Ninestar (002180) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 5.93 billion, down 5.79% year-over-year; net profit attributable to shareholders was RMB 84.38 million, down 69.64% year-over-year.

• Operating cash flow was negative RMB 412.85 million, a significant decline from positive RMB 196.81 million in Q1 2024.

• Major business segments, including printers and integrated circuits, experienced revenue and profit declines.

Financial highlights

• Revenue: RMB 5.93 billion, down 5.79% year-over-year.

• Net profit attributable to shareholders: RMB 84.38 million, down 69.64% year-over-year.

• Basic and diluted EPS: RMB 0.0593, down 69.82% year-over-year.

• Operating cash flow: negative RMB 412.85 million, down 309.77% year-over-year.

• Total assets: RMB 36.04 billion, down 3.51% from year-end 2024.

Outlook and guidance

• Strategic inventory increases and higher procurement payments impacted cash flow.

• Increased R&D, branding, and offline service investments in printer business expected to support long-term growth.