Nanjing Panda Electronics Co., Ltd. is expected to show a net loss in the first half of 2024, ranging from RMB 64 million to RMB 76 million. After deducting non-recurring losses and gains, the expected net loss will be RMB 72 million to RMB 84 million. This forecast is based on preliminary estimates by the company's financial department and has not been audited by registered accountants. Compared with the same period last year, the company faces intensified market competition, particularly in the liquid crystal display sector, where the revenue and profits of existing customers have decreased and new customer development has not met expectations. The company is actively adjusting its product structure, expanding into new areas such as automobile electronics, in order to...Show More

Nanjing Panda Electronics Co., Ltd. is expected to show a net loss in the first half of 2024, ranging from RMB 64 million to RMB 76 million. After deducting non-recurring losses and gains, the expected net loss will be RMB 72 million to RMB 84 million. This forecast is based on preliminary estimates by the company's financial department and has not been audited by registered accountants. Compared with the same period last year, the company faces intensified market competition, particularly in the liquid crystal display sector, where the revenue and profits of existing customers have decreased and new customer development has not met expectations. The company is actively adjusting its product structure, expanding into new areas such as automobile electronics, in order to achieve new business growth. In addition, the adjustment of the industrial Internet and intelligent manufacturing business sectors has not yet formed a market scale, which has an impact on net profit. The company emphasizes that these data are only preliminary calculations, and specific financial data will be disclosed in the formal semi-annual report.