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 | 617.0M | 573.0M | 671.0M | 560.0M | 557.0M | 505.0M | 402.0M | 263.0M | 167.0M |
| Revenue Growth % | 7.7% | -14.6% | 19.8% | 0.5% | 10.3% | 25.6% | 52.9% | 57.5% | -- |
| Total Revenue | 617.0M | 573.0M | 671.0M | 560.0M | 557.0M | 505.0M | 402.0M | 263.0M | 167.0M |
| Cost Of Revenue | 394.0M | 350.0M | 442.0M | 378.0M | 385.0M | 333.0M | 258.0M | 177.0M | 111.0M |
| Gross Profit | 223.0M | 223.0M | 229.0M | 182.0M | 172.0M | 172.0M | 144.0M | 86.0M | 56.0M |
| Gross Margin % | 36.1% | 38.9% | 34.1% | 32.5% | 30.9% | 34.1% | 35.8% | 32.7% | 33.5% |
| Total Operating Cost | 540.0M | 492.0M | 586.0M | 491.0M | 477.0M | 415.0M | 325.0M | 224.0M | 150.0M |
| Selling Expenses | 24.2M | 19.1M | 19.6M | 21.9M | 15.1M | 14.7M | 9.3M | 8.9M | 5.9M |
| Admin Expenses | 77.4M | 68.2M | 71.9M | 60.6M | 45.9M | 38.4M | 27.0M | 19.6M | 17.5M |
| Rd Expenses | 22.6M | 25.4M | 21.9M | 20.3M | 19.3M | 17.5M | 20.9M | 10.0M | 6.1M |
| Finance Expenses | 6.7M | 5.1M | 1.8M | -3.1M | -4.0M | 2.2M | 2.3M | 4.7M | 5.4M |
| Operating Income | 86.5M | 86.6M | 90.4M | 71.6M | 82.5M | 89.4M | 78.5M | 41.7M | 17.0M |
| Operating Margin % | 14.0% | 15.1% | 13.5% | 12.8% | 14.8% | 17.7% | 19.5% | 15.8% | 10.2% |
| Non Operating Income | 887,500 | 528,800 | 832,000 | 3.4M | 1.8M | 1.9M | 7,300 | 24,100 | 1.3M |
| Non Operating Expenses | 2.1M | 3.2M | 2.9M | 178,500 | 373,900 | 194,900 | 56,900 | 277,200 | 94,000 |
| Investment Income | 2.1M | 1.5M | 4.0M | 2.2M | 1.1M | -- | 1.7M | 2.5M | -- |
| Fair Value Change Income | -117,000 | -283,000 | -60,000 | 310,000 | 694,400 | -- | -- | -- | -- |
| Asset Disposal Income | -56,700 | -- | -19,800 | -- | -- | -- | -7,600 | 330,400 | -- |
| Asset Impairment Loss | 5.4M | 6.2M | 7.9M | 7.4M | 1.7M | -- | 5.8M | 2.0M | 1.6M |
| Other Income | 7.4M | 4.4M | 1.6M | 808,000 | 524,200 | 2,100 | 500.00 | 397,700 | -- |
| Income Before Tax | 85.3M | 83.9M | 88.3M | 74.8M | 84.0M | 91.1M | 78.5M | 41.4M | 18.2M |
| Income Tax | 12.0M | 10.7M | 12.1M | 8.4M | 9.9M | 14.2M | 11.7M | 5.6M | 1.8M |
| Net Income | 73.3M | 73.2M | 76.2M | 66.4M | 74.1M | 76.9M | 66.8M | 35.8M | 16.3M |
| Net Margin % | 11.9% | 12.8% | 11.4% | 11.9% | 13.3% | 15.2% | 16.6% | 13.6% | 9.8% |
| Net Income Attributable | 66.8M | 70.8M | 76.8M | 62.3M | 71.6M | 74.7M | 67.0M | 35.4M | 16.5M |
| Minority Interest | 6.5M | 2.4M | -569,700 | 4.1M | 2.4M | 2.2M | -203,400 | 353,500 | -195,000 |
| Eps Basic | 0.55 | 0.58 | 0.75 | 0.61 | 0.76 | 0.97 | 0.87 | 0.47 | 0.42 |
| Eps Diluted | 0.55 | 0.58 | 0.75 | 0.61 | 0.76 | 0.97 | 0.87 | 0.47 | 0.42 |
