) 19.87 (10.41) Loss on death of animals (7.14) (2.82) (4.32) 153.19 Depreciation (41.51) (38.46) (3.05) 7.93 Gross profit 37.62 226.65 (189.03) (83.40) Selling and administrative expenses (180.52) (149.33
the development of land and building of animal shelters on the land, bought by the Company in 2016 with the purpose to raise and breed the Company’s excess animals, were not able to proceed as planned
million or 8.30% because sales of customer in oil packaging dropped from slacked domestic market and sales of customer in packaging for milk and yogurt segment dropped due to the contraction of export. For
consolidated gross profit margin was 14.48%, increased from the same period of last year at 13.75% as the company implemented better production cost control for new products of automotive parts and milk and
for milk and yogurt segment and also the production cost of painting segment was higher owing to production efficiency, quality cost during the early stage of new model mass production and modification
mainly from auto part tooling revenue recognition and packaging for milk and milk yogurt. For business in China, Sales of Tianjin plant decreased from the closure of the factory at the beginning of the
automotive parts, painting, tooling and packaging for milk and yogurt increased from last year as many new products had started commercial sales. 2. The consolidated gross profit margin was 16.29%, decreased
sales of customer in oil packaging dropped from slacked domestic market and sales of customer in packaging for milk and yogurt segment dropped due to the contraction of export. For plastic automotive part
dropped from slacked domestic market during Quarter 3. However, the market situation started to recover in the late of the Quarter 4. Moreover, sales of customer in packaging for milk and yogurt segment
or 8.23% because many new products started commercial sales since late of year 2018 particularly sales of spray painting, automotive parts and packaging for milk and yogurt segment. However, sales of