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Michael- inventory impairment was 47.2 mil (scrap stock). If you remove this number from QR report, company still making loss of 12.8 mil. This was contributed by drop in margin, from 20% drop to 15.9%.
Michael-Cheng is correct. Q1 2026 expect lower sales due to long CNY holiday in China. As u can see, the company unable to sustain 1bil sales（strengthen MYR ) , margin drop to 15.9%, making loss 60mil. Stabil also mean NO PROGRESS, NO GROWTH. NO new machines, NO new plant, NO new product, NO new Cash Cow and Star products to push higher margin.
那么快己经看到三羊开泰了？before Chap Go May below 4. 有点恐怖哦？ today QR after trading hours, but seems is dumping day, not a good sign le. After QR next week, continue dumping another 15%, price will be 0.39???