LEADING THE INTEGRATED SUSTAINABLE ENERGY TRANSITION

Form 56-1 One Report 2021

Message from the Chairman of the Board of Directors

Throughout the past 40 years, the Company has operated in accordance with the principles of sustainable development, taking into account environmental, social, and good corporate governance responsibilities. The Company has a strong commitment to developing, adjusting, and operating the business in order to achieve continuous and stable growth for the benefit of all stakeholders. On behalf of the Board of Directors, we would like to thank the managements, employees, as well as customers, financial institutions, partners, business partners, shareholders and all stakeholders which has always promoted and supported the Company’s operations to achieve its business goals. On behalf of the Board of Directors, I would like to encourage everyone to be able to overcome various crises and return to living their lives, which includes building a business that can grow rapidly upon its return.

"Not only the energy, we care”

Dr. Gunkul Dhumrongpiyawut

Chairman of the Board of Directors

Message from Chief Executive Officer

The Corona Virus epidemic is a new threat that has never previously occurred. It had an impact on the entire world's population and severely threw the global economy into crisis. Gunkul Engineering Public Company Limited (the “Company") has been closely monitoring and assessing the situation since the pandemic began and has adopted numerous risk-prevention measures as we focus on hygiene and safety of employees and all stakeholders.

Dr. Somboon Aueatchasai

Chief Executive Officer

New Journey for Tomorrow

Renewable Energy for Sustainability

Produce and distribute renewable energy electricity in both domestically and internationally, comprising solar, wind, and biomass energy, to reduce greenhouse gas emissions and enhance the amount of effort invested into combating climate change.

Total Solution of Engineering and Turnkey

Provide comprehensive engineering, maintenance, procurement, installation and construction services for renewable energy power plants, power stations, transmission lines, and grounding systems, submarine cable microgrid system, energy storage system, and related intelligent device systems.

High Voltage Equipment

Produce, procure and sell electrical equipment for power stations, including medium to high-voltage transmission lines rated at 115 kV, grounding equipment, equipment for electricity transmission lines and distribution systems, and a variety of tools and personal protective equipment, as well as energy-saving and alternative energy products, both domestically and internationally.

Ecosystem Business Platform & Innovation

Focus on developing an ecosystem business platform that incorporates new technologies to create value-added to the business. Provide opportunities for the Company and business partners to expand beyond their boundaries in order to maximize their customer base. Additionally, there will be products and services available to meet the need of each party as well as exploring new channels to strengthen the business and become a sustainable leader in the energy business.

Cannabis

Increase opportunities and add value to the business to become the New S Curve by leveraging the potential of existing projects with plans of cultivating hemp and cannabis in a greenhouse system for highest quality control. Focus on a professional hemp and cannabis businesses for Thai people's health.

Key Financial Highlights

Financial Highlights 2021

(Million Baht)

Market Cap
(As of 16 March 2022)

53,295.19

Total Assets

42,485.35

Total Revenue

9,868.13

EBITDA

4,951.87

Outstanding Performance and Milestones in 2021

March

TRIS Rating Company Limited has upgraded the corporate credit rating from BBB to BBB +, and raising the rating of the unsubordinated, unsecured bonds from BBB- to BBB.

April

The Company approved the cannabis business plan and approved the establishment of a company to support such business operation. The establishment of the company will be held in the form of a holing company, with an initial registered capital of THB 50,000,000.00 and 2 subsidiaries.

May

The Company paid cash dividends for the year ended December 31, 2020 at the rate of THB 0.182 per share, totaling cash dividend payment not exceeding THB 1,600,000,000.00 on May 24, 2021.

July

Future Energy Corporation Co., Ltd. (“FE”), a subsidiary of the Company, jointly established a joint venture company with Origin Energy Co., Ltd., a subsidiary of Origin Property Public Co., Ltd. (“ORI”), with a registered capital of THB 1,000,000.00 to jointly develop and invest in projects to sell electricity from solar rooftop, EV charger, and parity energy trading in condominiums and villages that Origin Energy and or its associated company are the developers, construction, and management companies.

September

The Company paid an interim dividend for the half-year performance from January 1, 2021, to June 30, 2021, by paying cash dividend at the rate of of THB 0.06 per share, totaling cash dividend payment not exceeding THB 535,000,000.00 on September 9, 2021.

October

  • The Company invested 50 percent in THCG Group Co., Ltd. (“THCG”) with a value of THB 250,000,000 through an investment by G.K. Hemp Group Co., Ltd. (“GKHG”) (a subsidiary in which the Company holds 100 percent of the shares), resulting in THCG being a joint venture company to operate hemp and cannabis cultivation businesses for distribution, including production and selling products that are derived from hemp and cannabis.
  • G.K. Smart Farming Co., Ltd., a subsidiary of the Company, has been considered for approval for a license to import narcotics of category 5, specifically hemp, from the Food and Drug Administration for commercial or industrial purposes. The type of hemp that is licensed is the seeds from the United States of America.

December

G.K. Smart Farming Co., Ltd., a subsidiary of the Company, has been considered for approval for a license to produce (plant) narcotics of category 5, specifically hemp, by the Food and Drug Administration for commercial or industrial purposes. The planting pattern is a general planting plant (Greenhouse).

Not only the energy, we care

We care not only green innovation energy, but also the continued existence of the world and the better quality of life.

Download Sustainability Report 2021
  • We care Business

    Develop a full-service business that responds to stakeholders with great value

  • We care Business

    Develop people to be competent at work, talented, good interpersonal skill and excellent leadership.

  • We care Social

    Create opportunities for a harmonious society and environment for sustainable communities

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