Ge Long Hui·2025-12-26 07:43Core Viewpoint - Nanjing Panda (600775.SH) emphasizes its commitment to technological innovation and aligns its research and development strategy with national strategic directions and market demands [1] Group 1: R&D Strategy - The company maintains a high intensity of R&D investment in recent years [1] - It is conducting research on next-generation satellite communication terminal technologies [1] - The company is developing next-generation satellite communication terminals according to customer requirements [1] Group 2: Business Operations - The wholly-owned subsidiary, Panda Communication, is engaged in the R&D and manufacturing of satellite communication modules and handheld terminals [1] - The revenue scale from this type of business is relatively small [1]