香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任 何 損 失 承 擔 任 何 責 任。 有關通過公開招標進行主要交易之第二次更新 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 六 月 十 九 日、二 零 二 五 年 七 月 三 十 一 日 及 二 零 二 五 年 九 月 三 十 日 的 公 告（「該等公告」），以 及 本 公 司 日 期 為 二 零 二 五 年 七 月 十 四 日 的 通 函（「該通函」），內 容 均 有 關 建 議 出 售 事 項。除 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 該 等 公 告 及 該 通 函 所 界 定 者 具 有 相 同 涵 義。 夏德傳 董事長 中華人民共和國‧南京 二零二五年十月 三十一 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事：夏 德 傳 先 生 及 胡 回 春 先 生；非 執 行 董 事：劉 劍 鋒 先 生、胡 進 先 生、易 國 富 ...

证券代码：600775 证券简称：南京熊猫 公告编号：临 2025-026 南京熊猫电子股份有限公司 关于公开挂牌转让参股公司股权的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、交易背景概述 南京熊猫电子股份有限公司（以下简称"公司"）于 2025 年 6 月 19 日召开 第十一届董事会临时会议，审议通过了《关于公开挂牌转让参股公司股权》的议 案，同意公司通过上海联合产权交易所有限公司（以下简称"上海联合产权交易 所"）公开挂牌转让所持有的参股公司南京爱立信熊猫通信有限公司（以下简称 "ENC"）27%的股权（以下简称"标的股权"）。本次转让的标的股权将与其 他 ENC 中方股东持有的 ENC22%的股权一并公开挂牌。 根据公司为股权转让聘请的评估机构（北京中天华资产评估有限责任公司） 出具的《南京熊猫电子股份有限公司拟处置股权所涉及的南京爱立信熊猫通信有 限公司股东全部权益价值估值报告》，ENC 股东全部权益价值在基准日 2024 年 12 月 31 日的价值为人民币 105,409.90 ...

Core Viewpoint - The company Nanjing Panda announced the transfer of its 27% stake in the subsidiary ENC, along with an additional 22% stake held by other Chinese shareholders, through a public listing on the Shanghai United Assets and Equity Exchange [1] Group 1 - The initial listing price for the 49% stake in ENC was set at 517 million yuan, but after failing to attract buyers, it was relisted at 465 million yuan [1] - The buyer of the stake is Ericsson (China), with the transaction expected to be completed by October 10, 2025, and the company will receive the transaction certificate by October 14, 2025 [1] - The company anticipates recovering approximately 256 million yuan from this transaction, which is expected to have a positive impact on the financial performance for the current year [1]

Core Viewpoint - Nanjing Panda is a key player in China's electronic information industry, focusing on smart transportation, industrial internet, and green electronic manufacturing services, with a strong technical foundation and brand advantage [1] Group 1: Business Performance - In Q3 2025, Nanjing Panda reported revenue of 1.56 billion yuan, ranking 13th out of 29 in the industry, with the top competitor, Yiyuan Communication, generating 17.88 billion yuan [2] - The main business segments include smart transportation and safe city services at 560 million yuan (53.70%), green electronic manufacturing at 485 million yuan (46.55%), and industrial internet and smart manufacturing at 42.56 million yuan (4.08%) [2] - The net profit for the same period was -53.73 million yuan, placing the company 25th in the industry, with the leading company, Yiyuan Communication, achieving a net profit of 727 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Nanjing Panda's debt-to-asset ratio was 34.88%, slightly up from 34.18% year-on-year, which is lower than the industry average of 40.17%, indicating relatively low debt pressure [3] - The gross profit margin for Q3 2025 was 14.90%, an increase from 14.57% year-on-year, but still below the industry average of 26.55%, suggesting room for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Xia Dechuan, has a salary of 372,200 yuan in 2023, while the general manager, Hu Huichun, earned 943,200 yuan in 2024, down from 1,005,200 yuan in 2023 [4] - As of February 28, 2025, the number of A-share shareholders decreased by 8.92% to 68,000, with an average holding of 9,883.61 shares, which is an increase of 9.80% [5]

证券日报网讯 南京熊猫（600775）10月28日在互动平台回答投资者提问时表示，截至2025年10月20 日，A股股东人数85223户，H股变化不大。 ...

