. The reason why the company's net profit margin has decreased is the company's sales decline and the impact of weather conditions that cause raw material shortages. In addition, the price of raw
than the volume in Q3 2020. The main reason for the lower than plan revenue was largely due to microchip shortages and the 4th wave of Covid-19 starting in July 2021. Demand for cars remained strong
shortages back in year 2018 has now resumed back to its normal condition as compared. Consequently, the Company has continuously shown an overall upstream performance as compared. Please be informed
and that the impacts derived from the material shortages back in year 2018 has now resumed back to its normal condition. Consequently, the Company has shown an overall upstream performance as compared
shortages. Hence, Portugal operation generated a significant loss in this quarter. 2) Higher SG&A 3) Higher tax expenses However, there are also several positive factors: 1) Strong performance of our
impacts derived from the material shortages back in year 2018 has now resumed back to its normal condition. Consequently, the Company has continuously shown an overall upstream performance as compared
recent operation and that the impacts derived from the materials shortages back in year 2018 has now resumed back to its normal condition as compared. Consequently, the Company has continuously shown an
Portugal operations were impacted by microchip shortages and the 4th wave of Covid-19 starting in July 2021, hence a relatively lower base in Q3 2021, and management’s effort to diversify into more product
customer order and low base in Q2 2022 due to the lockdown in Shanghai during April last year. However, Portugal operations decreased by 8.8% due to shortages of some parts of automaker. 2) Car Dealerships
; shortages or disruptions of supplies to customers; operational risks of production facilities; costs and difficulties of integrating future acquired businesses and technologies; project and other risks