Ninestar Forecasts Results for Fiscal Year 2021
According to Ninestar, net profit attributable to shareholders of the listed company in fiscal year 2021 will be RMB 1.45 billion to RMB1.65 billion (US$228.98 million to US$260.58 million), counting in the 100% Pantum shares held by the listed company.
Net profit attributable to shareholders of the listed company is predicted to increase 644.28% to 778.39% year-over-year to RMB11.00 billion to RMB 13.00 billion (US$1.74 billion to US$2.05 billion), including net profit attributable to parent company generated by 39.31% Pantum shares from January to September 2021 and 100% Pantum shares from October to December 2021.
Net profit after deduction of non-recurring gains and losses is predicted to be RMB 550 million to RMB 820 million (US$86.87 million to US$129.46 million), up 948.38%-1463.04% year-over-year, or 957.1%-1476.04% compared to the actual profits for fiscal year 2020.
For fiscal year 2021, Ninestar predicts that non-recurring gains and losses would be RMB490 million to RMB 560 million (US$77.38 million to US$88.49 million). Net profit attributable to parent company generated by 39.31% Pantum shares from January to September 2021 will be RMB150 million to RMB190 million (US$23.69 million to US$30.00 million).
Ninestar reveals that the main reasons for such changes include:
Ninestar completed the acquisition of 100% Pantum shares in the fourth quarter of 2021. Pantum reported an operating revenue of about RMB3.9 billion (US$615.97 million), up more than 70% year-over-year. Pantum net profit increased more than 130% to about RMB 680 million (US$107.40 million).
Pantum printer global shipments and revenue continued to increase and its product range expanded further with launch of new A4 laser printers and A4 medium-to-high speed black and white printers. Meanwhile, Pantum printer oversea sales volume increased more than 60% year-over-year. Pantum domestic sales volume increased more than 50% year-over-year, as China printer market kept a continuous growth.
As Lexmark has realized the bulk supply to long term orders from its enterprise strategic partners, Lexmark printer sales volume is predicted to increase more than 10% year-over-year in 2021, and operating revenue would be more than US$2.1 billion, up more than 7% year-over-year. For 2021, Lexmark earnings before interest, taxes, depreciation, and amortization (EBITDA) is predicted to exceed US$270 million.
- Compatible printer consumables
Due to the price increase in raw materials and logistics as well as continuous competition, Ninestar predicts that compatible printer consumables operating revenue will decrease 2% year-over-year to RMB4.9 billion (US$773.91 million), and net profit will decrease about 29% year-over-year to about RMB240 million (US$37.90 million).
- Integrated circuit
Apex 2021 operating revenue is predicted to be more than RMB1.4 billion (US$221.11 million). Apex net profit is predicted to increase about 30% to about RMB680 million (US$107.40 million), and chip sales volume is predicted to increase more than 20%.
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