The9 LTD (NCTY)
Every figure this model derived for NCTY, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2025-12-31.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| cash | 8,489,538 | CashAndCashEquivalentsAtCarryingValue |
2025-12-31 |
| current assets | 48,968,000 | AssetsCurrent |
2025-12-31 |
| current liabilities | 49,103,000 | LiabilitiesCurrent |
2025-12-31 |
| equity | 27,296,000 | StockholdersEquity |
2025-12-31 |
| interest expense | 3,327,000 | InterestExpenseNonoperating |
2025-12-31 |
| ocf | -4,540,000 | NetCashProvidedByUsedInOperatingActivities |
2025-12-31 |
| revenue | 15,429,000 | RevenueFromContractWithCustomerIncludingAssessedTax |
2025-12-31 |
| sbc | 16,595,000 | ShareBasedCompensation |
2025-12-31 |
The ratios
The figures themselves rather than their scores — what somebody looking up NCTY on one particular measure came for.
| Ratio | Value |
|---|---|
| cash operating margin | -152.97 |
| current ratio | 1.0 |
| current ratio reported | 1.0 |
| deferred revenue growth | 196.2 |
| dilution pct | 62.1 |
| ev owner earnings | -2.4 |
| ev sales | 3.28 |
| fcf margin | -29.43 |
| growth cv | 2.0 |
| interest cover | -12.08 |
| operating margin | -260.53 |
| owner earnings margin | -136.98 |
| revenue growth | 0.81 |
| revenue growth per share | -37.81 |
| roic | -123.6 |
| rule of 40 | -259.72 |
| sbc pct revenue | 107.56 |
Everything else this filing tags
400 more elements from NCTY's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue | 1,854,957,000,000 | 2020-12-31 | 5 | CNY |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues | 1,694,208,000,000 | 2020-12-31 | 1 | CNY |
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue | 284,285,000,000 | 2020-12-31 | 4 | USD |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues | 259,649,000,000 | 2020-12-31 | 1 | USD |
PrepaidExpenseCurrent | 39,576,920,000 | 2024-12-31 | 8 | CNY |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome | -37,851,000,000 | 2020-12-31 | 3 | CNY |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome | -5,801,000,000 | 2020-12-31 | 2 | USD |
RetainedEarningsAccumulatedDeficit | -4,832,656,000 | 2025-12-31 | 32 | CNY |
AdditionalPaidInCapitalCommonStock | 4,706,242,000 | 2025-12-31 | 32 | CNY |
WeightedAverageNumberOfDilutedSharesOutstanding | 2,273,782,000 | 2025-12-31 | 15 | shares |
WeightedAverageNumberOfSharesOutstandingBasic | 2,273,782,000 | 2025-12-31 | 15 | shares |
CommonStockSharesIssued | 1,675,281,127 | 2024-03-31 | 20 | shares |
CommonStockSharesOutstanding | 1,675,281,127 | 2024-03-31 | 19 | shares |
ProceedsFromIssuanceOrSaleOfEquity | 1,011,476,118 | 2021-12-31 | 11 | CNY |
IncomeLossAttributableToParent | -974,859,050 | 2022-12-31 | 29 | CNY |
RetainedEarningsAccumulatedDeficit | -691,061,000 | 2025-12-31 | 16 | USD |
AdditionalPaidInCapitalCommonStock | 672,984,000 | 2025-12-31 | 16 | USD |
Assets | 593,748,000 | 2025-12-31 | 33 | CNY |
LiabilitiesAndStockholdersEquity | 593,748,000 | 2025-12-31 | 32 | CNY |
DeferredTaxAssetsGrossNoncurrent | 552,574,413 | 2014-12-31 | 6 | CNY |
DeferredTaxAssetsValuationAllowanceNoncurrent | 552,574,413 | 2014-12-31 | 6 | CNY |
BusinessAcquisitionsProFormaNetIncomeLoss | -532,673,479 | 2010-12-31 | 1 | CNY |
AllowanceForDoubtfulAccountsReceivableCurrent | 505,459,000 | 2024-12-31 | 27 | CNY |
ValuationAllowanceAmount | 448,543,507 | 2012-12-31 | 3 | CNY |
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries | 443,939,997 | 2020-12-31 | 6 | CNY |
NetSharesReclassifiedToMandatorilyRedeemableCapitalStockShares | 417,880,500 | 2025-12-31 | 2 | shares |
ConvertibleDebt | 414,100,000 | 2019-12-31 | 5 | CNY |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | -408,950,000 | 2025-12-31 | 47 | CNY |
