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 | 432.0M | 360.0M | 324.0M | 314.0M | 209.0M |
| Revenue Growth % | 20.0% | 11.1% | 3.2% | 50.2% | -- |
| Total Revenue | 432.0M | 360.0M | 324.0M | 314.0M | 209.0M |
| Cost Of Revenue | 318.0M | 262.0M | 248.0M | 222.0M | 134.0M |
| Gross Profit | 114.0M | 98.0M | 76.0M | 92.0M | 75.0M |
| Gross Margin % | 26.4% | 27.2% | 23.5% | 29.3% | 35.9% |
| Total Operating Cost | 410.0M | 336.0M | 309.0M | 282.0M | 187.0M |
| Selling Expenses | 25.5M | 20.1M | 17.9M | 17.0M | 15.6M |
| Admin Expenses | 24.7M | 20.4M | 18.7M | 16.1M | 12.4M |
| Rd Expenses | 45.9M | 32.7M | 23.7M | 23.5M | 17.3M |
| Finance Expenses | -8.5M | -2.8M | -2.3M | 49,700 | 348,800 |
| Operating Income | 29.2M | 31.7M | 17.2M | 38.2M | 24.7M |
| Operating Margin % | 6.8% | 8.8% | 5.3% | 12.2% | 11.8% |
| Non Operating Income | 3.9M | 1.4M | 2.2M | 800,000 | 1.5M |
| Non Operating Expenses | 26,200 | 146,000 | 157,600 | 92,100 | 48,300 |
| Investment Income | 4.2M | 404,600 | 2.2M | 1.8M | 1.8M |
| Fair Value Change Income | -161,800 | 224,000 | -725,800 | 659,900 | 235,300 |
| Asset Disposal Income | 75,500 | -14,100 | -3,100 | 17,000 | -15,300 |
| Asset Impairment Loss | 754,800 | 89,700 | 549,700 | 360,700 | 46,600 |
| Other Income | 3.2M | 7.2M | 1.0M | 3.1M | 838,600 |
| Income Before Tax | 33.0M | 33.0M | 19.3M | 38.9M | 26.2M |
| Income Tax | -432,300 | 324,800 | -4.0M | 3.9M | 2.9M |
| Net Income | 33.5M | 32.7M | 23.3M | 35.0M | 23.3M |
| Net Margin % | 7.7% | 9.1% | 7.2% | 11.1% | 11.2% |
| Net Income Attributable | 33.5M | 32.7M | 23.3M | 35.0M | 23.3M |
| Eps Basic | 0.38 | 0.49 | 0.35 | 0.55 | 0.37 |
| Eps Diluted | 0.38 | 0.49 | 0.35 | 0.55 | 0.37 |
| 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 | 94.9M | 387.0M | 7.8M | 16.7M | 12.9M |
| Trading Financial Assets | 102.0M | 205.0M | 10.1M | 74.4M | 56.4M |
| Accounts Receivable | 196.0M | 152.0M | 110.0M | 119.0M | 82.1M |
| Notes Receivable | 17.5M | 22.8M | 8.2M | 15.2M | 13.1M |
| Notes And Accounts Receivable | 213.0M | 175.0M | 118.0M | 134.0M | 95.3M |
| Prepayments | 15.5M | 3.7M | 3.7M | 4.1M | 1.6M |
| Inventory | 61.6M | 39.6M | 34.6M | 40.6M | 16.4M |
| Total Current Assets | 552.0M | 884.0M | 258.0M | 289.0M | 196.0M |
| Fixed Assets | -- | 232.0M | 198.0M | 86.2M | 22.7M |
| Fixed Assets Total | 315.0M | 232.0M | 198.0M | 86.2M | 22.7M |
| Construction In Progress | -- | 40.8M | 26.4M | 93.6M | 48.1M |
| Construction In Progress Total | 2.2M | 40.8M | 26.4M | 93.6M | 48.1M |
