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 | 321.0M | 327.0M | 368.0M | 306.0M | 302.0M | 245.0M | 203.0M | 161.0M | 121.0M |
| Revenue Growth % | -1.8% | -11.1% | 20.3% | 1.3% | 23.3% | 20.7% | 26.1% | 33.1% | -- |
| Total Revenue | 321.0M | 327.0M | 368.0M | 306.0M | 302.0M | 245.0M | 203.0M | 161.0M | 121.0M |
| Cost Of Revenue | 248.0M | 243.0M | 256.0M | 196.0M | 184.0M | 137.0M | 113.0M | 84.1M | 61.6M |
| Gross Profit | 73.0M | 84.0M | 112.0M | 110.0M | 118.0M | 108.0M | 90.0M | 76.9M | 59.4M |
| Gross Margin % | 22.7% | 25.7% | 30.4% | 35.9% | 39.1% | 44.1% | 44.3% | 47.8% | 49.1% |
| Total Operating Cost | 425.0M | 413.0M | 391.0M | 298.0M | 264.0M | 207.0M | 165.0M | 156.0M | 100.0M |
| Selling Expenses | 51.6M | 52.1M | 49.3M | 41.4M | 27.2M | 25.1M | 21.9M | 20.0M | 13.9M |
| Admin Expenses | 48.8M | 41.3M | 26.5M | 20.9M | 20.1M | 15.4M | 10.6M | 35.7M | 7.8M |
| Rd Expenses | 64.1M | 63.5M | 50.4M | 37.6M | 24.3M | 23.1M | 17.5M | 14.1M | 12.2M |
| Finance Expenses | 4.1M | 958,200 | -897,300 | -3.2M | -259,600 | 2.0M | 455,100 | 646,500 | 1.2M |
| Operating Income | -89.1M | -74.6M | -8.1M | 20.5M | 50.3M | 48.9M | 50.6M | 14.6M | 31.4M |
| Operating Margin % | -27.8% | -22.8% | -2.2% | 6.7% | 16.7% | 20.0% | 24.9% | 9.1% | 26.0% |
| Non Operating Income | 1.3M | 124,700 | 1.1M | 8.5M | 2.3M | 508,000 | 259,100 | 834,600 | 8.2M |
| Non Operating Expenses | 176,000 | 6.7M | 44,200 | 365,400 | 1.1M | 67,100 | 430,400 | 376,500 | 257,100 |
| Investment Income | -590,200 | -454,700 | -134,600 | 1.2M | 86,100 | -720,700 | -230,400 | -- | 266,900 |
| Asset Disposal Income | -- | -- | 2,500 | 15,700 | -- | -27,600 | 5,600 | 84,100 | 10.9M |
| Asset Impairment Loss | 734,400 | 153,800 | 35,600 | 125,500 | 107,700 | 246,400 | -118,600 | -585,000 | 1.9M |
| Other Income | 16.0M | 11.9M | 15.4M | 11.8M | 12.0M | 11.3M | 12.9M | 9.2M | -- |
| Income Before Tax | -88.0M | -81.3M | -7.0M | 28.6M | 51.5M | 49.3M | 50.5M | 15.1M | 39.3M |
| Income Tax | -23.2M | -22.2M | -8.3M | -579,300 | 5.3M | 5.1M | 6.1M | 5.3M | 5.1M |
| Net Income | -64.8M | -59.1M | 1.4M | 29.2M | 46.2M | 44.2M | 44.4M | 9.8M | 34.2M |
| Net Margin % | -20.2% | -18.1% | 0.4% | 9.5% | 15.3% | 18.1% | 21.9% | 6.1% | 28.3% |
| Net Income Attributable | -65.2M | -59.2M | 1.4M | 29.2M | 46.2M | 44.2M | 44.4M | 9.8M | 34.4M |
| Minority Interest | 418,800 | 162,600 | -- | -- | -- | -- | -- | -- | -192,700 |
| Eps Basic | -0.41 | -0.35 | 0.01 | 0.17 | 0.31 | 0.35 | 0.35 | 0.09 | 0.31 |
| Eps Diluted | -0.41 | -0.35 | 0.01 | 0.17 | 0.31 | 0.35 | 0.35 | 0.09 | 0.31 |
