As the end of the year approaches, all units of Panda Electronics have closely focused on their main responsibilities and businesses, set clear goals and tasks, and focused on tackling key challenges. They have demonstrated strong development momentum and technological innovation strength in multiple fields.

Panda Information has achieved fruitful market performance in the field of smart buildings, winning multiple important projects. Successfully won the bid for the intelligent system project of the Orthopedic Trauma Treatment Center in Luohe City, the parking apron renovation project (Phase II) of Hefei Public Transport Group - Changjiang Road BRT Smart Island Station and Station Security Facility Renovation Project, and the commercial electromechanical renovation project in the East District of the Financial City Phase II, with a bid amount of nearly RMB 30 million. In the field of smart rail transit, we have undertaken the automatic ticketing system project for Suzhou Metro Line 7 and provided the automatic ticketing machine equipment for the phase II of Xuzhou Metro Line 3, actively assisting in the official opening and operation of Suzhou Metro Line 7 and Xuzhou Metro Line 3.

Panda Equipment has successfully won the bid for the automated production line project of liquid flow batteries, which is a new and important step for the company's intelligent production line project in the field of energy storage intelligent manufacturing. This project adopts for the first time an intelligent and modular parallel stacking and pressing process scheme for battery stacks, which significantly improves the degree of automation compared to traditional energy storage battery production lines. After the project is put into operation, the implementation of modular functions not only enhances the flexibility and scalability of the production line, but also makes it easier to maintain and upgrade the production line, improving its overall stability and reliability.

Panda Communication actively cooperates with universities in industry university research cooperation. The low orbit satellite R&D team has focused on overcoming technical difficulties such as ephemeris information processing, ultra competitive band intermediate frequency interface, and high dynamic channel pre correction in R&D projects. They have successfully completed the acceptance of multiple devices such as IoT testing terminals, and are currently conducting ground debugging, laying a solid foundation for subsequent satellite launches and satellite ground connection tests.