Ninestar (002180) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months reached ¥19.39 billion, up 8.07% year-over-year; net profit attributable to shareholders was ¥1.08 billion, surging 408.87% year-over-year.

• Adjusted net profit (excluding non-recurring items) was ¥682 million, up 152.84% year-over-year.

• Third quarter revenue was ¥6.60 billion, up 16.91% compared to the same quarter last year; net profit attributable to shareholders was ¥108 million, up 177.64%.

• Significant profit growth driven by improved performance in printing and integrated circuit businesses, as well as asset disposals and investment returns.

Financial highlights

• Basic EPS for the first nine months was ¥0.7668, up 412.22% year-over-year; diluted EPS was ¥0.7649, up 412.32%.

• Operating cash flow for the first nine months was ¥1.26 billion, down 13.01% year-over-year.

• Total assets at quarter-end were ¥37.63 billion, down 1.68% from the previous year-end.

• Owner's equity attributable to shareholders increased 9.30% to ¥10.37 billion.

Segment performance

• Pantum printer business revenue for the first nine months was ¥3.18 billion, up 9.79% year-over-year; net profit was ¥475 million, up 35.67%.

• Lexmark printer business revenue was $1.655 billion, up 7.83% year-over-year; EBITDA was $207 million, up 47.97%.

• Integrated circuit business revenue was ¥1.04 billion, down 5.37% year-over-year; net profit was ¥353 million, up 127.65%.

• General consumables business revenue was ¥4.85 billion, up 13.80% year-over-year; net profit was ¥72 million, down 37.82%.