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest | -408,916,000 | 2025-12-31 | 36 | CNY |
ProfitLoss | -408,916,000 | 2025-12-31 | 47 | CNY |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | -408,916,000 | 2025-12-31 | 9 | CNY |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -408,806,000 | 2025-12-31 | 3 | CNY |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | -408,235,000 | 2025-12-31 | 35 | CNY |
ComprehensiveIncomeNetOfTax | -402,480,000 | 2025-12-31 | 47 | CNY |
NetIncomeLossAvailableToCommonStockholdersBasic | -402,446,000 | 2025-12-31 | 26 | CNY |
OperatingLossCarryforwards | 401,300,000 | 2025-12-31 | 14 | CNY |
Liabilities | 351,212,000 | 2025-12-31 | 32 | CNY |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign | -340,955,000 | 2025-12-31 | 3 | CNY |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 337,171,164 | 2021-06-30 | 29 | shares |
ConvertibleDebtFairValueDisclosures | 316,000,000 | 2017-12-31 | 3 | CNY |
AssetsNet | -315,900,000 | 2020-12-31 | 5 | CNY |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures | 297,223,000 | 2024-12-31 | 26 | CNY |
OperatingExpenses | 282,923,000 | 2025-12-31 | 47 | CNY |
OperatingIncomeLoss | -281,114,000 | 2025-12-31 | 47 | CNY |
CryptoAssetFairValue | 252,206,000 | 2025-12-31 | 6 | CNY |
CommonStockSharesAuthorized | 250,000,000 | 2013-12-31 | 6 | shares |
CryptoAssetFairValueRestricted | 238,533,000 | 2025-12-31 | 4 | CNY |
GeneralAndAdministrativeExpense | 205,816,000 | 2025-12-31 | 47 | CNY |
Dividends | 201,028,477 | 2009-12-31 | 1 | CNY |
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount | 193,650,000 | 2024-12-31 | 41 | shares |
ShortTermBorrowings | 174,476,000 | 2025-12-31 | 12 | CNY |
LongTermInvestments | 171,558,000 | 2025-12-31 | 2 | CNY |
CustomerRefundLiabilityCurrent | 169,998,682 | 2022-12-31 | 27 | CNY |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 169,837,000 | 2025-12-31 | 64 | CNY |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 161,923,403 | 2017-12-31 | 12 | CNY |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation | 159,336,640 | 2022-12-31 | 8 | CNY |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax | 158,809,293 | 2023-12-31 | 3 | CNY |
ProceedsFromIssuanceOrSaleOfEquity | 158,722,675 | 2021-12-31 | 3 | USD |
IncomeLossFromDiscontinuedOperationsNetOfTax | 156,853,103 | 2023-12-31 | 6 | CNY |
StockIssued1 | 146,494,380 | 2021-06-30 | 11 | CNY |
StockIssuedDuringPeriodValuePurchaseOfAssets | 144,216,693 | 2021-12-31 | 3 | CNY |
IncomeLossAttributableToParent | -141,341,275 | 2022-12-31 | 10 | USD |
EquityRestrictions | 140,300,000 | 2025-12-31 | 13 | CNY |
CashAndCashEquivalentsPeriodIncreaseDecrease | -138,367,571 | 2018-12-31 | 24 | CNY |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities | -134,829,673 | 2021-06-30 | 1 | CNY |
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries | 133,000,000 | 2025-12-31 | 14 | CNY |
StockIssuedDuringPeriodValueShareBasedCompensation | 116,053,000 | 2025-12-31 | 6 | CNY |
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet | 114,932,807 | 2010-04-06 | 1 | CNY |
IssuanceOfStockAndWarrantsForServicesOrClaims | 112,366,201 | 2020-12-31 | 1 | CNY |
DeferredTaxAssetsGross | 109,520,000 | 2025-12-31 | 22 | CNY |
DeferredTaxAssetsValuationAllowance | 109,520,000 | 2025-12-31 | 39 | CNY |
BusinessAcquisitionsProFormaRevenue | 108,513,582 | 2010-12-31 | 1 | CNY |
IntangibleAssetsCurrent | 107,961,261 | 2023-12-31 | 8 | CNY |
RevenueFromContractWithCustomerExcludingAssessedTax | 107,898,000 | 2025-12-31 | 23 | CNY |
Revenues | 107,898,000 | 2025-12-31 | 17 | CNY |
CostOfGoodsAndServicesSold | 106,089,000 | 2025-12-31 | 32 | CNY |
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | -99,071,000 | 2025-12-31 | 1 | CNY |
