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The9 LTD

corporate_fare Company Profile

The9 LTD

NCTY·NASDAQ·Crypto Assets·CIK 0001296774

The9 LTD operates in two primary business areas: online gaming and cryptocurrency mining. Historically, the company developed and operated proprietary or licensed online games, focusing on mobile and TV games. In 2024, The9 LTD pivoted back to the online gaming business, expanding it further in 2025. For new game launches, the company conducts "closed beta testing" to address operational issues, followed by "limited commercial release" and "open beta testing." During both limited commercial release and open beta testing, registered users can play without losing in-game data, ensuring system performance and stability. While user numbers are limited in limited commercial release, there is no such limit in open beta testing. The company can begin charging users at its discretion during these phases or later. In 2024, The9 LTD re-entered the online gaming market in the Chinese mainland and, in May 2024, entered an exclusive publishing license agreement with Wemade Co. Ltd. The company also began cryptocurrency mining activities in February 2021, providing computing power (hash rate) to a Bitcoin mining pool and receiving a fractional share of Bitcoin awards. As of March 31, 2026, The9 LTD had mined a total of 2,196.72 Bitcoins and held 347 Bitcoins after partial sales.

The9 LTD (NASDAQ:NCTY) is a publicly traded company in the Crypto Assets sector. Wiseek monitors NCTY SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • The9 Posts Record $23M Profit on 9BIT Token Windfall, Names New CEO, and Sets Aggressive Incentive Targets
  • The9 Posts Record $23M Quarterly Profit on Digital Asset Gains, Guides for Sequential Growth
  • The9 LTD Amends Shelf Registration, Details $19.57M Near-Term Offering Capacity Amidst Deepening Losses
  • The9 LTD Amends Shelf Registration for $188M Offering Amidst Deepening Losses and Urgent Capital Needs
  • The9 LTD Files $188M Shelf Registration Amidst Significant Losses, Signaling Urgent Capital Need

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
¥107.9M CNY
Net Income
-¥408.92M CNY
Diluted EPS
-¥0.18 CNY
Op. Cash Flow
-¥31.76M CNY
Gross Profit
¥1.81M CNY
Operating Income
-¥281.11M CNY
Cash & Equivalents
¥58.49M CNY
Total Debt
¥174.48M CNY
Debt / Equity
0.91×
Net Margin
-379.0%
Shares Outstanding
4.57B sh
Source: 20-F · filed 2026-04-15 · accession 0001104659-26-043910

Dilution Risk

Low risk

Filing-implied dilution signals for NCTY, detected from its recent SEC filings · based on capital-structure filings through 2026-06-18.

Shelf Registration Amendment · "Baby Shelf" Rule Clarification

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Insider Transactions

NCTY files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

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$3.25 +0.04% today
52-week range · as of 2026-07-27 $3.14 – $11.6
Market cap
$48.87M
Volume
106.5K (1.9× avg)
3-mo avg 57.5K
Live data · 2026-07-27 12:29 UTC · Pre-market

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feed NCTY - Latest Insights

NCTY
Jul 27, 2026, 6:07 AM EDT
Filing Type: 6-K
Importance Score:
9
Price at Filing: $3.35
Real-time Price: $3.25 info
Change: -$0.0998 (-3%) info
Market Cap: $48.874M info
NCTY
Jul 27, 2026, 12:01 AM EDT
Source: PR Newswire
Importance Score:
8
Price at Filing: $3.21
Real-time Price: $3.25 info
Change: +$0.0402 (+1%) info
Market Cap: $48.874M info
NCTY
Jun 18, 2026, 9:09 AM EDT
Filing Type: F-3/A
Importance Score:
8
Price at Filing: $5.11
Real-time Price: $3.25 info
Change: -$1.86 (-36%) info
Market Cap: $48.874M info
NCTY
May 08, 2026, 4:02 PM EDT
Filing Type: F-3/A
Importance Score:
9
Price at Filing: $5.80
Real-time Price: $3.25 info
Change: -$2.55 (-44%) info
Market Cap: $48.874M info
NCTY
Apr 16, 2026, 6:33 AM EDT
Filing Type: F-3
Importance Score:
8
Price at Filing: $5.51
Real-time Price: $3.25 info
Change: -$2.26 (-41%) info
Market Cap: $48.874M info
NCTY
Apr 15, 2026, 7:39 PM EDT
Filing Type: 20-F
Importance Score:
9
Price at Filing: $5.38
Real-time Price: $3.25 info
Change: -$2.13 (-40%) info
Market Cap: $48.874M info
NCTY
Feb 24, 2026, 6:05 AM EST
Filing Type: 6-K
Importance Score:
9
Price at Filing: $5.04
Real-time Price: $3.25 info
Change: -$1.79 (-36%) info
Market Cap: $48.874M info
NCTY
Feb 11, 2026, 7:13 AM EST
Filing Type: 6-K
Importance Score:
7
Price at Filing: $5.90
Real-time Price: $3.25 info
Change: -$2.65 (-45%) info
Market Cap: $48.874M info