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 |
|---|---|---|---|---|---|
| Revenue | 508.0M | 456.0M | 401.0M | 306.0M | 266.0M |
| Revenue Growth % | 11.4% | 13.7% | 31.0% | 15.0% | -- |
| Total Revenue | 508.0M | 456.0M | 401.0M | 306.0M | 266.0M |
| Cost Of Revenue | 286.0M | 225.0M | 161.0M | 112.0M | 79.9M |
| Gross Profit | 222.0M | 231.0M | 240.0M | 194.0M | 186.1M |
| Gross Margin % | 43.7% | 50.7% | 59.9% | 63.4% | 70.0% |
| Total Operating Cost | 422.0M | 344.0M | 275.0M | 217.0M | 167.0M |
| Selling Expenses | 11.5M | 8.5M | 10.6M | 9.9M | 8.6M |
| Admin Expenses | 36.6M | 36.8M | 35.5M | 36.9M | 29.1M |
| Rd Expenses | 60.4M | 48.1M | 45.2M | 42.1M | 30.6M |
| Finance Expenses | 783,000 | -1.2M | 754,800 | 1.9M | 3.0M |
| Operating Income | 114.0M | 149.0M | 136.0M | 93.8M | 104.0M |
| Operating Margin % | 22.4% | 32.7% | 33.9% | 30.7% | 39.1% |
| Non Operating Income | 7.3M | 6.6M | 55,000 | 35,500 | 272,100 |
| Non Operating Expenses | 939,000 | 42,000 | 193,800 | 72,700 | 2.1M |
| Investment Income | 6.7M | 9.9M | 124,100 | 56,900 | -- |
| Fair Value Change Income | 5.2M | 740,800 | -- | -- | -- |
| Asset Disposal Income | 350,600 | -- | -- | -- | -- |
| Asset Impairment Loss | 4.1M | 3.1M | 2.4M | 1.2M | 3.5M |
| Other Income | 15.5M | 26.6M | 9.1M | 4.4M | 5.7M |
| Income Before Tax | 120.0M | 156.0M | 136.0M | 93.8M | 103.0M |
| Income Tax | 8.3M | 17.4M | 7.5M | 8.9M | 13.3M |
| Net Income | 112.0M | 138.0M | 128.0M | 84.9M | 89.3M |
| Net Margin % | 22.0% | 30.3% | 31.9% | 27.7% | 33.6% |
| Net Income Attributable | 102.0M | 134.0M | 123.0M | 83.3M | 86.9M |
| Minority Interest | 10.0M | 3.9M | 5.6M | 1.6M | 2.4M |
| Eps Basic | 0.25 | 0.34 | 0.33 | 0.23 | 0.24 |
| Eps Diluted | 0.25 | 0.34 | 0.33 | 0.23 | 0.24 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 227.0M | 291.0M | 165.0M | 133.0M | 119.0M |
| Trading Financial Assets | 380.0M | 607.0M | -- | -- | -- |
| Accounts Receivable | 413.0M | 315.0M | 195.0M | 158.0M | 122.0M |
| Notes Receivable | 69.2M | 67.9M | 71.1M | 24.4M | 49.4M |
| Notes And Accounts Receivable | 482.0M | 383.0M | 266.0M | 182.0M | 171.0M |
| Prepayments | 2.7M | 26.6M | 6.4M | 9.0M | 5.2M |
| Inventory | 160.0M | 127.0M | 85.5M | 61.7M | 49.2M |
| Total Current Assets | 1.3B | 1.5B | 564.0M | 412.0M | 357.0M |
| Fixed Assets | -- | 374.0M | 281.0M | 207.0M | 178.0M |
| Fixed Assets Total | 480.0M | 374.0M | 281.0M | 207.0M | 178.0M |
| Construction In Progress | -- | 174.0M | 188.0M | 136.0M | 85.9M |
| Construction In Progress Total | 320.0M | 174.0M | 188.0M | 136.0M | 85.9M |
