The9 Limited (NCTY)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | CNY m | 1 | 134 | 105 | 174 | 113 | 108 | 63 | - |
| Operating profit | CNY m | -248 | -370 | ||||||
| Net profit | CNY m | 398 | -406 | -975 | -139 | -74 | -402 | - | - |
| EPS reported | CNY | -51.00 | -26.43 | ||||||
| Operating cashflow per share | CNY | -4.08 | -2.09 | ||||||
| Capex per share | CNY | 0.19 | 0.09 | ||||||
| FCF per share | CNY | -4.26 | -2.18 | ||||||
| Free cash flow | CNY m | -32 | -61 | ||||||
| Net debt | CNY m | -88 | 190 | ||||||
| Book value equity | CNY m | 264 | 604 | ||||||
| Book value per share | CNY | 34.80 | 57.23 | ||||||
| Number of shares | m | 7.58 | 10.55 | ||||||
| DPS (TTM paid) | CNY | 0.00 | 0.00 |
Financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 1.28 | 0.56 | ||||||
| P/S LTM | x | 3.13 | 5.39 | ||||||
| P/FCF LTM | x | -10.45 | -5.49 | ||||||
| EV/EBITDA LTM | x | -1.39 | -2.96 | ||||||
| EV/Sales LTM | x | 4.76 | 6.08 | ||||||
| Earnings Yield LTM | % | -1.19% | -85.73% | ||||||
| FCF Yield | % | -9.57% | -18.21% | ||||||
| Quality | |||||||||
| ROE | % | -152.59% | -108.21% | ||||||
| ROIC | % | -51.90% | -51.90% | ||||||
| Operating margin | % | -2.30% | -2.33% | ||||||
| Gross margin | % | +1.68% | +1.70% | ||||||
| FCF/Sales | % | -29.93% | -31.24% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -4.77% | -44.69% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -0.14 | -0.29 | ||||||
| Net Debt/EBITDA | x | -0.48 | -1.89 | ||||||
| EBIT/Net interest | x | -10.65 | -28.63 | ||||||
| Net debt/market cap | % | +65.94% | +47.42% | ||||||
| Net debt/Equity | x | -0.33 | 0.31 | ||||||
| Gross debt/equity | x | 0.89 | 0.35 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
The9 Limited, an internet enterprise established in 1999 and based in Shanghai, People's Republic of China, conducts its operations through its various subsidiaries. The company's core activities encompass digital currency mining and the oversight of NFTSTAR, its dedicated non-fungible token (NFT) trading and community platform. NFTSTAR facilitates user engagement by enabling the purchase, exchange, and interaction with various digital assets. Initially founded as GameNow.net Limited, the firm officially rebranded as The9 Limited in February 2004.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
The9 Limited, an internet enterprise established in 1999 and based in Shanghai, People's Republic of China, conducts its operations through its various subsidiaries. The company's core activities encompass digital currency mining and the oversight of NFTSTAR, its dedicated non-fungible token (NFT) trading and community platform. NFTSTAR facilitates user engagement by enabling the purchase, exchange, and interaction with various digital assets. Initially founded as GameNow.net Limited, the firm officially rebranded as The9 Limited in February 2004.
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