Intense competition has led to continuous losses for Nanjing Panda Electronics, and jiegoutiaozheng of the Business structure still needs to break through. | Interpretations

1. Nanjing Panda Electronics expects a net income of approximately -0.22 billion yuan to -0.15 billion yuan in 2024, experiencing losses for two consecutive years, but the loss amount has narrowed compared to last year; 2. The company states that the Intelligent Manufacturing business and the power and communication business are facing intense competition in the current market, leading to a decrease in revenue and gross profit; 3. Despite the company's active adjustments to its business structure, the long transition period for market transformation has resulted in disappointing new customer expansion.

cls.cnJan 17 10:57 ET

High concentration of clients and delays in demand planning adjustments. China Spacesat expects net profit to decrease by about 80% in 2024 | Interpretations

① China Spacesat's performance in 2024 is under pressure, with a net income expected to decrease by about 80% year-on-year; ② mainly affected by factors such as high customer concentration and delays in demand planning adjustments.

cls.cnJan 17 10:05 ET

Wedge Industrial is focusing on the "Two Machines" Industry Chain and plans to invest 0.5 billion to establish an industry merger and acquisition Fund in collaboration with AVIC Asset Management | Quick Read Announcement.

① Wedge Industrial announced plans to invest 0.5 billion yuan to jointly establish a merger and acquisition Fund with Qingdao Honghua, primarily focusing on integrated investments in the aerospace industry; ② High-temperature Alloy is one of Wedge Industrial's main businesses, with aviation engines and gas turbines as its main downstream products. In the first half of last year, revenue from related Business was 0.095 billion yuan, a year-on-year decline of 12%; ③ Qingdao Honghua is affiliated with AVIC Asset Management Co., Ltd., which holds a 35% equity stake.

cls.cnJan 15 09:47 ET

Another AI model from the industry leader will be officially released, and domestic large models are expected to rise quickly.

① Iflytek Co.,ltd.'s Xunfei Spark deep reasoning model X1 is planned to be officially released on January 15. Previously, the company has released the Xunfei Spark large model V4.0, the Xunfei Spark large model 4.0 Turbo, and other large models. ② Dongguan Securities stated that as domestic companies such as Byte, Huanfang, and Xiaomi actively lay out in the AI field, domestic large models are expected to rise rapidly.

cls.cnJan 14 18:49 ET

The PC market has achieved growth for five consecutive quarters. Institutions say the moment of AIPC transformation will begin in 2025.

According to Canalys' latest data, the PC market has achieved growth for five consecutive quarters in the fourth quarter, with total shipments of desktops, laptops, and workstations reaching 67.4 million units, a growth of 4.6%. Aixin Securities believes that AIPC Software and Hardware are co-evolving, and over the past year, major global manufacturers have continuously explored aspects such as AI enablement, product forms, and user experience, with the transformation moment opening in 2025.

cls.cnJan 14 18:48 ET

New Orders did not meet expectations; Zhimingda expects a net profit decrease of over 70% year-on-year in 2024.

1. Zhimin Da announced that it expects a revenue decline of 32.13%-39.67% year-on-year for fiscal year 2024; it anticipates that the net income attributable to shareholders will decrease by 77.14%-81.30% during the same period. 2. Due to Industry factors, Zhimin Da's operational performance in each quarter of 2024 is significantly lower than in the past three years; however, it has also strengthened its support expansion in the low-altitude economy and commercial aerospace fields in 2024.

cls.cnJan 14 09:29 ET