2021 THIRD QUARTERLY REPORT

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2021 THIRD QUARTERLY REPORT

IMPORTANT NOTICE

1. The board of directors (the "Board"), the supervisory committee, and the directors, supervisors, and senior management of Nanjing Panda Electronics Company Limited (the "Company") warrant that the information in this quarterly report is truthful, accurate and complete, and does not contain any misrepresentation, misleading statement, or material omission, and severally and jointly accept legal responsibility.
2. Mr. Xia Dechuan, the responsible person of the Company, Mr. Hu Dali, the Chief Accountant, and Ms. Liu Xianfang, the head of Accounting Department (person in charge of accounting matters) of the Company have declared the truthfulness, accuracy and completeness of the financial statements contained in the quarterly report.
3. The Company's financial statements for the third quarter were unaudited.

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1. MAJOR FINANCIAL DATA
2. 1. Major accounting data and financial indicators (prepared in accordance with the PRC Accounting Standards for Business Enterprises, unaudited)

			Unit: RMB (Yuan)
					Changes from
					the beginning of
					the year to
					the end of
		Changes for the	From the beginning	the reporting
		period as
		reporting period as	of the year	compared to
	For the	compared to the	to the end of the	the corresponding
	reporting period	corresponding period	reporting period	period of the
Items	(July-September)	of the previous year	(January-September)	previous year
		(%)			(%)
Operating income	1,166,076,932.14	10.96	3,335,533,233.86	20.63
Net profit attributable to	-14,938,216.60	-238.04
shareholders of the Company	3,334,794.35	-85.81
Net profit attributable to
shareholders of the Company	-18,814,278.39	-313.74
after extraordinary items	-12,801,306.02	-231.55
Net cash flows from operating	N/A		13,313,662.62	-94.75
activities	N/A
Basic earnings per share	-0.0163	-238.04
(yuan/share)	0.0036	-85.81
Diluted earnings per share	-0.0163	-238.04
(yuan/share)	0.0036	-85.81
Return on net assets		Decreased by			Decreased by
(weighted average)(%)	-0.43	0.74 percentage point		0.10	0.58 percentage point
					Changes for the end of
	As at the end of			the reporting period
	As at the end of	as compared to the end of
	the reporting period	the previous year		the previous year
					(%)
Total assets	6,202,061,998.00	6,001,947,699.44		3.33
Enquiry attributable to shareholders of
the Company	3,489,681,687.53	3,509,430,717.97		-0.56

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(II) Extraordinary items and amounts

	✔	Applicable		Not applicable
							Unit: RMB (Yuan)
							Amount from
							the beginning
					Amount for	of the year to
					the end of
					the reporting	the reporting
					period	period
					(July-	(January-
Items		September)	September) Explanation
Profit and loss from disposal of non-current assets	-59,232.09
(including write-offs of asset impairment provision)	-637,505.40
Government grants accounted for as current profit
and loss (except for government grants which are
closely related to normal business of the Company,
conformed to requirements of State policy,
and granted continuously according to certain	1,495,497.59
standardised amounts or quotas)		5,976,107.03
Apart from effective hedging instruments relating to
the normal operations of the Company, profit or loss
from change in fair value of financial assets held
for trading, financial liabilities held for trading, and
investment income from disposal of financial assets
held for trading, financial liabilities held for trading,	3,678,274.91
and available-for-sale financial assets		10,548,724.42
Reversal of provisions for impairment of accounts
receivable and contract assets individually tested for	0.00
impairment		3,966,431.17
Non-operating income and expenses other than the	61,136.52
aforesaid items		715,549.62
Less: Impact of income tax		738,862.43	3,494,666.61
Impact of minority interest (after-tax)	560,752.71	938,539.86
Total		3,876,061.79	16,136,100.37

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1. Changes in major accounting data and financial indicators and the reasons

Percentage of

Itemchange Major reason

(%)

Net profit attributable	-238.04 It was mainly due to the rise of price
to shareholders of the		in bulk commodities and chips
Company-for the		and other materials, and hence, the
reporting period		gross profit of principal business
		o f t h e C o m p a n y d e c r e a s e d .
		Besides, the investment income
		from associates in the period
		decreased compared to that of
		the corresponding period of the
		previous year, and the production
		and operation of the Company was
		affected to some extent by power
		shortage
Net profit attributable	-85.81	Same as above
to shareholders of the
Company-from the
beginning of the year to
the end of the reporting
period
Net profit attributable	-313.74 It was mainly due to the rise of price
to shareholders of		in bulk commodities and chips
the Company after		and other materials, and hence, the
extraordinary items-		gross profit of principal business
for the reporting period		o f t h e C o m p a n y d e c r e a s e d .
		Besides, the investment income
		from associates in the period
		decreased compared to that of
		the corresponding period of the
		previous year, and the production
		and operation of the Company was
		affected to some extent by power
		shortage
Net profit attributable	-231.55	Same as above
to shareholders of

the Company after extraordinary items- from the beginning of the year to the end of the reporting period

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	Percentage of
Item	change	Major reason
	(%)
Net cash flows from	-94.75 It was mainly due to the increase in
operating activities-		cash paid for purchase of goods and
from the beginning of		services received
the year to the end of
the reporting period
Basic earnings per	-238.04 It was mainly due to the rise of price
share (yuan/share) -for		in bulk commodities and chips
the reporting period		and other materials, and hence, the
		gross profit of principal business
		o f t h e C o m p a n y d e c r e a s e d .
		Besides, the investment income
		from associates in the period
		decreased compared to that of
		the corresponding period of the
		previous year, and the production
		and operation of the Company was
		affected to some extent by power
		shortage
Basic earnings per share	-85.81	Same as above
(yuan/share) -fromthe
beginning of the year to
the end of the reporting
period
Diluted earnings per	-238.04 It was mainly due to the rise of price
share (yuan/share) -for		in bulk commodities and chips
the reporting period		and other materials, and hence, the
		gross profit of principal business
		o f t h e C o m p a n y d e c r e a s e d .
		Besides, the investment income

from associates in the period decreased compared to that of the corresponding period of the previous year, and the production and operation of the Company was affected to some extent by power shortage

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