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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 523.0M | 409.0M | 240.0M | 406.0M | 456.0M | 313.0M | 248.0M | 271.0M | 152.0M |
| Revenue Growth % | 27.9% | 70.4% | -40.9% | -11.0% | 45.7% | 26.2% | -8.5% | 78.3% | -- |
| Total Revenue | 523.0M | 409.0M | 240.0M | 406.0M | 456.0M | 313.0M | 248.0M | 271.0M | 152.0M |
| Cost Of Revenue | 328.0M | 253.0M | 155.0M | 236.0M | 241.0M | 152.0M | 123.0M | 132.0M | 80.8M |
| Gross Profit | 195.0M | 156.0M | 85.0M | 170.0M | 215.0M | 161.0M | 125.0M | 139.0M | 71.2M |
| Gross Margin % | 37.3% | 38.1% | 35.4% | 41.9% | 47.1% | 51.4% | 50.4% | 51.3% | 46.8% |
| Total Operating Cost | 542.0M | 478.0M | 356.0M | 408.0M | 387.0M | 259.0M | 203.0M | 234.0M | 122.0M |
| Selling Expenses | 24.0M | 27.5M | 31.0M | 28.0M | 29.5M | 24.8M | 15.2M | 15.3M | 6.4M |
| Admin Expenses | 36.3M | 33.7M | 34.2M | 33.8M | 34.7M | 26.9M | 22.4M | 28.5M | 13.7M |
| Rd Expenses | 128.0M | 149.0M | 130.0M | 113.0M | 83.4M | 51.4M | 39.9M | 51.7M | 17.6M |
| Finance Expenses | 3.1M | 391,300 | -3.3M | -9.5M | -11.7M | -2.7M | -12,600 | 361,600 | -81,000 |
| Operating Income | -4.5M | -54.6M | -108.0M | 18.7M | 92.6M | 74.7M | 62.6M | 58.8M | 30.4M |
| Operating Margin % | -0.9% | -13.3% | -45.0% | 4.6% | 20.3% | 23.9% | 25.3% | 21.7% | 20.0% |
| Non Operating Income | 873,000 | 80,800 | 180,200 | 101,900 | 69,000 | 24,200 | 121,200 | 33,000 | 7.6M |
| Non Operating Expenses | 267,200 | 778,300 | 1.0M | 2.4M | 78,300 | 48,300 | 8,400 | 330,800 | 98,800 |
| Investment Income | 1.1M | 1.4M | 448,500 | 3.0M | 1.9M | 355,000 | 631,000 | 225,900 | 143,000 |
| Fair Value Change Income | 1.4M | 4.2M | 6.2M | 101,900 | -- | -- | -- | -- | -- |
| Asset Disposal Income | -85,900 | -425,000 | -607,300 | -101,300 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.6M | 6.6M | 6.2M | 4.2M | 1.1M | 1.3M | 493,400 | 3.5M | 2.4M |
| Other Income | 12.3M | 8.8M | 2.9M | 18.1M | 21.2M | 19.7M | 17.4M | 21.9M | -- |
| Income Before Tax | -3.9M | -55.3M | -109.0M | 16.4M | 92.6M | 74.7M | 62.8M | 58.5M | 37.9M |
| Income Tax | -- | 16.7M | 626,800 | -10.1M | 4.3M | 5.0M | 5.6M | 10.7M | 5.6M |
| Net Income | -3.9M | -72.0M | -109.0M | 26.5M | 88.3M | 69.7M | 57.1M | 47.8M | 32.3M |
| Net Margin % | -0.8% | -17.6% | -45.4% | 6.5% | 19.4% | 22.3% | 23.0% | 17.6% | 21.2% |
| Net Income Attributable | -2.9M | -71.6M | -106.0M | 29.6M | 88.3M | 69.7M | 57.1M | 47.8M | 32.3M |
| Minority Interest | -994,800 | -351,100 | -3.3M | -3.1M | -- | -- | -- | -- | -46,600 |
