View Past PerformanceThe9 バランスシートの健全性財務の健全性 基準チェック /46The9の総株主資本はCN¥169.8M 、総負債はCN¥222.6Mで、負債比率は131.1%となります。総資産と総負債はそれぞれCN¥593.7MとCN¥423.9Mです。主要情報131.08%負債資本比率CN¥222.63m負債インタレスト・カバレッジ・レシオn/a現金CN¥58.49mエクイティCN¥169.84m負債合計CN¥423.91m総資産CN¥593.75m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Apr 17Full year 2025 earnings released: CN¥53.10 loss per share (vs CN¥15.70 loss in FY 2024)Full year 2025 results: CN¥53.10 loss per share (further deteriorated from CN¥15.70 loss in FY 2024). Revenue: CN¥107.9m (down 3.4% from FY 2024). Net loss: CN¥402.4m (loss widened 448% from FY 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.New Risk • Feb 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$76.2m market cap).Reported Earnings • Dec 24First half 2025 earnings released: CN¥12.02 loss per share (vs CN¥0.053 profit in 1H 2024)First half 2025 results: CN¥12.02 loss per share (down from CN¥0.053 profit in 1H 2024). Revenue: CN¥62.1m (down 33% from 1H 2024). Net loss: CN¥68.9m (down CN¥69.1m from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Nov 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$85.4m market cap).お知らせ • Nov 13The9 Limited, Annual General Meeting, Dec 22, 2025The9 Limited, Annual General Meeting, Dec 22, 2025, at 14:00 China Standard Time. Location: bny mellon office, room no. 2602,26/f three pacific place, 1queens road east, wanchai., Hong Kongお知らせ • Sep 23The9 Limited Announces Impersonation of the9bit on A Crypto PlatformThe9 Limited announced to the9bit community and the wider public that accounts and token listings on a crypto platform are impersonating the9bit and claiming affiliation with the9bit. These accounts and tokens are unauthorized, fraudulent, and not connected to the9bit in any way. Please note: the9bit has not launched nor endorsed any tokens on any crypto exchange yet. Currently any listings, messages, or wallets claiming to represent the9bit are scams. Do not interact with, send funds to, or otherwise engage with these impersonating listings. What the9bit is doing to protect the community: the9bit has contacted that crypto platform's legal team and their support channels to report the impersonation and are actively working with them to determine what actions can be taken to remove the fraudulent listings and prevent further abuse. the9bit is monitoring the situation closely and will share updates through the official channels.New Risk • Aug 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).分析記事 • Aug 17Some The9 Limited (NASDAQ:NCTY) Shareholders Look For Exit As Shares Take 25% PoundingNasdaqCM:NCTY 1 Year Share Price vs Fair Value Explore The9's Fair Values from the Community and select yours To the...New Risk • Aug 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$95.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$95.8m market cap).New Risk • Jun 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$99.6m market cap).分析記事 • Jun 14Some Confidence Is Lacking In The9 Limited (NASDAQ:NCTY) As Shares Slide 31%The9 Limited ( NASDAQ:NCTY ) shareholders that were waiting for something to happen have been dealt a blow with a 31...New Risk • Apr 29New major risk - Revenue and earnings growthEarnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.68, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 31x in the Software industry in the US. Total loss to shareholders of 51% over the past three years.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$10.74, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 30x in the Software industry in the US. Total loss to shareholders of 62% over the past three years.New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$97.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$97.6m market cap).お知らせ • Apr 01The9 Limited announced that it expects to receive $8 million in funding from Bripheno Pte. Ltd. and other investorsThe9 Limited announced that it has entered into a purchase agreement to issue class A common shares for the gross proceeds of $8 million on March 31, 2025. The shares issued are subject to statutory lock-up period. The transaction will include participation from Bripheno Pte. Ltd., Elune Capital, Fine Vision Fund.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$14.60, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 29x in the Software industry in the US. Total loss to shareholders of 51% over the past three years.分析記事 • Mar 07The9 Limited's (NASDAQ:NCTY) 28% Share Price Plunge Could Signal Some RiskUnfortunately for some shareholders, the The9 Limited ( NASDAQ:NCTY ) share price has dived 28% in the last thirty...Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$12.71, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 38x in the Software industry in the US. Total loss to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$14.10, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 39x in the Software industry in the US. Total loss to shareholders of 76% over the past three years.