Ge Long Hui·2025-12-26 07:42Core Viewpoint - Nanjing Panda (600775.SH) emphasizes its commitment to a technology innovation strategy aligned with national strategic directions and market demands, maintaining a high level of R&D investment [1] Group 1: R&D Strategy - The company is focusing on the research and development of next-generation satellite communication terminal technologies [1] - Nanjing Panda is conducting R&D work based on customer requirements for the new generation of satellite communication terminals [1] Group 2: Business Operations - The company's wholly-owned subsidiary, Panda Communication, is engaged in the R&D and manufacturing of satellite communication modules and handheld terminals [1] - Revenue from this type of business currently represents a relatively small proportion of the overall income [1]