The printer manufacturer’s profits soared 790% after the epidemic eased and demand released



Nastar, a world-famous laser printer manufacturer, recently released its 2020 performance express. Its annual revenue reached 19.725 billion yuan, a year-on-year decrease of 15.33%. In addition, its shareholder profit decreased by 88.22% to 87.6547 million yuan.

Moreover, the performance forecast for the first quarter of 2021 was also disclosed on the same day. According to the forecast, a profit of 180 million to 270 million yuan will be achieved in the first quarter of 2021, an increase of 493.91% – 790.87% compared with the same period last year

As for the huge increase in performance, the announcement said that due to the acceleration of global vaccination, the global epidemic began to ease, the printer market also showed a growth trend, and the demand for consumables also began to be released. As a result, the sales and revenue of printer consumables and electronic modules increased to varying degrees. In addition, the derivative financial products purchased by the company also achieved good investment results. According to the exchange rate conversion at the end of February, the overall profit increased by 63 million yuan.

Nastar, founded in 2001, is one of the top five laser printer manufacturers in the world. Its main business is printer machine, consumables and printing management services. The company realizes the whole ecological industrial chain layout from parts to printing equipment and management services. At the close of March 18, nastar’s valuation rose to HK $26331, with a total market value of 28.3 billion yuan.

Author: yys

 


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