Zhi Tong Cai Jing·2026-01-22 09:29Core Viewpoint - Nanjing Panda Electronics Co., Ltd. expects to achieve a net profit attributable to shareholders of approximately RMB 10 million to RMB 15 million in 2025, marking a turnaround from losses in the previous year [1] Financial Performance - The company anticipates a net loss attributable to shareholders, excluding non-recurring gains and losses, of approximately RMB 2.54 billion to RMB 2.59 billion for 2025 [1] - The completion of the equity transfer of its joint venture, Nanjing Ericsson Panda Communication Co., Ltd., is a significant positive factor contributing to the expected net profit [1] Business Operations - The company's smart manufacturing and power and communication businesses are undergoing a transitional adjustment period, with new customer development not meeting expectations [1] - The related businesses have not yet achieved scaled sales, and the market competition is intensifying, putting pressure on operations and affecting the net profit attributable to shareholders, excluding non-recurring gains and losses [1] Asset Management - The company is conducting thorough impairment testing on relevant assets in accordance with the requirements of the Accounting Standards for Enterprises, leading to the recognition of credit impairment losses and asset impairment losses, which will impact the net profit attributable to shareholders [1]