The9 Limited (NCTY)

The9 Limited Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	179.05	108.06	135.58	0.63	0.34
Revenue Growth (YoY)	65.70%	-20.30%	21575.29%	83.16%	-98.04%
Cost of Revenue	211.9	155.33	87.8	0.81	1.34
Gross Profit	-32.85	-47.27	47.78	-0.19	-1
Selling, General & Admin	204.8	363.54	290.99	109.39	115.98
Research & Development	1.97	2.43	1.92	2.44	13.09
Other Operating Expenses	78.13	248.29	62.53	26.86	34.85
Operating Expenses	284.9	614.26	355.44	138.69	163.92
Operating Income	-317.75	-661.53	-307.66	-138.88	-164.92
Interest Expense / Income	31.38	23.34	119.17	4.07	34.5
Other Expense / Income	-369.14	289.99	-15.6	-548	-21.63
Pretax Income	20	-974.86	-411.23	405.05	-177.8
Income Tax	0	0	0	7.17	0
Net Income	20	-974.86	-411.23	397.88	-177.8
Preferred Dividends	0	0	0	1.19	0
Net Income Common	20	-974.86	-411.23	396.69	-177.8
Shares Outstanding (Basic)	1,011	720	495	164	106
Shares Outstanding (Diluted)	1,011	720	495	164	106
Shares Change	40.36%	45.41%	202.75%	53.75%	71.31%
EPS (Basic)	6.00	-408.00	-249.00	726.00	-537.00
EPS (Diluted)	6.00	-408.00	-249.00	726.00	-537.00
Free Cash Flow	-48.43	-402.45	-768.18	-106.43	-52.32
Free Cash Flow Per Share	-14.37	-167.63	-465.28	-195.16	-147.52
Gross Margin	-18.35%	-43.75%	35.24%	-30.16%	-293.06%
Operating Margin	-177.47%	-612.21%	-226.93%	-22203.54%	-48294.58%
Profit Margin	11.17%	-902.18%	-303.32%	63421.40%	-52063.77%
Free Cash Flow Margin	-27.05%	-372.45%	-566.60%	-17015.49%	-15322.04%
Effective Tax Rate	-	-	-	1.77%	-
EBITDA	143.22	-855.03	-240.73	410.27	-140.11
EBITDA Margin	79.99%	-791.29%	-177.56%	65591.37%	-41027.19%
Depreciation & Amortization	91.84	96.49	51.33	1.15	3.19
EBIT	51.38	-951.52	-292.06	409.12	-143.29
EBIT Margin	28.70%	-880.59%	-215.42%	65407.92%	-41960.68%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).