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 | 227.0M | 254.0M | 220.0M | 163.0M | 130.0M |
| Revenue Growth % | -10.6% | 15.5% | 35.0% | 25.4% | -- |
| Total Revenue | 227.0M | 254.0M | 220.0M | 163.0M | 130.0M |
| Cost Of Revenue | 99.9M | 83.7M | 73.9M | 60.3M | 39.7M |
| Gross Profit | 127.1M | 170.3M | 146.1M | 102.7M | 90.3M |
| Gross Margin % | 56.0% | 67.1% | 66.4% | 63.0% | 69.4% |
| Total Operating Cost | 209.0M | 173.0M | 135.0M | 110.0M | 80.2M |
| Selling Expenses | 21.4M | 20.8M | 18.8M | 14.3M | 12.1M |
| Admin Expenses | 19.2M | 15.4M | 11.0M | 9.8M | 7.7M |
| Rd Expenses | 70.5M | 56.8M | 34.9M | 19.0M | 15.8M |
| Finance Expenses | -13.3M | -17.1M | -15.2M | 464,500 | 356,500 |
| Operating Income | 32.8M | 93.6M | 90.1M | 57.0M | 51.4M |
| Operating Margin % | 14.5% | 36.8% | 41.0% | 35.0% | 39.5% |
| Non Operating Income | 11,800 | 58,800 | 900.00 | 1.00 | 5,000 |
| Non Operating Expenses | 27,700 | 4,000 | 41,600 | 15,600 | 1,300 |
| Investment Income | 233,600 | 200,100 | 99,300 | -- | -- |
| Fair Value Change Income | 752,600 | 2.6M | 1.4M | -- | -- |
| Asset Disposal Income | -- | 1,800 | -- | -- | -- |
| Asset Impairment Loss | 727,500 | 329,000 | -176,600 | 95,600 | 114,500 |
| Other Income | 14.0M | 9.7M | 3.3M | 4.3M | 1.4M |
| Income Before Tax | 32.8M | 93.6M | 90.1M | 57.0M | 51.4M |
| Income Tax | -4.2M | 6.5M | 8.9M | 6.3M | 6.5M |
| Net Income | 37.0M | 87.1M | 81.2M | 50.7M | 44.9M |
| Net Margin % | 16.3% | 34.3% | 36.9% | 31.1% | 34.5% |
| Net Income Attributable | 37.0M | 87.1M | 81.2M | 50.7M | 44.9M |
| Eps Basic | 0.30 | 0.72 | 1.01 | 0.81 | 0.71 |
| Eps Diluted | 0.30 | 0.72 | 1.01 | 0.81 | 0.71 |
| 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 | 679.0M | 533.0M | 684.0M | 70.6M | 51.9M |
| Trading Financial Assets | -- | 102.0M | -- | -- | -- |
| Accounts Receivable | 203.0M | 208.0M | 136.0M | 101.0M | 78.4M |
| Notes Receivable | 7.2M | 14.2M | 11.1M | 7.2M | -- |
| Notes And Accounts Receivable | 210.0M | 222.0M | 148.0M | 108.0M | 78.4M |
| Prepayments | 2.5M | 999,900 | 2.3M | 3.4M | 372,400 |
| Inventory | 107.0M | 86.3M | 87.7M | 57.9M | 49.8M |
| Total Current Assets | 1.0B | 953.0M | 929.0M | 245.0M | 193.0M |
| Long Term Equity Investment | 1.8M | -- | -- | -- | -- |
| Fixed Assets | -- | 112.0M | 10.0M | 5.0M | 4.3M |
| Fixed Assets Total | 125.0M | 112.0M | 10.0M | 5.0M | 4.3M |
| Construction In Progress | -- | 534,000 | 37.2M | 292,200 | -- |
| Construction In Progress Total | -- | 534,000 | 37.2M | 292,200 | -- |
| Intangible Assets | 16.9M | 10.5M | 8.6M | 6.2M | 1.8M |
| Long Term Deferred Expenses | -- | 10,400 | 5,600 | 46,600 | 142,200 |
| Total Non Current Assets | 167.0M | 138.0M | 83.5M | 16.6M | 9.2M |
| Total Assets | 1.2B | 1.1B | 1.0B | 261.0M | 202.0M |
| Short Term Borrowings | -- | -- | -- | 20.0M | 10.0M |
| Accounts Payable | 69.9M | 61.1M | 58.0M | 31.7M | 29.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 10.1M | 1.7M | 3.6M | 930,700 | 5.3M |
| Total Current Liabilities | 136.0M | 99.8M | 103.0M | 80.8M | 71.4M |
| Total Non Current Liabilities | 71.4M | 24.5M | 20.6M | 313,300 | 501,400 |
| Total Liabilities | 207.0M | 124.0M | 124.0M | 81.1M | 71.9M |
| Paid In Capital | 122.0M | 84.0M | 84.0M | 63.0M | 63.0M |
| Capital Reserve | 581.0M | 618.0M | 618.0M | 6.6M | 6.6M |
| Surplus Reserve | 37.7M | 34.0M | 25.1M | 17.0M | 11.9M |
| Retained Earnings | 246.0M | 231.0M | 161.0M | 93.6M | 47.9M |
| Equity Attributable | 971.0M | 967.0M | 888.0M | 180.0M | 130.0M |
| Total Equity | 971.0M | 967.0M | 888.0M | 180.0M | 130.0M |
| 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 | 238.0M | 176.0M | 180.0M | 144.0M | 122.0M |
| Tax Refunds Received | 549,200 | 1.1M | 149,600 | 42,900 | 215,800 |
| Total Operating Cash Inflow | 329.0M | 214.0M | 212.0M | 152.0M | 125.0M |
| Cash Paid For Goods | 105.0M | 85.8M | 88.7M | 61.7M | 50.5M |
| Cash Paid To Employees | 54.4M | 50.2M | 42.9M | 34.8M | 24.1M |
| Taxes Paid | 18.2M | 33.6M | 9.0M | 20.6M | 16.1M |
| Total Operating Cash Outflow | 216.0M | 192.0M | 162.0M | 134.0M | 102.0M |
| Operating Cash Flow | 112.0M | 21.6M | 50.0M | 18.5M | 23.2M |
| Total Investing Cash Inflow | 357.0M | 30.7M | 102.0M | -- | -- |
| Total Investing Cash Outflow | 532.0M | 274.0M | 278.0M | 6.4M | 1.7M |
| Investing Cash Flow | -175.0M | -244.0M | -176.0M | -6.4M | -1.7M |
| Cash From Borrowings | -- | -- | 9.9M | 20.0M | 10.0M |
| Dividends And Interest Paid | 18.3M | 8.4M | 5.5M | 508,700 | 4.1M |
| Debt Repayments | -- | -- | 29.9M | 10.0M | 6.0M |
| Total Financing Cash Inflow | -- | -- | 657.0M | 20.0M | 10.0M |
| Total Financing Cash Outflow | 34.9M | 8.7M | 53.0M | 13.4M | 10.3M |
| Financing Cash Flow | -34.9M | -8.7M | 604.0M | 6.6M | -337,900 |
| Net Change In Cash | -98.0M | -231.0M | 478.0M | 18.7M | 21.2M |
| Ending Cash Balance | 220.0M | 318.0M | 548.0M | 70.5M | 51.8M |
| Capex | 38.1M | 66.3M | 55.7M | 6.4M | 1.7M |