DeferredTaxAssetsTaxCreditCarryforwards | 97,392,000 | 2025-12-31 | 28 | CNY |
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsReceivables | 95,549,799 | 2010-04-06 | 1 | CNY |
DeferredTaxAssetsGrossNoncurrent | 89,058,829 | 2014-12-31 | 3 | USD |
DeferredTaxAssetsValuationAllowanceNoncurrent | 89,058,829 | 2014-12-31 | 3 | USD |
CryptoAssetPaymentForService | 88,310,000 | 2025-12-31 | 4 | CNY |
DepreciationAndAmortization | 86,865,803 | 2023-12-31 | 15 | CNY |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -86,651,662 | 2017-12-31 | 12 | CNY |
IntangibleAssetsGrossExcludingGoodwill | 86,118,349 | 2021-12-31 | 2 | CNY |
Assets | 84,904,000 | 2025-12-31 | 18 | USD |
LiabilitiesAndStockholdersEquity | 84,904,000 | 2025-12-31 | 16 | USD |
AssetAcquisitionConsiderationTransferredTransactionCost | 82,800,000 | 2021-03-31 | 3 | USD |
NetCashProvidedByUsedInFinancingActivities | 78,468,000 | 2025-12-31 | 35 | CNY |
ProceedsFromConvertibleDebt | 78,358,000 | 2025-12-31 | 21 | CNY |
NetIncomeLoss | -73,424,000 | 2024-12-31 | 44 | CNY |
SalesRevenueNet | 73,208,166 | 2017-12-31 | 21 | CNY |
RedeemableNoncontrollingInterestEquityCommonCarryingAmount | 72,699,000 | 2025-12-31 | 4 | CNY |
TemporaryEquityCarryingAmountAttributableToParent | 72,699,000 | 2025-12-31 | 3 | CNY |
ValuationAllowanceAmount | 71,996,197 | 2012-12-31 | 2 | USD |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue | 70,759,800 | 2023-12-31 | 41 | CNY |
StockIssuedDuringPeriodValueNewIssues | 69,704,000 | 2025-12-31 | 19 | CNY |
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries | 68,036,781 | 2020-12-31 | 1 | USD |
CryptoAssetSale | 67,948,000 | 2025-12-31 | 4 | CNY |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic | -67,851,000 | 2025-12-31 | 3 | CNY |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued | 66,326,100 | 2021-12-31 | 4 | CNY |
DebtInstrumentFaceAmount | 63,042,155 | 2021-06-30 | 1 | CNY |
ConvertibleDebt | 59,500,000 | 2019-12-31 | 5 | USD |
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill | 58,624,256 | 2022-12-31 | 16 | CNY |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 58,489,000 | 2025-12-31 | 20 | CNY |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | -58,479,000 | 2025-12-31 | 16 | USD |
ProfitLoss | -58,474,000 | 2025-12-31 | 16 | USD |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | -58,474,000 | 2025-12-31 | 3 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -58,458,000 | 2025-12-31 | 1 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | -58,376,000 | 2025-12-31 | 12 | USD |
ComprehensiveIncomeNetOfTax | -57,554,000 | 2025-12-31 | 16 | USD |
NetIncomeLossAvailableToCommonStockholdersBasic | -57,549,000 | 2025-12-31 | 9 | USD |
NoncurrentAssets | 55,418,000 | 2025-12-31 | 6 | CNY |
LitigationSettlementAmountAwardedToOtherParty | 54,700,000 | 2021-12-31 | 3 | CNY |
LitigationReserve | 54,700,000 | 2021-12-31 | 1 | CNY |
DebtConversionConvertedInstrumentAmount1 | 53,388,000 | 2025-12-31 | 9 | CNY |
DebtInstrumentConvertibleBeneficialConversionFeature | 52,418,000 | 2025-12-31 | 6 | CNY |
Liabilities | 50,221,000 | 2025-12-31 | 16 | USD |
AccountsPayableAndOtherAccruedLiabilitiesCurrent | 49,809,000 | 2025-12-31 | 10 | CNY |
RepaymentsOfConvertibleDebt | 48,878,103 | 2020-12-31 | 2 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign | -48,755,000 | 2025-12-31 | 1 | USD |
ConvertibleDebtFairValueDisclosures | 48,600,000 | 2017-12-31 | 3 | USD |
AssetsNet | -48,400,000 | 2020-12-31 | 5 | USD |
ConvertibleNotesPayableCurrent | 48,152,000 | 2025-12-31 | 16 | CNY |
ConvertibleNotesPayable | 48,152,000 | 2025-12-31 | 5 | CNY |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | 47,578,000 | 2025-12-31 | 23 | CNY |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | 46,889,000 | 2025-12-31 | 30 | CNY |
