I did not expect the loss of last quarter to be a surprise to some investors. Interesting.
The company has been selling its inventory or products from processing its inventory in the past two quarters. Those inventory was produced when its production cost was still sky high.
Next quarter, we will see improved income statement, given the production cost has significantly dropped and the reduced financial cost.
But we might see a slightly worse cash flow statement, due to there is no much inventory left to sell going forward. Just do not be surprised again, please.
Ann: 2020 Annual Financial Report Announcement, page-84
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