Ninestar unveiled its financial performance for the first half of fiscal year 2024, recording a significant rise in accordance with previous forecasts.
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During the reported period, Ninestar achieved a total operating revenue of CN￥ 12.794 billion (US$ 1.80 billion), up by 4.01% year-on-year. Net profit attributable to shareholders amounted to CN￥ 974 million (US$ 136.79 million), and CN￥ 624 million (US$ 87.61 million) when excluding non-recurring factors, representing year-on-year increases of 177.37% and 48.48%, respectively. These results are in line with the predictions Ninestar provided in its earlier financial forecasts.
| 2024 H1 | 2023 H1 | Change | |
| Operating Revenue | CN￥ 12.794 billion (US$ 1.80 billion) | CN￥ 12.794 billion (US$ 1.73 billion) | +4.01% |
| Net Profit Attributable to Shareholders | CN￥ 974 million (US$ 136.79 million) | CN￥ 351 million (US$ 49.28 million) | +177.37% |
| Net Profit Attributable to Shareholders (Excluding Non-recurring factors) | CN￥ 624 million (US$ 87.61 million) | CN￥ 420 million (US$ 58.97 million) | +48.48% |
| Total Asset | CN￥ 37.1 billion (US$ 5.2 billion) | CN￥ 38.27 billion (US$ 5.37 billion) | -3.08% |
| Gross Asset Attributable to Shareholders | CN￥ 10.18 billion (US$ 1.43 billion) | CN￥ 9.49 billion (US$ 1.33 billion) | +7.30% |
Revenue from aftermarket consumables reached CN￥ 3.192 billion (US$ 448.34 million), marking a 10% increase compared to the same period last year. Net profit and sales in this segment rose by 10% and 21%, respectively. In the printing device segment, Pantum reported an improved gross profit rate. Total revenue was CN￥ 2.102 billion (US$ 295.09 million), down by 4%, while net profit increased by 43% to CN￥ 386 million (US$ 54.17 million). Lexmark experienced overall growth, with revenue increasing to US$ 1.085 billion, a 6% rise, printer sales growing by 22%, and EBITDA surging by 45% to US$ 127 million.
In the first half of 2024, Ninestar continued to invest in its core businesses and global supply chain distribution. As a result of Ninestar’s commitment to development and innovation, the company launched several new printers, including Pantum’s self-developed A3 laser copier and G&G’s Feilong and Tianlong series laser printers.
Source: RTM World
Covered By: Imaging Solution / Ninestar
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