The9 (NCTY) Stock Price

The9 Price

Frankfurt·CLOSED
31.98CNY-0.10 (-0.32 %)
Market closed

Revenue at The9 has contracted by 7.2% per year over the past 19 years to 112.00 M CNY. Earnings per share have declined at 44.2% per year over the last 18 years. The9's net margin stands at -65.2%, down from 66,116.7% several years earlier. The9 currently offers a dividend yield of about 3.47%. The stock trades about 17% above its 52-week low.

The9 stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of The9 over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how The9 stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing The9's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

The9 Stock Price History
DateThe9 Price
8/5/202631.98 CNY
8/4/202632.08 CNY
8/3/202630.66 CNY
7/31/202630.11 CNY
7/29/202629.50 CNY
7/13/202627.38 CNY
7/10/202629.40 CNY
6/11/202631.04 CNY
6/10/202629.56 CNY
6/5/202631.73 CNY
6/4/202631.57 CNY
6/3/202629.85 CNY
6/2/202630.84 CNY
6/1/202632.81 CNY
5/29/202635.59 CNY
5/28/202636.54 CNY
5/27/202635.61 CNY
5/26/202635.76 CNY
5/22/202636.08 CNY
5/21/202636.66 CNY
5/20/202636.39 CNY
5/19/202636.28 CNY
5/14/202641.32 CNY
4/22/202638.42 CNY
4/21/202639.46 CNY
4/20/202638.66 CNY
4/16/202636.22 CNY
4/15/202636.83 CNY
4/14/202636.67 CNY
4/13/202635.73 CNY
4/9/202635.54 CNY
4/8/202637.43 CNY
4/7/202637.92 CNY
4/6/202636.76 CNY
4/2/202637.32 CNY
4/1/202636.84 CNY
3/31/202637.81 CNY
3/30/202636.49 CNY
3/27/202636.64 CNY
3/26/202636.14 CNY
3/25/202640.36 CNY
3/24/202639.91 CNY
3/23/202640.11 CNY
3/20/202636.88 CNY
3/19/202638.23 CNY
3/18/202639.26 CNY
3/17/202642.08 CNY
3/16/202642.69 CNY
3/13/202640.34 CNY
3/12/202640.05 CNY
3/11/202642.57 CNY
3/10/202642.23 CNY
3/9/202643.92 CNY
3/6/202639.77 CNY
3/5/202642.86 CNY
3/4/202644.49 CNY
3/3/202640.27 CNY
3/2/202637.99 CNY
2/27/202638.61 CNY
2/26/202637.97 CNY
2/25/202639.98 CNY
2/24/202640.74 CNY
2/23/202634.82 CNY
2/20/202635.23 CNY
2/19/202636.55 CNY
2/18/202636.75 CNY
2/17/202638.00 CNY
2/13/202639.03 CNY
2/12/202638.99 CNY
2/11/202641.05 CNY
2/10/202640.80 CNY
2/9/202640.57 CNY
2/6/202640.52 CNY
2/5/202635.11 CNY
2/4/202641.58 CNY
2/3/202643.02 CNY
2/2/202643.05 CNY
1/30/202643.85 CNY
1/29/202644.32 CNY
1/28/202647.51 CNY
1/27/202647.78 CNY
1/26/202649.45 CNY
1/23/202651.89 CNY
1/22/202649.60 CNY
1/21/202648.19 CNY
1/20/202646.97 CNY
1/16/202647.60 CNY
1/15/202645.29 CNY
1/14/202646.93 CNY
1/13/202648.13 CNY
