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The9 ( (NCTY) ) has provided an announcement.
For the six months ended June 30, 2025, The9 Limited reported unaudited results showing total net revenues fell to RMB 62.1 million from RMB 92.1 million a year earlier, as cryptocurrency mining revenue more than halved while online game services and other revenues rose sharply. Despite gains from fair value changes and realized gains on cryptocurrencies and derivatives, higher general and administrative expenses and substantial impairment charges on equity and other investments pushed the company to a net loss of RMB 68.0 million attributable to shareholders, compared with a small profit in the prior-year period, highlighting the earnings volatility and operational pressures in its crypto-focused business model.
More about The9
The9 Limited is a Shanghai-based Chinese company that primarily operates in cryptocurrency mining while also generating revenue from online game services and related digital businesses, giving it exposure to both the digital asset and interactive entertainment markets.
Average Trading Volume: 70,363
Technical Sentiment Signal: Strong Sell
Current Market Cap: $102.5M
Find detailed analytics on NCTY stock on TipRanks’ Stock Analysis page.