9F Inc. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	289.88	309.97	412.45	561.67	761.45
Revenue Growth (YoY)	-6.48%	-24.84%	-26.57%	-26.24%	-39.38%
Cost of Revenue	25.29	29.75	61.65	46.42	59.09
Gross Profit	264.59	280.22	350.8	515.24	702.36
Selling, General & Admin	193.75	237.02	298.09	437.13	688.3
Other Operating Expenses	59.57	88.66	246.28	228.4	69.52
Total Operating Expenses	253.32	325.68	544.37	665.52	757.81
Operating Income	11.27	-45.46	-193.58	-150.28	-55.45
Interest Income	183.12	88.79	100.8	49.82	49.31
Other Non-Operating Income (Expense)	29.33	20.8	-39.83	-482.85	-200.8
Total Non-Operating Income (Expense)	212.45	109.6	60.97	-433.03	-151.48
Pretax Income	223.72	64.14	-132.6	-583.31	-206.94
Provision for Income Taxes	56.33	13.98	7.75	11.62	26.74
Net Income	166.58	50.33	-140.51	-595.13	-232.43
Minority Interest in Earnings	0.81	-0.17	0.16	0.2	-1.24
Net Income to Common	166.58	50.33	-140.51	-595.13	-232.43
Net Income Growth	230.97%	-	-	-	-
Shares Outstanding (Basic)	12	12	12	12	11
Shares Outstanding (Diluted)	12	12	12	12	11
Shares Change (YoY)	0.01%	0.17%	0.97%	9.18%	7.57%
EPS (Basic)	14.20	4.20	-12.00	-51.00	-22.00
EPS (Diluted)	14.20	4.20	-12.00	-51.00	-22.00
EPS Growth	238.09%	-	-	-	-
Shares Outstanding	11.77	11.77	235.47	231.32	231.32
Free Cash Flow	205	45.35	40.8	36.09	-237.46
Free Cash Flow Growth	352.01%	11.15%	13.06%	-	-
Free Cash Flow Per Share	17.38	3.85	3.47	3.09	-22.23
Gross Margin	91.28%	90.40%	85.05%	91.73%	92.24%
Operating Margin	3.89%	-14.66%	-46.93%	-26.76%	-7.28%
Profit Margin	57.74%	16.18%	-34.03%	-105.92%	-30.69%
FCF Margin	70.72%	14.63%	9.89%	6.43%	-31.19%
EBITDA	25.88	-32.24	-175.99	-129.28	-23.91
EBITDA Margin	8.93%	-10.40%	-42.67%	-23.02%	-3.14%
EBIT	11.27	-45.46	-193.58	-150.28	-55.45
EBIT Margin	3.89%	-14.66%	-46.93%	-26.76%	-7.28%
Effective Tax Rate	25.18%	21.80%	-5.84%	-1.99%	-12.92%

Updated May 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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