Nanjing Panda Electronics Company Limited Posted 5.9 Million Yuan Net Loss in First Half 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 5.9 million yuan in the first half of 2023, reversing a net profit of 25.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 33% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33%.