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 | 546.0M | 570.0M | 489.0M | 384.0M | 321.0M | 241.0M | 133.0M |
| Revenue Growth % | -4.2% | 16.6% | 27.3% | 19.6% | 33.2% | 81.2% | -- |
| Total Revenue | 546.0M | 570.0M | 489.0M | 384.0M | 321.0M | 241.0M | 133.0M |
| Cost Of Revenue | 329.0M | 335.0M | 227.0M | 163.0M | 119.0M | 83.2M | 51.3M |
| Gross Profit | 217.0M | 235.0M | 262.0M | 221.0M | 202.0M | 157.8M | 81.7M |
| Gross Margin % | 39.7% | 41.2% | 53.6% | 57.6% | 62.9% | 65.5% | 61.4% |
| Total Operating Cost | 556.0M | 523.0M | 386.0M | 315.0M | 243.0M | 184.0M | 122.0M |
| Selling Expenses | 57.0M | 52.2M | 55.4M | 47.3M | 37.2M | 27.0M | 17.1M |
| Admin Expenses | 59.3M | 45.1M | 38.6M | 37.9M | 33.7M | 28.6M | 20.1M |
| Rd Expenses | 65.5M | 68.7M | 54.4M | 52.7M | 42.3M | 36.3M | 26.6M |
| Finance Expenses | -4.4M | -8.3M | -957,700 | -479,700 | -8,700 | 1.0M | 1.4M |
| Operating Income | 35.2M | 78.2M | 137.0M | 90.8M | 104.0M | 70.9M | 12.6M |
| Operating Margin % | 6.5% | 13.7% | 28.0% | 23.6% | 32.4% | 29.4% | 9.5% |
| Non Operating Income | 98,700 | 506,100 | 1.9M | 3.5M | 651,600 | 163,200 | 223,300 |
| Non Operating Expenses | 411,100 | 767,500 | 89,500 | 255,600 | 387,900 | 64,600 | 28,800 |
| Investment Income | 14.2M | 10.2M | -2.0M | -1.8M | -545,000 | -1.7M | 99,100 |
| Fair Value Change Income | -- | -- | -- | -778,300 | -1.6M | 10,400 | -- |
| Asset Disposal Income | -- | -- | -- | -135,500 | -- | -- | -- |
| Asset Impairment Loss | 16.0M | 2.8M | 1.7M | 182,600 | 1.9M | -- | 2.6M |
| Other Income | 30.1M | 20.6M | 35.0M | 24.7M | 27.4M | 15.5M | 1.1M |
| Income Before Tax | 34.9M | 77.9M | 139.0M | 94.0M | 104.0M | 71.0M | 12.8M |
| Income Tax | -4.5M | 3.7M | 14.1M | 8.0M | 12.4M | 7.7M | 2.3M |
| Net Income | 39.4M | 74.2M | 125.0M | 85.9M | 91.7M | 63.3M | 10.5M |
| Net Margin % | 7.2% | 13.0% | 25.6% | 22.4% | 28.6% | 26.3% | 7.9% |
| Net Income Attributable | 40.7M | 74.2M | 125.0M | 85.9M | 91.7M | 63.3M | 15.3M |
| Minority Interest | -1.3M | -13,100 | 8,600 | -- | -- | -- | -4.8M |
| Eps Basic | 0.47 | 0.84 | 1.88 | 1.30 | 1.43 | 1.78 | 0.51 |
| Eps Diluted | -- | -- | -- | -- | 1.43 | 1.78 | 0.51 |
| 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 | 749.0M | 949.0M | 1.1B | 103.0M | 89.8M | 4.5M | 6.6M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 19.0M | -- |
| Accounts Receivable | 521.0M | 380.0M | 246.0M | 201.0M | 109.0M | 89.6M | 58.6M |
| Notes Receivable | 32.8M | 23.2M | 24.5M | 62.9M | 53.0M | 34.8M | 33.9M |
| Notes And Accounts Receivable | 553.0M | 403.0M | 270.0M | 264.0M | 162.0M | 124.0M | 92.6M |
| Prepayments | 11.8M | 7.0M | 13.2M | 9.4M | 7.1M | 4.8M | 2.5M |
| Inventory | 219.0M | 211.0M | 223.0M | 187.0M | 129.0M | 77.9M | 41.8M |
| Total Current Assets | 1.6B | 1.7B | 1.7B | 661.0M | 465.0M | 270.0M | 154.0M |
| Long Term Equity Investment | 30.8M | 23.3M | 289,500 | 446,900 | -- | -- | -- |
| Fixed Assets | -- | 21.4M | 5.9M | 7.3M | 7.7M | 4.5M | 4.7M |
| Fixed Assets Total | 103.0M | 21.4M | 5.9M | 7.3M | 7.7M | 4.5M | 4.7M |
| Construction In Progress | -- | 34.9M | 844,600 | -- | -- | -- | -- |