AssetImpairmentCharges | 46,463,746 | 2021-06-30 | 13 | CNY |
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual | 46,200,000 | 2010-12-31 | 1 | CNY |
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | 45,994,000 | 2025-12-31 | 28 | CNY |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 44,073,433 | 2017-12-31 | 12 | CNY |
PropertyPlantAndEquipmentNet | 43,582,000 | 2025-12-31 | 33 | CNY |
IncreaseDecreaseInIntangibleAssetsCurrent | 42,755,445 | 2022-12-31 | 6 | CNY |
EquityMethodInvestmentOtherThanTemporaryImpairment | 41,629,000 | 2025-12-31 | 35 | CNY |
AllowanceForDoubtfulOtherReceivablesCurrent | 40,773,000 | 2025-12-31 | 14 | CNY |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures | 40,719,000 | 2024-12-31 | 14 | USD |
OperatingExpenses | 40,456,000 | 2025-12-31 | 16 | USD |
OperatingIncomeLoss | -40,197,000 | 2025-12-31 | 20 | USD |
CustomerAdvancesCurrent | 39,631,950 | 2018-12-31 | 16 | CNY |
ValuationAllowanceDeferredTaxAssetChangeInAmount | -38,669,000 | 2025-12-31 | 33 | CNY |
CryptoAssetUnrealizedGainLossOperating | -36,178,000 | 2025-12-31 | 5 | CNY |
CryptoAssetFairValue | 36,065,000 | 2025-12-31 | 2 | USD |
LongTermLoansFromBank | 35,141,459 | 2016-12-31 | 4 | CNY |
PaymentsToAcquireInterestInJointVenture | 34,881,000 | 2019-12-31 | 6 | CNY |
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent | 34,501,797 | 2021-06-30 | 2 | CNY |
RepaymentsOfConvertibleDebt | 34,390,000 | 2024-12-31 | 8 | CNY |
SellingAndMarketingExpense | 33,951,000 | 2025-12-31 | 47 | CNY |
MarketingExpense | 33,600,000 | 2025-12-31 | 3 | CNY |
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost | 33,000,000 | 2018-12-31 | 5 | CNY |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted | 32,190,000 | 2021-02-28 | 1 | shares |
LongTermDebtAndCapitalLeaseObligationsCurrent | 31,624,560 | 2019-12-31 | 6 | CNY |
ProceedsFromIssuanceOfCommonStock | 31,504,000 | 2025-12-31 | 2 | CNY |
InterestExpense | 31,379,168 | 2023-12-31 | 24 | CNY |
AmortizationOfDebtDiscountPremium | 30,289,000 | 2024-12-31 | 29 | CNY |
SaleOfStockConsiderationReceivedPerTransaction | 30,000,000 | 2017-06-30 | 2 | USD |
GeneralAndAdministrativeExpense | 29,431,000 | 2025-12-31 | 16 | USD |
PaymentsToAcquireOtherInvestments | 28,445,000 | 2024-12-31 | 22 | CNY |
RetainedEarningsAppropriated | 28,071,982 | 2018-12-31 | 16 | CNY |
PrepaidExpenseAndOtherAssetsCurrent | 26,047,000 | 2024-12-31 | 31 | CNY |
IncreaseDecreaseInOtherCurrentLiabilities | -25,993,004 | 2011-12-31 | 3 | CNY |
ProceedsFromBankDebt | 24,992,214 | 2016-12-31 | 3 | CNY |
ShortTermBorrowings | 24,950,000 | 2025-12-31 | 7 | USD |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | -24,888,425 | 2018-12-31 | 24 | CNY |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 24,887,171 | 2017-12-31 | 4 | USD |
CustomerRefundLiabilityCurrent | 24,647,492 | 2022-12-31 | 15 | USD |
LongTermInvestments | 24,532,000 | 2025-12-31 | 1 | USD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 24,287,000 | 2025-12-31 | 18 | USD |
ImpairmentOfInvestments | 23,400,000 | 2021-12-31 | 25 | CNY |
StockIssued1 | 22,689,090 | 2021-06-30 | 3 | USD |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax | 22,367,821 | 2023-12-31 | 1 | USD |
IncomeLossFromDiscontinuedOperationsNetOfTax | 22,092,297 | 2023-12-31 | 3 | USD |
DueToRelatedPartiesCurrent | 21,159,559 | 2022-12-31 | 22 | CNY |
MinorityInterest | -21,043,000 | 2025-12-31 | 40 | CNY |
CommonStockSharesSubscribedButUnissued | 21,000,000 | 2018-09-30 | 1 | shares |
PaymentsOfDebtIssuanceCosts | 20,779,520 | 2015-12-31 | 2 | CNY |
CashAndCashEquivalentsPeriodIncreaseDecrease | -20,124,727 | 2018-12-31 | 8 | USD |
