Ninestar (002180) Q3 2025 earnings summary

Executive summary

• Revenue for the first three quarters was ¥14.50 billion, down 25.21% year-over-year; net loss attributable to shareholders was ¥356 million, a decline of 132.94% year-over-year.

• Major asset restructuring completed with the sale of Lexmark International, resulting in a one-time loss of ¥516 million for the period.

• Asset-liability ratio dropped from 72% to 44% following the asset sale.

Financial highlights

• Q3 revenue was ¥2.18 billion, down 67% compared to the same quarter last year.

• Net loss attributable to shareholders in Q3 was ¥44 million, a decrease of 141.29% year-over-year.

• Operating cash flow for Q3 was ¥716 million, down 43% year-over-year.

• Basic and diluted EPS for the first three quarters were both -0.2505, down 132.67% and 132.75% year-over-year, respectively.

Outlook and guidance

• The company is focusing on strengthening its position in the domestic printer and integrated circuit markets, leveraging policy support for domestic products.

• Plans to expand in industrial electronics, automotive electronics, and robotics, with new product launches and strategic partnerships.