| 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 | 411.0M | 501.0M | 470.0M | 485.0M | 450.0M | 195.0M | 142.0M | 80.1M | 56.5M |
| Trading Financial Assets | 200,000 | 317,000 | 600,000 | 660,000 | 111.0M | -- | -- | -- | -- |
| Accounts Receivable | 385.0M | 300.0M | 245.0M | 238.0M | 286.0M | 156.0M | 129.0M | 73.2M | 59.8M |
| Notes Receivable | 7.1M | 42.3M | 20.8M | -- | -- | -- | 1.8M | 558,800 | 3.3M |
| Notes And Accounts Receivable | 392.0M | 342.0M | 266.0M | 238.0M | 286.0M | 156.0M | 131.0M | 73.7M | 63.1M |
| Prepayments | 8.1M | 2.2M | 4.8M | 3.5M | 4.8M | 3.8M | 1.1M | 2.0M | 5.9M |
| Inventory | 87.7M | 71.8M | 52.3M | 57.9M | 64.7M | 241.0M | 190.0M | 124.0M | 87.7M |
| Total Current Assets | 1.4B | 1.3B | 1.3B | 1.2B | 1.2B | 636.0M | 505.0M | 305.0M | 233.0M |
| Long Term Equity Investment | 3.4M | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 118.0M | 93.6M | 90.3M | 31.8M | 29.3M | 23.9M | 26.2M | -- |
| Fixed Assets Total | 162.0M | 118.0M | 93.6M | 90.3M | 31.8M | 29.3M | 23.9M | 26.2M | 26.5M |
| Construction In Progress | -- | 22.9M | 4.1M | 1.5M | -- | 38.8M | 1.2M | 574,200 | -- |
| Construction In Progress Total | 8.7M | 22.9M | 4.1M | 1.5M | 191.0M | 38.8M | 1.2M | 574,200 | -- |
| Intangible Assets | 675.0M | 641.0M | 406.0M | 287.0M | 31.4M | 32.4M | 33.6M | 28.4M | 14.2M |
| Long Term Deferred Expenses | 11.4M | 9.0M | 7.8M | 10.4M | 13.8M | 313,800 | -- | 412,400 | 397,700 |
| Total Non Current Assets | 935.0M | 851.0M | 548.0M | 440.0M | 275.0M | 105.0M | 62.0M | 57.0M | 42.0M |
| Total Assets | 2.3B | 2.1B | 1.8B | 1.7B | 1.5B | 742.0M | 567.0M | 362.0M | 275.0M |
| Short Term Borrowings | -- | -- | -- | 48.3M | 20.0M | 22.9M | -- | -- | 15.0M |
| Accounts Payable | 390.0M | 340.0M | 387.0M | 327.0M | 333.0M | 253.0M | 200.0M | 125.0M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 51.7M | 41.0M | 4.1M | 30.5M |
| Contract Liabilities | 31.2M | 26.1M | 29.4M | 33.0M | 43.4M | -- | -- | -- | -- |
| Total Current Liabilities | 684.0M | 599.0M | 603.0M | 574.0M | 507.0M | 386.0M | 289.0M | 166.0M | 118.0M |
| Long Term Borrowings | 410.0M | 292.0M | 110.0M | 40.9M | -- | 7.0M | 10.0M | 23.0M | 25.0M |
| Total Non Current Liabilities | 456.0M | 330.0M | 143.0M | 51.6M | 5.7M | 13.0M | 16.2M | 28.7M | 25.0M |
| Total Liabilities | 1.1B | 929.0M | 746.0M | 626.0M | 513.0M | 399.0M | 305.0M | 195.0M | 143.0M |
| Paid In Capital | 123.0M | 123.0M | 103.0M | 103.0M | 103.0M | 77.1M | 77.1M | 75.0M | 43.6M |
| Capital Reserve | 619.0M | 615.0M | 615.0M | 615.0M | 616.0M | 75.5M | 75.5M | 49.9M | 11.6M |
