Ninestar Corporation has released its financial forecast for 2024, expecting a significant turnaround in its performance. The company anticipates a net profit attributable to shareholders of between CNï¿¥650 million (US$89.6 million) and CNï¿¥950 million (US$130.9 million). Excluding the impact of long-term asset impairment, the forecasted net profit attributable to shareholders will range from CNï¿¥1.4 billion (US$0.19 billion) to CNï¿¥1.6 billion (US$0.22 million).
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2024 Performance Forecast
| Item | This Period (2024) | Same Period Last Year (2023) |
| Net Profit Attributable to Shareholders | Profit: CN￥650 million to CN￥950 million(US$89.6 – US$130.9 million) | Loss: CN￥618.51 million(US$85.45 million) |
| Net Profit Excluding Non-Recurring Items | Profit: CN￥335 million to CN￥500 million(US$46.2 – 68.9 million) | Loss: CN￥629.73 million(US$86.80 million) |
| Basic Earnings Per Share (EPS) | Profit: CN￥0.4591 to 0.6710/share(US$ 0.06 – 0.09) | Loss: CN￥4.3950 /share(US$0.6) |
Pantum Printer Business
In 2024, Pantum is expected to generate approximately CNï¿¥4.6 billion (US$0.63 billion) in revenue, marking an 18% year-on-year increase. Net profit is expected to reach around CNï¿¥600 million (US$82.7 million) ), a 10% increase from last year. This growth is largely attributed to increased consumable sales, which have contributed to a steady improvement in Pantum’s overall gross margin for the past three years.
During the reporting period, Pantum’s R&D expenses grew by approximately 76%, and its sales expenses increased by about 56%. Printer sales increased by 13% year-on-year, with Q4 sales showing a 23% quarter-on-quarter growth. Pantum’s overseas sales now account for nearly 50% of its total shipments, a 10% increase compared to last year.
Domestic commercial market sales grew by 6%, while A3 printer sales grew by 132%, with Q4 showing an impressive 400% quarter-on-quarter growth. Pantum’s shipments to the domestic IT industry market increased by 50%, and with a strong order book, the company expects to continue its rapid growth into 2025.
Lexmark Printer Business
Lexmark, a subsidiary of Ninestar, is expected to generate around US$2.225 billion in revenue in 2024, marking a 7% year-on-year increase. Printer sales are projected to grow by about 30%. According to Lexmark’s management reports , its EBITDA is expected to be around $283 million.
Geehy Microelectronics
Geehy Microelectronics expects to achieve approximately CNï¿¥1.4 billion (US$0.19 billion) in revenue in 2024, showing little change compared to last year. Net profit is anticipated to be around CNï¿¥430 million (US$59.27 Million), reflecting a 146 % year-on-year increase. Chip sales are expected to reach about 560 million units, a 15% increase compared to last year, with non-printing consumable chip sales growing by 20%. The company’s R&D investment is expected to account for more than 30% of its total revenue.
Aftermarket Consumables Business
In 2024, the aftermarket consumables business is forecast to generate around cnï¿¥6.2 billion (US$0.85 billion) in revenue, a 12% year-on-year increase. Sales volume is expected to grow by about 12%, with net profit anticipated to reach CNï¿¥80 million (US$11.03 million), a 38% decrease compared to the previous year. Despite this decline in profit, the business is focusing on new growth areas such as online sales, consumables recycling, and A3 copier consumables, which have increased operating costs. However, these investments are laying a solid foundation for future market share growth and profitability.
Source:Â RTM World
Covered By: Imaging Solution / Ninestar
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