Summary by Moomoo AI
Nanjing Panda Electronics Co., Ltd. released a summary of the 2024 interim report, showing that the company and its subsidiaries had operating income of RMB 1,250,346,512.09 during the reporting period, a decrease of 8.26% compared to the same period last year. The net profit attributable to shareholders of the listed company was negative RMB 68,198,110.51, with a significant decrease compared to the same period last year. The net cash flow from operating activities also decreased. During the reporting period, the company faced challenges of intensified market competition and business model transformation, especially in the liquid crystal display sector, where existing customer market competition was fierce, and the expansion of new customers did not meet expectations. In addition, the company did not distribute profits or convert the public reserve fund into share capital. The board of directors, supervisory board, directors, supervisors, and senior management ensure the authenticity, accuracy, and completeness of the interim report, with no false records, misleading statements, or major omissions.