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 |
|---|---|---|---|---|---|---|---|
| Revenue | 276.0M | 255.0M | 463.0M | 349.0M | 206.0M | 101.0M | 79.8M |
| Revenue Growth % | 8.2% | -44.9% | 32.7% | 69.4% | 104.0% | 26.5% | -- |
| Total Revenue | 276.0M | 255.0M | 463.0M | 349.0M | 206.0M | 101.0M | 79.8M |
| Cost Of Revenue | 165.0M | 137.0M | 243.0M | 193.0M | 98.1M | 39.8M | 37.0M |
| Gross Profit | 111.0M | 118.0M | 220.0M | 156.0M | 107.9M | 61.2M | 42.8M |
| Gross Margin % | 40.2% | 46.3% | 47.5% | 44.7% | 52.4% | 60.6% | 53.6% |
| Total Operating Cost | 262.0M | 243.0M | 353.0M | 274.0M | 153.0M | 76.1M | 63.7M |
| Selling Expenses | 10.4M | 9.6M | 11.6M | 6.7M | 5.4M | 5.8M | 3.1M |
| Admin Expenses | 58.3M | 53.5M | 49.5M | 37.1M | 21.4M | 15.2M | 12.1M |
| Rd Expenses | 30.4M | 40.6M | 42.3M | 28.6M | 21.0M | 12.5M | 8.8M |
| Finance Expenses | -4.8M | -10.5M | -10.3M | -2.0M | -356,500 | 147,200 | 1.1M |
| Operating Income | 38.0M | 36.1M | 137.0M | 86.5M | 61.3M | 30.6M | 22.6M |
| Operating Margin % | 13.8% | 14.1% | 29.6% | 24.8% | 29.8% | 30.3% | 28.2% |
| Non Operating Income | 23,100 | 95,300 | 364,200 | 218,400 | 100.00 | 165,300 | 6.00 |
| Non Operating Expenses | 91,000 | 292,700 | 362,000 | 42,800 | 285,900 | 26,800 | 24,200 |
| Investment Income | 13.6M | 3.3M | 2.7M | 1.4M | 779,100 | 430,800 | 217,900 |
| Fair Value Change Income | -983,900 | 6.1M | 3.3M | -- | -- | -- | -- |
| Asset Disposal Income | 91,700 | 26,200 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | -194,100 | -1.8M | 3.4M | 1.7M | 590,100 | -- | 1.4M |
| Other Income | 11.6M | 13.8M | 20.5M | 10.0M | 7.0M | 5.6M | 6.2M |
| Income Before Tax | 38.0M | 35.9M | 137.0M | 86.7M | 61.0M | 30.7M | 22.5M |
| Income Tax | 1.7M | 901,200 | 15.1M | 10.3M | 8.0M | 4.0M | 2.8M |
| Net Income | 36.3M | 35.0M | 122.0M | 76.4M | 53.0M | 26.7M | 19.7M |
| Net Margin % | 13.1% | 13.7% | 26.3% | 21.9% | 25.7% | 26.4% | 24.7% |
| Net Income Attributable | 37.6M | 34.7M | 122.0M | 76.4M | 53.0M | 26.7M | 19.7M |
| Minority Interest | -1.3M | 289,300 | -- | -- | -- | -- | -- |
| Eps Basic | 0.37 | 0.35 | 1.32 | 1.24 | 0.98 | -- | -- |
| Eps Diluted | 0.37 | 0.35 | 1.32 | 1.24 | 0.98 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 226.0M | 400.0M | 487.0M | 211.0M | 132.0M | 42.1M | 30.4M |
| Trading Financial Assets | 387.0M | 334.0M | 293.0M | 40.0M | 73.0M | 10.0M | -- |
| Accounts Receivable | 185.0M | 192.0M | 215.0M | 149.0M | 97.3M | 47.9M | 31.3M |
| Notes Receivable | 23.8M | 29.3M | 32.2M | 35.3M | 2.8M | 3.0M | 2.0M |
| Notes And Accounts Receivable | 209.0M | 221.0M | 248.0M | 184.0M | 100.0M | 50.9M | 33.3M |
| Prepayments | 7.7M | 4.1M | 8.5M | 5.0M | 9.0M | 2.8M | 5.1M |
| Inventory | 51.2M | 97.1M | 87.6M | 148.0M | 67.3M | 33.1M | 19.4M |
| Total Current Assets | 956.0M | 1.1B | 1.2B | 621.0M | 400.0M | 143.0M | 90.4M |
| Long Term Equity Investment | 39.5M | 36.5M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 45.1M | 48.5M | 52.1M | 42.0M | 42.6M | 39.3M |
| Fixed Assets Total | 184.0M | 45.1M | 48.5M | 52.1M | 42.0M | 42.6M | 39.3M |
| Construction In Progress | -- | 253.0M | 106.0M | 701,300 | -- | -- | -- |