分析記事 • Jan 13The9 Limited's (NASDAQ:NCTY) Share Price Could Signal Some RiskIt's not a stretch to say that The9 Limited's ( NASDAQ:NCTY ) price-to-sales (or "P/S") ratio of 5.7x right now seems...Reported Earnings • Jan 05First half 2024 earnings released: EPS: CN¥0.053 (vs CN¥91.33 loss in 1H 2023)First half 2024 results: EPS: CN¥0.053 (up from CN¥91.33 loss in 1H 2023). Revenue: CN¥92.1m (down 5.1% from 1H 2023). Net income: CN¥226.0k (up CN¥268.6m from 1H 2023). Profit margin: 0.2% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.お知らせ • Nov 20The9 Limited, Annual General Meeting, Dec 27, 2024The9 Limited, Annual General Meeting, Dec 27, 2024, at 14:00 China Standard Time. Location: bny mellon office, room no. 4, 26/f three pacific place, 1 queen`s road east, hong kong, ChinaNew Risk • Nov 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (US$74.5m market cap).分析記事 • Aug 06Market Cool On The9 Limited's (NASDAQ:NCTY) Revenues Pushing Shares 29% LowerThe9 Limited ( NASDAQ:NCTY ) shareholders won't be pleased to see that the share price has had a very rough month...分析記事 • Jun 18The9 Limited (NASDAQ:NCTY) Stock Rockets 32% But Many Are Still Ignoring The CompanyDespite an already strong run, The9 Limited ( NASDAQ:NCTY ) shares have been powering on, with a gain of 32% in the...お知らせ • Jun 05The9 Limited (NasdaqCM:NCTY) agreed to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $ 8.16 million.The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $8.16 million on June 3, 2024. The consideration consists of $1.5 million in cash and issuance of 948,218 ADSs.お知らせ • May 25The9 Limited announced that it expects to receive $3.5 million in funding from Finewill CapitalThe9 Limited announced a private placement of class A ordinary shares for the gross proceeds of $3.5 million on May 24, 2024. The transaction will include participation from new investor, Fine Vision Fund , a fund managed by, Finewill Capital. These shares to be issued are subject to the statutory lock-up period. The invetsor will invest with upfront investment of $2.5 million and second installment of $1 million which is based on a pre-agreed condition.お知らせ • May 21The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times (Xiamen) Technology Co.,Ltd.The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times (Xiamen) Technology Co.,Ltd. on May 20, 2024. Pursuant to the Agreement, The9 will pay cash consideration of $1.5 million and will issue 318,448,800 restricted Class A ordinary shares (equivalent to 1,061,496 ADSs) to KuaiJin, which will be subject to lock-up conditions. The9 is also granted a purchase option to purchase up to 51% of the total shares of KuaiJin. The purchase option is exercisable within 2 years and will be based on KuaiJin's valuation at $60 million.分析記事 • May 03A Piece Of The Puzzle Missing From The9 Limited's (NASDAQ:NCTY) 27% Share Price ClimbThe9 Limited ( NASDAQ:NCTY ) shares have continued their recent momentum with a 27% gain in the last month alone. The...Reported Earnings • Apr 17Full year 2023 earnings released: CN¥40.61 loss per share (vs CN¥406 loss in FY 2022)Full year 2023 results: CN¥40.61 loss per share (improved from CN¥406 loss in FY 2022). Revenue: CN¥179.0m (up 51% from FY 2022). Net loss: CN¥136.8m (loss narrowed 86% from FY 2022).お知らせ • Mar 27The9 Limited (NasdaqCM:NCTY) entered into a definitive share purchase agreement to acquire additional 21.7% stake in WM Therapeutics Co., Ltd. for approximately $6.1 million.The9 Limited (NasdaqCM:NCTY) entered into a definitive share purchase agreement to acquire additional 21.7% stake in WM Therapeutics Co., Ltd. for approximately $6.1 million on March 26, 2024. The consideration includes cash consideration of $1.5 million and issuance of 251.3 million restricted Class A ordinary shares equivalent to 0.84 million ADSs. Prior to the transaction, The9 Limited (NasdaqCM:NCTY) held 8.3%. The9 is also granted a purchase option to purchase up to 51% of the total shares of WM Therapeutic under certain conditions.分析記事 • Mar 05Cautious Investors Not Rewarding The9 Limited's (NASDAQ:NCTY) Performance CompletelyWith a price-to-sales (or "P/S") ratio of 1x The9 Limited ( NASDAQ:NCTY ) may be sending very bullish signals at the...お知らせ • Feb 22The9 Limited signed an term sheet to acquire 19% stake in Zhejiang Fazhidao Information Technology Co., Ltd. for $15.6 million.The9 Limited signed an term sheet to acquire 19% stake in Zhejiang Fazhidao Information Technology Co., Ltd. for $15.6 million on February 21, 2024.New Risk • Dec 31New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CN¥185m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CN¥185m). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$34.0m market cap).