Ninestar Records Robust Profit Improvement in Q3 2024

Ninestar Records Robust Profit Improvement in Q3 2024

Ninestar recently unveiled its financial performance for the third quarter of fiscal year 2024, recording a significant profit surge.

During the reported period, Ninestar achieved a total operating revenue of CN￥6.6 billion (US$ 0.91 billion), up by 16.91% year-on-year. Net profit attributable to shareholders amounted to CN￥107.6 million (US$ 14.9million), and CN￥58.7 million (US$ 8.1 million) when excluding non-recurring factors, representing year-on-year increases of 177.64% and 139.11%, respectively. Profit saw even greater rises, 408.87% and 152.84% each, for all three quarters in this fiscal year.

Regarding aftermarket consumables business, despite a downturn of 37.82% in net profit, revenue experienced a steady growth of 13.8% to CN￥4.85 billion (US$ 0.67 million), marking a 13.8% increase compared to the same period last year. Sales of consumables also saw a similar rise of 13.88%.

For the two printer brands of Ninestar, Pantum reported an improved performance. Total revenue was CN￥3.18 billion (US$ 0.44 million), up by 9.79%, while net profit increased by 35.67% to CN￥475 million. Within the reported period, Pantum benefited from the recovery of information and innovation market, resulting in higher sales of both printers and OEM consumables.

On the other hand, Lexmark experienced an overall growth, with revenue increasing to US$1.655 billion, a 7.83% rise, printer sales growing by 29.49%, and EBITDA rising by 47.97% to US$207 million.

Related:

• Ninestar Reports Profit Surge in First Half of 2024
• Ninestar Continues to Fight for its Good Name in the USA
• Ninestar Forecasts Results for First Half of 2024
• Ninestar Refutes Financial Fraud Allegations on WeChat
• Ninestar Releases its 2023 ESG Report

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