1/12/202647.97 CNY
1/9/202646.22 CNY
1/8/202645.10 CNY
1/7/202646.98 CNY
1/6/202646.59 CNY
1/5/202646.10 CNY
1/2/202643.57 CNY
12/31/202544.60 CNY
12/30/202545.17 CNY
12/29/202547.08 CNY
12/26/202549.38 CNY
12/24/202548.47 CNY
12/23/202550.74 CNY
12/22/202553.48 CNY
12/19/202557.88 CNY
12/18/202554.29 CNY
12/17/202553.53 CNY
12/16/202554.08 CNY
12/15/202552.01 CNY
12/12/202552.06 CNY
12/11/202552.65 CNY
12/10/202552.76 CNY
12/9/202552.42 CNY
12/8/202551.60 CNY
12/5/202550.91 CNY
12/4/202548.94 CNY
12/3/202547.33 CNY
12/2/202548.08 CNY
12/1/202547.81 CNY
11/28/202550.73 CNY
11/26/202550.62 CNY
11/25/202553.14 CNY
11/24/202552.53 CNY
11/21/202549.84 CNY
11/20/202545.10 CNY
11/19/202544.16 CNY
11/18/202545.22 CNY
11/17/202546.06 CNY
11/14/202546.41 CNY
11/13/202548.61 CNY
11/12/202552.24 CNY
11/11/202554.67 CNY
11/10/202556.10 CNY
11/7/202553.76 CNY
11/6/202557.38 CNY
11/5/202558.87 CNY
11/4/202557.79 CNY
11/3/202562.31 CNY
10/31/202568.17 CNY
10/30/202565.88 CNY
10/29/202566.59 CNY
10/28/202570.94 CNY
10/27/202572.43 CNY
10/23/202567.18 CNY
10/22/202563.71 CNY
10/21/202563.78 CNY
10/20/202565.25 CNY
10/16/202563.85 CNY
10/15/202566.13 CNY
10/14/202568.97 CNY
10/13/202569.40 CNY
10/9/202578.92 CNY
10/8/202581.38 CNY
10/7/202576.32 CNY
10/6/202574.26 CNY
10/2/202573.54 CNY
10/1/202575.61 CNY
9/30/202575.68 CNY
9/29/202573.21 CNY
9/25/202571.31 CNY
9/24/202572.77 CNY
9/23/202575.60 CNY
9/22/202573.18 CNY
9/18/202574.04 CNY
9/17/202571.18 CNY
9/16/202576.49 CNY
9/15/202577.77 CNY
9/11/202572.39 CNY
9/10/202567.74 CNY
9/9/202573.07 CNY
9/8/202573.58 CNY
9/4/202564.69 CNY
9/3/202566.60 CNY
9/2/202563.58 CNY
8/28/202566.61 CNY
8/27/202561.95 CNY
8/26/202563.99 CNY
8/25/202559.54 CNY
8/21/202555.85 CNY
8/20/202554.61 CNY
8/19/202553.48 CNY
8/18/202557.86 CNY
8/14/202558.66 CNY
8/13/202559.33 CNY
8/12/202555.92 CNY
8/11/202555.25 CNY
8/7/202561.96 CNY
8/6/202562.23 CNY
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The9 Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2017
73.10 M CNY
-113.30 M CNY
-175.30 M CNY
Jan 1, 2018
17.40 M CNY
-115.20 M CNY
-258.00 M CNY
Jan 1, 2019
300,000.00 CNY
-130.10 M CNY
-190.60 M CNY
Jan 1, 2020
600,000.00 CNY
-112.00 M CNY
396.70 M CNY
Jan 1, 2021
135.90 M CNY
-269.20 M CNY
-411.20 M CNY
Jan 1, 2022
118.90 M CNY
-563.20 M CNY
-974.90 M CNY
Jan 1, 2023
179.05 M CNY
-239.87 M CNY
20.00 M CNY
Jan 1, 2024
112.00 M CNY
-52.00 M CNY
-73.00 M CNY

