Company Analysis

The9 Limited American Depository Shares (NCTY)

Nasdaq: NCTY · Finance Services · Shanghai, CN · filing with the SEC since 2004
Grade4.5
◀ Past 5.6● Present 3.3▶ Future 4.5
2 est.

Income statement, as filed

In Chinese yuan (CNY), as filed; per-share figures in Chinese yuan; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedApr 16, 2026Apr 28, 2025Apr 15, 2024May 1, 2023May 2, 2022Mar 29, 2021Apr 30, 2020Apr 29, 2019Apr 27, 2018Apr 7, 2017
Revenue107,898,000111,714,000174,045,000r104,929,000r135,576,323r625,488341,49517,492,41573,208,16656,285,522
Cost of revenue106,089,000113,318,000213,179,000r152,307,000r87,801,249r814,1361,342,26616,435,59023,782,05448,518,779
Gross profit1,809,000-1,604,000-39,134,000r-47,378,000r47,775,074r-188,648-1,000,771996,26849,366,5027,680,507
Research and development9,798,000856,0001,970,000r2,433,000r1,917,5622,438,09513,090,53024,555,30845,112,39677,991,408
Sales and marketing33,951,000246,0001,729,000r3,496,000r671,888r646,4922,114,5192,325,8189,089,96921,286,647
General and administrative205,816,000157,832,000196,790,000r359,935,000r290,322,434r108,747,919113,867,00089,583,331108,824,680129,047,846
Total operating expenses282,923,00057,160,000278,619,000r614,154,000r355,438,602r-336,869,597162,746,124105,991,298163,027,045306,891,563
Operating income-281,114,000-58,764,000-317,753,000r-661,532,000r-307,663,528r336,708,307-163,716,655-104,765,492-113,310,589-295,606,307
Interest expense23,264,00034,224,00031,379,00023,337,000119,174,0374,070,17934,501,556104,776,67483,922,20056,471,609
Interest and investment income449,000····429,73218,576193,92830,525161,144
Share of profit of equity-method investments-571,000-1,122,00000-1,725,152-2,165,935-2,847,260-4,292,887-2,937,131-110,535,486
Other income (expense), net2,204,000-5,082,0008,324,000r10,753,000r-44,589,6702,005,1439,372,6521,598,6634,669,5873,179,508r
Income before income taxes-408,235,000-72,520,000-144,277,000r-693,406,000r-390,967,727r402,764,770-193,321,480-234,991,909-169,704,427-562,633,741
Income tax expense110,00000007,165,097000-6,079,282
Income from continuing operations-408,916,000-73,642,000-144,277,000r-693,406,000r-392,692,879·····
Income from discontinued operations··156,853,000r-286,086,000r-24,132,389·····
Net income including non-controlling interests-408,916,000-73,642,00012,576,000r-979,492,000r-416,825,268393,433,738-196,168,740-239,284,796-112,092,907-667,089,945
Net income to non-controlling interests-6,470,000-218,000-7,427,000r-4,633,000r-5,590,513··-16,332,9683,955,640-58,584,204
Net income·-73,424,00020,003,000r-974,859,000r-411,234,755397,883,388-177,795,168-217,092,926-118,165,850r-593,781,589r
Net income to common shareholders-402,446,000-73,424,00020,003,000r-974,859,000r-411,234,755396,693,266-190,622,766-258,011,699-175,292,083-676,671,777
Earnings per share, basic-0.18-0.050.02-1.36r-0.832.42-1.79···
Earnings per share, diluted-0.18-0.050.02-1.36r-0.832.42-1.79···
Earnings per share, basic and diluted·····2.42-1.79-4.15-5.24-28.34
Weighted average shares, basic2,273,782,0001,403,166,000r1,010,895,000r720,237r495,304,894163,599,920106,407,008···
Weighted average shares, diluted2,273,782,0001,403,166,000r1,010,895,000r720,237,000rb495,304,894163,599,920106,407,008···
Weighted average shares, basic and diluted·····163,599,920106,407,00862,114,76033,426,44823,874,102
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton NCTY · research, not advice