Nanjing Panda Electronics Company Limited Posted 9.8 Million Yuan Net Loss in First Quarter of 2022

Nanjing Panda Electronics Company Limited (南京熊猫电子股份有限公司) (600775.SH) reported a net loss of 9.8 million yuan in the first quarter of 2022, widening 165.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 6.9% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.