Pantum Technology Posts Modest Q1 Growth After Rebrand

Pantum Technology Posts Modest Q1 Growth After Rebrand

The first quarter of 2026 marked a pivotal transition for Pantum Technology Co., Ltd., formerly known as Ninestar Corporation.

Following the completion of its corporate renaming and the disposal of Lexmark from its consolidated financial statements, the company reported total revenue of 2.29 billion yuan ($336 million). When excluding Lexmark’s previous contributions, the company actually achieved a 1.85% organic growth in revenue and a 1.53% increase in net profit.

The printer business showed a healthy recovery trend, particularly in overseas markets where shipment volumes surged by 58.75%. Although total printer revenue fell 14.83% year-on-year to 845 million yuan ($124 million) due to the timing of domestic credit innovation (Xinchuang) shipments, the segment achieved a 20.73% growth compared to the previous quarter and successfully returned to profitability.

A major highlight for this quarter was the announcement of the world’s first AI-integrated All-in-One printer. By incorporating large language models such as Alibaba’s Tongyi Qwen and Baidu’s AI, the device transitions from a passive tool to an active intelligent assistant, featuring voice control, smart tutoring for students, and real-time maintenance monitoring.

Meanwhile, the consumables business recorded 1.26 billion yuan ($185 million) in revenue, maintaining its market leadership despite currency fluctuations that caused a 27 million yuan ($4.0 million) loss. The consumables market is increasingly concentrating toward top-tier manufacturers as smaller competitors exit due to rising raw material costs and logistical constraints.

Furthermore, Pantum has initiated a major lawsuit in the Zhuhai Intermediate People’s Court against PAG Asia Capital Lexmark Holding Limited. The company is seeking 470.22 million USD in damages, alleging that the defendant abused shareholder rights, causing direct economic losses. This litigation underscores the company’s aggressive stance in protecting its interests following the restructuring of its relationship with Lexmark.

Related:

• Pantum Releases Vibrant 25 Series Printers
• Pantum Launches Subsidiary in Mexico
• Pantum Releases Intuitive PD/PP Series Label Printers
• Pantum Introduces Efficient Pro Series A4 Laser Printers
• Pantum Introduces Kangda Series Printers

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