| Surplus Reserve | 40.4M | 37.0M | 31.9M | 23.0M | 19.0M | 13.9M | 8.3M | 2.8M | 7.2M |
| Retained Earnings | 348.0M | 385.0M | 340.0M | 278.0M | 227.0M | 168.0M | 99.3M | 37.8M | 67.7M |
| Minority Equity | 48.0M | 47.7M | 27.1M | 32.6M | 9.4M | 7.3M | 1.1M | 1.2M | 802,500 |
| Equity Attributable | 1.1B | 1.1B | 1.1B | 1.0B | 965.0M | 335.0M | 261.0M | 166.0M | 131.0M |
| Total Equity | 1.2B | 1.2B | 1.1B | 1.1B | 975.0M | 343.0M | 262.0M | 167.0M | 131.0M |
| 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 | FY 2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 645.0M | 649.0M | 494.0M | 455.0M | 350.0M | 480.0M | 303.0M | 213.0M | 161.0M |
| Tax Refunds Received | 1.6M | 91,800 | 22.8M | -- | -- | 2.2M | 4.9M | 230,600 | -- |
| Total Operating Cash Inflow | 671.0M | 662.0M | 554.0M | 490.0M | 379.0M | 507.0M | 336.0M | 253.0M | 188.0M |
| Cash Paid For Goods | 363.0M | 365.0M | 314.0M | 353.0M | 340.0M | 290.0M | 166.0M | 145.0M | 101.0M |
| Cash Paid To Employees | 85.4M | 83.7M | 78.0M | 69.8M | 52.2M | 42.1M | 32.3M | 19.8M | 21.4M |
| Taxes Paid | 61.6M | 48.4M | 31.7M | 22.2M | 25.0M | 29.6M | 32.0M | 21.9M | 14.6M |
| Total Operating Cash Outflow | 576.0M | 552.0M | 470.0M | 524.0M | 484.0M | 417.0M | 273.0M | 222.0M | 175.0M |
| Operating Cash Flow | 95.2M | 110.0M | 84.3M | -33.4M | -105.0M | 90.2M | 63.0M | 31.4M | 12.3M |
| Total Investing Cash Inflow | 418.0M | 454.0M | 274.0M | 232.0M | 131.0M | 4.1M | 6.6M | 408,100 | -- |
| Total Investing Cash Outflow | 678.0M | 728.0M | 361.0M | 233.0M | 329.0M | 52.9M | 69.2M | 8.3M | 3.2M |
| Investing Cash Flow | -260.0M | -275.0M | -87.1M | -295,600 | -198.0M | -48.9M | -62.7M | -7.9M | -3.2M |
| Cash From Borrowings | 152.0M | 200.0M | 82.4M | 89.2M | 20.0M | 22.9M | 60.8M | 20.0M | 30.0M |
| Dividends And Interest Paid | 61.3M | 8.8M | 16.2M | 8.7M | 9.7M | 1.0M | 2.2M | 2.1M | 2.2M |
| Debt Repayments | 20.3M | 10.4M | 52.9M | 24.0M | 25.9M | 11.5M | 24.5M | 17.0M | 24.2M |
| Total Financing Cash Inflow | 156.0M | 221.0M | 83.6M | 110.0M | 607.0M | 27.3M | 88.6M | 20.0M | 46.8M |
| Total Financing Cash Outflow | 88.3M | 27.3M | 88.8M | 41.2M | 56.3M | 16.1M | 27.2M | 20.6M | 29.5M |
| Financing Cash Flow | 67.8M | 193.0M | -5.2M | 69.2M | 550.0M | 11.2M | 61.5M | -635,800 | 17.3M |
| Net Change In Cash | -96.6M | 27.2M | -7.8M | 35.4M | 247.0M | 52.0M | 61.8M | 23.2M | 25.0M |
| Ending Cash Balance | 398.0M | 495.0M | 467.0M | 475.0M | 440.0M | 192.0M | 140.0M | 78.5M | 55.3M |
| Capex | 259.0M | 276.0M | 91.3M | 114.0M | 88.8M | 52.9M | 68.2M | 8.3M | 3.2M |