
Investors
The long-lasting COVID-19 crisis continuing until 2021, causing both business and household sectors to suffer more cumulative economic losses. The Global and Thai Economy are still highly uncertain as the COVID-19 outbreak continues. The Omicron variant became the main variant of the outbreak. Although they do not cause severe symptoms, their ability to spread more quickly means that the number of infected people continues to increase. This could lead to mutations and further increase risks in the future, forcing the economy into a global recession. Learning to adapt and adjust disease control measures to the context ahead is important.
The Company is aware of the aforementioned risks and has planned to cope with various situations that arise, including the Business Continuity Management Plan (BCP) to enable the business to operate without interruption. During the epidemic, the company emphasizes the safety of employees as a priority. Work is planned by working from home method or meeting via online, while production line employees who still have to work in the factory (Work on Site) have strictly screening measures. Develop a manpower plan to work as a substitute for each other, build confidence for customers, ready to deliver ship repair work as scheduled, as well as to cooperate with the public in strict implementation of government measures to ensure continuity of work and to carry out both ship repair and shipbuilding production according to the plan to generate income and profits for all stakeholders.
Even this year's turnover has not grown as planned from the impact of COVID-19, ship owners control costs and expenses, limit budget for boat maintenance, choose to do only the necessary tasks, or according to the rules and regulations of the Marine Department which has lenient measures to extend the time of entering the docks including the number of foreign ships cannot be repaired in the country causing price competition among shipyards increased. As a result, the profit margin of the repaired ships was reduced, while the shipbuilding segment can still be managed as planned, ships are delivered as scheduled for every project as well as continually new shipbuilding projects.
In every situation, the company continues to operate under the concept of Sustainable Development, which has incorporated such guidelines as part of its operations. Balance the economy, society and environment through good corporate governance in accordance with corporate governance principles to create balance and sustainable values for all stakeholders.
Finally, I as the Chairman of the Board of Directors, Board and the Company's management team thank the shareholders, partners and all related parties for trusting and supporting the Company's operations well over the past 40 years, also thanks to the management and employees, everyone who is dedicated to making the company achieve goals amid challenging circumstances in 2021 and please be confident that we will continue to build a business to grow steadily and sustainably.
56-1 One Report & Annual Report
Download PDF
Financial Statement
Click to download PDF

Consolidated 2022 2021 2020 2019 2018
Total Assets (Thousand Baht) 822,951 711,998 718,285 755,159 751,993
Total Liabilities (Thousand Baht) 400,173 272,915 274,912 326,219 294,579
Shareholdes' Equity (Thousand Baht) 422,777 439,082 443,373 464,031 482,669
Issuad & Paid-up Capital (Thousand Baht) 258,291 258,291 258,291 258.291 258.291
Total Revenues (Thousand Baht) 743,947 512,167 493,695 440,771 524,897
Net Profit (Loss) (Thousand Baht) 9,542 21,557 30,621 1,060 26,450
Earning (Loss) per share (Baht) 0.037 0.083 0.119 0.004 0.101
Book Value per Share (Baht) 1.64 1.70 1.72 1.66 1.77
Shareholders


Type
Amout
No. of share
No.
(%)
1
Shareholders Thai - Thai persons 3,811 210,917,972 81.66
2
Shareholders Foregin - Foregin persons 5 20,895 0.01
3
Shareholders Thai - Thai juristic persons 8 47,352,220 18.33
4
Shareholders Foregin – Foregin juristic persons - - -
Source: Thailand Securities Depository Co.,Ltd. As of 15/3/2022
Note: Total paid-up capital 258,291,087 share , Par 1 Baht
Foraging Limit : 25% of Share

No. Major Shareholders No. of Share (%)
1 Panitvong Group 47,022,641 18.21
2 Tanpaibul Group 47,008,710 18.20
3 Mr.Kiet Srijomkhuan 12,485,700 4.83
4 Mr.Prawat Chanruang 5,667,300 2.19
5 Mr.Tavee Changpetch 5,500,000 2.13
6 Mr.Viroj Tansirikongkol 5,072,000 1.96
7 Mr.Thanakorn Yodpetch 5,000,000 1.94
8 Mr.Vichien Srimuninnimitr 4,992,900 1.93
9 Mr.Suwit Adisaitham 4,398,100 1.70
10 Mr.Siripong Rueangrit 3,600,000 1.39
Minutes of the AGM
Notice of the AGM
Dividend Policy
Not less than 40% of its net profit of each fiscal year after reserving as required by laws and loss carried forward (if any) for dividend payment
(with additional conditions)

Year 2021 2020 2019 2018 2017 2016
Bath / Share 0.10 0.10 0.05 0.10 0.20 0.12
Board of Director
Mr. Prakit Pradipasen
Mrs. Warawan Nganthavee
Mr. Sribhumi Sukhanetr
Mr.Chaiwat Chanrung
Mr. Sutin Tanphaibul

Chairman and Independent Director Education - MBA Wayne State University, Detroit, USA - BBA Silliman University, Dumaguete, The Philippines

Independent Director, Audit Committee, Chairman of Nominating and Remuneration Committee Education - Honorary Degree in Mass Communication Thammasat University - National Defense College, Bangkok - Master Degree in Public Administration Ecole Nationale des Postes et Telecommunicatons, France - Faculte'de Droits,Paris

Managing Director and Executive Director Education - MBA Ohio University USA - BBA (Accounting)

Director and Executive Director Education - Mini MBA Thammasat University - BBA The East Philippines University - Diploma in Accounting Chulalongkorn University

Director and Nomination and Remuneration Committee Education College of Computer Science Northeastern University Graduate School of Management Boston University Department of Computer Engineering Chulalongkorn University

Director Education -BBA Accounting Assumption University -MBA GOLDEN GATE UNIVERSITY
Mr.Teerapong Tanphaibul

Independent Director and Member of Audit Committee Education Master of Accounting-Financial Chulalongkorn University • Bachelor of Accounting Rajamangala University of Technology

Director and Executive Director Education - Doctor of Environmental Kasetsart University - MBA North Carolina University Wilmington - BBA Assumption University

Director and Excutive Director Education - MBA Harvard Business School, Boston, MA - Bachelor of Arts in Economics (major in international economics) Thammasat University

Managing Director and Excutive Director Education - MBA University of central Oklahoma USA - Bachelor Degree Faculty of Commerce and Accountancy Thammasat University
Mrs. Luckana Srisod
Mr. Nonn Panitvong
Mr. Win Panitvong
Mr. Suradej Tanphaibul
Corporate Governance
Award of Proud
Annual General Meeting

In 2012-2022, the Company received an appraisal of “Excellent” for the organization of its Annual General Meeting. Such appraisal was conducted the Securities Exchange Commission, the Thai Investor Association, and the Listed Companies Association.
Good Corporate Governace

In 2009-2010 And 2012, the company has been evaluated Corporate Governance by the Thai Institute of Directors (IOD) to be “Excellent” CG Scoring

In 2013-2022, the company has been evaluated Corporate Governance by the Thai Institute of Directors (IOD) to be “Good” CG Scoring
