Nanjing Panda Electronics Co., Ltd. (00553) announced its 2023 results, with operating revenue of about 2,912 billion yuan, a year-on-year decrease...
According to the Zhitong Finance App, Nanjing Panda Electronics Co., Ltd. (00553) announced its 2023 results, with operating income of about 2,912 billion yuan, a year-on-year decrease of 29.9%; net loss attributable to shareholders of listed companies was about 238 million yuan, a year-on-year profit and loss; and a basic loss of 0.2603 yuan per share.
According to the announcement, the decline in the company's operating income was mainly due to some product restructuring, which fell short of market expectations; some business delivery cycle adjustments, failure to meet settlement requirements, and revenue costs fell year-on-year; the decline in net profit attributable to shareholders of listed companies was mainly due to the fact that Nanjing Ericsson Panda Communications Co., Ltd. (ENC) has great uncertainty about the recovery of other non-current assets. This matter is likely to have a significant impact on the company's long-term equity investment. Given the principle of prudence, the company fully charged ENC's long-term equity investment in the 2023 financial statements Impairment; The decline in net cash flow from operating activities was mainly due to a year-on-year decrease in cash received from sales of goods and provision of services in the current period.