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 |
|---|---|---|---|---|---|---|
| Revenue | 386.0M | 429.0M | 372.0M | 262.0M | 165.0M | 126.0M |
| Revenue Growth % | -10.0% | 15.3% | 42.0% | 58.8% | 31.0% | -- |
| Total Revenue | 386.0M | 429.0M | 372.0M | 262.0M | 165.0M | 126.0M |
| Cost Of Revenue | 241.0M | 244.0M | 209.0M | 146.0M | 86.4M | 69.3M |
| Gross Profit | 145.0M | 185.0M | 163.0M | 116.0M | 78.6M | 56.7M |
| Gross Margin % | 37.6% | 43.1% | 43.8% | 44.3% | 47.7% | 45.0% |
| Total Operating Cost | 330.0M | 312.0M | 287.0M | 212.0M | 129.0M | 108.0M |
| Selling Expenses | 26.6M | 26.2M | 26.9M | 19.8M | 15.5M | 15.2M |
| Admin Expenses | 18.3M | 19.5M | 16.4M | 22.8M | 9.0M | 7.7M |
| Rd Expenses | 41.5M | 31.9M | 25.6M | 18.9M | 13.7M | 10.9M |
| Finance Expenses | -31.4M | -31.3M | -2.9M | -672,300 | 31,900 | -6,000 |
| Operating Income | 95.4M | 147.0M | 109.0M | 64.8M | 47.2M | 25.8M |
| Operating Margin % | 24.7% | 34.3% | 29.3% | 24.7% | 28.6% | 20.5% |
| Non Operating Income | 43,300 | 4.9M | 669,700 | 653,700 | 536,400 | 3,900 |
| Non Operating Expenses | 146,300 | 72,000 | 10,600 | 13,700 | 69,200 | -- |
| Investment Income | 15.0M | 3.8M | 680,800 | 1.6M | 2.6M | 1.9M |
| Fair Value Change Income | 4.1M | 1.1M | -- | 40,400 | 709,600 | 25,400 |
| Asset Disposal Income | 29,500 | 300.00 | -31,200 | 5,000 | -- | 6,700 |
| Asset Impairment Loss | 10.7M | 9.4M | 4.3M | 1.6M | 2.1M | 1.4M |
| Other Income | 19.9M | 25.5M | 23.5M | 13.1M | 7.6M | 6.5M |
| Income Before Tax | 95.3M | 152.0M | 109.0M | 65.4M | 47.6M | 25.8M |
| Income Tax | 8.5M | 18.7M | 12.7M | 8.3M | 6.0M | 3.0M |
| Net Income | 86.9M | 133.0M | 96.5M | 57.1M | 41.6M | 22.9M |
| Net Margin % | 22.5% | 31.0% | 25.9% | 21.8% | 25.2% | 18.1% |
| Net Income Attributable | 86.9M | 133.0M | 96.5M | 57.1M | 41.6M | 22.9M |
| Eps Basic | 1.48 | 2.58 | 2.18 | 1.41 | 1.04 | -- |
| Eps Diluted | 1.48 | 2.58 | 2.18 | 1.41 | 1.04 | -- |
| 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 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.1B | 1.7B | 189.0M | 137.0M | 11.4M | 12.5M |
| Trading Financial Assets | 484.0M | 97.1M | -- | 30.0M | 114.0M | 52.4M |
| Accounts Receivable | 146.0M | 114.0M | 99.3M | 51.4M | 13.8M | 20.5M |
| Notes Receivable | 41.3M | 42.8M | 36.2M | 49.4M | 39.6M | 21.6M |
| Notes And Accounts Receivable | 188.0M | 157.0M | 135.0M | 101.0M | 53.4M | 42.1M |
| Prepayments | 8.1M | 8.4M | 19.8M | 33.5M | 10.5M | 3.3M |
| Inventory | 427.0M | 457.0M | 353.0M | 249.0M | 123.0M | 81.2M |
| Total Current Assets | 2.4B | 2.6B | 837.0M | 584.0M | 336.0M | 212.0M |
| Fixed Assets | -- | 10.6M | 11.5M | 12.2M | 12.1M | 10.5M |
| Fixed Assets Total | 9.6M | 10.6M | 11.5M | 12.2M | 12.1M | 10.5M |
| Construction In Progress | -- | 86.6M | 1.1M | -- | -- | -- |
| Construction In Progress Total | 183.0M | 86.6M | 1.1M | -- | -- | -- |