| Intangible Assets | 202.0M | 208.0M | 192.0M | 198.0M | 203.0M |
| Long Term Deferred Expenses | -- | -- | 19,000 | 141,600 | 41,300 |
| Total Non Current Assets | 1.1B | 857.0M | 715.0M | 594.0M | 483.0M |
| Total Assets | 2.4B | 2.3B | 1.3B | 1.0B | 840.0M |
| Short Term Borrowings | 82.2M | 37.5M | 35.0M | 51.1M | 96.5M |
| Accounts Payable | 112.0M | 96.2M | 82.5M | 57.7M | 28.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 9.3M | 1.8M | 8.8M | 6.7M | 12.8M |
| Total Current Liabilities | 447.0M | 301.0M | 220.0M | 216.0M | 204.0M |
| Long Term Borrowings | 204.0M | 202.0M | 213.0M | 81.0M | -- |
| Total Non Current Liabilities | 316.0M | 325.0M | 318.0M | 179.0M | 93.2M |
| Total Liabilities | 763.0M | 626.0M | 537.0M | 394.0M | 297.0M |
| Paid In Capital | 407.0M | 407.0M | 366.0M | 366.0M | 366.0M |
| Capital Reserve | 802.0M | 802.0M | 19.4M | 19.3M | 16.7M |
| Surplus Reserve | 81.3M | 73.4M | 60.2M | 49.1M | 41.2M |
| Retained Earnings | 391.0M | 378.0M | 257.0M | 146.0M | 90.3M |
| Minority Equity | 41.4M | 31.4M | 27.5M | 21.9M | 20.3M |
| Equity Attributable | 1.6B | 1.7B | 714.0M | 590.0M | 522.0M |
| Total Equity | 1.7B | 1.7B | 742.0M | 612.0M | 542.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 438.0M | 374.0M | 333.0M | 279.0M | 269.0M |
| Tax Refunds Received | -- | 4.4M | 6.2M | -- | -- |
| Total Operating Cash Inflow | 462.0M | 428.0M | 370.0M | 290.0M | 310.0M |
| Cash Paid For Goods | 148.0M | 165.0M | 89.7M | 56.9M | 69.5M |
| Cash Paid To Employees | 184.0M | 143.0M | 120.0M | 101.0M | 77.1M |
| Taxes Paid | 50.2M | 53.1M | 27.7M | 32.3M | 23.6M |
| Total Operating Cash Outflow | 404.0M | 389.0M | 264.0M | 217.0M | 185.0M |
| Operating Cash Flow | 57.3M | 39.3M | 106.0M | 72.5M | 125.0M |
| Total Investing Cash Inflow | 1.9B | 1.4B | 30.1M | 40.1M | -- |
| Total Investing Cash Outflow | 2.0B | 2.2B | 183.0M | 154.0M | 181.0M |
| Investing Cash Flow | -86.3M | -773.0M | -153.0M | -114.0M | -181.0M |
| Cash From Borrowings | 176.0M | 75.5M | 197.0M | 132.0M | 107.0M |
| Dividends And Interest Paid | 89.6M | 9.8M | 29.2M | 11.4M | 11.9M |
| Debt Repayments | 88.8M | 40.1M | 74.0M | 74.2M | 21.6M |
| Total Financing Cash Inflow | 176.0M | 969.0M | 197.0M | 134.0M | 107.0M |
| Total Financing Cash Outflow | 238.0M | 120.0M | 111.0M | 86.4M | 34.7M |
| Financing Cash Flow | -62.0M | 849.0M | 86.0M | 48.1M | 71.8M |
| Net Change In Cash | -91.0M | 115.0M | 39.0M | 6.5M | 15.5M |
| Ending Cash Balance | 189.0M | 280.0M | 164.0M | 125.0M | 119.0M |
| Capex | 287.0M | 177.0M | 153.0M | 114.0M | 181.0M |