The9 Limited (NCTY)

The9 Limited Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	12.73	58.49	10.91	45.22	58.06	428.42
Short-Term Investments	-	-	-	-	-	0.8
Cash & Short-Term Investments	12.73	58.49	10.91	45.22	58.06	429.22
Cash Growth	-64.75%	436.06%	-75.87%	-22.12%	-86.47%	1254.17%
Accounts Receivable	9.03	10.07	-	0.06	0.15	3.68
Other Receivables	-	11.04	7.7	6.89	5.25	62.34
Receivables	11.91	21.1	7.7	6.94	5.4	66.02
Prepaid Expenses	-	4.8	18.33	-	-	-
Other Current Assets	832.69	258.05	206.75	128.18	329.96	555.27
Total Current Assets	857.33	342.44	243.69	180.34	393.43	1,051
Property, Plant & Equipment	25.11	55.42	20.83	101.2	154.91	179.34
Long-Term Investments	88.92	171.56	297.22	35.29	35.3	73.92
Other Intangible Assets	2.22	15.8	9	-	-	-
Long-Term Deferred Charges	-	-	9	-	-	-
Other Long-Term Assets	4.74	1.23	56.9	46.9	15.47	6.55
Total Assets	993.08	593.75	636.64	363.73	599.11	1,310

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	19.53	19.48	5.53	9.6	7.15	39.9
Accrued Expenses	55.64	17.15	11.09	11.45	15.82	20.75
Short-Term Debt	145.54	174.48	89.1	3.26	13.45	14.1
Current Portion of Long-Term Debt	56.7	48.15	43.06	49.93	60.98	92.85
Current Portion of Leases	4.3	4.19	2.84	4.37	5.79	4.31
Current Income Taxes Payable	1.37	1.43	1.47	1.5	1.65	1.51
Current Unearned Revenue	8.8	7.56	10.81	12.71	17.75	18.98
Other Current Liabilities	42.17	70.96	41.71	70.02	441.57	351.9
Total Current Liabilities	334.05	343.4	205.61	162.85	564.16	544.3
Long-Term Debt	-	-	-	16.75	-	-
Long-Term Leases	5.52	7.82	1.6	2.79	7.41	2.57
Other Long-Term Liabilities	72.7	72.7	104.56	-	-	-
Total Liabilities	412.27	423.91	311.77	182.39	571.57	546.86

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	327.19	321.89	262.97	96.32	57.6	46.18
Additional Paid-In Capital	4,736	4,706	4,510	4,471	4,371	4,139
Retained Earnings	-4,448	-4,825	-4,423	-4,349	-4,371	-3,396
Comprehensive Income & Other	-11.93	-11.92	-11.89	-11.74	-12.53	-12.69
Total Common Equity	603.81	190.88	338.65	206.27	45.31	776.47
Minority Interest	-23	-21.04	-13.78	-24.94	-17.77	-13.02
Shareholders' Equity	580.82	169.84	324.87	181.34	27.54	763.46
Total Liabilities & Equity	993.08	593.75	636.64	363.73	599.11	1,310

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	212.06	234.63	136.61	77.1	87.64	113.82
Net Cash (Debt)	-199.33	-176.14	-125.7	-31.88	-29.57	315.4
Net Cash Growth	-	-	-	-	-	6410.40%
Net Cash Per Share	-19.95	-23.24	-26.87	-9.46	-12.32	191.03
Filing Date Shares Outstanding	15.23	15.27	14.06	5.58	3.14	2.36
Total Common Shares Outstanding	15.23	15.23	12.46	4.68	2.87	2.3
Working Capital	523.28	-0.96	38.08	17.49	-170.74	506.22
Book Value Per Share	39.66	12.54	27.17	44.04	15.79	336.92
Tangible Book Value	601.6	175.08	329.65	206.27	45.31	776.47
Tangible Book Value Per Share	39.51	11.50	26.45	44.04	15.79	336.92
Machinery	-	78.91	180.5	276.08	270.15	221.19
Leasehold Improvements	-	1.02	-	-	-	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

Data Sources Report a data error