Ninestar reports last fiscal year earnings
Ninestar Corporation of Zhuhai, China, which owns Lexmark, released results for its fiscal year ending on December 31, 2020, and for its first quarter of 2021, which ended on March 31, 2021.
- reported full-year revenue of 19.585 billion CNY, down 15.93%
- Net profit was 87.94 million CNY, down 88.18%
- for its first quarter, Ninestar reported 4.86 billion CNY, down 7.31%
o net profit was 215.33 million CNY, up 610.50%
- Lexmark printer/MFP division had full-year revenue of 13.8 billion CNY, down
23.16%
o Reported a loss of 548.3 million CNY, down 645.11%
o shipped 1.133 million devices in 2020, down 26%
o For last quarter, overall sales increased 11%
- Pantum printer/MFP division reported revenue of 2.25 billion CNY, up 50%
o net profit was 282.9 million CNY, up 41%
o shipping 1.773 million devices in 2020, up 54%
- Printer/MFP-consumables business reported revenue of 5.0 billion CNY up 17.97%
o Net profit was 311.25 million CNY, a year-over-year decline of 11.18%