Ninestar Faces Profit Challenges in Q1 2025

Ninestar Faces Profit Challenges in Q1 2025

Ninestar recently just unveiled its financial results for the first quarter of 2025, indicating a drop in revenue and profit.

Primary financial metrics saw an overall decline. Operation revenue totaled to CNY 5.93 billion (USD 821 million), down by 5.79% year-on-year, while net profit attributable to shareholders plummeted by 69.94% to CNY 84.38 million (USD 11.69 million). Total asset also experienced a slight drop of 3.51% to CNY 36.04 billion (USD 4.99 billion).

For Ninestar’s printer brands, Pantum recorded a 3.34% decline in revenue to CNY 992 million (USD 137 million) and a plunge of 49.89% in profit to CNY 97 million (USD 13.4 million). Sales dropped by 6.79%, mainly because of a worse international performance attributed to the changing purchase plans in certain markets. Despite the overall decline, some printer models saw rising demands, including A3 printers, domestic commercial printers, and IT Innovation printer, with their sales up by 51%, 7.11% and 11.24% respectively. On the other hand, Lexmark achieved a revenue of USD 513 million, down by 4.85%, and net profit of USD 2.54 million, down by 74.08%. Total sales fell by 13.64% compared to the same period last year.

Regarding other businesses, the company recorded a revenue of CNY 1.32 billion (USD 182.83 million) and a net profit of CNY 16 million (USD 2.21 million) in aftermarket consumables. Total shipment decreased year-on-year by 0.56%. In integrated circuits segment, Geehy, a subsidiary of Ninestar, reported declines in both revenue and net profit. However, income and shipment attributed to non-consumable chips both increased greatly.

Related：

• Ninestar Expects Financial Turning Point for FY 2024
• Ninestar ESG Rating Elevated to A by MSCI
• Ninestar Records Robust Profit Improvement in Q3 2024
• Ninestar Reports Profit Surge in First Half of 2024
• Ninestar Continues to Fight for its Good Name in the USA

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