The9(US:NCTY) Jin Rong Jie·2025-08-08 13:49Core Viewpoint - The company, Ninth City (NCTY), is experiencing a significant decline in revenue and net profit, while its stock price has shown a slight increase in the short term [1]. Financial Performance - As of December 31, 2024, Ninth City reported total revenue of 112 million RMB, representing a year-over-year decrease of 35.81% [1]. - The company's net profit attributable to shareholders was -73.424 million RMB, reflecting a dramatic year-over-year decline of 467.06% [1]. Market Activity - On August 8, Ninth City opened with a stock price increase of 4.4%, reaching $9.01 per share by 21:30, with a trading volume of $597,200 [1]. - The total market capitalization of Ninth City stands at $127 million [1]. Business Focus - Ninth City, established in 2004 and listed on NASDAQ under the ticker NCTY, is actively positioning itself as a diversified high-tech internet company, with a current focus on blockchain-related businesses [1].