The9(US:NCTY) Jin Rong Jie·2025-08-15 14:07Core Viewpoint - The company, Ninth City (NCTY), is experiencing significant financial challenges, with a notable decline in revenue and net profit, while also focusing on diversifying into high-tech and blockchain-related businesses [1]. Financial Performance - As of December 31, 2024, Ninth City's total revenue is 112 million RMB, representing a year-over-year decrease of 35.81% [1]. - The company's net profit attributable to shareholders is -73.424 million RMB, reflecting a dramatic year-over-year decline of 467.06% [1]. Market Activity - On August 15, Ninth City shares increased by 2.44%, reaching a price of $8.38 per share, with a trading volume of $17,500 [1]. - The company's total market capitalization stands at $118 million [1]. Company Background - Ninth City Limited was listed on NASDAQ in 2004 under the stock code NCTY and is currently aiming to become a diversified high-tech internet company [1]. - The company is primarily focusing on blockchain-related business activities at this stage [1].