The9 Limited (NCTY)

The9 Limited Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	58.49	10.91	45.22	58.06	428.42
Short-Term Investments	-	-	-	-	0.8
Cash & Short-Term Investments	58.49	10.91	45.22	58.06	429.22
Cash Growth	436.06%	-75.87%	-22.12%	-86.47%	1254.17%
Accounts Receivable	6.28	-	0.06	0.15	3.68
Other Receivables	-	0.6	0.6	0.6	0.6
Total Trade Receivables	6.28	0.6	0.66	0.75	4.28
Other Current Assets	273.88	232.18	134.46	334.61	617.01
Total Current Assets	342.44	243.69	180.34	393.43	1,051
Net Property, Plant & Equipment	55.42	20.83	101.2	154.91	179.34
Other Intangible Assets	15.8	9	-	-	-
Long-Term Investments	178.86	297.22	35.29	35.3	73.92
Other Long-Term Assets	1.23	65.9	46.9	15.47	6.55
Total Assets	593.75	636.64	363.73	599.11	1,310
Accounts Payable	29.14	15.19	21.28	28.31	63.69
Accrued Expenses	55.18	44.61	45.95	70.22	142.65
Short-Term Debt	174.48	89.1	-	-	-
Current Portion of Long-Term Debt	48.15	43.06	49.93	60.98	92.85
Current Portion of Leases	4.19	2.84	4.37	5.79	4.31
Unearned Revenue	7.56	10.81	12.71	187.75	188.98
Other Current Liabilities	24.7	-	28.61	211.11	51.83
Total Current Liabilities	343.4	205.61	162.85	564.16	544.3
Long-Term Debt	-	-	16.75	-	-
Long-Term Leases	7.82	1.6	2.79	7.41	2.57
Other Long-Term Liabilities	-	1.92	-	-	-
Total Long-Term Liabilities	7.82	3.53	19.53	7.41	2.57
Total Liabilities	351.21	209.13	182.39	571.57	546.86
Preferred Stock	72.7	102.64	-	-	-
Common Stock	321.89	262.97	96.32	57.6	46.18
Additional Paid-in Capital	4,706	4,510	4,471	4,371	4,139
Accumulated Other Comprehensive Income	-11.92	-11.89	-11.74	-12.53	-12.69
Retained Earnings	-4,825	-4,423	-4,349	-4,371	-3,396
Total Common Shareholders' Equity	190.88	338.65	206.27	45.31	776.47
Minority Interest	51.66	88.86	-24.94	-17.77	-13.02
Shareholders' Equity	242.54	427.51	181.34	27.54	763.46
Total Liabilities & Equity	593.75	636.64	363.73	599.11	1,310
Total Debt	234.63	136.61	73.84	74.18	99.72
Net Cash (Debt)	-176.14	-125.7	-28.62	-16.12	329.5
Net Cash Growth	-	-	-	-	1194.97%
Net Cash Per Share	-23.24	-26.87	-8.49	-6.71	199.57
Book Value	190.88	338.65	206.27	45.31	776.47
Book Value Per Share	25.18	72.40	61.22	18.87	470.30
Tangible Book Value	175.08	329.65	206.27	45.31	776.47
Tangible Book Value Per Share	23.10	70.48	61.22	18.87	470.30

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q