The9 Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 6, 2026, 4:21 AM
 
REVENUEB CNY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM CNY
EBITM CNY
EBIT MARGIN%
NET INCOMEM CNY
NET INCOME GROWTH%
SHARESB
2009201020112012201320142015201620172018201920202021202220232024
0.760.100.110.150.100.060.050.060.070.02––0.140.120.180.11
-55.58-86.583.9245.28-32.47-38.46-28.1321.7430.36-76.71–––-12.5951.69-37.43
6.32-0.9863.2155.19-2.88-32.81-45.6512.5067.125.88––34.81-55.08-17.88-0.89
48.00-1.0067.0085.00-3.00-21.00-21.007.0049.001.00-1.00-1.0047.00-65.00-32.00-1.00
-403.00-315.00-384.00-573.00-494.00-340.00-329.00-217.00-113.00-115.00-130.00-112.00-269.00-563.00-239.00-52.00
-53.03-308.82-362.26-372.08-475.00-531.25-715.22-387.50-154.79-676.47––-199.26-477.12-133.52-46.43
-405.00-499.00-284.00-514.00-526.00-107.00-384.00-676.00-175.00-258.00-190.00396.00-411.00-974.0020.00-73.00
-521.8823.21-43.0980.992.33-79.66258.8876.04-74.1147.43-26.36-308.42-203.79136.98-102.05-465.00
––––––––––0.010.020.050.721.011.40
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales The9 generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue The9 retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare The9's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares The9 has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against The9's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

The9 stock margins

The The9 margin analysis displays the gross margin, EBIT margin, as well as the profit margin of The9. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for The9.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
67.58 %
-154.99 %
-239.81 %
Jan 1, 2018
5.75 %
-662.07 %
-1,482.76 %
Jan 1, 2019
-333.33 %
-43,366.67 %
-63,533.33 %
Jan 1, 2020
-33.33 %
-18,666.67 %
66,116.67 %
Jan 1, 2021
35.17 %
-198.09 %
-302.58 %
Jan 1, 2022
-55.26 %
-473.68 %
-819.93 %
Jan 1, 2023
-18.35 %
-133.97 %
11.17 %
Jan 1, 2024
-0.89 %
-46.43 %
-65.18 %

The9 Stock Revenue, EBIT, Earnings per Share

The The9 earnings per share therefore indicates how much revenue The9 has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
731.00 CNY
-1,133.00 CNY
-1,753.00 CNY
Jan 1, 2018
29.00 CNY
-192.00 CNY
-430.00 CNY
Jan 1, 2019
0.03 CNY
-12.27 CNY
-17.98 CNY
Jan 1, 2020
0.04 CNY
-6.83 CNY
24.19 CNY
Jan 1, 2021
2.75 CNY
-5.44 CNY
-8.31 CNY
Jan 1, 2022
0.17 CNY
-0.78 CNY
-1.35 CNY
Jan 1, 2023
0.18 CNY
-0.24 CNY
0.02 CNY
Jan 1, 2024
0.08 CNY
-0.04 CNY
-0.05 CNY

The9 business model & stock analysis

The9 Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

The9 Employees
Details
Date
The9 Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

The9 Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

The9 historical P/E ratio, EBIT multiple, and P/S ratio

The9 annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

The9 shares outstanding

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
100,000.00 Stocks
Jan 1, 2018
600,000.00 Stocks
Jan 1, 2019
10.60 M Stocks
Jan 1, 2020
16.40 M Stocks
Jan 1, 2021
49.50 M Stocks
Jan 1, 2022
720.20 M Stocks
Jan 1, 2023
1.01 B Stocks
Jan 1, 2024
1.40 B Stocks

The9 stock splits

In The9's history, there have been no stock splits.

The9 Dividend History

1 years of dividend payments

YearAnnual DividendYoY ChangePayments
20091.11CNY—1×

The9 dividend payout ratio

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
0.00 %
Jan 1, 2018
0.00 %
Jan 1, 2019
0.00 %
Jan 1, 2020
0.00 %
Jan 1, 2021
0.00 %
Jan 1, 2022
0.00 %
Jan 1, 2023
0.00 %
Jan 1, 2024
0.00 %
Price targets and forecasts for The9 are not yet available.