お知らせ • Nov 30The9 Limited announced that it has received $12 million in funding from Bripheno Pte. Ltd.,The9 Limited announced that it has announced a private placement of 150,000,000 class A ordinary shares at a price of $0.04 per share for the gross proceeds $6 million and two-year 3% per annum convertible promissory note at a price of $6 million and warrants for the gross proceeds of $12 million on November 30, 2023. The notes will be convertible into American depository shares with the conversion price of $15 per share and warrants to purchase an aggregate of 120,000,000 class A ordinary shares at an exercise price of $60 per ADS. The warrants will expire two years from the date of issuance. The issued securities are subject to a 6-month lock up period. The transaction will include participation from new investor, Bripheno Pte. Ltd.,お知らせ • Nov 17The9 Limited, Annual General Meeting, Dec 22, 2023The9 Limited, Annual General Meeting, Dec 22, 2023, at 14:00 China Standard Time. Location: BNY Mellon Office, Room No. 2602, 26/F Three Pacific Place 1 Queen's Road East Wanchai Hong KongNew Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (US$29.3m market cap).New Risk • Oct 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding).New Risk • Aug 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥408m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (US$25.9m market cap).New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥408m free cash flow). Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (US$30.0m market cap).Reported Earnings • Dec 26First half 2022 earnings released: CN¥26.75 loss per share (vs CN¥11.19 loss in 1H 2021)First half 2022 results: CN¥26.75 loss per share (further deteriorated from CN¥11.19 loss in 1H 2021). Net loss: CN¥579.7m (loss widened 361% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 03Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: CN¥135.9m (up CN¥135.2m from FY 2020). Net loss: CN¥411.2m (down 204% from profit in FY 2020). Revenue missed analyst estimates by 54%.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.財務状況分析短期負債: NCTYの 短期資産 ( CN¥342.4M ) は 短期負債 ( CN¥343.4M ) をカバーしていません。長期負債: NCTYの短期資産 ( CN¥342.4M ) が 長期負債 ( CN¥80.5M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: NCTYの 純負債対資本比率 ( 96.6% ) は 高い と見なされます。負債の削減: NCTYは 5 年前には株主資本がマイナスでしたが、現在はプラスになっており、改善されています。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: NCTYは、現在の フリーキャッシュフロー に基づき、1 年以上にわたって十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: NCTYは、フリー キャッシュ フローが毎年5.2 % の歴史的成長率で成長し続ける場合、 1.3年間十分なキャッシュ ランウェイを有します。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 19:12終値2026/05/07 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋The9 Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関Eddie LeungBofA Global ResearchAlicia YapCitigroup IncDi WeiJ.P. Morgan5 その他のアナリストを表示
Reported Earnings • Apr 17Full year 2025 earnings released: CN¥53.10 loss per share (vs CN¥15.70 loss in FY 2024)Full year 2025 results: CN¥53.10 loss per share (further deteriorated from CN¥15.70 loss in FY 2024). Revenue: CN¥107.9m (down 3.4% from FY 2024). Net loss: CN¥402.4m (loss widened 448% from FY 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
New Risk • Feb 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$76.2m market cap).
Reported Earnings • Dec 24First half 2025 earnings released: CN¥12.02 loss per share (vs CN¥0.053 profit in 1H 2024)First half 2025 results: CN¥12.02 loss per share (down from CN¥0.053 profit in 1H 2024). Revenue: CN¥62.1m (down 33% from 1H 2024). Net loss: CN¥68.9m (down CN¥69.1m from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$85.4m market cap).
お知らせ • Nov 13The9 Limited, Annual General Meeting, Dec 22, 2025The9 Limited, Annual General Meeting, Dec 22, 2025, at 14:00 China Standard Time. Location: bny mellon office, room no. 2602,26/f three pacific place, 1queens road east, wanchai., Hong Kong
お知らせ • Sep 23The9 Limited Announces Impersonation of the9bit on A Crypto PlatformThe9 Limited announced to the9bit community and the wider public that accounts and token listings on a crypto platform are impersonating the9bit and claiming affiliation with the9bit. These accounts and tokens are unauthorized, fraudulent, and not connected to the9bit in any way. Please note: the9bit has not launched nor endorsed any tokens on any crypto exchange yet. Currently any listings, messages, or wallets claiming to represent the9bit are scams. Do not interact with, send funds to, or otherwise engage with these impersonating listings. What the9bit is doing to protect the community: the9bit has contacted that crypto platform's legal team and their support channels to report the impersonation and are actively working with them to determine what actions can be taken to remove the fraudulent listings and prevent further abuse. the9bit is monitoring the situation closely and will share updates through the official channels.