EquityRestrictions | 20,100,000 | 2025-12-31 | 10 | USD |
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 | 20,010,351 | 2015-12-31 | 18 | CNY |
StockRepurchasedAndRetiredDuringPeriodValue | 19,517,000 | 2022-12-31 | 11 | CNY |
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries | 19,000,000 | 2025-12-31 | 12 | USD |
AccountsPayableAndAccruedLiabilitiesNoncurrent | 18,992,201 | 2014-12-31 | 9 | CNY |
FiniteLivedIntangibleAssetsGross | 17,340,000 | 2025-12-31 | 1 | CNY |
LitigationReserveNoncurrent | 17,200,000 | 2022-12-31 | 1 | CNY |
LossContingencyAccrualCarryingValueCurrent | 17,199,963 | 2022-12-31 | 4 | CNY |
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet | 16,840,000 | 2010-04-06 | 1 | USD |
ConvertibleDebtNoncurrent | 16,746,100 | 2023-12-31 | 6 | CNY |
ConvertibleLongTermNotesPayable | 16,746,100 | 2023-12-31 | 1 | CNY |
CostOfRevenue | 16,435,590 | 2018-12-31 | 15 | CNY |
PaidInKindInterest | 16,252,000 | 2025-12-31 | 3 | CNY |
FiniteLivedIntangibleAssetsNet | 15,801,000 | 2025-12-31 | 6 | CNY |
DeferredTaxAssetsGross | 15,661,000 | 2025-12-31 | 11 | USD |
DeferredTaxAssetsValuationAllowance | 15,661,000 | 2025-12-31 | 26 | USD |
RevenueFromContractWithCustomerExcludingAssessedTax | 15,429,000 | 2025-12-31 | 8 | USD |
Revenues | 15,429,000 | 2025-12-31 | 11 | USD |
BusinessAcquisitionPurchasePriceAllocationNoncontrollingInterest | 15,417,870 | 2010-04-06 | 1 | CNY |
IntangibleAssetsCurrent | 15,206,026 | 2023-12-31 | 7 | USD |
CostOfGoodsAndServicesSold | 15,170,000 | 2025-12-31 | 11 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod | 15,000,000 | 2019-01-21 | 14 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod | 15,000,000 | 2019-01-31 | 7 | shares |
RestructuringSettlementAndImpairmentProvisions | -14,371,918 | 2014-12-31 | 12 | CNY |
GainLossOnSaleOfInvestments | 14,300,000 | 2021-12-31 | 8 | CNY |
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | -14,167,000 | 2025-12-31 | 1 | USD |
DeferredTaxAssetsEquityMethodInvestments | 14,041,000 | 2025-12-31 | 28 | CNY |
DeferredTaxAssetsTaxCreditCarryforwards | 13,926,000 | 2025-12-31 | 14 | USD |
CryptoAssetFairValueUnrestricted | 13,673,000 | 2025-12-31 | 4 | CNY |
IntangibleAssetsGrossExcludingGoodwill | 13,513,848 | 2021-12-31 | 2 | USD |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -13,318,121 | 2017-12-31 | 4 | USD |
NetIncomeLossAvailableToCommonStockholdersDiluted | -13,015,392 | 2021-12-31 | 24 | CNY |
LossContingencyDamagesSoughtValue | 13,000,000 | 2020-09-30 | 6 | USD |
LesseeOperatingLeaseLiabilityPaymentsDue | 12,835,000 | 2025-12-31 | 15 | CNY |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal | 12,286,011 | 2021-06-30 | 1 | USD |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal | 12,286,011 | 2021-12-31 | 1 | CNY |
DepreciationAndAmortization | 12,234,792 | 2023-12-31 | 7 | USD |
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates | 12,178,328 | 2015-12-31 | 8 | CNY |
OperatingLeaseLiability | 12,004,000 | 2025-12-31 | 15 | CNY |
AccumulatedOtherComprehensiveIncomeLossNetOfTax | -11,924,000 | 2025-12-31 | 32 | CNY |
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsCashAndCashEquivalents | 11,876,274 | 2010-04-06 | 1 | CNY |
OperatingLeaseRightOfUseAsset | 11,836,000 | 2025-12-31 | 15 | CNY |
SalesRevenueNet | 11,251,889 | 2017-12-31 | 7 | USD |
NetCashProvidedByUsedInFinancingActivities | 11,221,000 | 2025-12-31 | 12 | USD |
ProceedsFromConvertibleDebt | 11,205,000 | 2025-12-31 | 7 | USD |
IncreaseDecreaseInAccountsReceivable | 10,973,000 | 2025-12-31 | 46 | CNY |
GoodwillAcquiredDuringPeriod | 10,900,000 | 2010-12-31 | 7 | CNY |
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount | 10,870,537 | 2010-04-06 | 1 | CNY |
IncomeTaxReconciliationTaxExemptIncome | 10,800,000 | 2022-12-31 | 1 | CNY |
