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Ninestar Releases Growing 2022 Financial Report
April 14, 2023
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Ninestar revenue turned out to be RMB¥25.86 billion (US$3.76 billion) in the year 2022, up 13.44% year-over-year. In 2022, Ninestar net profit turned out to be RMB¥2.05 billion (US$298.18 million), up 28.65% year-over-year. Net profit attributable to shareholders of the listed company was RMB¥1.86 billion (US$270.57 million), a year-on-year increase of 60.15%.


As of the end of the reporting period, the company’s net assets were RMB¥15.87 billion (US$2.31billion), an increase of 11.6% compared with the same period last year.



Laser Printer Business

Within the reporting period, Lexmark revenue turned out to be US$2.37 billion in 2022, up 7.34% year-over-year. Lexmark printer sales increased 20.87% year-over-year in units, and consumables revenue was in line with that of the same period last year. Lexmark’s full-year earnings before interest, tax, depreciation and amortization (EBITDA) was US$249 million, a year-on-year decrease of 8.96%.


Pantum revenue turned out to be RMB¥4.76 billion (US$692.42 million), up 23.01% year-over-year. Net profit was RMB¥762 million (US$110.84 million), up 12.15% year-over-year. By strengthening its operation, Pantum has ensured the sound operation of its supply chain system and maintained a stable operation rhythm. So far, Pantum printers have achieved growth in both shipments and market share for the past 7 consecutive years. Meanwhile, Pantum consumables shipments experienced rapid growth, due to the increase in Pantum printer installation.


Geehy Microelectronics Business

In 2022, Geehy shipments reached 456.88 million units, up 2.79% year-over-year. Revenue turned out to be RMB¥1.93 billion (US$280.71 million), up 34.61% year-over-year. Net profit turned out to be RMB¥712 million (US$103.57 million). Revenue for printer consumable chips turned out to be RMB¥1.3 billion (US$189.10 million), up 22.83% year-over-year.


Compatible printer consumables business

Within the reporting period, Ninestar compatible printer consumables business revenue turned out to be RMB¥6.12 billion (US$890.24 million), up 11.43% year-over-year. Net profit turned out to be RMB¥364 million (US$52.95 million), up 43.78% year-over-year. Ninestar has stepped up the promotion of high products, which results in a further increase of its market share, providing stable profit to its branded products and self-patented products.

 

*Source: the data is originated from Ninestar’s Chinese-language report. The translation is provided by the Recycling Times.

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