) AAPICO HITECH PUBLIC COMPANY LIMITED Ref No: AH 01032020 March 3, 2020 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2019 ended as of December 31, 2019 To
No: AH 03052021 May 17, 2021 Subject: Management Discussion & Analysis (MD&A) for the financial statements of the 1st quarter of fiscal year 2021 ended as of March 31, 2021 To: The President The Stock
No: AH 03052022 May 17, 2022 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 1st Quarter of Fiscal Year 2022 Ended as of March 31, 2022 To: The President The Stock
& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows
of Finance (11,730.46) (53,453.22) (50,852.08) (48,604.38) Income (Expense) Tax Revenue (95.68) (126.16) 9.88 9.04 Net Profit 50,264.12 247,243.17 253,313.55 196,669.93 Based on the above financial
Statement Cash Flows Statement Accounting Financial Ratios Business Performance Executive Summary Statement of Income 19 of Financial Position Environment Management 3 3 | Management Discussion and Analysis
Solar Power in Japan (ISP1) that finished construction and started COD since Q4/2017. Finance lease receivable, net decreased by Baht 437 million or 7% due to a gradual decline in the EGAT’s financial
administrative expenses totaling Bt570.2 million, an increase of Bt69.8 million or 13.9%(y-o-y) and operating profit before financial costs, EBIT amounted to Bt386.5 million, a decrease of Bt53. 6 million or 12. 2
expenses totaling Bt677.2 million, an increase of Bt114.1 million or 20.3%(y-o-y) and operating profit before financial costs, EBIT Aviation Refueling Services 81% Fuel Pipeline Transportation Services 19
policy. Meanwhile, the Thai economy began to show financial signals after the Monetary Policy Committee decided to maintain the policy rate. This is a result of the Thai economy has continued to grow well