Symbols / NCTY Stock $5.71 +3.82% The9 Limited

Financial Services • Capital Markets • China • NCM
NCTY (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Jun Zhu
Exch · Country NCM · China
Market Cap 87.21M
Enterprise Value 25.36B
Income -402.45M
Sales 107.90M
FCF (ttm) -59.73M
Book/sh 1.84
Cash/sh 0.01
Employees —
Insider 10d —
IPO Dec 15, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E —
PEG -0.27
P/S 0.81
P/B 3.11
P/C —
EV/EBITDA -97.63
EV/Sales 235.00
Quick Ratio 0.23
Current Ratio 1.00
Debt/Eq 138.15
LT Debt/Eq —
EPS (ttm) -7.92
EPS next Y —
EPS Growth —
Revenue Growth 133.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2012-08-23
Earnings (prior) 2012-08-23
ROA -27.77%
ROE -165.32%
ROIC —
Gross Margin 1.68%
Oper. Margin -5.20%
Profit Margin 0.00%
Shs Outstand 15.06M
Shs Float 1.07B
Insider Own 8.23%
Instit Own 0.46%
Short Float 1.36%
Short Ratio 5.10
Short Interest 128.22K
52W High 12.51
vs 52W High -54.36%
52W Low 5.00
vs 52W Low 14.20%
Beta 2.23
Impl. Vol. —
Rel Volume 0.53
Avg Volume 31.84K
Volume 17.00K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $5.50
Price $5.71
Change 3.82%
About

The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. The company provides IT with technical services for the operation of computer software and related businesses, including the provision of systematic solutions for the operation of internet websites, the rental of computer and internet facilities, daily maintenance of internet servers and databases, the development and update of computer software, and other related technical and consulting services. It also develops and operates mobile and computer games, as well as publishes and services MIR M, an online game. The company was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$5.71
Latest analyst target
3. DCF / Fair value
$-71.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.71
Low
—
High
—
Mean
—
News
RSS: Latest NCTY news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
107.90
-3.42%
111.71
-37.61%
179.05
+50.60%
118.89
Operating Revenue
107.90
-3.42%
111.71
-37.61%
179.05
+50.60%
118.89
Cost Of Revenue
106.09
-6.38%
113.32
-46.52%
211.90
+14.77%
184.62
Reconciled Cost Of Revenue
106.09
-6.38%
113.32
-46.52%
211.90
+14.77%
184.62
Gross Profit
1.81
+212.78%
-1.60
+95.12%
-32.85
+50.03%
-65.74
Operating Expense
249.56
+57.02%
158.93
-23.14%
206.77
-58.43%
497.40
Research And Development
9.80
+1044.63%
0.86
-56.56%
1.97
-19.01%
2.43
Selling General And Administration
239.77
+51.68%
158.08
-22.81%
204.80
-58.62%
494.97
Selling And Marketing Expense
33.95
+13701.22%
0.25
-85.78%
1.73
-98.54%
118.59
General And Administrative Expense
205.82
+30.40%
157.83
-22.28%
203.07
-46.05%
376.38
Other Gand A
205.82
+30.40%
157.83
-22.28%
203.07
-46.05%
376.38
Total Expenses
355.65
+30.63%
272.25
-34.97%
418.67
-38.61%
682.02
Operating Income
-247.76
-54.33%
-160.54
+33.00%
-239.62
+57.45%
-563.14
Total Operating Income As Reported
-281.11
-378.38%
-58.76
+81.51%
-317.75
+66.96%
-961.61
EBITDA
-369.85
-1696.37%
23.17
+189.00%
-26.03
+96.99%
-864.90
Normalized EBITDA
-229.98
-120.80%
-104.16
+27.89%
-144.43
+68.72%
-461.75
Reconciled Depreciation
15.12
-75.40%
61.46
-29.24%
86.87
-4.94%
91.38
EBIT
-384.97
-905.25%
-38.30
+66.08%
-112.90
+88.19%
-956.28
Total Unusual Items
-139.87
-209.85%
127.32
+7.54%
118.40
+129.37%
-403.16
Total Unusual Items Excluding Goodwill
-139.87
-209.85%
127.32
+7.54%
118.40
+129.37%
-403.16
Special Income Charges
-114.69
-506.69%
-18.91
-207.98%
17.51
+103.93%
-445.68
Other Special Charges
-1.20
—
-175.30
—
Impairment Of Capital Assets
0.00
-100.00%
6.50
-95.96%
161.00
-8.97%
176.87
Write Off
114.40
+14307.56%
0.79
+122.75%
-3.49
-101.32%
265.06
Net Income
-402.45
-448.11%
-73.42
-467.05%
20.00
+102.05%
-974.86
Pretax Income
-408.24
-462.93%
-72.52
+49.74%
-144.28
+85.27%
-979.49
Net Non Operating Interest Income Expense
-22.82
+33.34%
-34.22
-9.07%
-31.38
-35.20%
-23.21
Interest Expense Non Operating
23.26
-32.02%
34.22
+9.07%
31.38
+35.20%
23.21
Net Interest Income
-22.82
+33.34%
-34.22
-9.07%
-31.38
-35.20%
-23.21
Interest Expense
23.26
-32.02%
34.22
+9.07%
31.38
+35.20%
23.21
Interest Income Non Operating
0.45
0.00
0.00
0.00
Interest Income
0.45
0.00
0.00
0.00
Other Income Expense
-137.66
-212.62%
122.24
-3.54%
126.73
+132.23%
-393.15
Other Non Operating Income Expenses
2.20
+143.37%
-5.08
-161.05%
8.32
-16.83%
10.01
Gain On Sale Of Security
-25.17
-117.21%
146.23
+44.93%
100.89
+137.25%
42.53
Gain On Sale Of Business
-1.50
+87.06%
-11.61
-4013.04%
-0.28
+92.47%
-3.75
Tax Provision
0.11
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
-34.97
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-408.92
-455.28%
-73.64
-685.56%
12.58
+101.28%
-979.49
Net Income From Continuing Operation Net Minority Interest
-402.45
-448.11%
-73.42
+46.35%
-136.85
+85.96%
-974.86
Net Income From Continuing And Discontinued Operation
-402.45
-448.11%
-73.42
-467.05%
20.00
+102.05%
-974.86
Net Income Continuous Operations
-408.92
-455.28%
-73.64
+48.96%
-144.28
+85.27%
-979.49
Net Income Discontinuous Operations
0.00
0.00
-100.00%
156.85
+154.83%
-286.09
Minority Interests
6.47
+2867.89%
0.22
-97.06%
7.43
+60.30%
4.63
Normalized Income
-297.55
-48.22%
-200.75
+21.35%
-255.25
+55.35%
-571.70
Net Income Common Stockholders
-402.45
-448.11%
-73.42
-467.05%
20.00
+102.05%
-974.86
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
-54.00
-260.00%
-15.00
-350.00%
6.00
+101.47%
-408.00
Basic EPS
-54.00
-260.00%
-15.00
-350.00%
6.00
+101.47%
-408.00
Basic Average Shares
7.58
+62.05%
4.68
+38.80%
3.37
+40.36%
2.40
Diluted Average Shares
7.58
+62.05%
4.68
+38.80%
3.37
+40.36%
2.40
Diluted NI Availto Com Stockholders
-402.45
-448.11%
-73.42
-467.05%
20.00
+102.05%
-974.86
Earnings From Equity Interest
—
—
0.00
0.00
Earnings From Equity Interest Net Of Tax
-0.57
+49.11%
-1.12
0.00
0.00
Excise Taxes
—
0.00
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
593.75
-6.74%
636.64
+75.03%
363.73
-39.29%
599.11
Current Assets
342.44
+40.52%
243.69
+9.38%
222.80
-43.98%
397.67
Cash Cash Equivalents And Short Term Investments
58.49
+436.06%
10.91
-75.87%
45.22
-22.12%
58.06
Cash And Cash Equivalents
58.49
+436.06%
10.91
-75.87%
45.22
-22.12%
58.06
Other Short Term Investments
—
—
—
0.00
Receivables
21.10
+174.04%
7.70
+10.89%
6.94
+27.98%
5.43
Accounts Receivable
3.78
0.00
-100.00%
0.06
-62.98%
0.15
Gross Accounts Receivable
4.29
-99.15%
505.46
