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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 509.0M | 558.0M | 589.0M | 911.0M | 648.0M | 472.0M | 455.0M | 309.0M | 182.0M | 174.0M | 121.0M | 108.0M | 65.8M |
| Revenue Growth % | -8.8% | -5.3% | -35.3% | 40.6% | 37.3% | 3.7% | 47.2% | 69.8% | 4.6% | 43.8% | 12.0% | 64.2% | -- |
| Total Revenue | 509.0M | 558.0M | 589.0M | 911.0M | 648.0M | 472.0M | 455.0M | 309.0M | 182.0M | 174.0M | 121.0M | 108.0M | 65.8M |
| Cost Of Revenue | 370.0M | 426.0M | 392.0M | 610.0M | 398.0M | 293.0M | 284.0M | 190.0M | 109.0M | 103.0M | 70.1M | 61.1M | 33.8M |
| Gross Profit | 139.0M | 132.0M | 197.0M | 301.0M | 250.0M | 179.0M | 171.0M | 119.0M | 73.0M | 71.0M | 50.9M | 46.9M | 31.9M |
| Gross Margin % | 27.3% | 23.7% | 33.4% | 33.0% | 38.6% | 37.9% | 37.6% | 38.5% | 40.1% | 40.8% | 42.1% | 43.4% | 48.5% |
| Total Operating Cost | 627.0M | 708.0M | 662.0M | 864.0M | 578.0M | 442.0M | 431.0M | 288.0M | 175.0M | 148.0M | 109.0M | 103.0M | 57.7M |
| Selling Expenses | 41.1M | 46.9M | 96.6M | 113.0M | 69.1M | 55.1M | 53.9M | 28.3M | 16.0M | 9.8M | 8.8M | 10.8M | 3.1M |
| Admin Expenses | 73.3M | 76.2M | 61.5M | 48.6M | 35.1M | 34.0M | 27.3M | 22.4M | 38.7M | 30.9M | 24.2M | 27.2M | 18.1M |
| Rd Expenses | 56.7M | 89.8M | 83.2M | 74.4M | 60.8M | 47.6M | 43.1M | 34.4M | -- | -- | -- | -- | -- |
| Finance Expenses | 5.1M | 18.1M | 9.1M | 3.7M | 4.2M | 1.3M | 1.4M | 3.9M | 1.6M | 681,300 | 1.2M | 1.1M | 121,900 |
| Operating Income | -92.5M | -126.0M | -42.7M | 77.9M | 88.8M | 57.2M | 50.3M | 41.1M | 7.4M | 26.8M | 12.1M | 4.9M | 8.0M |
| Operating Margin % | -18.2% | -22.6% | -7.2% | 8.6% | 13.7% | 12.1% | 11.1% | 13.3% | 4.0% | 15.4% | 10.0% | 4.5% | 12.2% |
| Non Operating Income | 1.3M | 1.4M | 1.5M | 1.0M | 1.0M | 314,700 | 539,500 | 283,800 | 11.1M | 12.0M | 8.2M | 5.0M | 639,100 |
| Non Operating Expenses | 854,800 | 3.6M | 2.8M | 1.9M | 681,500 | 1.9M | 1.0M | 648,900 | 69,700 | 48,700 | 256,200 | 14,500 | 21,900 |
| Investment Income | 4.6M | 3.0M | -832,100 | -69,100 | 356,100 | 401,000 | 531,900 | 5.0M | -- | -- | -- | -- | -- |
| Fair Value Change Income | 240,500 | 170,900 | 636,600 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 45,900 | 344,000 | 1.1M | -100.00 | -5,300 | -30,700 | -116,700 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 49.7M | 30.3M | 2.6M | 2.0M | -287,700 | 1.7M | 17.9M | 6.5M | 8.1M | 1.9M | 3.2M | 2.0M | 2.2M |
| Other Income | 20.2M | 20.8M | 29.8M | 31.2M | 18.7M | 27.2M | 25.6M | 15.7M | -- | -- | -- | -- | -- |
