HK Stock Price Fluctuated | Nanjing Panda (00553) A shares maintain a five-day consecutive trading limit up, while H shares surge over 7%. The third-party evaluation of brain-machine interface products has officially commenced.
20/11/2023
GMT Eight
Nanjing Panda (00553) rose more than 7%, and its A-share stock once again hit the trading limit, marking the fifth consecutive trading halt. As of press time, it has risen by 7.26% to HKD 3.84, with a turnover of HKD 49.2523 million.
In terms of news, according to the Brain-Computer Interface Industry Alliance, the third-party evaluation of brain-computer interface products has officially begun. Currently, brain-computer interface technology has been widely used in medical, educational, rehabilitation, safety production, entertainment, and other fields, and the industry is undergoing rapid development. Furthermore, Nanjing Panda Electronics recently announced that its brain-computer interface research and development project is a key research and development program of Jiangsu Province. The company, as a participating unit, is responsible for the research and development of sub-projects. The project is currently in the scientific research and development stage and is not expected to have an impact on the company's production and operation in the short term, nor will it generate sales revenue.
In addition, regarding the significant fluctuation in the stock price of Nanjing Panda Electronics, some analysts believe that with the improved liquidity at the end of the year, some thematic stocks are being speculated upon. Nanjing Panda Electronics has also attracted funds due to its involvement in brain-computer interface. However, due to its weak fundamentals, the significant increase in stock price may not be sustainable. The company previously released its performance for the first three quarters, with reported operating revenue of CNY 1.946 billion, a year-on-year decrease of 34.02%, and a net loss attributable to shareholders of listed companies of CNY 31.715 million.