, the Company might have to further purchase and collect adjoining land thereto from external parties to ensure the large-scale land acquisition for an additional office in the future for such purpose. In
profit of the large- scale project was very low because it was selling only hardware and the price competition is very high in the - 2 - project auction. As the result, the cost of sales and services was
slightly decreased compared to Q1–2019 by34.8 MB or 2.7%. This is because in Q4–2019, the Company had delivered many large-scale projects which are continually operated from Q2–2019 and Q3–2019. In terms of
the gross profit of the project in Q2–2021 was lower than Q1–2021 and Q2–2020. However, the revenue in Q2–2021 is very high when compared to other quarters which it can be cover all SG&A expenses. In
increased in line with the increased in revenue at a very similar rate when compare to Q2–2020 and Q3–2019. This is because gross margin of the delivered projects in each quarter is not different. In addition
, the revenue recognition in Q2–2020 decreased. In terms of total operating expenses in Q2–2020, it decreased in line with the decreased in revenue at a very similar rate when compare to Q1–2020 and Q2
plans to move molds from Thailand to India to increase production capacity for automotive models in the Indian’s main market and create economy of scale. Also, the cost of production in India is lower
. What is more, the Company plans to move molds from Thailand to India to increase production capacity for automotive models in the Indian’s main market and create economy of scale. Also, the cost of