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    Electronic components
Pantum Technology Co., Ltd. Class A

Pantum Technology Co., Ltd. Class A

SSZSE:002180
16.49
CNY
+0.69
(+4.37%)
-0.46EPS
23.53BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.84
2.13
2.18
5.83
21.21
20.72
21.91
18.5
19.23
18.36
17.1
18.83
11.72
11.74
Basic EPS, GAAP
0.3
0.43
0.3
0.06
0.94
0.9
0.7
0.13
0.98
1.32
-4.4
0.53
-0.51
-0.43
Free Cash Flow per Basic Share
0.49
0.38
0.17
-0.21
-0.28
1.39
1.79
1.47
1.76
0.04
1.36
1.2
0.27
- -
Dividend per Share
0.4
0.11
0.05
0.28
0.85
1.12
0.84
0.84
0.68
0.43
0.68
0.54
0.27
0.27
Book Value per Share
1.45
1.21
1.9
1.76
3.82
4.81
5.62
7.81
10.13
11.21
6.7
7.05
6.36
6.42
Tangible Book Value per Share
1.44
1.19
1.75
-29.54
-15.1
-14.45
-13.35
-9.34
-2.48
-2.18
-0.37
0.46
5.27
5.29
Basic Weighted Avg Shares
552
789
941
996
1,005
1,058
1,063
1,141
1,186
1,408
1,407
1,402
1,409
1,416
Sales/Revenue/Turnover
463
1,679
2,049
5,805
21,324
21,926
23,296
21,116
22,792
25,855
24,062
26,415
16,515
16,628
Operating Margin (%)
34.52
23.1
16.61
0.46
-11.3
7.07
10.51
7.03
10.78
9.52
4.87
9.62
3.47
4.44
Depreciation Expense
1
17
53
292
1,734
1,372
1,300
1,160
1,102
1,247
1,353
1,210
801
- -
Net Income, GAAP
167
343
281
61
949
951
744
145
1,163
1,863
-6,185
749
-718
-609
Effective Tax Rate (%)
13.64
14.47
12.6
- -
- -
- -
25.21
- -
20.4
13.79
- -
38.97
- -
- -
Profit Margin (%)
36.05
20.41
13.73
1.05
4.45
4.34
3.2
0.69
5.1
7.21
-25.7
2.84
-4.35
-3.66
Working Capital
359
826
1,984
-3,186
-1,465
-1,661
-2,992
137
6,017
6,757
8,176
5,362
7,088
6,694
LT Debt
- -
- -
381
18,266
11,311
10,351
7,471
7,209
7,821
8,819
12,758
10,591
2,670
2,417
Total Equity
365
918
1,948
4,451
7,153
8,565
10,001
12,934
18,376
18,747
9,723
10,230
9,266
9,356
Return on Invested Capital (%)
41.63
45.79
15.63
- -
- -
- -
3.77
- -
5.84
6.78
- -
3.27
- -
- -
Return on Capital (%)
45.02
49.52
15.64
- -
- -
- -
5.56
- -
4.42
7.23
- -
5.04
- -
- -
Return on Common Equity (%)
45.28
54.44
20.15
3.32
32.52
20.72
13.41
2.02
10.26
12.35
-48.78
7.68
-7.53
-6.36

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
1,662
1,518
2,007
LT Borrowings
2,396
2,536
2,275
LT Finance Leases
118
134
142
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,423
1,422
1,422
Market Capitalization
32,643
28,750
23,532

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
29,299
11,468
11,064
Cash, Cash Equivalents & STI
3,401
3,450
3,364
Accounts Receivable, Net
2,262
1,763
1,795
Inventories
4,048
4,586
4,498
Total Current Liabilities
22,406
4,380
4,370
Payables & Accruals
- -
- -
- -
ST Debt
1,662
1,518
2,007
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.67%
-1.65%
-9.42%
Free Cash Flow
261.4%
683.46%
-77.7%
Net Income, GAAP
129.55%
4.28%
-195.86%
Sales/Revenue/Turnover
43.71%
-2.65%
-37.48%
Total Cash Common Dividend
62.76%
-10.72%
-49.86%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,292
6,502
6,600
7,021
26,415
2025
5,927
6,399
- -
2,011
16,515
2026
2,290
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.49
0.08
-0.23
0.53
2025
0.06
-0.28
- -
-0.26
-0.51
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.14
0.13
0.12
0.54
2025
0.12
0.11
- -
0.02
0.27
2026
0.02
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Dong Jie Wang
Full Time Employees
13,798
Sector
Electronic technology
Industry
Electronic components
Address
Building 01, 7th Floor, Section B Zhuhai GD China 519075
IPO Date
Nov 14, 2007
Website
ninestargroup.com
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Business
Ninestar Corporation (002180.SZ), founded in 2000 and headquartered in Zhuhai, Guangdong, China, engages in the research, development, production, and sales of printing and imaging products across the full industry chain; its three core business segments encompass laser printers under the PANTUM brand covering entry-level to high-end models including A3 copiers, integrated circuit chips via subsidiary Geehy Semiconductor featuring printer main control SoC chips, consumable chips, industrial-grade and automotive-grade microcontrollers, encryption chips, and IoT solutions, as well as compatible consumables and core components through brands such as APEXMIC, G&G, and Static Control that include laser toner cartridges, inkjet cartridges, ribbons, rollers, and related parts; the company operates globally in over 150 countries and regions with approximately 22,000 employees, 20% dedicated to R&D, and holds more than 6,000 patents. Ninestar listed on the Shenzhen Stock Exchange in 2014 and reported 2024 revenue of CNY 26.4 billion; it previously acquired Lexmark International in 2016 to bolster mid-to-high-end printers and managed print services before completing the divestiture of Lexmark to Xerox Holdings Corporation in July 2025 for $1.5 billion including net debt and liabilities, a transaction that contributed to a first-half 2025 net loss of CNY 312 million amid revenue of CNY 12.3 billion; recent developments include Pantum's 10% revenue growth to CNY 2.3 billion in H1 2025 driven by 115% surge in A3 copier sales despite overall printer shipment decline, Geehy's recognition among China's top 10 microcontroller companies in 2025 with its G32R501 model named MCU of the Year, and an MSCI ESG rating upgrade to A in 2024.