Ninestar Forecasts Profit Growth in Q1

Ninestar Forecasts Profit Growth in Q1

Ninestar Forecasts Profit Growth in Q1According to, Ninestar predicts the net profit attributable to shareholders of the listed company will increase 69.24% to 85.36% year-over-year in the first quarter of 2022 (Q1, 2022) to RMB 420 million to RMB 460 million (US$ 65.94 million to US$ 72.23 million).

Ninestar also predicts that the net profit after deduction of non-recurring gains and losses will be RMB 400 million to 440 million (US$ 62.8 million to US$ 69.1 million), up 102.36% to 122.59% compared to the same period last year.

The main reasons for the changes include:

  1. Printer business

Pantum printer sales increased about 33% year-over-year in Q1, which resulted in an approximately 60% increase in consumables. Though Pantum increased R&D investment in medium-and-high-end printers, its net profit still increased about 30% year-over-year. On the other hand, Lexmark printer sales increased about 7% year-over-year in Q1. With the ease of covid-19 restrictions in European and American markets, Lexmark earnings before interest, taxes, depreciation, and amortization (EBITDA) increased about 16% in Q1.

  1. Integrated circuits business

Integrated circuits net profit increased more than 10% year-over-year in Q1. Due to its competitiveness in the segment, Ninestar printer chip business continues to grow. Non-printing industrial chips (for industrial control and security, automotive

and new energy, consumer electronics) achieved rapid growth, with operating income increasing more than 150% year-over-year.

  1. Print consumables business

Overall net profit for print consumables business decreased about 20% year-over-year in Q1, due to the impact of covid-19 and Chinese spring festival.



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