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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 605.0M | 452.0M | 315.0M | 254.0M | 198.0M | 142.0M | 103.0M | 74.5M |
| Revenue Growth % | 33.8% | 43.5% | 24.0% | 28.3% | 39.4% | 37.9% | 38.2% | -- |
| Total Revenue | 605.0M | 452.0M | 315.0M | 254.0M | 198.0M | 142.0M | 103.0M | 74.5M |
| Cost Of Revenue | 346.0M | 249.0M | 182.0M | 144.0M | 116.0M | 79.2M | 59.5M | 34.8M |
| Gross Profit | 259.0M | 203.0M | 133.0M | 110.0M | 82.0M | 62.8M | 43.5M | 39.7M |
| Gross Margin % | 42.8% | 44.9% | 42.2% | 43.3% | 41.4% | 44.2% | 42.2% | 53.3% |
| Total Operating Cost | 465.0M | 350.0M | 258.0M | 197.0M | 164.0M | 116.0M | 150.0M | 68.5M |
| Selling Expenses | 46.0M | 43.1M | 29.6M | 26.4M | 18.5M | 18.6M | 15.0M | 7.6M |
| Admin Expenses | 32.3M | 27.9M | 22.3M | 18.3M | 15.6M | 11.8M | 54.0M | 8.7M |
| Rd Expenses | 34.0M | 26.8M | 22.4M | 3.5M | 13.8M | 6.0M | 13.7M | 14.7M |
| Finance Expenses | -2.6M | -2.3M | -2.0M | -168,400 | 118,000 | -4.0M | 977,000 | 36,900 |
| Operating Income | 149.0M | 115.0M | 64.9M | 82.6M | 38.9M | 48.2M | -46.2M | 6.9M |
| Operating Margin % | 24.6% | 25.4% | 20.6% | 32.5% | 19.6% | 33.9% | -44.9% | 9.3% |
| Non Operating Income | 238,900 | 6,400 | 325,900 | 491,200 | 185,700 | 92,100 | 60,500 | 216,800 |
| Non Operating Expenses | 439,200 | 60,500 | 54.00 | 51,400 | 48,100 | 52,200 | 47,200 | 14,200 |
| Investment Income | 2.2M | 11.2M | 1.5M | 468,200 | 1.2M | 2.1M | 768,900 | -- |
| Fair Value Change Income | 469,700 | -- | 5.2M | 148,400 | -- | -- | -- | -- |
| Asset Disposal Income | 4.3M | -- | 105,400 | -- | -- | 15.4M | -- | -- |
| Asset Impairment Loss | 654,400 | 29,000 | -67,600 | 700,900 | -1.0M | 1.1M | 6.3M | 1.9M |
| Other Income | 1.7M | 954,600 | 1.1M | 25.2M | 4.0M | 5.3M | 409,200 | 861,900 |
| Income Before Tax | 149.0M | 115.0M | 65.3M | 83.0M | 39.0M | 48.2M | -46.2M | 7.1M |
| Income Tax | 18.9M | 13.0M | 5.0M | 10.2M | 4.0M | 5.6M | -8.6M | -3,540 |
| Net Income | 130.0M | 102.0M | 60.2M | 72.8M | 35.1M | 42.6M | -37.6M | 7.1M |
| Net Margin % | 21.5% | 22.6% | 19.1% | 28.7% | 17.7% | 30.0% | -36.5% | 9.5% |
| Net Income Attributable | 130.0M | 102.0M | 60.3M | 72.9M | 35.2M | 42.5M | -37.6M | 7.1M |
| Minority Interest | -84,300 | -271,900 | -109,700 | -45,500 | -162,600 | 145,200 | -- | -- |
| Eps Basic | 1.31 | 1.09 | 0.66 | 0.94 | 0.52 | 0.64 | -0.61 | 0.13 |
| Eps Diluted | 1.31 | 1.09 | 0.66 | 0.94 | 0.52 | 0.64 | -0.61 | 0.13 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 378.0M | 246.0M | 269.0M | 126.0M | 141.0M | 62.3M | 172.0M | 24.1M |
| Trading Financial Assets | 120.0M | -- | 32.5M | 60.1M | -- | -- | -- | -- |
| Accounts Receivable | 206.0M | 142.0M | 126.0M | 92.8M | 62.6M | 69.3M | 24.5M | 21.6M |
| Notes Receivable | 27.1M | 22.4M | 42.9M | 30.5M | 18.3M | 12.2M | 17.9M | 9.3M |
| Notes And Accounts Receivable | 233.0M | 164.0M | 169.0M | 123.0M | 80.9M | 81.6M | 42.4M | 30.8M |
| Prepayments | 43.2M | 91.2M | 72.9M | 61.2M | 23.2M | 24.1M | 19.7M | 10.9M |
| Inventory | 541.0M | 471.0M | 394.0M | 301.0M | 184.0M | 177.0M | 150.0M | 118.0M |
| Total Current Assets | 1.4B | 1.0B | 977.0M | 711.0M | 467.0M | 435.0M | 425.0M | 198.0M |
| Long Term Equity Investment | -- | 3.0M | 3.1M | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 200.0M | 149.0M | 136.0M | 130.0M | 133.0M | 71.7M | 39.2M |
| Fixed Assets Total | 390.0M | 200.0M | 149.0M | 136.0M | 130.0M | 133.0M | 71.7M | 39.2M |
| Construction In Progress | -- | 6.4M | 6.0M | 9.8M | 2.3M | -- | -- | -- |
