Nanjing Panda Electronics Company (HKG:0553) has said that its net profit attributable to shareholders for the year of 2011 may increase by 1,000% when compared to the net profit of RMB9.192 million for 2010.

The increase in the net profit of the company is due to the increased sales of electronic equipment and in the electronic manufacturing business of the comapny through products upgrades and technological innovation, and the growth in investment return as a result of the increases in business volumes and net profit of the company's joint ventures under favorable market conditions.