Ninestar(SZ:002180)2025-04-29 11:20Financial Performance - The company's revenue for Q1 2025 was CNY 5.93 billion, a decrease of 5.79% compared to CNY 6.29 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 84.38 million, down 69.64% from CNY 277.90 million year-on-year[5]. - The total operating revenue for the current period is ¥5,927,421,584.72, a decrease of 5.8% from ¥6,291,993,266.32 in the previous period[29]. - Net profit for the current period is ¥85,922,510.28, a decline of 71.5% compared to ¥302,786,760.17 in the previous period[30]. - Basic earnings per share decreased to ¥0.0593 from ¥0.1965, reflecting a significant drop in profitability[30]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 412.85 million, a decline of 309.77% compared to a positive CNY 196.81 million in the previous year[5]. - As of March 31, 2025, the company's total current assets amount to RMB 17.12 billion, down from RMB 18.39 billion at the beginning of the period, representing a decrease of approximately 6.93%[26]. - The company's cash and cash equivalents decreased from RMB 4.72 billion to RMB 3.59 billion, a decline of about 23.93%[26]. - The ending cash and cash equivalents balance was 3,494,996,595.19 CNY, down from 7,338,288,194.22 CNY, reflecting a decrease of approximately 52.4%[33]. - The company reported a credit impairment loss of ¥25,669,731.83, contrasting with a gain of ¥17,414,095.15 in the previous period[30]. Business Segments - The revenue from the Pantum printer business was CNY 999.2 million, down 3.34% year-on-year, with a net profit of CNY 97 million, down 49.89%[12]. - The integrated circuit business, Jihai Micro, reported revenue of CNY 254 million, down 19.72%, with a net profit of CNY 12 million, down 70.40%[14]. - The general consumables business generated revenue of CNY 1.32 billion, with a net profit of CNY 16 million, and overall shipments decreased by 0.56%[15]. - The non-consumable chip revenue increased by 58.52% to CNY 104 million, with total chip shipments reaching 125 million, a year-on-year increase of 9.38%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 60,118[17]. - The largest shareholder, Zhuhai Saina Technology Co., Ltd., holds 28.82% of the shares, totaling 410,093,916 shares[19]. - The company has repurchased a total of 7,350,100 shares, accounting for 0.52% of the total share capital, with a total payment of approximately RMB 159.85 million[22]. - The company plans to repurchase shares at a price not exceeding RMB 40.42 per share, with a total repurchase fund of no less than RMB 200 million and not exceeding RMB 400 million[21]. Investment and R&D - The company plans to increase investment in R&D, brand promotion, and offline service channel construction, leading to a 21.45% increase in expenses in the Pantum business[12]. - Research and development expenses were ¥406,329,332.13, down from ¥433,862,061.76, reflecting a focus on cost management[29]. Major Transactions - The company is in the process of selling 100% equity of Lexmark International II, LLC to Xerox Corporation[23]. - The company has completed the necessary legal procedures for the major asset sale, ensuring compliance and validity[24]. - The company has no significant changes in the participation of major shareholders in margin financing and securities lending[20].