Ninestar (002180) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥12.79 billion, up 4% year-over-year; net profit attributable to shareholders was ¥973.64 million, up 177%.

• Excluding non-recurring items, net profit was ¥623.52 million, up 48% year-over-year.

• Printing business remains the core, with global market share ranking fourth; integrated circuit design business holds a leading domestic position.

• Company continues to invest in R&D, product innovation, and international expansion.

Financial highlights

• Operating income: ¥12.79 billion, up 4.01% year-over-year.

• Net profit attributable to shareholders: ¥973.64 million, up 177.37% year-over-year.

• Basic EPS: ¥0.6891, up 178.31% year-over-year.

• Operating cash flow: ¥491.16 million, down 35.85% year-over-year.

• Total assets: ¥37.09 billion, down 3.08% from year-end 2023.

Outlook and guidance

• Company expects continued growth in the Chinese printer market, driven by rising household penetration and digitalization.

• Integrated circuit sector to benefit from national policy support and strong domestic demand.

• Focus remains on product innovation, high-end product line expansion, and international market development.