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MARKETS / NASDAQ / JFU
NASDAQ · FINANCE SERVICES · SMALL CAP

9F Inc. JFU

9 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 134.3M
▲ 7.5% YoY
CNY 168.2M
▲ 236.5% YoY
CNY 205.0M
▲ 352.0% YoY
In brief

What this company does

9F Inc. is a digital technology and wealth management service provider. Through its Technology Empowerment Services, the company provides partners with services in user acquisition, risk management, consumption scenario perception and comprehension, and data modeling, using artificial intelligence technologies including machine learning, community discovery and natural language processing. The company's e-commerce business, rolled out in 2020, offers online retailing and offline B2B merchandise services through third-party e-commerce platforms, covering seven major categories of merchandise including 3C products, beauty and skin care products, food, household appliances, and liquor and beverages. It collaborates with over 50 suppliers in China and has cumulatively offered over 10,000 products. Through its subsidiaries Metaverse Securities Limited and Meta Futures Limited, it holds SFC Type 1, Type 2, Type 4, Type 5 and Type 9 licenses in Hong Kong, covering dealing in securities, dealing in futures contracts, advising on securities, advising on futures contracts, and asset management. It also holds a Hong Kong insurance brokerage license through its subsidiary Ether Wealth Management Limited. The company initially conducted its business through Jiufu Shuke, a company incorporated in China in December 2006, and in January 2014 incorporated its current holding company in the Cayman Islands under the name JIUFU Financial Technology Service Limited, which was renamed 9F Inc. in June 2014. On August 15, 2019, its ADSs commenced trading on the Nasdaq Global Market under the symbol "JFU."

Written from the business description in 9F Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 134.3M
Revenue, FY2025 · full 9-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 0.1 · Net income 0.2
2.5B5.0B-0.8B-1.6B201720182019202020212022202320242025
Compound annual growth
−4.6%
−36.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −36.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
125 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.4% · Net 124.6%
50%100%-100%-200%-300%201720182019202020212022202320242025
ROE
FY2025 · ROE 4.6%
10%20%30%-20%-40%201720182019202020212022202320242025

Each CNY of equity produced 5 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 0.2
1.0B2.0B-0.2B-0.4B201720182019202020212022202320242025

Total assetsCNY 4.3B
EquityCNY 3.7B
CashCNY 434.5M
DepositsCNY 586,000.00

Equity funds 86% of total assets.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue CNY B0.10.10.10.20.81.34.45.66.7
Operating income CNY B0.0−0.0−0.2−0.2−0.1−1.3···
EBITDA CNY B0.0−0.0−0.2−0.1−0.0−1.3···
Income tax CNY B0.10.00.00.00.00.5−0.20.40.4
Net income CNY B0.20.0−0.1−0.6−0.2−2.3−2.22.00.6
Free cash flow CNY B0.20.00.00.0−0.2·−0.52.32.8
EPS, diluted CNY 0.71·−0.60−2.55−1.10−11.37−12.439.412.93
Dividend / sh CNY ·········
Payout %·········
ROE %4.61.4−3.9−15.3−5.7−43.2−34.531.7·
Shares out B····0.230.200.200.160.15

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 32 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 44 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityFinance Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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