HK Stock Market Move | Nanjing Panda (00553) opens 4% higher, expected to achieve a net profit attributable to shareholders of up to 15 million yuan in 2025, turning losses into profits year-on-year.

NANJING PANDA (00553) opened more than 4% higher, rising 4.47% as of the time of writing to HK $5.84, with a trading volume of 6.7627 million Hong Kong dollars. On the news front, NANJING PANDA announced that, according to preliminary estimates 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 2025, compared to the same period last year, it will turn losses into profits. It is expected to achieve a net loss attributable to the owners of the parent company, after deducting non-recurring gains and losses, of approximately RMB 259 million to RMB 254 million in 2025. The announcement stated that the company completed the equity transfer of its joint venture Nanjing Ericsson Panda Communication Co., Ltd, and the disposal income arising from the above-mentioned matters has become an important positive factor for 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 transition and adjustment period, with new customer development falling short of expectations, related businesses have not yet formed large-scale sales, and market competition is becoming increasingly fierce, putting pressure on operations and affecting the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses.