View Past PerformanceThe9 대차대조표 건전성재무 건전성 기준 점검 4/6The9 의 총 주주 지분은 CN¥169.8M 이고 총 부채는 CN¥222.6M, 이는 부채 대 자기자본 비율을 131.1% 로 가져옵니다. 총자산과 총부채는 각각 CN¥593.7M 및 CN¥423.9M 입니다.핵심 정보131.08%부채/자본 비율CN¥222.63m부채이자보상배율n/a현금CN¥58.49m자본CN¥169.84m총부채CN¥423.91m총자산CN¥593.75m최근 재무 건전성 업데이트업데이트 없음모든 업데이트 보기Recent 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).공지 • 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 Kong공지 • 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).분석 기사 • 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).분석 기사 • 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).공지 • 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.분석 기사 • 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.분석 기사 • 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.공지 • 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).분석 기사 • 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...분석 기사 • 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...공지 • 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.공지 • 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.공지 • 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.분석 기사 • 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).공지 • 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.분석 기사 • 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...공지 • 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).공지 • 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.,공지 • 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.재무 상태 분석단기부채: NCTY 의 단기 자산 ( CN¥342.4M )은 단기 부채( CN¥343.4M ).장기 부채: NCTY의 단기 자산(CN¥342.4M)이 장기 부채(CN¥80.5M)를 초과합니다.부채/자본 비율 추이 및 분석부채 수준: NCTY 의 순부채 대 자기자본 비율( 96.6% )은 높음으로 간주됩니다.부채 감소: NCTY는 5년 전 마이너스 주주 지분이었으나 현재 플러스로 개선되었습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: NCTY 현재 무료 현금 흐름을 기준으로 1년 이상 충분한 현금 활주로를 보유하고 있습니다.예측 현금 활주로: NCTY 무료 현금 흐름이 역사적 비율인 5.2 로 계속 증가할 경우 1.3 년 동안 충분한 현금 활주로를 보유하고 있습니다. 5.2 % 매년.건전한 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 09:54종가2026/05/07 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스The9 Limited는 8명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Eddie LeungBofA Global ResearchAlicia YapCitigroup IncDi WeiJ.P. Morgan5명의 분석가 더 보기
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).
공지 • 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
공지 • 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).
분석 기사 • 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).
분석 기사 • 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).
공지 • 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.
분석 기사 • 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.
분석 기사 • 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.
공지 • 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).
분석 기사 • 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...
분석 기사 • 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...
공지 • 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.
공지 • 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.
공지 • 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.
분석 기사 • 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).
공지 • 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.
분석 기사 • 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...
공지 • 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).
공지 • 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.,
공지 • 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.