| Construction In Progress Total | 8.9M | 34.9M | 844,600 | -- | -- | -- | -- |
| Intangible Assets | 22.8M | 22.8M | 24.2M | 1.4M | 860,300 | 288,100 | 120,800 |
| Long Term Deferred Expenses | 1.2M | 2.0M | 3.5M | 5.1M | 6.5M | 364,600 | 283,600 |
| Total Non Current Assets | 217.0M | 139.0M | 63.5M | 46.0M | 28.6M | 19.8M | 10.9M |
| Total Assets | 1.9B | 1.8B | 1.8B | 707.0M | 493.0M | 290.0M | 165.0M |
| Short Term Borrowings | -- | -- | -- | -- | -- | 7.8M | 9.0M |
| Accounts Payable | 169.0M | 97.6M | 88.4M | 67.2M | 37.6M | 25.0M | 15.4M |
| Advance Receipts | -- | -- | -- | -- | -- | 111.0M | 65.1M |
| Contract Liabilities | 84.0M | 92.7M | 120.0M | 174.0M | 118.0M | -- | -- |
| Total Current Liabilities | 360.0M | 313.0M | 336.0M | 349.0M | 246.0M | 203.0M | 138.0M |
| Total Non Current Liabilities | 23.8M | 19.4M | 14.2M | 12.8M | 9.6M | 4.3M | 3.1M |
| Total Liabilities | 384.0M | 333.0M | 350.0M | 362.0M | 256.0M | 208.0M | 141.0M |
| Paid In Capital | 88.4M | 88.4M | 88.4M | 66.3M | 66.3M | 60.0M | 30.0M |
| Capital Reserve | 1.1B | 1.1B | 1.1B | 118.0M | 86.8M | 29.1M | -- |
| Surplus Reserve | 36.2M | 33.1M | 29.0M | 18.3M | 9.1M | 1.6M | 595,900 |
| Retained Earnings | 307.0M | 295.0M | 256.0M | 142.0M | 75.6M | -8.8M | -6.6M |
| Minority Equity | 33.1M | -- | 8,600 | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.5B | 1.4B | 345.0M | 238.0M | 82.0M | 24.0M |
| Total Equity | 1.5B | 1.5B | 1.4B | 345.0M | 238.0M | 82.0M | 24.0M |
| 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 |
|---|---|---|---|---|---|---|---|
| Cash From Sales | 375.0M | 391.0M | 434.0M | 351.0M | 258.0M | 193.0M | 105.0M |
| Tax Refunds Received | 11.3M | 12.7M | 11.7M | 9.8M | 8.0M | 6.2M | 205,200 |
| Total Operating Cash Inflow | 423.0M | 438.0M | 484.0M | 385.0M | 297.0M | 211.0M | 107.0M |
| Cash Paid For Goods | 284.0M | 267.0M | 206.0M | 112.0M | 110.0M | 56.1M | 37.7M |
| Cash Paid To Employees | 134.0M | 137.0M | 117.0M | 108.0M | 85.0M | 75.7M | 46.4M |
| Taxes Paid | 33.5M | 34.5M | 46.1M | 62.8M | 31.2M | 46.7M | 21.1M |
| Total Operating Cash Outflow | 525.0M | 519.0M | 437.0M | 349.0M | 277.0M | 209.0M | 125.0M |
| Operating Cash Flow | -102.0M | -80.7M | 46.7M | 36.3M | 19.8M | 1.5M | -18.3M |
| Total Investing Cash Inflow | 3.9B | 2.6B | 2,193 | 485,200 | 69.3M | 8.1M | 42.1M |
| Total Investing Cash Outflow | 4.0B | 2.7B | 19.2M | 13.5M | 59.0M | 28.6M | 50.8M |
| Investing Cash Flow | -29.2M | -42.2M | -19.2M | -13.0M | 10.3M | -20.6M | -8.7M |
| Cash From Borrowings | -- | -- | -- | -- | -- | 7.8M | 9.0M |
| Dividends And Interest Paid | 25.7M | 31.0M | -- | 9.9M | -- | 10.6M | 2.1M |
| Total Financing Cash Inflow | 22.8M | -- | 998.0M | -- | 51.4M | 53.9M | 34.0M |
| Total Financing Cash Outflow | 93.6M | 55.0M | 5.4M | 14.6M | -- | 36.8M | 3.2M |
| Financing Cash Flow | -70.7M | -55.0M | 992.0M | -14.6M | 51.4M | 17.0M | 30.8M |
| Net Change In Cash | -202.0M | -178.0M | 1.0B | 8.7M | 81.4M | -2.1M | 3.8M |
| Ending Cash Balance | 734.0M | 937.0M | 1.1B | 94.6M | 85.9M | 4.5M | 6.6M |
| Capex | 36.9M | 30.2M | 19.2M | 12.3M | 9.0M | 1.6M | 1.7M |