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Nanjing Panda Elect [H Shares]   00553 Chairman Lai Weide Issued Capital (Shares) 242M Par Value (RMB) 1.000 Market Capitalization (HKD) 271M Corporate Profile The principal activities are the development production and sale of satellite communication products mobile communication products electronic equipment products electronic intelligent products and electronic manufacturing business etc. Business Review - For the year ended December 31 2010 The principal operations of the Company are development manufacturing and sales of electronic equipment products electronic intelligent products and electronic manufacturing business etc. In 2010 the management team of the Company comprehensively implemented each work deployment in accordance with requirements of the Board and led the staff to seek development in opportunities and breakthroughs in adversities. Through firmly grasping the fleeting rare opportunities in domestic and overseas market we further strengthened R&D of new products and market development deepened industrial reorganization and further standardized corporate management. All these efforts achieved satisfactory outcomes which draw a successful end to the Company’s Eleventh Five-Year Plan and laid a solid foundation for starting of its Twelfth Five-Year Plan. While the Company had made great strides in principal businesses such as electronic equipment products electronic intelligent products and electronic manufacturing the Company had also improved its management services to its joint ventures so as to promote their healthy development. According to the PRC Accounting Standards for Business Enterprises revenue from operations of the Company for the year amounted to RMB 1675000000 representing an increase of 30.36% as compared with that of last year; profit of operations for the year amounted to RMB1964300 (2009: an operating loss of RMB5850700); net profit amounted to RMB9192400 representing a decrease of 40.79% as compared with that of last year. Under the HKFRSs revenue from principal operations of the Company for the year amounted to RMB1646000000 representing an increase of 29.88% as compared with that of last year; profit of principal operations amounted to RMB211545000 representing an increase of 131.38% as compared with that of last year; net profit attributable to shareholders amounted to RMB9192400 representing a decrease of 40.79% as compared with that of last year. (1) Nanjing Ericsson Panda Communication Co. Ltd. (“ENC”) ENC is held as to 27% by the Company 25% by Telefonaktiebolaget L.M. Ericsson 26% by Ericsson (China) Company Limited 20% by China PTIC Information Corporation (中國普天信息產業集團公司) and 2% by Hong Kong Yung Shing Enterprise Company. ENC is mainly engaged in production of mobile telecommunication system products and network communication systems etc. ENC is one of the supply pivots for Ericsson in the world and is the largest supplier of mobile telecommunication equipments in China. In 2010 ENC took initiative to explore markets and constantly enhanced the competitiveness of its products. However net profit decreased due to the impact of the global financial crisis. Operating revenue of ENC for 2010 amounted to RMB14482000000 representing a decrease of 6.46% as compared to the corresponding period of last year; net profits amounted to RMB451000000 representing a decrease of 6.24% as compared to the corresponding period of last year. (2) Beijing SE Putian Mobile Communication Co. Ltd. (“BMC”) BMC is held as to 20% by the Company 51% by Sony Ericsson Mobile Communication Limited 27% by China PTIC Information Corporation (中國普天信息產業集團公司) and 2% by Hong Kong Yung Shing Enterprise Company. BMC is mainly engaged in mobile terminals (mobile phones) under the brand of Sony Ericsson and is the principal production base and supply centre of Sony Ericsson mobiles. In 2010 as affected by aftermath of financial crisis and intense competition BMC’s revenue from principal business and gross profit deceased with that of last year. BMC will actively take various effective measures to cost control and increase market share. Operating revenue of BMC for 2010 amounted to RMB19362000000 representing a decrease of 15.24% as compared to the corresponding period of last year; net profits amounted to RMB175000000 representing a decrease of 59.11% as compared to the corresponding period of last year. (3) Hua Fei Color Display Systems Company Limited (“Hua Fei Company”) Hua Fei Company is held as to 25% by the Company 20% by Nanjing Hua Dong Electronics Information Technology Holdings Limited and 55% by LG. Philips Displays International Ltd.（樂金 •飛利浦顯示件國際有限公司）. Its principal operations include development design and manufacture of colour image tubes colour monitor tubes and other colour display system products their spare parts and materials and related electronic products as well as sales of self-produced products. Sales income for 2010 amounted to RMB757000000 representing a decrease of 2.07% as compared to the corresponding period of last year. It continued to suffer a loss of RMB307 million during the reporting period. Source: Nanjing Panda Elect (00553) Annual Results Announcement Copyright 1999-2001 SHK Financial Data Limited Last Updated: 5 Oct 2011

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