New Risk • Aug 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
分析記事 • Aug 17Some The9 Limited (NASDAQ:NCTY) Shareholders Look For Exit As Shares Take 25% PoundingNasdaqCM:NCTY 1 Year Share Price vs Fair Value Explore The9's Fair Values from the Community and select yours To the...
New Risk • Aug 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$95.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$95.8m market cap).
New Risk • Jun 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$99.6m market cap).
分析記事 • Jun 14Some Confidence Is Lacking In The9 Limited (NASDAQ:NCTY) As Shares Slide 31%The9 Limited ( NASDAQ:NCTY ) shareholders that were waiting for something to happen have been dealt a blow with a 31...
New Risk • Apr 29New major risk - Revenue and earnings growthEarnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.68, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 31x in the Software industry in the US. Total loss to shareholders of 51% over the past three years.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$10.74, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 30x in the Software industry in the US. Total loss to shareholders of 62% over the past three years.
New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$97.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (US$97.6m market cap).
お知らせ • Apr 01The9 Limited announced that it expects to receive $8 million in funding from Bripheno Pte. Ltd. and other investorsThe9 Limited announced that it has entered into a purchase agreement to issue class A common shares for the gross proceeds of $8 million on March 31, 2025. The shares issued are subject to statutory lock-up period. The transaction will include participation from Bripheno Pte. Ltd., Elune Capital, Fine Vision Fund.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$14.60, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 29x in the Software industry in the US. Total loss to shareholders of 51% over the past three years.
分析記事 • Mar 07The9 Limited's (NASDAQ:NCTY) 28% Share Price Plunge Could Signal Some RiskUnfortunately for some shareholders, the The9 Limited ( NASDAQ:NCTY ) share price has dived 28% in the last thirty...
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$12.71, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 38x in the Software industry in the US. Total loss to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$14.10, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 39x in the Software industry in the US. Total loss to shareholders of 76% over the past three years.
分析記事 • Jan 13The9 Limited's (NASDAQ:NCTY) Share Price Could Signal Some RiskIt's not a stretch to say that The9 Limited's ( NASDAQ:NCTY ) price-to-sales (or "P/S") ratio of 5.7x right now seems...
Reported Earnings • Jan 05First half 2024 earnings released: EPS: CN¥0.053 (vs CN¥91.33 loss in 1H 2023)First half 2024 results: EPS: CN¥0.053 (up from CN¥91.33 loss in 1H 2023). Revenue: CN¥92.1m (down 5.1% from 1H 2023). Net income: CN¥226.0k (up CN¥268.6m from 1H 2023). Profit margin: 0.2% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
お知らせ • Nov 20The9 Limited, Annual General Meeting, Dec 27, 2024The9 Limited, Annual General Meeting, Dec 27, 2024, at 14:00 China Standard Time. Location: bny mellon office, room no. 4, 26/f three pacific place, 1 queen`s road east, hong kong, China
New Risk • Nov 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (US$74.5m market cap).
分析記事 • Aug 06Market Cool On The9 Limited's (NASDAQ:NCTY) Revenues Pushing Shares 29% LowerThe9 Limited ( NASDAQ:NCTY ) shareholders won't be pleased to see that the share price has had a very rough month...
分析記事 • Jun 18The9 Limited (NASDAQ:NCTY) Stock Rockets 32% But Many Are Still Ignoring The CompanyDespite an already strong run, The9 Limited ( NASDAQ:NCTY ) shares have been powering on, with a gain of 32% in the...
お知らせ • Jun 05The9 Limited (NasdaqCM:NCTY) agreed to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $ 8.16 million.The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 19% stake in Wuhan Weixiang Science And Technology Co., Ltd for $8.16 million on June 3, 2024. The consideration consists of $1.5 million in cash and issuance of 948,218 ADSs.
お知らせ • May 25The9 Limited announced that it expects to receive $3.5 million in funding from Finewill CapitalThe9 Limited announced a private placement of class A ordinary shares for the gross proceeds of $3.5 million on May 24, 2024. The transaction will include participation from new investor, Fine Vision Fund , a fund managed by, Finewill Capital. These shares to be issued are subject to the statutory lock-up period. The invetsor will invest with upfront investment of $2.5 million and second installment of $1 million which is based on a pre-agreed condition.
