Company Overview
The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. It operates through Cryptocurrency Mining and Online game services segments. 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.
Why Investors Should Care
Maintains a net profit margin of 69.5%.
Carries low leverage with a debt-to-equity ratio of 0.37.
Recent Developments
- Dec 2025 Revenue of $107.90M (-3.4% YoY); net profit $-402.45M.
- Trailing 12 Months Year-on-year growth — revenue -80.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 0.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 0.93% |
| 1 Year: | -80.80% |
Stock Price Performance
| 1 Year: | -45.59% |
| 6 Months: | -29.13% |
| 3 Months: | -4.86% |
| 1 Month: | -4.46% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)48.09 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 69.5%.
CONS
- Trading 60.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NCTY The9 Limited FINANCIAL | 4.50 | -5.06 | $68.73M | 0.00% | -98.96% | 7.13% | 0.93% | - |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2025 | Jun 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 36.96M | 25.11M | 12.84M |
| Cost of Revenue | 35.05M | 28.32M | 10.32M |
| Gross Profit | 1.91M | -3.21M | 2.52M |
| Operating Expenses | 33.51M | 34.37M | 40.80M |
| Operating Income | -31.60M | -37.58M | -38.28M |
| EBITDA | -58.03M | -6.65M | 173.06M |
| Interest Expense | 2.22M | - | 11.55M |
| Pretax Income | -64.75M | -2.52M | 155.62M |
| Tax Provision | 0 | 134.00K | 0 |
| Net Income | -66.24M | -2.66M | 156.77M |
| Diluted EPS | -12.00 | - | 15.00 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 104.93M | 174.04M | 111.71M | 107.90M |
| Cost of Revenue | - | 152.31M | 213.18M | 113.32M | 106.09M |
| Gross Profit | - | -47.38M | -39.13M | -1.60M | 1.81M |
| Operating Expenses | - | 365.86M | 200.49M | 158.93M | 249.56M |
| Operating Income | - | -413.24M | -239.62M | -160.54M | -247.76M |
| EBITDA | - | -578.69M | -26.03M | 23.17M | -369.85M |
| Interest Expense | - | 23.34M | 31.38M | 34.22M | 23.26M |
| Pretax Income | - | -693.41M | -144.28M | -72.52M | -408.24M |
| Tax Provision | - | 0 | 0 | 0 | 110.00K |
| Net Income | - | -974.86M | 20.00M | -73.42M | -402.45M |
| Diluted EPS | - | -408.00 | 6.00 | -15.00 | -54.00 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 599.11M | 363.73M | 636.64M | 593.75M |
| Current Assets | - | 393.43M | 180.34M | 243.69M | 342.44M |
| Cash & Equivalents | - | 58.06M | 45.22M | 10.91M | 58.49M |
| Inventory | - | - | - | - | - |
| Receivables | - | 151.43K | 56.00K | 0 | 3.78M |
| Total Liabilities | - | 571.57M | 182.39M | 209.13M | 351.21M |
| Current Liabilities | - | 564.16M | 162.85M | 205.61M | 343.40M |
| Long Term Debt | - | - | 16.75M | - | - |
| Total Debt | - | 76.14M | 75.10M | 136.61M | 234.63M |
| Total Equity | - | 45.31M | 206.27M | 441.29M | 263.58M |
| Shares Outstanding | - | 861.04M | 1.41B | 3.74B | 4.57B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -154.04M | -46.32M | -44.20M | -31.76M |
| Investing Cash Flow | - | -249.64M | 4.47M | -57.02M | 1.11M |
| Financing Cash Flow | - | 33.06M | 32.47M | 69.77M | 78.47M |
| Capital Expenditure | - | -248.82M | -2.11M | -18.00M | -11.96M |
| Free Cash Flow | - | -402.86M | -48.43M | -62.20M | -43.71M |
| Net Change in Cash | - | -370.61M | -9.38M | -31.45M | 47.83M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | -45.2% | -22.5% | -1.4% | 1.7% |
| Operating Margin % | - | -393.8% | -137.7% | -143.7% | -229.6% |
| Net Margin % | - | -929.1% | 11.5% | -65.7% | -373.0% |
| ROE % | - | -2,151.6% | 9.7% | -16.6% | -152.7% |
| ROCE % | - | -1,182.6% | -119.3% | -37.2% | -99.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Citadel Advisors Llc | 0.20% | 30.75K | $121.75K |
| 2 | HRT Financial LP | 0.13% | 20.18K | $79.91K |
| 3 | Independent Advisor Alliance | 0.08% | 11.67K | $46.22K |
| 4 | Rhumbline Advisers | - | 152 | $601 |
| 5 | JPMORGAN CHASE & CO | - | 42 | $166 |
| 6 | Allworth Financial LP | - | 35 | $138 |
| 7 | UBS Group AG | - | 635 | $2.51K |
| 8 | Morgan Stanley | - | 269 | $1.06K |
| 9 | Group One Trading, LLC | - | 51 | $201 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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NCTY — Frequently Asked Questions
What is the current share price of The9 Limited (NCTY)?
As of 2026-09-19 21:16 PDT, The9 Limited (NCTY) trades at $4.50 on NasdaqCM. Its 52-week range is $3.21 to $11.43.
What is the market capitalisation of NCTY?
The9 Limited (NCTY) has a market capitalisation of $68.73M on NasdaqCM.
What is the P/E ratio of NCTY?
NCTY trades at a trailing price-to-earnings (P/E) ratio of -5.06. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 0.67.
What is the return on equity (ROE) of NCTY?
NCTY has a return on equity (ROE) of 7.13%. Its return on capital employed (ROCE) is -98.96%.
Is NCTY a good stock to buy?
This page provides a data-driven analysis of The9 Limited (NCTY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.