The9 Limited Achieved 66% Increase in Net Revenues and Turned Net Loss into Net Income for the Year Ended December 31, 2023
The9 Limited - American Depository Shares (NCTY)
US:NASDAQ Investor Relations:
the9.com/en/stockinformation.html
Company Research
Source: PR Newswire
SHANGHAI, April 15, 2024 /PRNewswire/ -- The9 Limited (NASDAQ: NCTY) ("The9"), an established Internet company, today announced it filed its annual report on Form 20-F for the year ended December 31, 2023 with the United States Securities and Exchange Commission ("SEC"). The annual report, which contains The9's audited financial statements, can be assessed on the SEC's website at http://www.sec.gov as well as on the Investor Relations section of The9's website at http://www.the9.com.Financial Highlights:Net revenues in 2023 increased by 66% year-over-year from RMB108 million in 2022 to RMB179 million (US$25 million) in 2023.Net income in 2023 was RMB13 million (US$ 2 million), compared to the net loss of RMB975 million in 2022.Management Comments:Commenting on the results of 2023, Jun Zhu, Chairman and Chief Executive Officer of The9 said, "We are glad to see a growth in our cryptocurrency mining business in 2023. While we continue to pursue this cash cow business and look for more en
Show less
Read more
Impact Snapshot
Event Time:
NCTY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NCTY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NCTY alerts
High impacting The9 Limited - American Depository Shares news events
Weekly update
A roundup of the hottest topics
NCTY
News
- The9 Limited (NASDAQ: NCTY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The9 Limited Achieved 66% Increase in Net Revenues and Turned Net Loss into Net Income for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- A New Generation of Antidepressant Drug Precision Treatment Based on Revolutionary AI Technology is Born [Yahoo! Finance]Yahoo! Finance
- A New Generation of Antidepressant Drug Precision Treatment Based on Revolutionary AI Technology is BornPR Newswire
- The9 Signed a Definitive Share Purchase Agreement to Invest in GenAI LLM Digital Precision Medicine Platform for Brain Disease WM Therapeutic [Yahoo! Finance]Yahoo! Finance
NCTY
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 20-F
- 3/26/24 - Form 6-K
- NCTY's page on the SEC website