| Intangible Assets | 14.4M | 14.5M | 14.1M | -- | -- | -- |
| Long Term Deferred Expenses | 157,700 | 196,200 | 417,500 | 534,600 | 170,400 | -- |
| Total Non Current Assets | 221.0M | 126.0M | 42.1M | 22.9M | 18.9M | 16.3M |
| Total Assets | 2.7B | 2.8B | 879.0M | 607.0M | 355.0M | 228.0M |
| Short Term Borrowings | -- | 1.0M | 1.3M | 479,000 | -- | -- |
| Accounts Payable | 57.2M | 47.2M | 36.8M | 17.0M | 18.1M | 5.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 89.1M |
| Contract Liabilities | 405.0M | 401.0M | 327.0M | 210.0M | 146.0M | -- |
| Total Current Liabilities | 535.0M | 541.0M | 442.0M | 312.0M | 218.0M | 122.0M |
| Long Term Borrowings | -- | 50.1M | 50.1M | -- | -- | -- |
| Total Non Current Liabilities | 5.9M | 56.3M | 57.8M | 6.1M | 2.2M | 1.4M |
| Total Liabilities | 541.0M | 597.0M | 500.0M | 318.0M | 220.0M | 123.0M |
| Paid In Capital | 59.1M | 59.1M | 44.4M | 44.4M | 40.0M | 17.2M |
| Capital Reserve | 1.8B | 1.8B | 177.0M | 177.0M | 73.5M | 28.6M |
| Surplus Reserve | 29.6M | 29.6M | 17.5M | 7.8M | 2.1M | 8.6M |
| Retained Earnings | 239.0M | 261.0M | 139.0M | 59.3M | 18.9M | 50.6M |
| Equity Attributable | 2.1B | 2.2B | 379.0M | 289.0M | 134.0M | 105.0M |
| Total Equity | 2.1B | 2.2B | 379.0M | 289.0M | 134.0M | 105.0M |
| 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 |
|---|---|---|---|---|---|---|
| Cash From Sales | 291.0M | 421.0M | 399.0M | 190.0M | 186.0M | 98.9M |
| Tax Refunds Received | 18.0M | 20.7M | 21.0M | 12.2M | 5.7M | 5.5M |
| Total Operating Cash Inflow | 344.0M | 484.0M | 430.0M | 205.0M | 196.0M | 109.0M |
| Cash Paid For Goods | 126.0M | 200.0M | 188.0M | 145.0M | 58.7M | 39.2M |
| Cash Paid To Employees | 109.0M | 95.9M | 77.9M | 57.7M | 38.1M | 34.1M |
| Taxes Paid | 40.0M | 53.3M | 53.0M | 29.4M | 15.4M | 14.7M |
| Total Operating Cash Outflow | 298.0M | 383.0M | 343.0M | 253.0M | 124.0M | 98.3M |
| Operating Cash Flow | 46.6M | 101.0M | 86.9M | -47.4M | 72.1M | 10.8M |
| Total Investing Cash Inflow | 1.9B | 40.3M | 63.8M | 287.0M | 368.0M | 228.0M |
| Total Investing Cash Outflow | 2.3B | 293.0M | 137.0M | 202.0M | 429.0M | 239.0M |
| Investing Cash Flow | -456.0M | -253.0M | -73.0M | 85.3M | -60.9M | -11.0M |
| Cash From Borrowings | -- | 76.0M | 50.0M | -- | -- | -- |
| Dividends And Interest Paid | 109.0M | 1.9M | 7.9M | 11.0M | 12.3M | 9.8M |
| Debt Repayments | 51.0M | 75.0M | -- | -- | -- | -- |
| Total Financing Cash Inflow | -- | 1.8B | 51.3M | 101.0M | 200,000 | -- |
| Total Financing Cash Outflow | 194.0M | 112.0M | 14.4M | 13.4M | 12.5M | 9.8M |
| Financing Cash Flow | -194.0M | 1.7B | 36.9M | 87.3M | -12.3M | -9.8M |
| Net Change In Cash | -603.0M | 1.5B | 50.9M | 125.0M | -1.1M | -10.0M |
| Ending Cash Balance | 1.1B | 1.7B | 187.0M | 137.0M | 11.4M | 12.5M |
| Capex | 77.1M | 87.3M | 16.8M | 3.2M | 2.9M | 166,800 |