margin (excluding depreciation) in year 2018 was achieved at THB 886/ton, lower by 58% from last year due to the increase in the cash conversion cost which has increased by 18% from the last year which are

trend. - HRC cash margin (excluding depreciation) in year 2018 was achieved at THB 886/ton, lower by 58% from last year due to the increase in the cash conversion cost which has increased by 18% from the

loss resulted from high fixed cost especially depreciation of both company and subsidiary so revenue from the decreased of production volume/sale volume could not cover the cost, together with Graphite

- current assets is mainly due to the depreciation for property, plant and equipment.  Total Liabilities As of 31 March 2019, the Company has total liability amounting to THB 4,359 million which is divided

% Cost of sale - idle costs 242 125 (93%) Cost of sale - (Reverse of) loss on devaluation of inventories (73) 160 145% Total cost of sale 13,555 29,628 54% Selling expenses 174 362 52% Administrative

expenses in order to accommodate the Company’s expansion and the Company has set aside loss on devaluation of obsolete inventories so on. Net Profit and Net Profit Margin For 3-month period ended March 31

of 2018 for THB 1.71 million due to realized stock loss that had set the allowance for devaluation of inventories (NRV) as of March 31, ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน

while in 2019 is at 8.2% of revenue from sales, increased from the same period last year by Baht 10.1 million or 31.8%. The change due to loss from exchange rate, devaluation in short-term investments and

of previous year by Baht 12 million or more than 100% due to allowance for doubtful accounts and allowance for devaluation of goods. 2. Financial Analysis (Unit: Million Baht) Items 31 December 2020 31

as the Labor Protection Act (No. 7) B.E. 2562 and has set aside loss on devaluation of obsolete, defective and slow-moving inventories so on. Net Profit and Net Profit Margin For the year ended