| Income Before Tax | -92.0M | -128.0M | -43.9M | 77.1M | 89.2M | 55.6M | 49.8M | 40.7M | 18.3M | 38.7M | 20.0M | 9.9M | 8.7M |
| Income Tax | 3.1M | -14.8M | -14.1M | 2.0M | 6.3M | 2.9M | 3.3M | 3.5M | 1.3M | 4.6M | 2.9M | -18,000 | 363,400 |
| Net Income | -95.1M | -113.0M | -29.8M | 75.1M | 82.9M | 52.7M | 46.5M | 37.2M | 17.0M | 34.2M | 17.1M | 9.9M | 8.3M |
| Net Margin % | -18.7% | -20.3% | -5.1% | 8.2% | 12.8% | 11.2% | 10.2% | 12.1% | 9.4% | 19.6% | 14.1% | 9.2% | 12.6% |
| Net Income Attributable | -106.0M | -116.0M | -35.8M | 55.7M | 72.8M | 50.9M | 44.2M | 36.0M | 17.2M | 34.2M | 17.1M | 9.9M | 8.3M |
| Minority Interest | 10.6M | 2.8M | 6.0M | 19.3M | 10.1M | 1.8M | 2.4M | 1.2M | -128,400 | -- | -- | -- | -- |
| Eps Basic | -1.12 | -1.43 | -0.44 | 0.73 | 1.20 | 0.84 | 0.73 | 0.63 | 0.34 | 0.70 | 0.57 | 1.46 | 1.56 |
| Eps Diluted | -1.12 | -1.43 | -0.44 | 0.73 | 1.20 | 0.84 | 0.73 | 0.63 | 0.31 | 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 192.0M | 147.0M | 315.0M | 239.0M | 218.0M | 173.0M | 192.0M | 144.0M | 44.4M | 37.8M | 30.4M | 10.6M | 7.1M |
| Trading Financial Assets | 29.1M | 171.0M | 86.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 409.0M | 399.0M | 466.0M | 515.0M | 394.0M | 274.0M | 206.0M | 153.0M | 133.0M | 82.4M | 66.1M | 48.4M | 31.1M |
| Notes Receivable | 52.9M | 54.6M | 66.1M | 75.4M | 51.8M | 42.6M | 19.0M | 30.0M | 4.1M | 553,900 | 3.8M | 3.4M | 1.6M |
| Notes And Accounts Receivable | 462.0M | 453.0M | 532.0M | 590.0M | 446.0M | 317.0M | 225.0M | 183.0M | 137.0M | 83.0M | 69.9M | 51.8M | 32.7M |
| Prepayments | 4.1M | 5.7M | 11.9M | 13.6M | 10.2M | 2.7M | 5.1M | 5.2M | 7.4M | 953,900 | 4.8M | 703,100 | 2.3M |
| Inventory | 319.0M | 229.0M | 242.0M | 231.0M | 247.0M | 156.0M | 157.0M | 117.0M | 83.2M | 47.3M | 35.9M | 36.4M | 37.5M |
| Total Current Assets | 1.1B | 1.1B | 1.3B | 1.2B | 966.0M | 654.0M | 590.0M | 467.0M | 281.0M | 171.0M | 142.0M | 101.0M | 81.5M |
| Long Term Equity Investment | -- | -- | 2.1M | 4.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 372.0M | 431.0M | 11.8M | -- | 13.7M | 10.2M | 11.1M | 8.1M | 7.4M | 4.1M | 5.2M | 4.3M |
| Fixed Assets Total | 337.0M | 372.0M | 431.0M | 11.8M | 16.6M | 13.7M | 10.2M | 11.1M | 8.1M | 7.4M | 4.1M | 5.2M | 4.3M |
| Construction In Progress | -- | 576,100 | -- | 261.0M | 3.7M | 746,900 | 118,800 | 701,300 | -- | -- | -- | -- | -- |
| Construction In Progress Total | 1.1M | 576,100 | -- | 261.0M | 3.7M | 746,900 | 118,800 | 701,300 | -- | -- | -- | -- | -- |
