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NCTYNasdaqFinance ServicesFiscal year ends December 31

The9 LTD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026
$3.28−0.09 (-2.67%)

Close on Oct 19, 2026

The9 statistics

Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Finance Services companies for comparison

Valuation

MeasureThe9Industry median
Market CapCN¥334.20MCN¥467.50M
Enterprise ValueCN¥429.14MCN¥594
PS Ratio3.100.61
PB Ratio1.750.15
P/TBV Ratio1.910.15

Enterprise value

MeasureThe9Industry median
EV / Sales3.98-0.07

Income (trailing twelve months)

MeasureThe9Industry median
RevenueCN¥107.90MCN¥2.86B
Gross ProfitCN¥1.81MCN¥109.02M
Operating Income-CN¥281.11M-CN¥85.75M
Pretax Income-CN¥408.81MCN¥483.15M
EBITDA-CN¥281.11MCN¥11.27M
EPS (Diluted)-0.18 CNY1.92 CNY

Margins

MeasureThe9Industry median
Gross Margin1.68%58.0%
Operating Margin-260.5%-47.7%
Pretax Margin-378.9%19.3%
EBITDA Margin-260.5%8.39%

Returns

MeasureThe9Industry median
Return on Invested Capital (ROIC)-61.4%-1.07%
Return on Capital Employed (ROCE)-112.3%

Growth

MeasureThe9Industry median
Revenue Growth (YoY)-3.42%-2.45%
Revenue Growth (3Y CAGR)0.93%0.93%
Revenue Growth (5Y CAGR)180.1%4.83%

Balance sheet

MeasureThe9Industry median
Cash & Short-Term InvestmentsCN¥58.49MCN¥2.16B
Total DebtCN¥174.48MCN¥409.53M
Net Cash (Debt)-CN¥115.99MCN¥1.13B
Net Cash Per Share-0.03 CNY1.85 CNY
Equity (Book Value)CN¥190.88MCN¥8.55B
Book Value Per Share0.04 CNY18.94 CNY
Tangible Book ValueCN¥175.08MCN¥8.53B
Working Capital-CN¥958.00KCN¥5.94B

Financial position

MeasureThe9Industry median
Current Ratio1.002.16
Quick Ratio0.170.22
Debt / Equity0.910.09
Interest Coverage-12.08

Cash flow (trailing twelve months)

MeasureThe9Industry median
Operating Cash Flow-CN¥31.76MCN¥980.49M

Efficiency

MeasureThe9Industry median
Asset Turnover0.180.14
Revenue Per EmployeeCN¥2.45MCN¥720.85K
Employee Count44643

Dividends and yields

MeasureThe9Industry median
Buyback Yield-9.43%10.8%
Shareholder Yield-9.43%10.8%

Shares

MeasureThe9Industry median
Shares Outstanding4,567,660,000469,036,000
Shares Change (YoY)62.0%2.86%
Float2,830,820,000194,899,000
Shares Held by Insiders38.0%40.2%
Shares Held by Institutions0.00%0.72%

Taxes

MeasureThe9Industry median
Income TaxCN¥110.00KCN¥173.99M

Scores

MeasureThe9Industry median
Altman Z-Score-12.210.90

Calculated by StockData from The9's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.