Nanjing Panda Electronics to Shrink Loss in 2024

MT Newswires Live

2025/01/17

Nanjing Panda Electronics (HKG:0553, SHA:600775) expects an attributable loss of between 150 million yuan and 220 million yuan for 2024, narrower than 237.9 million yuan a year prior, a Friday bourse filing said.

The Chinese electronic equipment maker attributed the anticipated loss mainly to a lower revenue and gross profit from its intelligent manufacturing, power supply, and communication businesses due to fierce competition.

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