Nanjing Panda Electronics Company Limited Posted 20.8 Million Yuan Net Loss in First Quarter of 2023

Nanjing Panda Electronics Company Limited (南京熊猫电子股份有限公司) (600775.SH) reported a net loss of 20.8 million yuan in the first quarter of 2023, widening 111.9% year-on-year.

Meanwhile, the company posted 558.1 million yuan in revenue, down 47.4% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.