Core Viewpoint - Nanjing Panda (600775.SH) reported a decline in revenue and a net loss for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 1.56 billion yuan for the first three quarters, representing a year-on-year decrease of 14.67% [1] - The net profit attributable to shareholders was -89.72 million yuan, which is a reduction in loss by 9.21 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.0982 yuan [1]

Core Insights - Nanjing Panda Electronics Co., Ltd. reported a revenue of 1.56 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 14.67% [1] - The company recorded a net loss attributable to shareholders of 89.72 million yuan [1] - Basic earnings per share showed a loss of 0.0982 yuan [1]

每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 曾健辉） 每经AI快讯，南京熊猫（SH 600775，收盘价：12.01元）10月28日晚间发布三季度业绩公告称，2025年 前三季度营收约15.6亿元，同比减少14.67%；归属于上市公司股东的净利润亏损约8972万元；基本每股 收益亏损0.0982元。 截至发稿，南京熊猫市值为110亿元。 ...

Group 1 - The core point of the article is that Nanjing Panda Electronics Co., Ltd. reported a decline in revenue and a net loss for the first three quarters of 2025 [1] Group 2 - The company achieved an operating income of 1.56 billion RMB, representing a year-on-year decrease of 14.67% [1] - The net profit attributable to shareholders of the listed company was a loss of 89.72 million RMB [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 97.79 million RMB, with a basic earnings per share of -0.0982 RMB [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥517,489,430.16, a decrease of 10.46% compared to the same period last year[3] - The total profit for the period was -¥31,197,241.66, with a net profit attributable to shareholders of -¥44,131,774.15, reflecting a significant decline in profitability[3] - Total operating revenue for the first three quarters of 2025 was ¥1,560,140,663.88, a decrease of 14.7% compared to ¥1,828,298,552.68 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was a loss of ¥53,733,667.51, an improvement from a loss of ¥64,731,060.26 in the same period of 2024[25] - The company reported a total profit loss of ¥37,965,724.97 for the first three quarters of 2025, an improvement from a loss of ¥51,895,562.04 in the same period of 2024[25] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was -¥9,127,706.40, indicating ongoing cash flow challenges[3] - The net cash flow from operating activities for the first three quarters of 2025 was a negative ¥9,127,706.40, compared to a negative ¥258,013,394.28 in the first three quarters of 2024[29] - The company's total current assets amounted to RMB 3,661,707,623.53, a slight decrease from RMB 3,730,401,134.18 at the end of 2024[20] - The company's cash and cash equivalents increased to RMB 922,288,677.32 from RMB 757,643,131.44 at the end of 2024, reflecting a growth of approximately 21.7%[20] - Total liabilities decreased to RMB 1,786,174,750.58 from RMB 1,931,188,750.83, showing a reduction of about 7.5%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 79,064[10] - The largest shareholder, Hong Kong Central Clearing Limited, holds 243,767,203 shares, representing 26.67% of total shares[10] - The total shareholding of China Electronics, the actual controller, is 273,964,055 shares, which is 29.98% of the total issued share capital[12] - The top 10 shareholders collectively hold significant stakes, with the top three alone accounting for over 52% of total shares[10] - Panda Electronics Group Co., Ltd. holds 210,661,444 shares, accounting for 23.05% of total shares, with 105,091,430 shares pledged[14] Investment and Expenses - Investment income increased by 37.91%, mainly due to higher returns from associated companies[8] - Research and development expenses for the first three quarters of 2025 were ¥148,206,761.89, a decrease of 11.4% from ¥167,315,877.83 in the same period of 2024[24] - Cash outflow for investment activities amounted to $1,041,063,512.53, down from $1,210,419,128.59, indicating a reduction in capital expenditures[30] Legal and Regulatory Matters - The company has ongoing litigation involving its subsidiary, with a favorable ruling requiring the opposing party to pay outstanding amounts, currently in the execution phase[18] - The company is currently in the process of handling the registration of changes in business operations related to the equity transfer[17] - The company has disclosed important information regarding tax adjustments related to its associate, Nanjing Ailixin Panda Communication Co., Ltd.[15] Accounting and Reporting - The company did not adopt new accounting standards for the current reporting period, maintaining consistency in financial reporting[31] - The board of directors announced the financial results on October 28, 2025, indicating a commitment to timely disclosures[32]