Summary by Moomoo AI
Nanjing Panda Electronics Co., Ltd. released its first quarter financial report for 2024, which showed that operating income fell 13.28% compared to the same period last year to 484,002,973.06 yuan. During the reporting period, the company's net profit attributable to shareholders of listed companies was negative $45,922,679.29 and was unaudited. The net cash flow generated by the Company's operating activities was negative $22,987,313.49 and basic earnings per share were negative $0.0503. Total assets were $5,315,233,684.17, down 4.07% year-on-year. In addition, the company's controlling shareholder Panda Group has pledged 49.89% of the company's shares, accounting for 11.50% of the company's total share capital. The shareholding ratio of Hong Kong Central Clearing (Agents) Limited was the highest in the shareholder structure, at 26.52%. The report also mentioned that the company has completed the registration procedures for absorbing the merged wholly-owned subsidiary Nanjing Panda Electronic Technology Development Co., Ltd., and held an interim board meeting on March 7, 2024, and approved the motion for the 2024 day-to-day related transaction.