| Construction In Progress Total | 37.4M | 6.4M | 6.0M | 9.8M | 2.3M | -- | -- | -- |
| Intangible Assets | 175.0M | 161.0M | 82.8M | 59.8M | 76.1M | 61.0M | 21.4M | 16.6M |
| Long Term Deferred Expenses | 355,100 | 480,100 | 668,900 | 791,100 | 282,700 | 399,600 | -- | -- |
| Total Non Current Assets | 904.0M | 500.0M | 359.0M | 280.0M | 215.0M | 215.0M | 142.0M | 88.7M |
| Total Assets | 2.3B | 1.5B | 1.3B | 991.0M | 682.0M | 650.0M | 567.0M | 286.0M |
| Short Term Borrowings | -- | 14.2M | 39.6M | 19.2M | 21.3M | 25.9M | 20.7M | 30.2M |
| Accounts Payable | 139.0M | 102.0M | 29.6M | 37.4M | 15.8M | 22.3M | 50.2M | 27.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 42.9M | 17.3M | 39.4M |
| Contract Liabilities | 21.6M | 54.0M | 26.9M | 30.0M | 40.1M | -- | -- | -- |
| Total Current Liabilities | 335.0M | 284.0M | 201.0M | 112.0M | 96.9M | 95.9M | 114.0M | 98.9M |
| Total Non Current Liabilities | 94.0M | 82.3M | 104.0M | 66.2M | 36.5M | 40.6M | 50.4M | 43.3M |
| Total Liabilities | 429.0M | 366.0M | 305.0M | 178.0M | 133.0M | 137.0M | 165.0M | 142.0M |
| Paid In Capital | 102.0M | 93.2M | 93.2M | 90.7M | 68.0M | 68.0M | 66.0M | 55.0M |
| Capital Reserve | 1.4B | 761.0M | 761.0M | 605.0M | 436.0M | 436.0M | 371.0M | 85.5M |
| Surplus Reserve | 41.9M | 29.1M | 18.6M | 12.2M | 4.6M | 585,700 | -- | -- |
| Retained Earnings | 342.0M | 250.0M | 159.0M | 104.0M | 38.9M | 7.8M | -34.1M | 3.4M |
| Minority Equity | -268,000 | -183,700 | 88,200 | 187,100 | 232,600 | 395,200 | -- | -- |
| Equity Attributable | 1.8B | 1.1B | 1.0B | 813.0M | 548.0M | 513.0M | 402.0M | 144.0M |
| Total Equity | 1.8B | 1.1B | 1.0B | 813.0M | 548.0M | 513.0M | 402.0M | 144.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 498.0M | 548.0M | 304.0M | 234.0M | 214.0M | 139.0M | 90.0M | 58.3M |
| Tax Refunds Received | -- | 472,600 | 20.8M | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 571.0M | 567.0M | 393.0M | 323.0M | 329.0M | 180.0M | 108.0M | 61.6M |
| Cash Paid For Goods | 313.0M | 359.0M | 259.0M | 270.0M | 203.0M | 176.0M | 121.0M | 69.6M |
| Cash Paid To Employees | 72.6M | 98.9M | 89.4M | 66.1M | 37.2M | 33.1M | 26.4M | 21.6M |
| Taxes Paid | 29.6M | 17.5M | 4.8M | 6.9M | 866,600 | 3.9M | 797,500 | 10.3M |
| Total Operating Cash Outflow | 501.0M | 522.0M | 399.0M | 388.0M | 265.0M | 244.0M | 166.0M | 118.0M |
| Operating Cash Flow | 69.8M | 44.6M | -6.0M | -65.3M | 63.9M | -64.1M | -57.7M | -56.7M |
| Total Investing Cash Inflow | 565.0M | 284.0M | 407.0M | 63.5M | 83.0M | 97.7M | 60.4M | -- |
| Total Investing Cash Outflow | 1.1B | 337.0M | 437.0M | 191.0M | 45.7M | 200.0M | 85.6M | 1.2M |
| Investing Cash Flow | -528.0M | -53.0M | -29.5M | -127.0M | 37.3M | -102.0M | -25.2M | -1.2M |
| Cash From Borrowings | -- | -- | 9.8M | -- | 10.0M | 20.0M | 10.0M | 29.0M |
| Dividends And Interest Paid | 25.2M | 84,600 | 372,800 | 825,400 | 587,900 | 1.3M | 1.2M | 336,300 |
| Debt Repayments | -- | 9.8M | -- | 10.0M | 20.0M | 10.0M | 29.0M | -- |
| Total Financing Cash Inflow | 611.0M | -- | 169.0M | 218.0M | 10.0M | 60.2M | 260.0M | 29.0M |
| Total Financing Cash Outflow | 29.4M | 15.2M | 5.6M | 40.7M | 24.7M | 11.3M | 30.2M | 336,300 |
| Financing Cash Flow | 582.0M | -15.2M | 163.0M | 178.0M | -14.7M | 49.0M | 230.0M | 28.7M |
| Net Change In Cash | 123.0M | -23.6M | 128.0M | -15.1M | 86.4M | -117.0M | 147.0M | -29.2M |
| Ending Cash Balance | 353.0M | 229.0M | 253.0M | 125.0M | 140.0M | 53.9M | 171.0M | 24.1M |
| Capex | 414.0M | 96.8M | 61.2M | 67.8M | 24.7M | 62.4M | 5.6M | 1.2M |