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 | 315.0M | 245.0M | 213.0M | 155.0M | 97.7M | 73.7M |
| Revenue Growth % | 28.6% | 15.0% | 37.4% | 58.7% | 32.5% | -- |
| Total Revenue | 315.0M | 245.0M | 213.0M | 155.0M | 97.7M | 73.7M |
| Cost Of Revenue | 91.5M | 70.6M | 50.4M | 44.8M | 29.4M | 23.7M |
| Gross Profit | 223.5M | 174.4M | 162.6M | 110.2M | 68.3M | 50.0M |
| Gross Margin % | 70.9% | 71.2% | 76.4% | 71.1% | 69.9% | 67.9% |
| Total Operating Cost | 226.0M | 192.0M | 169.0M | 134.0M | 91.8M | 87.7M |
| Selling Expenses | 38.2M | 31.6M | 27.9M | 23.3M | 13.4M | 14.5M |
| Admin Expenses | 52.1M | 48.8M | 49.2M | 36.5M | 23.9M | 25.2M |
| Rd Expenses | 42.9M | 44.2M | 40.7M | 23.5M | 21.3M | 19.8M |
| Finance Expenses | -13.8M | -13.6M | -7.5M | 1.3M | 1.4M | 1.7M |
| Operating Income | 100.0M | 61.1M | 52.1M | 23.4M | 10.3M | -11.8M |
| Operating Margin % | 31.7% | 24.9% | 24.4% | 15.1% | 10.6% | -15.9% |
| Non Operating Income | 99,400 | 82,900 | 14,100 | 73,400 | 5,600 | 4,400 |
| Non Operating Expenses | 85,600 | 263,300 | 809,800 | 457,400 | 12,000 | 65,100 |
| Investment Income | 386,800 | 262,100 | 6.6M | 1.1M | 37,000 | 52,600 |
| Fair Value Change Income | -88,100 | 259,200 | -1.1M | 1.0M | 103,800 | 62,100 |
| Asset Disposal Income | -267,300 | -- | -- | 3,300 | -- | -- |
| Asset Impairment Loss | 8.9M | 6.9M | 4.0M | 1.7M | 1.1M | 1.2M |
| Other Income | 10.7M | 7.4M | 2.6M | 687,100 | 4.4M | 2.1M |
| Income Before Tax | 100.0M | 60.9M | 51.3M | 23.0M | 10.3M | -11.8M |
| Income Tax | 14.0M | 6.8M | 3.1M | 1.3M | 951,100 | -1.2M |
| Net Income | 86.5M | 54.2M | 48.2M | 21.6M | 9.4M | -10.6M |
| Net Margin % | 27.5% | 22.1% | 22.6% | 13.9% | 9.6% | -14.4% |
| Net Income Attributable | 85.2M | 52.5M | 47.1M | 20.8M | 8.6M | -10.8M |
| Minority Interest | 1.3M | 1.7M | 1.1M | 846,500 | 817,000 | 175,100 |
| Eps Basic | 0.23 | 0.14 | 0.13 | 0.07 | 0.03 | -0.04 |
| Eps Diluted | 0.23 | 0.14 | 0.13 | 0.07 | 0.03 | -0.04 |
| 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 | 103.0M | 259.0M | 335.0M | 65.3M | 15.9M | 17.5M |
| Trading Financial Assets | 2.0M | 8.1M | 3.5M | 546.0M | 5.7M | 2.8M |
| Accounts Receivable | 91.7M | 56.9M | 47.4M | 28.9M | 16.4M | 9.4M |
| Notes Receivable | 175,000 | -- | -- | 3.9M | 450,000 | -- |
| Notes And Accounts Receivable | 91.8M | 56.9M | 47.4M | 32.9M | 16.8M | 9.4M |
| Prepayments | 5.3M | 1.5M | 3.7M | 3.0M | 507,700 | 686,000 |
| Inventory | 93.9M | 106.0M | 89.8M | 46.0M | 21.7M | 21.9M |
| Total Current Assets | 590.0M | 434.0M | 483.0M | 704.0M | 75.6M | 62.1M |
| Fixed Assets | -- | 202.0M | 203.0M | 187.0M | 95.6M | 99.2M |
| Fixed Assets Total | 206.0M | 202.0M | 203.0M | 187.0M | 95.6M | 99.2M |
| Construction In Progress | -- | 8.7M | 1.7M | 12.5M | 88.7M | 6.7M |
| Construction In Progress Total | 3.3M | 8.7M | 1.7M | 12.5M | 88.7M | 6.7M |