PaymentsToAcquireEquityMethodInvestments | 10,641,000 | 2024-12-31 | 11 | CNY |
CryptoAssetRealizedGainLossOperating | 10,627,000 | 2025-12-31 | 6 | CNY |
GoodwillGross | 10,561,857 | 2016-12-31 | 24 | CNY |
PaymentsToAcquireIntangibleAssets | 10,510,000 | 2025-12-31 | 26 | CNY |
RedeemableNoncontrollingInterestEquityCommonCarryingAmount | 10,396,000 | 2025-12-31 | 2 | USD |
TemporaryEquityCarryingAmountAttributableToParent | 10,396,000 | 2025-12-31 | 2 | USD |
MinorityInterestPeriodIncreaseDecrease | -10,278,000 | 2024-12-31 | 10 | CNY |
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest | 10,278,000 | 2024-12-31 | 18 | CNY |
NetIncomeLoss | -10,059,000 | 2024-12-31 | 15 | USD |
StockRepurchaseProgramAuthorizedAmount | 10,000,000 | 2012-12-31 | 4 | USD |
StockRepurchaseProgramAuthorizedAmount1 | 10,000,000 | 2012-12-31 | 2 | USD |
ResearchAndDevelopmentExpense | 9,798,000 | 2025-12-31 | 47 | CNY |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic | -9,703,000 | 2025-12-31 | 1 | USD |
OtherLiabilitiesCurrent | 9,658,000 | 2025-12-31 | 32 | CNY |
DeferredTaxAssetsGrossCurrent | 9,348,404 | 2014-12-31 | 6 | CNY |
DeferredTaxAssetsValuationAllowanceCurrent | 9,348,404 | 2014-12-31 | 6 | CNY |
TemporaryEquityAccretionToRedemptionValueAdjustment | 8,780,141 | 2017-12-31 | 3 | USD |
LitigationSettlementAmountAwardedToOtherParty | 8,600,000 | 2021-12-31 | 3 | USD |
LitigationSettlementExpense | 8,600,000 | 2022-04-30 | 3 | USD |
SettlementLiabilitiesCurrent | 8,600,000 | 2022-04-30 | 5 | USD |
LitigationSettlementLoss | 8,600,000 | 2022-04-30 | 1 | USD |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities | 8,366,000 | 2025-12-31 | 47 | CNY |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 8,364,000 | 2025-12-31 | 10 | USD |
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber | 8,200,000 | 2017-12-31 | 3 | shares |
DebtInstrumentConvertibleBeneficialConversionFeature | 8,112,556 | 2015-11-24 | 1 | USD |
NoncurrentAssets | 7,925,000 | 2025-12-31 | 6 | USD |
OperatingLeaseLiabilityNoncurrent | 7,815,000 | 2025-12-31 | 14 | CNY |
ImpairmentOfLongLivedAssetsHeldForUse | 7,807,000 | 2025-12-31 | 29 | CNY |
DebtConversionConvertedInstrumentAmount1 | 7,634,000 | 2025-12-31 | 3 | USD |
LitigationReserve | 7,500,000 | 2021-12-31 | 1 | USD |
NotesAndLoansReceivableNetNoncurrent | 7,306,000 | 2025-12-31 | 1 | CNY |
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends | 7,300,000 | 2025-12-31 | 13 | CNY |
AssetImpairmentCharges | 7,196,318 | 2021-06-30 | 2 | USD |
PaymentsForAdvanceToAffiliate | 7,132,000 | 2025-12-31 | 1 | CNY |
AccountsPayableAndOtherAccruedLiabilitiesCurrent | 7,123,000 | 2025-12-31 | 5 | USD |
IncreaseDecreaseInAccountsPayableTrade | 6,951,000 | 2025-12-31 | 23 | CNY |
ConvertibleNotesPayableCurrent | 6,886,000 | 2025-12-31 | 9 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | 6,804,000 | 2025-12-31 | 8 | USD |
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty | 6,800,000 | 2014-12-31 | 3 | CNY |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 6,773,963 | 2017-12-31 | 4 | USD |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | 6,705,000 | 2025-12-31 | 15 | USD |
AllowanceForDoubtfulAccountsReceivableCurrent | 6,619,312 | 2020-12-31 | 6 | USD |
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | 6,577,000 | 2025-12-31 | 10 | USD |
CommonStockValue | 6,502,658 | 2018-12-31 | 17 | CNY |
NetIncomeLossAttributableToNoncontrollingInterest | -6,470,000 | 2025-12-31 | 33 | CNY |
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest | -6,470,000 | 2025-12-31 | 23 | CNY |
IncomeTaxReconciliationChangeInEnactedTaxRate | -6,458,000 | 2025-12-31 | 1 | CNY |
ProceedsFromRepaymentsOfRelatedPartyDebt | -6,378,690 | 2021-12-31 | 3 | CNY |