+89915.32%
0.56
+45.39%
0.39
Allowance For Doubtful Accounts Receivable
-0.51
+99.90%
-505.46
-99900.09%
-0.51
-115.28%
-0.23
Other Receivables
5.86
+75.70%
3.33
+53.83%
2.17
+6.09%
2.04
Taxes Receivable
5.18
+37.48%
3.77
-8.60%
4.12
+56.57%
2.63
Prepaid Assets
10.13
-46.55%
18.95
-70.89%
65.08
-75.70%
267.84
Restricted Cash
238.53
+22.99%
193.94
+987.23%
17.84
+322.16%
4.23
Assets Held For Sale Current
—
—
0.00
-100.00%
0.03
Other Current Assets
14.19
+16.37%
12.19
-86.10%
87.71
+32.22%
66.34
Total Non Current Assets
251.31
-36.05%
392.96
+178.83%
140.93
-30.04%
201.43
Net PPE
55.42
+166.02%
20.83
-79.41%
101.20
-34.67%
154.91
Gross PPE
102.31
-47.62%
195.33
-33.45%
293.49
+0.25%
292.76
Accumulated Depreciation
-46.89
+73.13%
-174.50
+9.25%
-192.29
-39.50%
-137.85
Properties
0.00
0.00
—
—
Machinery Furniture Equipment
89.45
-53.18%
191.04
-33.35%
286.62
+2.11%
280.70
Other Properties
11.84
+176.35%
4.28
-37.65%
6.87
-43.05%
12.06
Leases
1.02
0.00
—
—
Goodwill And Other Intangible Assets
15.80
+75.57%
9.00
—
—
Other Intangible Assets
15.80
+75.57%
9.00
—
—
Investments And Advances
171.56
-42.28%
297.22
+742.20%
35.29
-0.02%
35.30
Non Current Deferred Assets
0.00
-100.00%
9.00
0.00
—
Non Current Prepaid Assets
0.00
-100.00%
39.84
-6.16%
42.46
—
Other Non Current Assets
1.23
+0.74%
1.22
-72.59%
4.44
-60.45%
11.23
Total Liabilities Net Minority Interest
351.21
+67.94%
209.13
+14.66%
182.39
-68.09%
571.57
Current Liabilities
343.40
+67.02%
205.61
+26.25%
162.85
-71.13%
564.16
Payables And Accrued Expenses
84.32
+41.01%
59.80
-9.35%
65.97
-74.42%
257.86
Payables
38.95
+61.12%
24.17
-26.71%
32.98
-83.83%
203.97
Accounts Payable
19.48
+252.35%
5.53
-42.42%
9.60
-94.21%
165.95
Other Payable
8.38
+11.38%
7.52
-26.29%
10.20
-32.92%
15.21
Current Accrued Expenses
45.37
+27.36%
35.62
+8.01%
32.98
-38.79%
53.89
Total Tax Payable
1.43
-2.18%
1.47
-2.39%
1.50
-9.03%
1.65
Current Debt And Capital Lease Obligation
226.82
+68.01%
135.00
+142.96%
55.57
-16.79%
66.78
Current Debt
222.63
+68.45%
132.16
+158.16%
51.19
-16.05%
60.98
Other Current Borrowings
222.63
+68.45%
132.16
+158.16%
51.19
-16.05%
60.98
Current Capital Lease Obligation
4.19
+47.45%
2.84
-35.03%
4.37
-24.51%
5.79
Current Deferred Liabilities
7.56
-30.04%
10.80
-15.01%
12.71
-28.37%
17.75
Current Deferred Revenue
7.56
-30.04%
10.80
-15.01%
12.71
-28.37%
17.75
Other Current Liabilities
24.70
—
28.60
-44.75%
51.78
Total Non Current Liabilities Net Minority Interest
7.82
+121.58%
3.53
-81.94%
19.53
+163.77%
7.41
Long Term Debt And Capital Lease Obligation
7.82
+387.22%
1.60
-91.79%
19.53
+163.77%
7.41
Long Term Debt
—
—
16.75
—
Long Term Capital Lease Obligation
7.82
+387.22%
1.60
-42.47%
2.79
-62.35%
7.41
Stockholders Equity
263.58
-40.27%
441.29
+113.93%
206.27
+355.26%
45.31
Common Stock Equity
263.58
-40.27%
441.29
+113.93%
206.27
+355.26%
45.31
Capital Stock
394.59
+7.93%
365.61
+279.58%
96.32
+67.21%
57.60
Common Stock
394.59
+7.93%
365.61
+279.58%
96.32
+67.21%
57.60
Share Issued
4,567.66
+22.16%
3,739.07
+166.08%
1,405.23
+63.20%
861.04
Ordinary Shares Number
4,567.66
+22.16%
3,739.07
+166.08%
1,405.23
+63.20%
861.04
Additional Paid In Capital
4,706.24
+4.34%
4,510.45
+0.88%
4,471.16
+2.29%
4,371.23