| Intangible Assets | 11.4M | 11.8M | 12.4M | 10.6M | 10.3M | 10.3M |
| Long Term Deferred Expenses | 14.8M | 19.7M | 25.3M | 2.3M | 1.8M | 2.4M |
| Total Non Current Assets | 592.0M | 668.0M | 565.0M | 280.0M | 207.0M | 127.0M |
| Total Assets | 1.2B | 1.1B | 1.0B | 984.0M | 282.0M | 189.0M |
| Short Term Borrowings | 391,000 | 407,200 | 629,200 | 4.8M | 9.9M | 9.9M |
| Accounts Payable | 13.1M | 7.9M | 14.4M | 16.1M | 31.3M | 12.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.7M |
| Contract Liabilities | 6.1M | 885,600 | 2.0M | 1.3M | 614,200 | -- |
| Total Current Liabilities | 40.8M | 36.8M | 33.3M | 33.6M | 146.0M | 71.7M |
| Total Non Current Liabilities | 43.5M | 59.3M | 67.4M | 61.3M | 10.9M | 2.5M |
| Total Liabilities | 84.3M | 96.2M | 101.0M | 94.9M | 157.0M | 74.2M |
| Paid In Capital | 366.0M | 366.0M | 366.0M | 366.0M | 24.1M | 24.1M |
| Capital Reserve | 484.0M | 480.0M | 477.0M | 474.0M | 119.0M | 114.0M |
| Surplus Reserve | 16.4M | 9.7M | 6.0M | 2.1M | -- | -- |
| Retained Earnings | 221.0M | 142.0M | 93.6M | 50.4M | -14.1M | -22.7M |
| Minority Equity | 10.0M | 8.3M | 6.3M | 4.6M | 3.7M | 3.0M |
| Equity Attributable | 1.1B | 998.0M | 941.0M | 885.0M | 122.0M | 112.0M |
| Total Equity | 1.1B | 1.0B | 947.0M | 889.0M | 126.0M | 115.0M |
| 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 | 316.0M | 256.0M | 216.0M | 153.0M | 97.0M | 77.5M |
| Tax Refunds Received | 561,600 | 317,000 | 12.3M | 1.1M | 544,500 | 507,800 |
| Total Operating Cash Inflow | 320.0M | 268.0M | 248.0M | 161.0M | 115.0M | 83.4M |
| Cash Paid For Goods | 65.8M | 66.7M | 85.5M | 53.9M | 25.1M | 19.7M |
| Cash Paid To Employees | 105.0M | 101.0M | 84.9M | 57.3M | 43.7M | 41.8M |
| Taxes Paid | 53.5M | 17.4M | 15.3M | 10.2M | 5.1M | 1.3M |
| Total Operating Cash Outflow | 254.0M | 224.0M | 219.0M | 161.0M | 91.6M | 80.6M |
| Operating Cash Flow | 66.0M | 43.4M | 28.5M | -702,000 | 23.1M | 2.8M |
| Total Investing Cash Inflow | 291.0M | 171.0M | 823.0M | 274.0M | 28.5M | 32.7M |
| Total Investing Cash Outflow | 406.0M | 212.0M | 733.0M | 859.0M | 97.3M | 55.6M |
| Investing Cash Flow | -114.0M | -40.6M | 89.3M | -585.0M | -68.8M | -22.8M |
| Cash From Borrowings | 4.6M | 4.7M | 6.7M | 10.9M | 89.0M | 16.6M |
| Dividends And Interest Paid | -- | -- | 51,500 | 1.8M | 3.3M | 2.8M |
| Debt Repayments | 4.6M | 5.0M | 10.9M | 86.0M | 49.0M | 32.4M |
| Total Financing Cash Inflow | 4.6M | 4.7M | 6.7M | 759.0M | 125.0M | 34.7M |
| Total Financing Cash Outflow | 21.6M | 16.1M | 20.4M | 121.0M | 79.1M | 40.2M |
| Financing Cash Flow | -17.0M | -11.4M | -13.6M | 638.0M | 45.5M | -5.5M |
| Net Change In Cash | -64.5M | -7.5M | 110.0M | 49.4M | -1.6M | -25.2M |
| Ending Cash Balance | 103.0M | 168.0M | 175.0M | 65.3M | 15.9M | 17.5M |
| Capex | 13.5M | 19.1M | 48.7M | 50.6M | 72.5M | 16.1M |