DueToRelatedPartiesCurrentAndNoncurrent | 6,300,000 | 2014-12-31 | 3 | CNY |
ProceedsFromSaleOfAvailableForSaleSecurities | 6,274,326 | 2014-12-31 | 9 | CNY |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1 | 6,268,900 | 2013-12-31 | 1 | CNY |
PropertyPlantAndEquipmentNet | 6,232,000 | 2025-12-31 | 19 | USD |
OperatingLeasesFutureMinimumPaymentsDueInFiveYears | 6,223,747 | 2014-12-31 | 1 | CNY |
IncreaseDecreaseInIntangibleAssetsCurrent | 6,198,957 | 2022-12-31 | 3 | USD |
BusinessAcquisitionPurchasePriceAllocationDeferredTaxLiabilitiesNoncurrent | 5,981,135 | 2010-04-06 | 1 | CNY |
EquityMethodInvestmentOtherThanTemporaryImpairment | 5,953,000 | 2025-12-31 | 8 | USD |
ContractWithCustomerRefundLiabilityCurrent | 5,924,000 | 2025-12-31 | 16 | CNY |
EmployeeRelatedLiabilitiesCurrent | 5,826,000 | 2025-12-31 | 24 | CNY |
CustomerAdvancesCurrent | 5,764,228 | 2018-12-31 | 8 | USD |
AllowanceForDoubtfulOtherReceivablesCurrent | 5,700,000 | 2025-12-31 | 1 | USD |
DeferredTaxLiabilitiesNoncurrent | 5,690,705 | 2015-12-31 | 11 | CNY |
ValuationAllowanceDeferredTaxAssetChangeInAmount | -5,530,000 | 2025-12-31 | 15 | USD |
AccountsPayableCurrent | 5,528,000 | 2024-12-31 | 30 | CNY |
ValueAddedTaxReceivableCurrent | 5,179,000 | 2025-12-31 | 19 | CNY |
CryptoAssetUnrealizedGainLossOperating | -5,173,000 | 2025-12-31 | 2 | USD |
AccruedProfessionalFeesCurrent | 5,139,000 | 2025-12-31 | 24 | CNY |
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost | 5,100,000 | 2017-12-31 | 5 | USD |
LeaseCost | 5,065,000 | 2025-12-31 | 16 | CNY |
LongTermLoansFromBank | 5,061,423 | 2016-12-31 | 2 | USD |
PaymentsToAcquireInterestInJointVenture | 5,010,342 | 2019-12-31 | 3 | USD |
MarketingExpense | 4,900,000 | 2025-12-31 | 1 | USD |
IncreaseDecreaseInPrepaidRoyalties | -4,878,579 | 2014-12-31 | 9 | CNY |
SellingAndMarketingExpense | 4,855,000 | 2025-12-31 | 16 | USD |
OperatingLeaseCost | 4,854,000 | 2025-12-31 | 16 | CNY |
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo | 4,670,000 | 2025-12-31 | 14 | CNY |
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities | 4,666,128 | 2019-12-31 | 13 | CNY |
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths | 4,659,000 | 2025-12-31 | 15 | CNY |
CashEquivalentsAtCarryingValue | 4,600,000 | 2020-12-31 | 18 | USD |
StockRepurchasedDuringPeriodValue | 4,600,000 | 2013-12-31 | 9 | USD |
LongTermDebtAndCapitalLeaseObligationsCurrent | 4,542,584 | 2019-12-31 | 3 | USD |
ProceedsFromIssuanceOfCommonStock | 4,505,000 | 2025-12-31 | 1 | USD |
OperatingLeaseExpense | 4,502,000 | 2025-12-31 | 23 | CNY |
EquityMethodInvestments | 4,500,000 | 2014-12-31 | 9 | CNY |
RevenueFromRelatedParties | 4,500,000 | 2013-12-31 | 3 | CNY |
InterestExpense | 4,419,663 | 2023-12-31 | 9 | USD |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease | -4,304,857 | 2011-12-31 | 3 | CNY |
OperatingLeaseLiabilityCurrent | 4,189,000 | 2025-12-31 | 15 | CNY |
AmortizationOfDebtDiscountPremium | 4,150,000 | 2024-12-31 | 11 | USD |
IncreaseDecreaseInOtherCurrentLiabilities | -4,129,872 | 2011-12-31 | 1 | USD |
RetainedEarningsAppropriated | 4,082,900 | 2018-12-31 | 8 | USD |
InterestPayableCurrent | 3,941,000 | 2025-12-31 | 18 | CNY |
PaymentsToAcquireOtherInvestments | 3,897,000 | 2024-12-31 | 7 | USD |
GainOrLossOnSaleOfStockInSubsidiary | -3,748,717 | 2022-12-31 | 24 | CNY |
PaymentsOfStockIssuanceCosts | 3,720,691 | 2021-12-31 | 7 | CNY |
AccountsReceivableNoncurrentNonaccrual | 3,710,000 | 2025-12-31 | 6 | CNY |
ImpairmentOfInvestments | 3,700,000 | 2021-12-31 | 9 | USD |
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment | 3,650,947 | 2010-04-06 | 1 | CNY |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | -3,619,871 | 2018-12-31 | 8 | USD |
