NASDAQ · FINANCE SERVICES · SMALL CAP
The9 Ltd. NCTY
17 fiscal years on record · CNY · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
¥107.9M
▼ 3.4% vs FY2024
EPS · FY25
—
Dividend / sh · FY25
—
Payout · FY25
—
ROE · FY25
-154.4%
Net margin · FY25
-379.0%
Dividend coverage
—
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Result
CNY 107.9M
Revenue, FY2025 · full 17-year series below
Revenue
Net income
The company lost 379 cents on every revenue dollar this year.
Per share
—
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
-154.4%
Return on equity, FY2025
ROE
Operating margin-260.5%
Net margin-379.0%
Return on assets-66.5%
Each CNY of equity lost 154 cents this year.
Returned to shareholders
—
returned in FY2025 · dividends + net buybacks
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—
Growth
+180.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.9%
+180.1%
+8.8%
−0.0%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years−2.2%
Change, 10 years—
The share count shrank 2% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
CNY 593.7M
total assets, end of FY2025
Total assetsCNY 593.7M
EquityCNY 190.9M
CashCNY 58.5M
Gross debtCNY 174.5M
Net debtCNY 116.0M
Current ratio1.00×
Net debt stands at 61% of equity.
History
17 fiscal years
Every figure from documents filed with the SEC · CNY
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue ¥B
0.1
0.1
0.2
0.1
0.1
0.0
0.0
0.0
0.1
0.1
0.0
0.1
0.1
0.2
0.1
0.1
0.8
Operating income ¥B
−0.3
−0.1
−0.3
−0.7
−0.3
0.3
−0.2
−0.1
−0.1
−0.3
−0.3
−0.2
−0.5
−0.6
−0.4
−0.4
−0.5
EBITDA ¥B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax ¥B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
Net income ¥B
−0.4
−0.1
0.0
−1.0
−0.4
0.4
−0.2
−0.2
−0.1
−0.6
−0.4
−0.1
−0.5
−0.5
−0.3
−0.5
−0.4
EPS, diluted ¥
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh ¥
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
−0
−0
−50
ROE %
−154.4
−27.0
10.0
−237.3
−168.3
·
·
·
·
·
·
−60.0
−100.6
−50.2
−20.4
−32.6
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
58 of 65
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 7 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed