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Ninestar group reflects on financial results

Ninestar group reflects on financial results

May 6, 2019

In a “one picture” infographic released, the company describes fiscal year 2018 annual report highlights as well as fiscal year 2019 first quarter results.

Talking about fiscal year 2018, Ninestar Group describes that overall net profit for the group was up 153.89 percent, ¥634 million ($93.731 million/ €83.676 million). The first quarter of fiscal year 2019 already shows net profit growth compared to the previous quarter of 439.48 percent with revenues being up 1.70 percent compared to previous year’s first quarter.

The infographic goes on to show each business segment highlights starting with the chips business. Ninestar explains that the total revenue in this sector is of its company’s integrated circuit business (including Apex and SCC chips business). Highlights include total revenue in 2018 of ¥1.199 billion ($177.239 million/ €158.203 million) with a net profit of ¥672.63 million ($99.418 million/ €88.753).

Describing products in development, Ninestar says Apex’s “multifunctional laser printer SoC chip based on quad-core domestic CPU has entered the comprehensive testing stage of small batch production”, “a single function laser printer SoC chip based on 3-core domestic CPU completed the MPW projection and has entered testing stage” as well as “based on ARM Cortex M0+/M3/M4 series Universal MCU first chip successfully put into mass production”.

Looking at the consumables business unit, 2018 total revenue was ¥2.159 billion ($319.150 million/ €284.878 million) representing a year-on-year growth of 17.64 percent. However net profit was down 4.88 percent in fiscal year 2018 “due to an increase R&D expenses” according to Ninestar.

According to the company, with its automation, the company continues to increase its investment and “accelerates the construction of intelligent manufacturing” and “improve product quality”.

Lexmark’s 2018 highlights include a net profit of ¥366.88 million ($54.231 million/ €48.418 million) and revenue of ¥17.175 billion ($2.538 billion/ €2.266 billion). Looking at its install base, “the number of Lexmark printers sold decreased four percent to 1.42 million units, because Lexmark adjusted its sales strategy in Europe in 2018 and reduced hardware promotions”, Ninestar explains. According to the company the now Zhuhai-based production of Lexmark consumables “exceeded the expectation”.

Highlights for Pantum included “700,000 units worldwide in 2018” which represents a year-on-year growth of 51.5 percent. Ninestar highlights that in Russia Pantum sales reached 200,000 units, “making Pantum rank among the top three vendors in that market”.

Looking forward to 2019 Ninestar’s ambitions are for Lexmark to achieve growth in sales revenue and operating profit, for Pantum to “achieve breakthrough growth in the confidential market and commercial market” (amongst other things), for the chip business to take “full advantage of Core Electronic Devices, High-End generic chips and Basic Software Project’s support for IoT” (amongst others) and for its consumables business Ninestar looks to further expand market share and to continually invest in automation.

Categories : City News

Tags : Apex Finanacials Ninestar Outlook Static Control Components

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