Growth & profitability
- Revenue has grown 180.1% per year over the past 5 years.
- Operating margin has contracted, at -260.5% in the latest year.
Financial health
- Operating income covered interest expense -12.1× in the latest year.
NCTY Financials The9 LTD
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | CN¥108M | -CN¥409M | 1.7% | -260.5% | -214.2% | -68.9% | — | — | CN¥58M |
| 2024 | CN¥112M | -CN¥74M | -1.4% | -52.6% | -21.7% | -11.6% | — | — | CN¥11M |
| 2023 | CN¥174M | CN¥13M | -22.5% | -182.6% | 6.1% | 3.5% | — | — | CN¥45M |
| 2022 | CN¥105M | -CN¥979M | -45.2% | -630.5% | -2161.8% | -163.5% | — | — | CN¥58M |
| 2021 | CN¥136M | -CN¥417M | 35.2% | -226.9% | -53.7% | -31.8% | — | — | CN¥428M |
| 2020 | CN¥625488 | CN¥393M | -30.2% | 53831.3% | -136.7% | 812.2% | — | — | CN¥32M |
| 2019 | CN¥341495 | -CN¥196M | -293.1% | -47941.2% | 23.4% | -108.1% | — | — | CN¥10M |
| 2018 | CN¥17M | -CN¥239M | 5.7% | -601.0% | 33.6% | -145.3% | — | — | CN¥4M |
| 2017 | CN¥73M | -CN¥112M | 67.5% | -154.9% | 23.7% | -34.7% | — | — | CN¥143M |
| 2016 | — | -CN¥667M | — | — | 196.4% | -190.1% | — | — | CN¥39M |
| 2015 | — | -CN¥354M | — | — | 179.5% | -65.8% | — | — | CN¥49M |
| 2014 | — | -CN¥129M | — | — | -131.5% | -24.9% | — | — | CN¥181M |
| 2013 | — | -CN¥563M | — | — | -215.9% | -103.0% | — | — | CN¥157M |
| 2012 | — | -CN¥560M | — | — | -71.3% | -50.3% | — | — | CN¥554M |
| 2011 | — | -CN¥313M | — | — | -24.8% | -19.2% | — | — | CN¥1.1B |
Frequently asked questions
Is NCTY growing its revenue and profit?
Over the past 5 years, The9 LTD's revenue has grown 180.1% per year. These are computed facts, not advice.
How much debt does NCTY have?
As of FY2025, The9 LTD reported — of total debt against CN¥58M of cash; operating income covered interest expense -12.1×.
What is NCTY's profit margin?
In FY2025, gross margin was 1.7%, operating margin -260.5%, and net margin -379.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.