 3.3B | 2.5B | 1.9B | 668.0M | 153.0M | 132.0M | 164.0M | 146.0M | 77.7M | 19.6M |
| Total Investing Cash Outflow | 2.1B | 3.3B | 2.7B | 1.9B | 680.0M | 158.0M | 143.0M | 171.0M | 170.0M | 104.0M | 19.9M |
| Investing Cash Flow | -26.3M | -22.0M | -185.0M | 55,700 | -11.5M | -5.0M | -11.7M | -6.6M | -23.3M | -26.7M | -363,600 |
| Cash From Borrowings | 9.5M | 4.0M | 7.5M | 5.0M | 41.0M | 10.0M | 51.1M | 2.0M | 27.0M | -- | -- |
| Dividends And Interest Paid | 15.7M | 15.7M | 117,400 | 1.0M | 2.4M | 2.2M | 1.5M | 56,900 | 25,500 | -- | -- |
| Debt Repayments | 4.0M | 7.5M | 5.0M | 52.5M | 22.4M | 27.2M | 4.9M | 2.0M | -- | -- | -- |
| Total Financing Cash Inflow | 9.5M | 4.0M | 543.0M | 9.9M | 237.0M | 55.5M | 51.1M | 2.0M | 52.0M | 25.6M | 9.0M |
| Total Financing Cash Outflow | 55.2M | 25.9M | 33.7M | 61.2M | 24.7M | 29.9M | 6.4M | 2.1M | 25,500 | -- | -- |
| Financing Cash Flow | -45.7M | -21.9M | 510.0M | -51.2M | 213.0M | 25.7M | 44.7M | -85,100 | 52.0M | 25.6M | 9.0M |
| Net Change In Cash | -118.0M | -62.4M | 307.0M | -40.8M | 297.0M | 61.7M | -21.1M | -1.8M | 26.2M | -2.7M | 3.4M |
| Ending Cash Balance | 488.0M | 606.0M | 669.0M | 361.0M | 402.0M | 105.0M | 43.0M | 29.7M | 31.5M | 5.3M | 8.0M |
| Capex | 38.4M | 32.0M | 30.9M | 6.8M | 10.4M | 13.8M | 57.8M | 3.8M | 5.5M | 989,300 | 426,700 |