| Intangible Assets | 24.5M | 24.0M | 24.6M | 25.9M | 27.4M | 25.2M | 254,000 | 271,300 | -- | -- | 81,800 | 177,000 | 245,500 |
| Long Term Deferred Expenses | 16.4M | 17.8M | 13.9M | 933,900 | 3.2M | 4.8M | 5.1M | 5.5M | 5.4M | 185,600 | 304,600 | 143,600 | 234,200 |
| Total Non Current Assets | 474.0M | 510.0M | 531.0M | 328.0M | 125.0M | 55.5M | 26.6M | 26.4M | 24.1M | 8.7M | 5.6M | 6.4M | 5.2M |
| Total Assets | 1.6B | 1.7B | 1.8B | 1.5B | 1.1B | 710.0M | 617.0M | 493.0M | 305.0M | 180.0M | 148.0M | 108.0M | 86.7M |
| Short Term Borrowings | 194.0M | 191.0M | 175.0M | 96.2M | 92.4M | 22.0M | 28.6M | -- | 53.2M | 14.5M | 22.5M | 6.4M | 8.0M |
| Accounts Payable | 254.0M | 172.0M | 212.0M | 248.0M | 269.0M | 168.0M | 122.0M | 69.6M | 52.7M | 24.3M | 37.5M | 31.5M | 20.2M |
| Advance Receipts | -- | -- | 47,800 | -- | -- | 14.3M | 11.3M | 10.1M | 27.9M | 2.4M | 6.7M | 2.3M | 2.8M |
| Contract Liabilities | 28.2M | 24.0M | 19.4M | 41.8M | 34.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 742.0M | 584.0M | 651.0M | 624.0M | 582.0M | 309.0M | 268.0M | 191.0M | 167.0M | 74.3M | 92.6M | 73.1M | 62.4M |
| Long Term Borrowings | -- | -- | -- | 48.9M | 22.6M | -- | -- | -- | 1.2M | 1.4M | -- | 4.1M | 4.8M |
| Total Non Current Liabilities | 16.3M | 122.0M | 351.0M | 49.6M | 24.1M | 1.2M | 1.4M | 1.7M | 1.8M | 1.4M | -- | 5.1M | 4.8M |
| Total Liabilities | 758.0M | 706.0M | 1.0B | 674.0M | 607.0M | 310.0M | 270.0M | 193.0M | 168.0M | 75.7M | 92.6M | 78.2M | 67.3M |
| Paid In Capital | 94.5M | 90.6M | 81.0M | 81.0M | 60.8M | 60.8M | 60.8M | 60.8M | 50.8M | 49.5M | 30.0M | 6.8M | 6.8M |
| Capital Reserve | 707.0M | 657.0M | 395.0M | 386.0M | 132.0M | 132.0M | 132.0M | 132.0M | 17.4M | 2.8M | 7.3M | 3.2M | 3.2M |
| Surplus Reserve | 27.2M | 27.2M | 27.2M | 27.2M | 24.6M | 19.0M | 14.3M | 10.4M | 6.9M | 5.1M | 1.7M | 1.9M | 945,100 |
| Retained Earnings | -14.1M | 101.0M | 217.0M | 270.0M | 242.0M | 175.0M | 129.0M | 89.1M | 56.6M | 46.9M | 16.2M | 17.4M | 8.5M |
| Minority Equity | 41.8M | 67.4M | 66.3M | 50.8M | 24.5M | 12.6M | 10.6M | 7.5M | 5.0M | -- | -- | -- | -- |
| Equity Attributable | 810.0M | 882.0M | 739.0M | 764.0M | 460.0M | 387.0M | 337.0M | 292.0M | 132.0M | 104.0M | 55.2M | 29.3M | 19.4M |
| Total Equity | 852.0M | 949.0M | 805.0M | 815.0M | 484.0M | 400.0M | 347.0M | 300.0M | 137.0M | 104.0M | 55.2M | 29.3M | 19.4M |
| 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 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 553.0M | 551.0M | 546.0M | 664.0M | 513.0M | 405.0M | 440.0M | 282.0M | 178.0M | 155.0M | 117.0M | 95.5M | 51.0M |
