Ninestar Expects Growth in 2022

Ninestar Expects Growth in 2022

According to cninfo, Ninestar expects that its net profit attributable to shareholders of the listed company will be RMB1.85 billion –RMB2.00 billion (US$273.86 million-US$296.10 million), up 59.04%-71.94% year-over-year.

Net profit after deduction of non-recurring gains and losses is predicted to be RMB1.70 billion-RMB1.85 billion (US$251.68 million-US$273.89 million), up 158.47%-181.28% year-over-year.

Ninestar reveals that the main reasons for such changes include:

1. Printer Business

In 2022, Pantum revenue is predicted to be RMB 5.00 billion (US$740.14 million), an increase of about 30% compared to that of the last year. Printer sales units are expected to grow 40%, while original consumables shipments are expected to grow more than 60% compared to that of last year. Due to the expansion of its product lines, sales units of Pantum A4 color laser printer and A4 high-speed monochrome laser printer grew significantly year-over-year.

In 2022, Lexmark is expected to generate a revenue of about US$2.3 billion, up more than 7% year-over-year. Lexmark printer sales units will grow more than 20% compared to the same period last year. Lexmark management report data show that the profit before interest, taxes, depreciation and amortization (EBITDA) is expected to be about US$250 million, down about 8% year-on-year.

2. Compatible printer consumables business

In 2022, Compatible printing consumables business revenue is predicted to increase about 11% year-over-year to about RMB6.10 billion (US$902.97 million).

3. Integrated circuit

In 2022, Geehy is expected to generate a revenue of about RMB1.90 billion (US$281.25 million), and printer consumables chip revenue is predicted to be about RMB1.30 billion (US$192.44 million).

Related:

• Ninestar Forecasts Results for Fiscal Year 2021
• Ninestar Group Explains Q3 Profit Growth
• Ninestar Net Profit Grows 102.49% in H1
• Ninestar Reports Growth in Q1 2022

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