Retained Earnings
-4,832.66
-9.08%
-4,430.21
-1.69%
-4,356.79
+0.49%
-4,378.32
Gains Losses Not Affecting Retained Earnings
-4.60
-0.75%
-4.56
-3.34%
-4.42
+15.10%
-5.20
Minority Interest
-21.04
-52.74%
-13.78
+44.75%
-24.94
-40.32%
-17.77
Other Equity Adjustments
-4.60
-0.75%
-4.56
-3.34%
-4.42
+15.10%
-5.20
Total Equity Gross Minority Interest
242.54
-43.27%
427.51
+135.75%
181.34
+558.49%
27.54
Total Capitalization
263.58
-40.27%
441.29
+97.87%
223.02
+392.22%
45.31
Working Capital
-0.96
-102.52%
38.08
-36.47%
59.94
+136.00%
-166.49
Invested Capital
486.21
-15.21%
573.45
+109.13%
274.21
+157.98%
106.29
Total Debt
234.63
+71.76%
136.61
+81.90%
75.10
+1.24%
74.18
Net Debt
164.14
+35.37%
121.25
+433.71%
22.72
+677.95%
2.92
Capital Lease Obligations
12.00
+170.06%
4.45
-37.93%
7.16
-45.75%
13.20
Net Tangible Assets
247.78
-42.68%
432.29
+109.57%
206.27
+355.26%
45.31
Tangible Book Value
247.78
-42.68%
432.29
+109.57%
206.27
+355.26%
45.31
Current Provisions
—
—
—
170.00
Derivative Product Liabilities
0.00
-100.00%
1.92
—
—
Duefrom Related Parties Current
6.28
+947.33%
0.60
+0.07%
0.60
0.00%
0.60
Dueto Related Parties Current
9.66
+0.00%
9.66
-17.29%
11.68
-44.81%
21.16
Financial Assets
0.00
-100.00%
15.84
0.00
—
Interest Payable
3.94
+166.28%
1.48
+441.01%
0.27
-87.16%
2.13
Non Current Note Receivables
7.31
0.00
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-31.76
+28.15%
-44.20
+4.58%
-46.32
+70.07%
-154.74
Cash Flow From Continuing Operating Activities
-31.76
+28.15%
-44.20
+4.58%
-46.32
+70.07%
-154.74
Net Income From Continuing Operations
-408.92
-455.28%
-73.64
-685.56%
12.58
+101.28%
-979.49
Depreciation Amortization Depletion
15.12
-75.40%
61.46
-29.24%
86.87
-4.94%
91.38
Depreciation
13.58
-77.90%
61.46
-29.24%
86.87
-4.94%
91.38
Amortization Cash Flow
1.54
0.00
0.00
—
Depreciation And Amortization
15.12
-75.40%
61.46
-29.24%
86.87
-4.94%
91.38
Amortization Of Intangibles
1.54
0.00
0.00
—
Other Non Cash Items
160.51
+145.74%
65.32
+51.18%
43.20
+84.26%
23.45
Stock Based Compensation
116.05
+159.77%
44.67
-36.86%
70.76
-65.03%
202.35
Provisionand Write Offof Assets
—
0.00
0.00
-100.00%
20.84
Asset Impairment Charge
114.67
+693.10%
14.46
-91.07%
161.89
-63.37%
441.93
Operating Gains Losses
-28.37
+81.18%
-150.74
+61.88%
-395.44
-976.00%
-36.75
Gain Loss On Investment Securities
2.33
+105.18%
-45.04
-94.37%
-23.17
+37.80%
-37.25
Net Foreign Currency Exchange Gain Loss
-30.50
+75.75%
-125.79
-242.50%
-36.73
-682.83%
6.30
Gain Loss On Sale Of PPE
-1.07
-114.58%
7.34
+14831.84%
-0.05
+99.44%
-8.84
Change In Working Capital
-3.43
+40.03%
-5.73
+78.13%
-26.18
-132.10%
81.56
Change In Receivables
-10.97
-20220.37%
-0.05
-156.62%
0.10
-97.30%
3.53
Changes In Account Receivables
-10.97
-20220.37%
-0.05
-156.62%
0.10
-97.30%
3.53
Change In Prepaid Assets
-3.58
-27.95%
-2.80
-388.16%
0.97
-98.69%
73.90
Change In Payables And Accrued Expense
15.88
+867.82%
1.64
+107.66%
-21.43
-141.71%
51.37
Change In Accrued Expense
8.37
+185.24%
2.93
+112.40%
-23.64
+66.48%
-70.53
Change In Payable
7.52
+681.73%
-1.29
-158.22%
2.22
-98.18%
121.90
Change In Account Payable
6.95
+653.42%
-1.26
-153.04%
2.37
-98.05%
121.76
Change In Other Working Capital
—
—
—
-42.76
