The9 Limited Achieved 66% Increase in Net Revenues and Turned Net Loss into Net Income for the Year Ended December 31, 2023 [Yahoo! Finance]
The9 Limited - American Depository Shares (NCTY)
US:NASDAQ Investor Relations:
the9.com/en/stockinformation.html
Company Research
Source: Yahoo! Finance
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 environmental friendly and cost-effective energy for cryptocurrency mining, at the same time, the consensus and popularity of cryptocur
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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, 2023PR Newswire
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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