Company Profile For Nanjing Panda Electronics Company Limited

Nanjing Panda Electronics Company Limited (0553.HK) (Hong Kong Stock)

sector: Technology · industry: Communications Equipment ·

As of 1:31pm IST

2.30HKD

Price Change

+0.03

Percent Change

+1.32%

Analyst Recommendations

Overview

Nanjing Panda Electronics Company Limited is an integrated telecommunications company, which is engaged in scientific research and development, production, sale and technological services. The Company is mainly engaged in developing, producing and selling the satellite communication, mobile communication, electromechanical, information technology (IT) and electronics manufacturing. Nanjing Panda Electronics Company Limited possesses solid research and development capabilities and owns three State-level engineering technology development centers. Over 90% of the Company’s sales are generated from sales in the People’s Republic of China (PRC).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Nanjing Panda Electronics Company Limited's total revenues decreased 32% to RMB591.4M. The Company's net loss for the period totaled RMB38.6M, vs. an income of RMB45.9M. Total revenues reflect a decline in sales due to weaker market demand caused by the global financial crisis. Net loss also suffered from a lower gross profit margin, as well as significantly decreased investment income.