| Eps Basic | -0.03 | -0.71 | -1.06 | 0.30 | 0.88 | 0.88 | 0.77 | 0.70 | -- |
| Eps Diluted | -0.03 | -0.71 | -1.06 | 0.30 | 0.88 | 0.88 | 0.77 | 0.70 | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 110.0M | 85.8M | 207.0M | 397.0M | 354.0M | 603.0M | 82.6M | 26.4M | 4.2M |
| Trading Financial Assets | 83.2M | 77.3M | 68.7M | 24.2M | -- | -- | -- | -- | -- |
| Accounts Receivable | 280.0M | 267.0M | 132.0M | 141.0M | 165.0M | 146.0M | 94.2M | 121.0M | 62.7M |
| Notes Receivable | 77.4M | 49.3M | 67.1M | 62.5M | 111.0M | 49.4M | 55.1M | 40.2M | 29.9M |
| Notes And Accounts Receivable | 357.0M | 317.0M | 199.0M | 204.0M | 277.0M | 195.0M | 149.0M | 161.0M | 92.6M |
| Prepayments | 9.1M | 10.0M | 24.1M | 3.3M | 4.7M | 2.2M | 2.5M | 3.8M | 969,400 |
| Inventory | 73.6M | 103.0M | 78.1M | 123.0M | 62.1M | 38.6M | 30.9M | 21.8M | 24.7M |
| Total Current Assets | 693.0M | 624.0M | 612.0M | 800.0M | 924.0M | 862.0M | 268.0M | 224.0M | 143.0M |
| Long Term Equity Investment | 1.3M | 1.5M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 253.0M | 178.0M | 80.4M | 51.7M | 68.1M | 7.0M | -- | -- |
| Fixed Assets Total | 245.0M | 253.0M | 178.0M | 80.4M | 51.7M | 68.1M | 7.0M | 8.0M | 3.3M |
| Construction In Progress | -- | 3.0M | 10.2M | 123.0M | 42.1M | 1.9M | 5.9M | -- | -- |
| Construction In Progress Total | 300,900 | 3.0M | 10.2M | 123.0M | 42.1M | 1.9M | 5.9M | 1.5M | -- |
| Intangible Assets | 19.0M | 17.7M | 15.3M | 19.1M | 18.3M | 22.5M | 15.2M | 8.0M | 9.8M |
| Long Term Deferred Expenses | 2.9M | 2.4M | 1.9M | 4.8M | 5.7M | 233,800 | 795,100 | 1.5M | 285,300 |
| Total Non Current Assets | 372.0M | 400.0M | 373.0M | 315.0M | 211.0M | 103.0M | 38.9M | 29.2M | 23.2M |
| Total Assets | 1.1B | 1.0B | 985.0M | 1.1B | 1.1B | 965.0M | 307.0M | 253.0M | 166.0M |
| Short Term Borrowings | 169.0M | 80.1M | 65.1M | 55.1M | 55.1M | 5.0M | 5.0M | 5.0M | -- |
| Accounts Payable | 89.5M | 79.1M | 48.5M | 87.6M | 116.0M | 75.4M | 21.8M | 30.2M | 33.1M |
| Advance Receipts | 681,500 | 1.9M | 410,700 | -- | 1.1M | 6.1M | 3.8M | 6.8M | 5.6M |
| Contract Liabilities | 17.0M | 20.1M | 14.7M | 10.3M | 7.8M | -- | -- | -- | -- |
| Total Current Liabilities | 335.0M | 267.0M | 169.0M | 187.0M | 208.0M | 110.0M | 50.8M | 113.0M | 66.2M |
| Total Non Current Liabilities | 3.7M | 9.9M | 8.8M | 10.9M | 9.4M | 6.5M | 5.0M | 4.2M | 7.4M |
| Total Liabilities | 339.0M | 277.0M | 178.0M | 198.0M | 217.0M | 117.0M | 55.7M | 117.0M | 73.6M |
| Paid In Capital | 101.0M | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M | 75.0M | 69.0M | 23.6M |