The9 Analyst Rating Actions

DateFirmActionRatingReliability
11/25/2020
Bank of America
Bank of America
MaintainedUnderperform70
12/31/2012
B of A Securities
B of A Securities
MaintainedUnderperform70
12/31/2012
Bank of America
Bank of America
MaintainedUnderperform70
12/30/2012
B of A Securities
B of A Securities
MaintainedUnderperform70
6/5/2012
Bank oferica
Bank oferica
MaintainedUnderperform–

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

The9 shareholder structure

% Name
0.01151%
Morgan Stanley & Co. LLC
Morgan Stanley & Co. LLC
0.00969%
Citadel Advisors LLC
Citadel Advisors LLC
0.00909%
BlackRock Asset Management Ireland Limited
BlackRock Asset Management Ireland Limited
0.00790%
UBS Financial Services, Inc.
UBS Financial Services, Inc.
0.00723%
Invesco Capital Management LLC
Invesco Capital Management LLC
0.00713%
Susquehanna International Group, LLP
Susquehanna International Group, LLP

The9 Beneficial Ownership Filings (SEC 13D/G)

Free Float
60.1%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
38.40%
Jun Zhu
Jun Zhu
SEC ↗
25.80%
(2)
(2)
SEC ↗
24.80%
Incsight Limited
Incsight Limited
SEC ↗
23.60%
Zhu
Zhu
SEC ↗
20.49%
Ark Pacific Capital Management Limited
Ark Pacific Capital Management Limited
SEC ↗
20.30%
Limited
Limited
SEC ↗
17.30%
10.
10.
SEC ↗
16.70%
Bosma Limited
Bosma Limited
SEC ↗
11.41%
FMR Corp.
FMR Corp.
SEC ↗
11.41%
Edward C. Johnson 3d
Edward C. Johnson 3d
SEC ↗

The9 Executives and Management Board

7 members · avg. age 54 · 14 % women

Management

JZ

Mr. Jun Zhu (55)

Chairman of the Board, Chief Executive Officer, Co-Founder · since 2020

–
CS

Mr. Chris Shen (53)

President

–
KL

Mr. Kwok Ho Lai (45)

Chief Finance Officer, Director · since 2008

–
CS

Ms. Connie Sun

Investor Relations Specialist · since 2020

–

Board of Directors

KC

Mr. Kwok Keung Chau (45)

Independent Director

–
DM

Mr. Davin Mackenzie (61)

Independent Director

–
KY

Mr. Ka Keung Yeung (62)

Independent Director

–

Frequently asked questions about The9

Converted at the current exchange rate, the The9 share trades at 4.10 EUR (31.98 CNY).

The The9 share (NCTY) is listed on 3 stock exchanges, including: XETRA (FZKA.F), Frankfurt (FZKA.F), München (FZKA.MU).

No history available for The9.

The revenue cannot currently be calculated for The9.

The profit cannot currently be calculated for The9.

The P/E ratio cannot be calculated for The9 at the moment.

The P/S cannot be calculated for The9 currently.

The Eulerpool Quality Score for The9 is 3/10.

The ISIN of The9 is US88337K4013. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of The9 is A2QFTR. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of The9 is NCTY. The ticker symbol is used to trade The9 shares on the stock exchange.

The current dividend yield of The9 is 3.47 %.

The9 paid dividends every year for the past 0 years.

The9 is assigned to the 'Communication' sector.

To receive the latest dividend of The9 from amounting to 1.11 CNY, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of The9 are distributed in CNY.

All fundamentals and in-depth analysis of The9

Our stock analysis for The9 stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of The9. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

The9 Stock
The9 Revenue→
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The9 Net Income→
The9 Stock
The9 P/E→
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The9 EBIT→
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The9 Dividend→
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The9 Directors Dealings→
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The9 Stock
The9 Market capitalization→
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The9 Debt→
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The9 Liabilities→
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The9 Equity→
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The9 AAQS→
The9 Stock
The9 Employees→
The9 Stock
The9 ROE→
The9 Stock
The9 ROA→
The9 Stock
The9 ROCE→
The9 Stock
The9 News→
The9 Stock
The9 Analyst Price Targets→

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