SHANGHAI, June 2, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a definitive share purchase agreement (the "Agreement") with Wuhan Weixiang Science And Technology Co., Ltd. ("WeiXiang"), an AI-powered educational technology company in China, to purchase 19% of WeiXiang by cash and issuance of The9's restricted shares. The9 is also granted a purchase option to purchase up to 51% of the total shares of WeiXiang based on a valuation c ...

SHANGHAI, May 24, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an established Internet company, today announced that it agreed and signed a private placement agreement (the "Agreement") with Fine Vision Fund, established by Finewill Capital, an internationally renowned investment institution. The fund is dedicated to investing in global game projects and supporting the future of the game industry. Pursuant to the Agreement, Fine Vision Fund will invest US$3.5 million to the Company, wit ...

SHANGHAI, May 24, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an established Internet company, today announced that its wholly-owned subsidiary China Crown Technology Limited ("China Crown"), a company incorporated in Hong Kong, entered into an exclusive publishing license agreement (the "License Agreement") with Wemade Co., Ltd. ("Wemade"). Pursuant to the License Agreement, China Crown will exclusively publish and service the new MIR M game in mainland China, in both Mobile and PC ve ...

SHANGHAI, May 20, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a definitive share purchase agreement (the "Agreement") with Kuaijin Shidai (Xiamen) Technology Co., Ltd. ("KuaiJin"), a company operating unmanned retail store platform in China, to purchase 15% of KuaiJin by cash and issuance of The9's restricted shares. The9 is also granted a purchase option to purchase up to 51% of the total shares of KuaiJin. The purchase option i ...

公司财务表现 - 2023年净收入同比增长66%，从2022年的1.08亿元人民币增至1.79亿元人民币（约合2500万美元）[2] - 2023年净利润为1300万人民币（约合200万美元），相比于2022年的净亏损9.75亿人民币有了显著改善[3] 业务发展 - 公司董事长兼首席执行官朱军表示，2023年公司的加密货币挖矿业务增长[4] - 公司在不同垂直行业步入人工智能应用业务[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

SHANGHAI, Feb. 21, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a legally binding term sheet (the "Term Sheet") with Zhejiang Fazhidao Information Technology Co., Ltd. ("Fazhidao") to purchase 19% shares of Fazhidao by cash and issuance of The9's restricted shares. The9 is also granted a purchase option to purchase up to 51% of the total shares of Fazhidao, based on a valuation calculated as 7 times of Fazhidao's audited annual pr ...

SHANGHAI, Jan. 19, 2024 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that it was informed by its Chairman and CEO, Jun Zhu, of his intention to use personal funds to purchase up to 10% of the Company's outstanding American depositary shares in the open market from time to time at prevailing market prices in accordance with applicable rules and regulations. "As the Chairman and CEO, I must follow all the rules and regulations on purch ...

公司业务及财务状况 - The9 Limited是一家开曼群岛控股公司，主要从全球区域获取收入，2022年中国大陆收入占比微乎其微[24] - The9 Limited主要从事全球区块链业务，包括加密货币挖矿和NFT平台NFTSTAR[24] - 公司通过其子公司在中国大陆开展业务，已获得必要的许可证和许可证[44] - 公司目前不在中国大陆自行经营在线游戏业务，而是授权第三方开发和发布在线游戏[44] - 截至2022年12月31日，公司现金及现金等价物为42.84亿元人民币[67] - 2022年12月31日，公司经营活动产生的净现金流为负15.47亿人民币[67] - 公司2022年录得净亏损97.95亿元人民币[71] - 公司2022年12月31日现金及现金等价物为5.81亿元人民币，净流动资产为负16.65亿元人民币[72] - 公司累计赤字约43.78亿元人民币[73] - 公司可能无法继续作为持续经营实体[74] - 公司2020年录得净收入39.34亿元人民币，2021年录得净亏损41.68亿元人民币[71] - 公司2020年、2021年和2022年分别录得负106.3亿、负687.7亿和负154.7亿人民币的经营现金流[72] - 公司可能需要额外融资以支持业务和运营[81] 数字资产挖矿业务 - 公司与Bitmain Technologies Limited签署了比特币挖矿机购买协议，总价为8280万美元[108] - 新矿机的价格可能与比特币等加密货币的市场价格相关，如果市场价格持续较高，获取新矿机的成本可能会增加[109] - 公司的财务状况和运营结果取决于比特币的价格，价格下跌可能会对业务和运营结果产生不利影响[116] - 挖矿设施可能会受到损坏，包括未受保险覆盖的损害[118] - 公司的挖矿操作可能受到电力中断的影响，无法在停电期间使用备用发电机[123] - 矿工停止记录交易可能导致对数字资产网络的信心丧失，从而对投资产生不利影响[124] - 数字资产网络软件补丁或升级的接受可能导致区块链“分叉”，对投资产生不利影响[126] - 过去六年，数字资产挖矿操作已经从个人用户挖矿演变为专业化挖矿操作[103] - 专业化挖矿操作需要投入大量资本用于硬件的购买、运营空间的租赁、电费的支出和雇佣技术人员来操作挖矿农场，可能会对公司的投资产生不利影响[104] - 专业化的挖矿操作可能会在低利润率下更快地出售新挖出的数字资产[105] - 购买新矿机和零部件的成本可能非常资本密集，对业务和运营结果可能产生重大不利影响[106] - 挖掘加密货币的成本必须低于出售时的价格，否则挖矿操作将无法成功和盈利[107] NFT业务及风险 - 公司可能面临来自NFT所有权的法律风险[170] - NFT和其所代表的基础资产是分开的资产[172] - NFT市场的发展和持续性可能会对公司业务运营产生重大不利影响[183] - NFT的价值不确定，可能使公司面临不可预见的风险[184] - NFT的价值可能会受到“繁荣与衰退”周期的影响[186] - 公司的NFT交易和社区平台的运营依赖于被接受和安全的区块链[182] - 数字资产和NFT可能会受到安全漏洞、网络攻击或其他恶意活动的影响[188] - 数字资产和NFT的监管仍处于早期阶段，未来的监管可能增加公司的合规成本或对业务产生不利影响[189] - NFT可能不被视为证券，但具体情况可能影响其分类[190] 法律及监管风险 - 公司可能因为加密货币相关法律法规的不确定性而面临重大不利变化[195] - 美国证券交易委员会（SEC）认为某些加密货币可能属于“证券”[196] - 确定某种加密货币是否属于“证券”是一个高度复杂的事实驱动分析[197] - 以太坊的权益证明机制可能使其更接近“证券”[198] - 加密货币被视为“证券”可能会对公司的运营和价值产生负面影响[199] - 如果SEC或法院确定某种加密货币是“证券”，可能会导致平台停止交易该加密货币[200] 全球经济及其他风险 - 公司业务可能受到COVID-19大流行的不利影响[201] - 全球范围内的COVID-19大流行可能对公司的业务目标产生影响[203] - 公司的投资或合资可能对财务业绩和业务前景产生不利影响[206] - 政治或经济危机可能导致数字资产价值下降[135] - 政治或经济危机可能导致大规模数字资产买卖，影响数字资产价值[136] - 全球危机和经济衰退可能导致投资者转向不太波动的资产，对公司业务和比特币价值产生不利影响[137]