Ninestar Posts Q3 Loss After Lexmark Sale

Ninestar Posts Q3 Loss After Lexmark Sale

Ninestar reported a sharp revenue decline for the first nine months of 2025 as the sale of its overseas Lexmark business and softer printer demand weighed on results.

The company’s revenue for the first three quarters fell 25.2% year-on-year to RMB 14.50 billion (USD 2.04 billion). Net loss attributable to shareholders stood at RMB 356 million (USD 50 million), compared with a profit of RMB 1.08 billion a year earlier. The company cited a RMB 516 million (USD 72.6 million) loss from the Lexmark divestment as the main drag on profitability.

Ninestar’s Pantum printer division generated RMB 3.07 billion (USD 431 million) in revenue during the first nine months, down 3.3% from a year earlier. Segment profit slipped 18.6% to RMB 386 million (USD 54 million).

Printer unit shipments fell 14.9% year-on-year, although A3 printer sales jumped 55.6% and original consumables shipments rose 6.3%. In the domestic “information security” market, Pantum printer sales grew 20.4%, but the release of the Security and Reliability Evaluation Guidelines (V3.0) in July temporarily disrupted shipment schedules.

The Geehy Microelectronics unit reported revenue of RMB 812 million (USD 114 million), down 21.8% from a year earlier, while its net loss widened to RMB 14 million (USD 2 million). Non-printing chip sales rose 20.9% to RMB 359 million, driven by industrial and automotive demand.

Revenue from Ninestar’s compatible printer consumables business slipped 2.7% year-on-year to RMB 3.96 billion (USD 557 million), with shipment volume roughly unchanged. The segment recorded a small loss of RMB 4 million (USD 0.6 million).

Ninestar said the completion of the Lexmark sale would “significantly reduce leverage and refocus operations on domestic printing, consumables, and semiconductor businesses.” The company added that it is realigning Pantum’s production rhythm and continuing to integrate its domestic chip design, manufacturing, and printing supply chains to strengthen long-term competitiveness.

Related：

• Ninestar Achieves “AA” ESG Rating
• Ninestar Receives Prestigious Quality Award Recognition
• Ninestar Releases 2025 Half-Year Financial Report
• Ninestar Forecasts H1 Loss Due to Transfer of Lexmark
• Ninestar Faces Profit Challenges in Q1 2025

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