| Intangible Assets | 17.1M | 11.7M | 12.2M | 9.5M | 8.1M |
| Long Term Deferred Expenses | 3.6M | 3.2M | -- | -- | -- |
| Total Non Current Assets | 692.0M | 396.0M | 305.0M | 247.0M | 91.1M |
| Total Assets | 1.2B | 1.3B | 562.0M | 536.0M | 287.0M |
| Short Term Borrowings | 154.0M | 93.9M | 32.7M | 15.8M | 7.4M |
| Accounts Payable | 51.7M | 100.0M | 48.0M | 64.3M | 19.1M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 3.5M | 772,000 | 338,500 | 1.5M | 452,000 |
| Total Current Liabilities | 253.0M | 222.0M | 110.0M | 114.0M | 44.6M |
| Long Term Borrowings | -- | 36.0M | 7.6M | -- | -- |
| Total Non Current Liabilities | 12.8M | 41.2M | 11.0M | 174,500 | -- |
| Total Liabilities | 266.0M | 264.0M | 121.0M | 114.0M | 44.6M |
| Paid In Capital | 88.1M | 88.1M | 66.1M | 66.1M | 61.0M |
| Capital Reserve | 792.0M | 792.0M | 270.0M | 270.0M | 125.0M |
| Surplus Reserve | 19.2M | 15.8M | 12.5M | 10.1M | 6.3M |
| Retained Earnings | 123.0M | 110.0M | 80.6M | 66.4M | 42.5M |
| Minority Equity | 4.1M | -- | -- | -- | -- |
| Equity Attributable | 974.0M | 1.0B | 441.0M | 422.0M | 242.0M |
| Total Equity | 978.0M | 1.0B | 441.0M | 422.0M | 242.0M |
| 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 | 296.0M | 213.0M | 240.0M | 190.0M | 125.0M |
| Tax Refunds Received | 2.1M | 12.1M | 5.4M | 3.2M | 882,600 |
| Total Operating Cash Inflow | 316.0M | 233.0M | 250.0M | 197.0M | 131.0M |
| Cash Paid For Goods | 233.0M | 210.0M | 216.0M | 231.0M | 114.0M |
| Cash Paid To Employees | 57.9M | 45.8M | 42.3M | 38.2M | 26.9M |
| Taxes Paid | 6.3M | 27.1M | 15.3M | 14.0M | 12.9M |
| Total Operating Cash Outflow | 340.0M | 318.0M | 299.0M | 306.0M | 175.0M |
| Operating Cash Flow | -24.7M | -84.5M | -48.5M | -109.0M | -44.0M |
| Total Investing Cash Inflow | 536.0M | 168.0M | 356.0M | 516.0M | 361.0M |
| Total Investing Cash Outflow | 741.0M | 446.0M | 445.0M | 635.0M | 355.0M |
| Investing Cash Flow | -205.0M | -277.0M | -89.8M | -119.0M | 5.6M |
| Cash From Borrowings | 262.0M | 262.0M | 240.0M | 93.9M | 52.6M |
| Dividends And Interest Paid | 18.9M | 2.9M | 8.7M | 8.2M | 9.7M |
| Debt Repayments | 227.0M | 89.4M | 100.0M | 5.3M | 136,900 |
| Total Financing Cash Inflow | 262.0M | 834.0M | 240.0M | 244.0M | 52.7M |
| Total Financing Cash Outflow | 327.0M | 92.9M | 109.0M | 14.0M | 9.8M |
| Financing Cash Flow | -65.0M | 741.0M | 131.0M | 230.0M | 42.9M |
| Net Change In Cash | -294.0M | 379.0M | -7.2M | 2.2M | 4.5M |
| Ending Cash Balance | 92.6M | 387.0M | 7.8M | 15.1M | 12.9M |
| Capex | 92.2M | 62.5M | 88.7M | 67.0M | 31.4M |