| Construction In Progress Total | 229.0M | 253.0M | 106.0M | 701,300 | -- | -- | -- |
| Intangible Assets | 45.8M | 47.7M | 35.6M | 926,900 | 749,900 | 39,000 | 44,200 |
| Long Term Deferred Expenses | 1.1M | 381,600 | 568,200 | 1.0M | 512,800 | 180,200 | 337,200 |
| Total Non Current Assets | 612.0M | 474.0M | 229.0M | 73.2M | 52.3M | 42.9M | 39.6M |
| Total Assets | 1.6B | 1.6B | 1.4B | 694.0M | 452.0M | 186.0M | 130.0M |
| Short Term Borrowings | -- | -- | -- | -- | 1.4M | 2.5M | 25.0M |
| Accounts Payable | 105.0M | 117.0M | 121.0M | 141.0M | 54.4M | 30.7M | 15.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 30.8M | 38.0M |
| Contract Liabilities | 58.6M | 88.6M | 117.0M | 157.0M | 79.9M | -- | -- |
| Total Current Liabilities | 217.0M | 271.0M | 326.0M | 376.0M | 207.0M | 83.2M | 93.1M |
| Long Term Borrowings | 66.4M | 32.3M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 66.8M | 38.8M | 1.9M | 8.7M | 1.5M | 175,900 | 34,800 |
| Total Liabilities | 284.0M | 309.0M | 328.0M | 385.0M | 209.0M | 83.4M | 93.1M |
| Paid In Capital | 102.0M | 102.0M | 82.4M | 61.8M | 61.8M | 11.0M | 4.4M |
| Capital Reserve | 919.0M | 915.0M | 725.0M | 120.0M | 114.0M | 43.2M | 10.8M |
| Surplus Reserve | 32.8M | 27.9M | 24.3M | 12.8M | 5.0M | 4.5M | 2.2M |
| Retained Earnings | 231.0M | 215.0M | 225.0M | 115.0M | 62.6M | 43.9M | 19.5M |
| Minority Equity | 1.0M | 2.4M | -- | -- | -- | -- | -- |
| Equity Attributable | 1.3B | 1.3B | 1.1B | 309.0M | 244.0M | 103.0M | 36.9M |
| Total Equity | 1.3B | 1.3B | 1.1B | 309.0M | 244.0M | 103.0M | 36.9M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 254.0M | 273.0M | 331.0M | 345.0M | 222.0M | 83.8M | 64.1M |
| Tax Refunds Received | 30,200 | 516,900 | 291,100 | 85,500 | 617,900 | 304,600 | 75,900 |
| Total Operating Cash Inflow | 288.0M | 315.0M | 382.0M | 393.0M | 236.0M | 94.8M | 69.4M |
| Cash Paid For Goods | 131.0M | 111.0M | 208.0M | 193.0M | 99.9M | 39.2M | 30.4M |
| Cash Paid To Employees | 77.6M | 86.5M | 65.0M | 42.8M | 25.8M | 17.3M | 12.1M |
| Taxes Paid | 13.5M | 46.7M | 22.0M | 32.7M | 13.6M | 6.4M | 1.7M |
| Total Operating Cash Outflow | 259.0M | 292.0M | 329.0M | 305.0M | 184.0M | 80.2M | 56.7M |
| Operating Cash Flow | 29.2M | 22.3M | 52.4M | 88.0M | 51.8M | 14.6M | 12.7M |
| Total Investing Cash Inflow | 1.2B | 1.6B | 1.1B | 229.0M | 143.0M | 84.4M | 53.2M |
| Total Investing Cash Outflow | 1.3B | 1.8B | 1.8B | 208.0M | 209.0M | 99.8M | 58.9M |
| Investing Cash Flow | -89.2M | -219.0M | -682.0M | 21.0M | -66.4M | -15.4M | -5.6M |
| Cash From Borrowings | 34.0M | 32.3M | -- | 1.9M | 6.8M | 5.5M | 32.0M |
| Dividends And Interest Paid | 17.5M | 41.4M | -- | 16.1M | 154,600 | 803,400 | 1.3M |
| Debt Repayments | -- | -- | -- | 3.3M | 7.9M | 28.0M | 27.0M |
| Total Financing Cash Inflow | 34.0M | 240.0M | 643.0M | 1.9M | 90.8M | 41.4M | 32.8M |
| Total Financing Cash Outflow | 49.6M | 55.1M | 32.1M | 25.2M | 8.1M | 28.8M | 28.3M |
| Financing Cash Flow | -15.6M | 185.0M | 611.0M | -23.2M | 82.8M | 12.6M | 4.4M |
| Net Change In Cash | -75.5M | -11.7M | -18.7M | 85.8M | 68.1M | 11.8M | 11.4M |
| Ending Cash Balance | 85.5M | 161.0M | 173.0M | 192.0M | 106.0M | 37.6M | 25.8M |
| Capex | 140.0M | 162.0M | 125.0M | 13.4M | 4.2M | 5.8M | 5.9M |