). Changes in foreign currency exchange rates had a minor impact on the revenue recognition in Thai baht terms in the current quarter (Table 1). To minimize the impact of COVID-19 in the second quarter of 2020

Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company

of 618 million baht or 2.47 baht per share. The financial performance can be summarized as follows. Overview Overall, the Thai economy in the first quarter expanded by 3.3%, higher than 3.0% growth in

the total revenue for the three-month period ended 31 March 2020 increased 8.70% from the same period of previous year. From the fact that the Thai Baht value depreciated against US Dollar since the

Period (Day) 58 58 66 CASH CYCLE (Day) 9 14 18 PROFITABILITY RATIO Gross Profit Margin (%) 8.57 7.82 10.37 Net Profit Margin (%) 4.61 3.56 5.94 Return on Equity (%) 6.03 5.01 8.05 EFFICIENCY RATIO Return

Financial Structure consists of loan from financial institute at approximately 60 percent, grant fund from ARENA at 10 percent and equity investment at approximately 30 percent. The construction has already

. However, EBITDA declined by 5.8% yoy to THB 135 million due to higher administrative expenses and higher share of net losses from investments by the equity method. The Company reported net loss of THB 55

first quarter ended March 31, 2019 with those of 2018. This report discusses principal changes in the reviewed consolidated financial statements. Overall market environment The Thai economy for the first

1,223 Unit : million Baht 30-Sep-18 31-Dec-17 Total Assets 30,469 32,172 Total Liabilities 19,347 19,781 Total Equity 11,122 12,391 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public

remained flat YoY at THB 1,920.5 million despite the impact of Kyat devaluation against Thai Baht (at constant FX, total Myanmar sales would have grown 9.1% YoY). Moreover, Cambodia sales remained a