| 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 | 86.8M | 178.0M | 268.0M | 277.0M | 271.0M | 39.9M | 21.7M | 24.0M | 26.4M |
| Trading Financial Assets | -- | -- | -- | 20.0M | 130.0M | -- | -- | -- | -- |
| Accounts Receivable | 215.0M | 240.0M | 243.0M | 235.0M | 235.0M | 181.0M | 144.0M | 103.0M | 93.8M |
| Notes Receivable | 9.8M | 5.1M | -- | -- | -- | 16.2M | 12.7M | 8.8M | 11.8M |
| Notes And Accounts Receivable | 225.0M | 245.0M | 243.0M | 235.0M | 235.0M | 198.0M | 157.0M | 112.0M | 106.0M |
| Prepayments | 5.2M | 4.7M | 5.9M | 3.5M | 1.9M | 1.3M | 1.1M | 865,800 | 701,900 |
| Inventory | 71.2M | 57.0M | 66.3M | 69.9M | 30.4M | 21.1M | 16.7M | 15.5M | 10.2M |
| Total Current Assets | 420.0M | 527.0M | 620.0M | 646.0M | 706.0M | 268.0M | 201.0M | 155.0M | 145.0M |
| Long Term Equity Investment | 733,000 | 1.3M | 1.8M | 2.1M | 2.8M | 3.1M | 3.8M | -- | -- |
| Fixed Assets | -- | 341.0M | 274.0M | 242.0M | 200.0M | 145.0M | 113.0M | 7.9M | -- |
| Fixed Assets Total | 321.0M | 341.0M | 274.0M | 242.0M | 200.0M | 145.0M | 113.0M | 7.9M | 8.6M |
| Construction In Progress | -- | 30.7M | 43.2M | 46.9M | 50.1M | 36.9M | 54.9M | 91.7M | -- |
| Construction In Progress Total | 28.4M | 30.7M | 43.2M | 46.9M | 50.1M | 36.9M | 54.9M | 91.7M | 46.7M |
| Intangible Assets | 35.2M | 42.7M | 23.1M | 27.5M | 16.5M | 15.3M | 15.2M | 15.5M | 14.6M |
| Long Term Deferred Expenses | 3.9M | 5.5M | 2.7M | 42,100 | 178,100 | 314,200 | -- | 303,900 | 794,500 |
| Total Non Current Assets | 488.0M | 487.0M | 423.0M | 344.0M | 284.0M | 206.0M | 191.0M | 118.0M | 73.3M |
| Total Assets | 908.0M | 1.0B | 1.0B | 990.0M | 990.0M | 474.0M | 391.0M | 273.0M | 218.0M |
| Short Term Borrowings | 74.1M | 54.1M | 39.0M | 30.0M | 30.0M | 10.0M | 7.0M | 7.0M | 15.0M |
| Accounts Payable | 177.0M | 117.0M | 138.0M | 121.0M | 101.0M | 80.6M | 99.5M | 76.5M | 48.8M |
| Advance Receipts | 125,900 | 658,300 | 24,400 | 41,900 | 12,500 | 75,500 | 257,200 | 1.8M | -- |
| Contract Liabilities | 2.6M | 754,800 | 1.9M | 261,000 | 11,100 | -- | -- | -- | -- |
| Total Current Liabilities | 297.0M | 306.0M | 229.0M | 224.0M | 230.0M | 171.0M | 143.0M | 98.9M | 86.8M |
| Long Term Borrowings | 39.4M | -- | 48.4M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 64.8M | 17.0M | 64.4M | 8.2M | 5.6M | 12.0M | 350,000 | -- | -- |
| Total Liabilities | 361.0M | 323.0M | 293.0M | 232.0M | 236.0M | 183.0M | 144.0M | 98.9M | 86.8M |
| Paid In Capital | 168.0M | 168.0M | 168.0M | 168.0M | 168.0M | 126.0M | 126.0M | 120.0M | 101.0M |
