Ninestar Forecasts Results for First Half of 2024

Ninestar has released its performance forecast for the first half of fiscal year 2024, indicating a profound growth in net profit.

Item	Within the Reported Period	Previous Year
Net Profit Attributable to Shareholders of Listed Companies	Profit: CNY ￥850 million – CNY ￥1050 million (US $117.04 million – US $144.58 million)	Profit: CNY ￥351.02 million (US $48.33 million)
Net Profit Attributable to Shareholders of Listed Companies	Growth: 142.15% – 199.12%	Profit: CNY ￥351.02 million (US $48.33 million)
Net Profit Excluding Non-recurring Loss and Profit	Profit: CNY ￥550 million – CNY ￥750 million (US $75.73 million – US $103.27 million)	Profit: CNY ￥419.92 million (US $57.82 million)
Net Profit Excluding Non-recurring Loss and Profit	Growth: 30.98% – 78.60%	Profit: CNY ￥419.92 million (US $57.82 million)
Basic Earnings per Share	Profit: CNY ￥0.6055 – CNY ￥0.7479 (US $0.0834 – US $ 0.103)	Profit: CNY ￥0.2476 (US $0.0341)

The better performance in the first half of 2024 was mainly attributed to the increase in printer revenue. During the reporting period, Lexmark has earned a total of USD $1.08 billion, up by 5%, with an EBITDA of approximately USD $130 million, demonstrating an increase of 46%. On the other hand, despite a slight drop of 4% in revenue, Pantum observed a manifest growth of 40% in net profit to approximately CNY ￥400 million (USD $55.08 million). In printer consumables business, Ninestar has earned a total of CNY ￥320 million and net profit of CNY ￥90 million, projecting a rise of 10%.

Ninestar has been increasing in printer sales for three consecutive quarters since 2023 Q3, with a growth of around 20% in Q2 this year. Oversea market in particular saw a robust growth of about 50%.

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Ninestar Forecasts Results for First Half of 2024