Change In Other Current Assets
-0.15
+95.80%
-3.60
—
0.00
Change In Other Current Liabilities
-4.61
-402.40%
-0.92
+84.23%
-5.82
-29.75%
-4.49
Investing Cash Flow
1.11
+101.96%
-57.02
-1304.94%
4.73
+101.90%
-248.79
Cash Flow From Continuing Investing Activities
1.11
+101.96%
-57.02
-1304.94%
4.73
+101.90%
-248.79
Net PPE Purchase And Sale
-1.36
-1035.86%
0.14
+106.88%
-2.11
+99.15%
-246.92
Purchase Of PPE
-1.45
0.00
+100.00%
-2.11
+99.15%
-247.33
Sale Of PPE
0.09
-38.62%
0.14
+3480.25%
0.00
-99.01%
0.41
Capital Expenditure
-11.96
+33.58%
-18.00
-752.47%
-2.11
+99.17%
-253.65
Net Investment Purchase And Sale
2.54
+108.93%
-28.44
-650.88%
5.16
+190.19%
-5.72
Purchase Of Investment
-3.36
+88.19%
-28.45
0.00
+100.00%
-23.16
Sale Of Investment
5.90
+117900.00%
0.01
-99.90%
5.16
-70.39%
17.44
Net Business Purchase And Sale
-0.43
+96.03%
-10.72
-12498.55%
-0.09
0.00
Purchase Of Business
-0.43
+96.03%
-10.72
-12498.55%
-0.09
0.00
Gain Loss On Sale Of Business
1.50
-87.07%
11.61
+107.25%
-160.19
-5375.06%
3.04
Net Intangibles Purchase And Sale
7.49
+141.61%
-18.00
0.00
+100.00%
-6.32
Purchase Of Intangibles
-10.51
+41.61%
-18.00
—
-6.32
Net Other Investing Changes
-7.13
—
1.76
-82.69%
10.18
Financing Cash Flow
78.47
+12.47%
69.77
+116.66%
32.20
-2.49%
33.03
Cash Flow From Continuing Financing Activities
78.47
+12.47%
69.77
+116.66%
32.20
-2.49%
33.03
Net Issuance Payments Of Debt
46.31
-8.99%
50.89
+58.02%
32.20
-2.49%
33.03
Issuance Of Debt
78.36
-11.07%
88.11
+1.53%
86.78
+139.92%
36.17
Repayment Of Debt
-32.05
+13.91%
-37.22
+31.80%
-54.58
-1635.33%
-3.15
Long Term Debt Issuance
78.36
+9526.29%
0.81
-99.06%
86.78
+139.92%
36.17
Long Term Debt Payments
-32.05
+13.91%
-37.22
-218.77%
-11.68
-271.27%
-3.15
Net Long Term Debt Issuance
46.31
+227.19%
-36.41
-148.48%
75.10
+127.41%
33.03
Short Term Debt Issuance
0.00
-100.00%
87.30
+2.28%
85.35
+153.23%
33.70
Short Term Debt Payments
—
—
-42.90
0.00
Net Short Term Debt Issuance
0.00
-100.00%
87.30
+303.47%
-42.90
0.00
Net Common Stock Issuance
31.50
+66.85%
18.88
0.00
0.00
Proceeds From Stock Option Exercised
—
—
0.00
0.00
Net Other Financing Charges
0.65
—
—
—
Changes In Cash
47.83
+252.09%
-31.45
-235.04%
-9.39
+97.47%
-370.50
Effect Of Exchange Rate Changes
-0.25
+91.31%
-2.86
+17.13%
-3.46
-2483.72%
0.14
Beginning Cash Position
10.91
-75.87%
45.22
-22.12%
58.06
-86.45%
428.42
End Cash Position
58.49
+436.06%
10.91
-75.87%
45.22
-22.12%
58.06
Free Cash Flow
-43.71
+29.72%
-62.20
-28.42%
-48.43
+88.14%
-408.39
Interest Paid Supplemental Data
1.43
-8.26%
1.56
-71.79%
5.53
0.00
Income Tax Paid Supplemental Data
0.13
0.00
0.00
0.00
Amortization Of Securities
2.61
0.00
0.00
—
Change In Income Tax Payable
0.14
+486.11%
-0.04
+75.85%
-0.15
-204.42%
0.14
Change In Interest Payable
0.00
-100.00%
1.24
+151.11%
-2.43
-303.87%
1.19
Change In Tax Payable
0.14
+486.11%
-0.04
+75.85%
-0.15
-204.42%
0.14
Common Stock Issuance
31.50
+66.85%
18.88
0.00
0.00
Earnings Losses From Equity Investments
0.57
-49.11%
1.12
0.00
0.00
Issuance Of Capital Stock
31.50
+66.85%
18.88
0.00
0.00
Other Cash Adjustment Outside Changein Cash
—
—
—
—
Sale Of Business
—
—
—
0.00
Sale Of Intangibles
18.00
—
—
—
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