| Capital Reserve | 453.0M | 453.0M | 453.0M | 453.0M | 453.0M | 78.6M | 78.6M | 55.1M | 8.5M |
| Surplus Reserve | 16.7M | 16.7M | 16.7M | 16.3M | 13.3M | 8.7M | 4.3M | -- | 8.6M |
| Retained Earnings | -12.4M | 52.8M | 112.0M | 121.0M | 120.0M | 78.6M | 38.8M | -1.3M | 13.5M |
| Minority Equity | 1.1M | 665,700 | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 545.0M | 691.0M | 750.0M | 759.0M | 755.0M | 292.0M | 248.0M | 174.0M | 132.0M |
| Total Equity | 547.0M | 691.0M | 750.0M | 759.0M | 755.0M | 292.0M | 248.0M | 174.0M | 132.0M |
| 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 | 344.0M | 312.0M | 352.0M | 278.0M | 225.0M | 197.0M | 154.0M | 143.0M | 110.0M |
| Tax Refunds Received | 6.6M | 8.0M | 9.7M | 8.7M | 9.1M | 9.1M | 11.4M | 7.4M | 5.7M |
| Total Operating Cash Inflow | 375.0M | 335.0M | 375.0M | 309.0M | 244.0M | 213.0M | 169.0M | 154.0M | 118.0M |
| Cash Paid For Goods | 162.0M | 182.0M | 198.0M | 186.0M | 132.0M | 58.2M | 45.3M | 36.7M | 16.0M |
| Cash Paid To Employees | 128.0M | 112.0M | 91.6M | 75.2M | 58.2M | 53.3M | 45.6M | 35.2M | 28.0M |
| Taxes Paid | 14.9M | 14.1M | 13.1M | 19.9M | 21.7M | 19.0M | 20.3M | 24.5M | 16.4M |
| Total Operating Cash Outflow | 360.0M | 375.0M | 356.0M | 336.0M | 247.0M | 160.0M | 135.0M | 120.0M | 78.6M |
| Operating Cash Flow | 14.5M | -39.7M | 19.1M | -27.0M | -2.5M | 53.3M | 34.2M | 34.7M | 39.4M |
| Total Investing Cash Inflow | -- | 38,500 | 27.1M | 460.0M | 90.7M | 125,300 | 10,000 | 93,000 | 16.4M |
| Total Investing Cash Outflow | 17.5M | 67.7M | 84.2M | 393.0M | 323.0M | 34.5M | 65.4M | 23.3M | 31.6M |
| Investing Cash Flow | -17.5M | -67.6M | -57.2M | 66.6M | -232.0M | -34.4M | -65.4M | -23.2M | -15.3M |
| Cash From Borrowings | 139.0M | 74.0M | 111.0M | 30.0M | 30.0M | 19.0M | 7.0M | 7.0M | 15.0M |
| Dividends And Interest Paid | 4.5M | 4.1M | 13.2M | 26.6M | 1.4M | 1.4M | 382,700 | 23.7M | 49.7M |
| Debt Repayments | 123.0M | 42.0M | 52.2M | 30.0M | 16.9M | 15.2M | 7.0M | 15.0M | 10.0M |
| Total Financing Cash Inflow | 139.0M | 74.0M | 111.0M | 47.6M | 472.0M | 23.9M | 38.5M | 26.9M | 76.6M |
| Total Financing Cash Outflow | 213.0M | 54.4M | 67.4M | 56.6M | 52.3M | 29.7M | 13.0M | 42.2M | 77.9M |
| Financing Cash Flow | -74.2M | 19.6M | 43.6M | -9.0M | 420.0M | -5.8M | 25.4M | -15.3M | -1.2M |
| Net Change In Cash | -77.2M | -87.8M | 5.6M | 30.7M | 185.0M | 13.1M | -5.8M | -3.8M | 22.9M |
| Ending Cash Balance | 86.6M | 164.0M | 252.0M | 246.0M | 215.0M | 29.9M | 16.8M | 22.6M | 26.4M |
| Capex | 17.5M | 63.1M | 81.3M | 76.3M | 65.7M | 34.5M | 61.4M | 23.3M | 31.6M |