| Capital Reserve | 667.0M | 665.0M | 653.0M | 654.0M | 653.0M | 642.0M | 114.0M | 63.0M | 14.5M |
| Surplus Reserve | 25.4M | 25.0M | 25.0M | 25.0M | 22.1M | 13.3M | 5.3M | 24,100 | 6.2M |
| Retained Earnings | -47.0M | -43.6M | 28.0M | 134.0M | 142.0M | 92.9M | 56.2M | 4.3M | 48.0M |
| Minority Equity | 427,300 | 1.4M | 242,900 | 4.0M | -- | -- | -- | -- | -- |
| Equity Attributable | 726.0M | 746.0M | 806.0M | 914.0M | 917.0M | 849.0M | 251.0M | 136.0M | 92.3M |
| Total Equity | 727.0M | 748.0M | 807.0M | 918.0M | 917.0M | 849.0M | 251.0M | 136.0M | 92.3M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 335.0M | 233.0M | 208.0M | 332.0M | 292.0M | 248.0M | 230.0M | 152.0M | 104.0M |
| Tax Refunds Received | 9.1M | 6.9M | 1.3M | 19.1M | 24.2M | 11.1M | 13.4M | 15.6M | 7.0M |
| Total Operating Cash Inflow | 369.0M | 255.0M | 222.0M | 374.0M | 339.0M | 281.0M | 251.0M | 177.0M | 118.0M |
| Cash Paid For Goods | 161.0M | 108.0M | 109.0M | 151.0M | 132.0M | 91.2M | 89.9M | 53.2M | 48.1M |
| Cash Paid To Employees | 161.0M | 148.0M | 144.0M | 125.0M | 94.5M | 69.5M | 65.8M | 43.9M | 25.4M |
| Taxes Paid | 21.0M | 23.7M | 5.9M | 29.0M | 29.5M | 26.4M | 31.2M | 34.0M | 14.8M |
| Total Operating Cash Outflow | 388.0M | 336.0M | 303.0M | 354.0M | 300.0M | 219.0M | 215.0M | 160.0M | 101.0M |
| Operating Cash Flow | -19.2M | -81.6M | -80.6M | 19.6M | 39.4M | 62.2M | 36.2M | 17.4M | 16.8M |
| Total Investing Cash Inflow | 589.0M | 12.0M | 19.2M | 206.0M | 106.0M | 86.2M | 79.0M | 51.6M | 2.9M |
| Total Investing Cash Outflow | 583.0M | 92.8M | 133.0M | 150.0M | 413.0M | 147.0M | 85.3M | 54.3M | 29.9M |
| Investing Cash Flow | 5.5M | -80.8M | -114.0M | 56.6M | -307.0M | -61.3M | -6.3M | -2.7M | -27.0M |
| Cash From Borrowings | 228.0M | 100.0M | 105.0M | 58.0M | 62.0M | 5.0M | 5.0M | 11.2M | -- |
| Dividends And Interest Paid | 5.4M | 652,800 | 2.3M | 37.2M | 30.8M | 25.3M | 30.3M | 174,900 | 10.0M |
| Debt Repayments | 158.0M | 65.0M | 95.0M | 58.0M | 12.0M | 5.0M | 5.0M | 6.2M | -- |
| Total Financing Cash Inflow | 229.0M | 104.0M | 107.0M | 64.6M | 62.0M | 630.0M | 56.6M | 14.5M | 31.1M |
| Total Financing Cash Outflow | 186.0M | 67.7M | 101.0M | 99.9M | 42.8M | 106.0M | 35.3M | 7.2M | 23.8M |
| Financing Cash Flow | 43.0M | 36.2M | 6.6M | -35.3M | 19.2M | 524.0M | 21.2M | 7.4M | 7.3M |
| Net Change In Cash | 29.3M | -126.0M | -188.0M | 41.0M | -248.0M | 525.0M | 51.1M | 22.0M | -2.9M |
| Ending Cash Balance | 110.0M | 80.8M | 207.0M | 395.0M | 354.0M | 602.0M | 77.4M | 26.3M | 4.2M |
| Capex | 22.5M | 27.5M | 70.8M | 106.0M | 75.8M | 61.7M | 16.0M | 7.0M | 2.0M |