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Nanjing Panda Electronics Co Ltd

Nanjing Panda Electronics Company Limited, together with its subsidiaries, engages in the smart transportation and safe city, industrial internet and intelligent manufacturing, and green and service-oriented electronic manufacturing businesses in China. It provides industrial automation equipment, sheet metal processing; railway transportation system integration; SMT processing, injection molding business, military civilian integration communication products; electronic industry; and property leasing. The company also engages in the development and production of fully automatic washing machines and related components. Nanjing Panda Electronics Company Limited was founded in 1936 and is headquartered in Nanjing, the People's Republic of China.

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Nanjing Panda first-half revenue hits 1.339 billion yuan, loss narrows to 26.02 million yuan

Nanjing Panda released its 2026 interim report, showing first-half operating revenue of 1.339 billion yuan, up 28.4 percent year on year. Net loss attributable to the parent narrowed to 26.02 million yuan, compared with a loss of 45.58 million yuan in the same period last year. Second-quarter revenue was 745 million yuan, up 16.9 percent year on year, while the net loss attributable to the parent was 12.68 million yuan, wider than the loss in the same quarter a year earlier. As of the end of the second quarter, the company's total assets stood at 5.46 billion yuan and net assets attributable to the parent at 3.089 billion yuan. The company said revenue growth was driven by an increase in delivery and settlement projects in electronic manufacturing and communications businesses, and that industrial restructuring and organisational optimisation have begun to show results, with lower operating expenses having a positive impact on net profit. At the same time, the company is advancing research and development and business transformation in areas such as satellite communications, broadband wireless communications, automotive electronics and power electronics, and has won bids for multiple key projects.
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Nanjing Panda projects a first-half 2026 loss of 24 million to 28.8 million yuan

Nanjing Panda issued an announcement projecting a first-half 2026 loss of 24 million to 28.8 million yuan, narrowing the loss by 36% to 48% compared with the same period last year. After deducting non-recurring items, the loss is expected to be 34 million to 38.8 million yuan, a reduction of 36% to 45%. The company said that in the first half, revenue from both its electronics manufacturing and communications businesses grew, with the electronics manufacturing business turning a profit and the communications business narrowing its loss year-on-year. However, the smart manufacturing business is in a transition and adjustment period, with few completed acceptance and settlement projects, which has had some impact on net profit, and the communications business overall continues to face operational pressure. In the first quarter of 2026, the company achieved revenue of 595 million yuan, with a net loss attributable to the parent company of 13.33 million yuan.
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