Summary by Moomoo AI
Nanjing Panda Electronics Co., Ltd. recently received a regulatory letter from the Shanghai Stock Exchange regarding the information disclosure of its 2023 annual report. The company's independent directors responded to the issues raised in the letter, particularly regarding other receivables. The annual report shows that the balance of other receivables at the end of the period was 31.4907 million yuan, among which the balance of the top five debtors at the end of the period was 18.1418 million yuan, accounting for 57.61%. After reviewing relevant details and contracts, the independent directors believe that the debtors in other receivables have no relationship with the company and there is no non-operating fund occupation. The main reason for the long-term billing is due to the impact of contract execution period, which lead to longer-term projects occupying longer time of margin and deposit.