The operation results for the first quarter 2022 compared with the same quarter of 2021

The Stock Exchange of Thailand

Thai Mitsuwa Public Company Limited (TMW) summarizes the operation results for the three-month

period from 1 April 2022 to 30 June 2022

compared with the same period of 2021 as follows :

Income Statement (April - June )

Revenue from sales - plastic parts

Revenue from sales - magnesium parts

Revenue from sales - molds

Cost of sales - plastic parts

Cost of sales - magnesium parts

Cost of sales - mold parts

Gross profit - plastic parts

Gross profit - magnesium parts

Gross profit - mold parts

The first quarter of 2022 performance from April 1, 2022 to June 30, 2022, the company's business performance has declined 47.61% from the same period last year.

Sales increased by 128.08 million baht or 18%. Domestic plastic parts sales increased by 4.11% and exports increased by 8.9%. Domestic magnesium parts sales increased by 35.09% and exports increased by 50.78%. Domestic moulds decreased by 61.39% and exports increased by 4.13%.

Total cost of sales increased by 140.72 million baht or 23.87%, higher rate than sales. This resulted in a 10.38% drop in gross profit. When considering the items with a high proportion and increasing above the

rate of increase in sales : plastic and magnesium raw materials increasing approximately by 26%,

overtime for sub contract employees increasing approximately by 36%,

approximately by 35%, maintenance of machinery and equipment used in the production of plastic and magnesium parts increasing approximately by 102%, packing material and ink increasing approximately by 34%%, and the cost of importing parts increasing approximately by 50%

Selling expenses increased by 5.58 million baht or 31.77%. There are the important items :

Administrative expenses increased by 1.62 million baht or 2.78%. There are the important items :

Some financial ratios as of June 30, 2022 compared to March 31, 2022 :

(cash + current investment + trade receivables) /

Gross profit / revenue from sales

Operating profit / revenue from sales

Cashflow from operating / operating profit

Net profit / revenue from sales

Debt to equity ratio (times)

Liquidity ratio increased from 2.17 times to 2.29 times; Current ratio increased from 1.67 times to 1.85

times. Debt to equity ratio remained stable at 0.27 times.

Gross margin dropped from 17.14% to 13.02%;

cash-to-profit ratio increased from 278.04% to 371.79%; net

The management continues monitoring closely the progress of the coronavirus disease 2019

epidemic situation and implementing the cost reduction

policy in all departments and requests the

cooperation from the employees to adjust working according to the uncertain situation and affect the business environment.

Thai Mitsuwa pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:52:08 UTC.