Nanjing Panda (00553) is expected to have a net profit attributable to shareholders of 10 million to 15 million yuan in 2025, turning losses into profits year-on-year.

Nanjing Panda (00553) announced that, according to preliminary calculations by the company's finance department, it is expected to achieve a net profit attributable to the owners of the parent company of approximately RMB 10 million to RMB 15 million in the year 2025. Compared with the same period last year, it will achieve a turnaround from losses to profits. It is expected to achieve a net loss after deducting non-recurring gains and losses attributable to the owners of the parent company of approximately RMB 2.59 billion to RMB 2.54 billion in 2025. The announcement stated that the company has completed the equity transfer of the joint venture Nanjing Ericsson Panda Communication Co., Ltd., and the disposal income generated from the above-mentioned matters has become an important positive factor in the change in net profit attributable to the owners of the parent company. The company's smart manufacturing business, power and communication business are in a transitional adjustment period, new customer development has not met expectations, the related business has not yet formed a scalable sales volume, and the market competition is becoming increasingly fierce, putting pressure on operations and affecting the net profit after deducting non-recurring gains and losses attributable to the owners of the parent company. Considering the current operating situation and the actual asset situation, the company strictly follows the requirements of the Enterprise Accounting Standards, conducts comprehensive impairment tests on related assets, and provision for credit impairment losses and asset impairment losses accordingly, which will have a corresponding impact on the net profit attributable to the owners of the parent company.