Nanjing Panda issued an announcement projecting a first-half 2026 loss of 24 million to 28.8 million yuan, narrowing the loss by 36% to 48% compared with the same period last year. After deducting non-recurring items, the loss is expected to be 34 million to 38.8 million yuan, a reduction of 36% to 45%. The company said that in the first half, revenue from both its electronics manufacturing and communications businesses grew, with the electronics manufacturing business turning a profit and the communications business narrowing its loss year-on-year. However, the smart manufacturing business is in a transition and adjustment period, with few completed acceptance and settlement projects, which has had some impact on net profit, and the communications business overall continues to face operational pressure. In the first quarter of 2026, the company achieved revenue of 595 million yuan, with a net loss attributable to the parent company of 13.33 million yuan.
Nanjing Panda Electronics Co LtdCompany projects a first-half 2026 loss of 24-28.8 million yuan, though narrowing, still negative earnings.