, but due to low utilizing production rate causing higher in factory overhead cost. That is the reason why our cost of goods sold of Q1/2020 is a little bit lower than Q1/2019 (1.92%) but higher than Q4
materials, expendable tools and work in process with little finished goods pending for customer delivery. The group companies normally write-off out-of-date inventory, and make provision for aged inventory
a better working capital management to reduce the cost of fund. In Q3/2019 GC had a current ratio at 1.40 times compared to 1.43 times of ending 2018, a little bit decrease resulting from the rise in
- date relevant information. • Recognise that unregulated investments are higher risk as there is little investor protection. • Accept responsibility for the financial outcome of an investment decision an
went on at higher level than previous year, somewhat improved indicates the recovery trend, but not too much while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with
while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with high probability towards 2018 and afterwards, if China and major steel producing countries do not adequately
investment in subsidiary 8 - - Other income 52,184 17,817 66% Total income 4,993,813 9,039,512 -81% Expenses Cost of sale - Cost of goods sold 3, 4 4,636,652 8,758,030 -89% - Idle cost 247,215 - 100% - Loss on
higher than the year 2017. Debt to Equity Ratio In 2018, the Company had a ratio of debt to equity was 0.27 times a little lower than the year 2017 having 0.29 times which showed that the proportion of
process with little finished goods pending for customer delivery. The group companies normally write-off out-of-date inventory, and make provision for aged inventory and depletion in the value of fixed
' order, consequently, the majority of inventory are raw materials, expendable tools and work in process with little finished goods pending for customer delivery. The group companies normally write-off out