お知らせ • May 21The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times (Xiamen) Technology Co.,Ltd.The9 Limited (NasdaqCM:NCTY) signed a definitive share purchase agreement to acquire 15% stake in Kuaijin Times (Xiamen) Technology Co.,Ltd. on May 20, 2024. Pursuant to the Agreement, The9 will pay cash consideration of $1.5 million and will issue 318,448,800 restricted Class A ordinary shares (equivalent to 1,061,496 ADSs) to KuaiJin, which will be subject to lock-up conditions. The9 is also granted a purchase option to purchase up to 51% of the total shares of KuaiJin. The purchase option is exercisable within 2 years and will be based on KuaiJin's valuation at $60 million.
分析記事 • May 03A Piece Of The Puzzle Missing From The9 Limited's (NASDAQ:NCTY) 27% Share Price ClimbThe9 Limited ( NASDAQ:NCTY ) shares have continued their recent momentum with a 27% gain in the last month alone. The...
Reported Earnings • Apr 17Full year 2023 earnings released: CN¥40.61 loss per share (vs CN¥406 loss in FY 2022)Full year 2023 results: CN¥40.61 loss per share (improved from CN¥406 loss in FY 2022). Revenue: CN¥179.0m (up 51% from FY 2022). Net loss: CN¥136.8m (loss narrowed 86% from FY 2022).
お知らせ • Mar 27The9 Limited (NasdaqCM:NCTY) entered into a definitive share purchase agreement to acquire additional 21.7% stake in WM Therapeutics Co., Ltd. for approximately $6.1 million.The9 Limited (NasdaqCM:NCTY) entered into a definitive share purchase agreement to acquire additional 21.7% stake in WM Therapeutics Co., Ltd. for approximately $6.1 million on March 26, 2024. The consideration includes cash consideration of $1.5 million and issuance of 251.3 million restricted Class A ordinary shares equivalent to 0.84 million ADSs. Prior to the transaction, The9 Limited (NasdaqCM:NCTY) held 8.3%. The9 is also granted a purchase option to purchase up to 51% of the total shares of WM Therapeutic under certain conditions.
分析記事 • Mar 05Cautious Investors Not Rewarding The9 Limited's (NASDAQ:NCTY) Performance CompletelyWith a price-to-sales (or "P/S") ratio of 1x The9 Limited ( NASDAQ:NCTY ) may be sending very bullish signals at the...
お知らせ • Feb 22The9 Limited signed an term sheet to acquire 19% stake in Zhejiang Fazhidao Information Technology Co., Ltd. for $15.6 million.The9 Limited signed an term sheet to acquire 19% stake in Zhejiang Fazhidao Information Technology Co., Ltd. for $15.6 million on February 21, 2024.
New Risk • Dec 31New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CN¥185m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CN¥185m). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$34.0m market cap).
お知らせ • Nov 30The9 Limited announced that it has received $12 million in funding from Bripheno Pte. Ltd.,The9 Limited announced that it has announced a private placement of 150,000,000 class A ordinary shares at a price of $0.04 per share for the gross proceeds $6 million and two-year 3% per annum convertible promissory note at a price of $6 million and warrants for the gross proceeds of $12 million on November 30, 2023. The notes will be convertible into American depository shares with the conversion price of $15 per share and warrants to purchase an aggregate of 120,000,000 class A ordinary shares at an exercise price of $60 per ADS. The warrants will expire two years from the date of issuance. The issued securities are subject to a 6-month lock up period. The transaction will include participation from new investor, Bripheno Pte. Ltd.,
お知らせ • Nov 17The9 Limited, Annual General Meeting, Dec 22, 2023The9 Limited, Annual General Meeting, Dec 22, 2023, at 14:00 China Standard Time. Location: BNY Mellon Office, Room No. 2602, 26/F Three Pacific Place 1 Queen's Road East Wanchai Hong Kong
New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (US$29.3m market cap).
New Risk • Oct 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding).
New Risk • Aug 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥408m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (US$25.9m market cap).
New Risk • Jul 11New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥408m free cash flow). Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (US$30.0m market cap).
Reported Earnings • Dec 26First half 2022 earnings released: CN¥26.75 loss per share (vs CN¥11.19 loss in 1H 2021)First half 2022 results: CN¥26.75 loss per share (further deteriorated from CN¥11.19 loss in 1H 2021). Net loss: CN¥579.7m (loss widened 361% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 03Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: CN¥135.9m (up CN¥135.2m from FY 2020). Net loss: CN¥411.2m (down 204% from profit in FY 2020). Revenue missed analyst estimates by 54%.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CFO & Director George Lai was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.