| Tax Refunds Received | 11.8M | 12.4M | 29.8M | 36.5M | 19.7M | 17.1M | 21.1M | 14.8M | 7.0M | 9.9M | 6.0M | 4.9M | -- |
| Total Operating Cash Inflow | 586.0M | 590.0M | 606.0M | 718.0M | 541.0M | 436.0M | 476.0M | 306.0M | 188.0M | 167.0M | 125.0M | 101.0M | 52.6M |
| Cash Paid For Goods | 276.0M | 364.0M | 304.0M | 500.0M | 309.0M | 248.0M | 281.0M | 157.0M | 145.0M | 91.4M | 50.5M | 38.5M | 42.3M |
| Cash Paid To Employees | 195.0M | 212.0M | 186.0M | 171.0M | 120.0M | 98.0M | 89.8M | 66.5M | 42.2M | 33.4M | 25.7M | 20.2M | 11.7M |
| Taxes Paid | 52.6M | 40.1M | 27.6M | 58.6M | 32.5M | 26.7M | 35.1M | 25.3M | 17.9M | 21.7M | 10.9M | 7.6M | 3.6M |
| Total Operating Cash Outflow | 577.0M | 692.0M | 586.0M | 801.0M | 524.0M | 423.0M | 450.0M | 277.0M | 219.0M | 161.0M | 103.0M | 88.8M | 71.4M |
| Operating Cash Flow | 9.6M | -102.0M | 20.2M | -83.7M | 17.6M | 13.7M | 25.8M | 28.4M | -31.1M | 5.5M | 21.6M | 12.3M | -18.8M |
| Total Investing Cash Inflow | 816.0M | 700.0M | 485.0M | 92.3M | 140.0M | 103.0M | 197.0M | 28.8M | 149,400 | 378,400 | 1.2M | 1.0M | 136,600 |
| Total Investing Cash Outflow | 711.0M | 805.0M | 785.0M | 250.0M | 215.0M | 132.0M | 201.0M | 24.8M | 10.4M | 2.8M | 754,700 | 2.0M | 1.7M |
| Investing Cash Flow | 105.0M | -106.0M | -299.0M | -158.0M | -74.4M | -28.6M | -4.2M | 4.0M | -10.3M | -2.4M | 491,800 | -970,300 | -1.6M |
| Cash From Borrowings | 194.0M | 210.0M | 536.0M | 123.0M | 129.0M | 16.8M | 30.9M | 85.0M | 69.1M | 21.4M | 27.0M | 9.0M | 13.0M |
| Dividends And Interest Paid | 20.4M | 6.8M | 26.6M | 29.9M | 2.7M | 1.4M | 854,500 | 3.1M | 6.7M | 1.4M | 949,600 | 921,500 | 103,400 |
| Debt Repayments | 190.0M | 164.0M | 150.0M | 97.9M | 19.6M | 19.5M | 2.3M | 139.0M | 30.6M | 31.1M | 12.0M | 11.3M | 150,000 |
| Total Financing Cash Inflow | 209.0M | 269.0M | 592.0M | 521.0M | 168.0M | 59.1M | 67.7M | 225.0M | 86.0M | 36.4M | 40.4M | 9.0M | 26.4M |
| Total Financing Cash Outflow | 283.0M | 227.0M | 236.0M | 248.0M | 72.9M | 58.1M | 46.5M | 183.0M | 37.5M | 36.8M | 47.4M | 17.6M | 253,400 |
| Financing Cash Flow | -73.2M | 42.6M | 355.0M | 274.0M | 94.8M | 921,000 | 21.2M | 41.4M | 48.5M | -371,500 | -7.1M | -8.6M | 26.1M |
| Net Change In Cash | 41.8M | -165.0M | 76.8M | 31.4M | 36.2M | -14.1M | 42.1M | 73.4M | 7.1M | 3.0M | 15.0M | 2.7M | 5.8M |
| Ending Cash Balance | 158.0M | 116.0M | 281.0M | 204.0M | 173.0M | 136.0M | 150.0M | 108.0M | 34.9M | 27.8M | 24.8M | 9.8M | 7.1M |
| Capex | 6.7M | 20.1M | 217.0M | 153.0M | 74.8M | 32.0M | 2.0M | 4.7M | 7.2M | 2.8M | 754,700 | 2.0M | 1.7M |