Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Yuping Ouyang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 01
9F Inc. announced delayed 20-F filing On 04/30/2025, 9F Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • May 01
9F Inc. announced delayed 20-F filing On 04/30/2024, 9F Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • Dec 04
First half 2023 earnings released: CN¥11.55 loss per share (vs CN¥10.77 loss in 1H 2022) First half 2023 results: CN¥11.55 loss per share (further deteriorated from CN¥10.77 loss in 1H 2022). Revenue: CN¥260.1m (down 21% from 1H 2022). Net loss: CN¥135.7m (loss widened 8.8% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥561.7m (down 26% from FY 2021). Net loss: CN¥594.7m (loss widened 153% from FY 2021). Reported Earnings • Dec 10
First half 2022 earnings released: CN¥0.54 loss per share (vs CN¥0.93 loss in 1H 2021) First half 2022 results: CN¥0.54 loss per share (improved from CN¥0.93 loss in 1H 2021). Revenue: CN¥327.7m (down 17% from 1H 2021). Net loss: CN¥124.7m (loss narrowed 36% from 1H 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Yuping Ouyang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Yuping Ouyang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Yuping Ouyang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
First half 2021 earnings released: CN¥1.93 loss per share (vs CN¥3.80 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: CN¥393.0m (down 54% from 1H 2020). Net loss: CN¥193.7m (loss narrowed 74% from 1H 2020). Executive Departure • Aug 24
Independent Director Haitian Lu has left the company On the 16th of August, Haitian Lu's tenure as Independent Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Haitian's name. A total of 5 executives have left over the last 12 months. Announcement • Mar 20
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against 9F Inc The Law Offices of Frank R. Cruz reminds investors of the upcoming March 22, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased 9F Inc. securities: (a) pursuant and/or traceable to the registration statement and related prospectus in connection with the company’s August 14, 2019 initial public offering; and/or (b) between August 14, 2019 and September 29, 2020, inclusive. Announcement • Mar 17
The Portnoy Law Firm Files Lawsuit on Behalf of 9F, Inc. Investors The Portnoy Law Firm advised investors that a class action lawsuit has been filed on behalf of 9F Inc. investors that acquired securities between August 3, 2020 and December 15, 2020. It is alleged in this complaint that (1) the purported benefits and value of 9F’s financial institution partners and its tri-party cooperation business model were materially overstated and/or did not in fact exist, given that 9F and Property and Casualty Company Limited were engaged in an ongoing contractual dispute in regard to payment of service fees under their cooperation agreement; (2) the collectability of service fees owed by PICC to 9F under the cooperation agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer guarantee protection to investors and institutional funding partners and would no longer provide credit insurance; (4) as a result of the foregoing, 9F’s platform, business model, reputation and financial results had been materially impaired; and (5) 9F’s statements about their business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times, as a result. Announcement • Feb 23
the Schall Law Firm Files A Class Action Lawsuit Against 9F Inc and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm The Schall Law Firm announced the filing of a class action lawsuit against 9F Inc. Investors who purchased the company's securities pursuant and/or traceable to the company's August 14, 2019 initial public offering or between August 14, 2019 and September 29, 2020, are encouraged to contact the firm before March 22, 2021. According to the Complaint, the company made false and misleading statements to the market. The company touted value and benefits to its financial institution partners and tri-party cooperation business model that did not exist. In fact, the company and Property and Casualty Company Limited were engaged in an ongoing dispute regarding payment of service fees. The company's collectability of service fees from PICC was at serious risk of non-payment. There was also significant risk that PICC would discontinue credit insurance and guarantee protection to investors and institutional funding partners. Based on these facts, the company's public statements were false and materially misleading throughout the class period. When the market learned the truth about the company, investors suffered damages. Is New 90 Day High Low • Feb 11
New 90-day high: US$2.31 The company is up 86% from its price of US$1.24 on 12 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 18% over the same period. Announcement • Feb 05
Bronstein, Gewirtz & Grossman, LLC Notifies 9F Inc. Shareholders of Class Action Lawsuit Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against 9F Inc. and certain of its officers, on behalf of shareholders who purchased or otherwise acquired 9F securities (i) pursuant and/or traceable to the registration statement and related prospectus issued in connection with 9F’s August 14, 2019 initial public offering; and/or (ii) between August 14, 2019 and September 29, 2020, both dates inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933 and the Securities Exchange Act of 1934. The complaint alleges that the materials supporting the Offering, and defendants throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) the purported value and benefits of the Company’s financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and Property and Casualty Company Limited had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; (2) the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; (4) as a result of the foregoing, the Company’s platform, business model, reputation and financial results had been materially impaired; and (5) as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Announcement • Jan 22
Rosen Law Firm Files Securities Class Action Lawsuit Against 9F Inc Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of 9F Inc.: pursuant and/or traceable to the registration statement and related prospectus issued in connection with 9F’s August 14, 2019 initial public offering; and/or between August 14, 2019 and September 29, 2020, both dates inclusive. The lawsuit seeks to recover damages for 9F investors under the federal securities laws. According to the lawsuit, the materials supporting the Offering, and defendants throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: the purported value and benefits of the Company’s financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and Property and Casualty Company Limited had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; as a result of the foregoing, the Company’s platform, business model, reputation and financial results had been materially impaired; and as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Announcement • Jan 02
9F Inc. Announces Executive Changes Effective December 31, 2020, 9F Inc. will make the following adjustments to some senior management positions due to internal management organization adjustment reflecting the Company's latest business strategy: Each position of chief executive officer of 9F One Mall Business and Chief Marketing Officer of the Company will be cancelled. Each of Mr. Guisheng Li and Mr. Zhijun Li will no longer serve as Vice President of the Company. Is New 90 Day High Low • Nov 25
New 90-day high: US$1.77 The company is up 8.0% from its price of US$1.64 on 26 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 5.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of CN¥3.60b, with earnings decreasing by CN¥4.43b from the prior year. Total revenue was CN¥3.02b over the last 12 months, down 29% from the prior year. Announcement • Sep 21
9F Inc.(NasdaqGM:JFU) dropped from S&P Global BMI Index 9F Inc.(NasdaqGM:JFU) dropped from S&P Global BMI Index Announcement • Aug 08
9F Inc. Announces Management Changes 9F Inc. announced that effective August 7, 2020, the Company will make the following adjustments to some senior management positions due to internal management organization adjustment reflecting the Company’s latest business strategy: Each position of president of the Company and chief executive officer of Financial Institution Business will be cancelled. New position of chief executive officer of 9F One Mall Business will be created. Lei Sun, currently the chairman of the board or directors and chief executive officer, will continue to serve as the chairman of the board of directors. Lei Liu, currently the president and chief risk officer of the Company, will serve as the chief executive officer and continue to serve as chief risk officer of the Company. Announcement • Jun 17
9F Inc. to Report Q4, 2019 Results on Jun 17, 2020 9F Inc. announced that they will report Q4, 2019 results at 9:00 AM, China Standard Time on Jun 17, 2020 Announcement • Jun 16
9F Inc. announced delayed 20-F filing On 06/15/2020, 9F Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.