PensionAndOtherPostretirementBenefitExpense | 3,600,000 | 2025-12-31 | 42 | CNY |
ProceedsFromBankDebt | 3,599,628 | 2016-12-31 | 2 | USD |
PrepaidExpenseAndOtherAssetsCurrent | 3,568,000 | 2024-12-31 | 18 | USD |
OperatingLeasesFutureMinimumPaymentsDue | 3,549,606 | 2016-12-31 | 5 | CNY |
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths | 3,468,000 | 2025-12-31 | 5 | CNY |
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour | 3,468,000 | 2025-12-31 | 5 | CNY |
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree | 3,468,000 | 2025-12-31 | 5 | CNY |
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo | 3,468,000 | 2025-12-31 | 5 | CNY |
InterestIncomeExpenseNet | 3,414,559 | 2014-12-31 | 12 | CNY |
ProceedsFromSaleOfOtherInvestments | 3,400,000 | 2025-12-31 | 19 | CNY |
PaymentsToAcquireShortTermInvestments | 3,360,000 | 2025-12-31 | 10 | CNY |
AccruedProfessionalFeesCurrentAndNoncurrent | 3,300,000 | 2023-11-30 | 1 | CNY |
OperatingLeasesFutureMinimumPaymentsDueCurrent | 3,276,215 | 2016-12-31 | 5 | CNY |
IncreaseDecreaseInContractWithCustomerLiability | -3,246,000 | 2025-12-31 | 23 | CNY |
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent | 3,206,952 | 2021-06-30 | 2 | CNY |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax | 3,100,000 | 2014-12-31 | 9 | CNY |
LesseeOperatingLeaseLiabilityPaymentsDueYearThree | 3,091,000 | 2025-12-31 | 11 | CNY |
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 | 3,089,066 | 2015-12-31 | 5 | USD |
DueToRelatedPartiesCurrent | 3,067,848 | 2022-12-31 | 11 | USD |
AccountsPayableAndAccruedLiabilitiesNoncurrent | 3,060,987 | 2014-12-31 | 4 | USD |
MinorityInterest | -3,009,000 | 2025-12-31 | 28 | USD |
LossContingencyDamagesSoughtValue | 3,000,000 | 2013-06-30 | 4 | CNY |
LossContingencyDamagesPaidValue | 3,000,000 | 2022-04-30 | 3 | USD |
ForeignCurrencyTransactionGainLossBeforeTax | 2,989,000 | 2025-12-31 | 28 | CNY |
ForeignCurrencyTransactionGainLossUnrealized | 2,989,000 | 2025-12-31 | 47 | CNY |
RepaymentsOfRelatedPartyDebt | 2,834,000 | 2024-12-31 | 28 | CNY |
GainLossOnDispositionOfOtherFinancialAssets | 2,818,643 | 2020-12-31 | 7 | CNY |
GainLossOnSaleOfOtherInvestments | 2,818,643 | 2020-12-31 | 10 | CNY |
AmortizationOfFinancingCosts | 2,606,000 | 2025-12-31 | 1 | CNY |
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed | 2,599,092 | 2010-04-06 | 1 | CNY |
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments | 2,500,000 | 2025-12-31 | 4 | CNY |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross | 2,500,000 | 2018-12-31 | 2 | shares |
LitigationReserveNoncurrent | 2,500,000 | 2022-12-31 | 1 | USD |
LossContingencyAccrualCarryingValueCurrent | 2,493,760 | 2022-12-31 | 2 | USD |
WarrantsAndRightsOutstanding | 2,400,000 | 2025-09-23 | 4 | USD |
CostOfRevenue | 2,390,457 | 2018-12-31 | 5 | USD |
ConvertibleDebtNoncurrent | 2,358,639 | 2023-12-31 | 3 | USD |
IncreaseDecreaseInCustomerAdvances | -2,336,252 | 2018-12-31 | 24 | CNY |
PaidInKindInterest | 2,324,000 | 2025-12-31 | 1 | USD |
RestructuringSettlementAndImpairmentProvisions | -2,316,333 | 2014-12-31 | 4 | USD |
FiniteLivedIntangibleAssetsNet | 2,259,000 | 2025-12-31 | 6 | USD |
OtherNonoperatingIncomeExpense | 2,204,000 | 2025-12-31 | 47 | CNY |
GainLossOnSaleOfInvestments | 2,200,000 | 2021-12-31 | 4 | USD |
LossContingencyDamagesAwardedValue | 2,200,000 | 2012-05-31 | 2 | CNY |
RepaymentsOfOtherDebt | 2,195,187 | 2023-12-31 | 14 | CNY |
DerivativeAssetsNoncurrent | 2,171,000 | 2024-12-31 | 1 | USD |
StockIssuedDuringPeriodValueStockOptionsExercised | 2,142,554 | 2016-12-31 | 18 | CNY |
NetIncomeLossAvailableToCommonStockholdersDiluted | -2,042,399 | 2021-12-31 | 4 | USD |
DeferredTaxAssetsEquityMethodInvestments | 2,008,000 | 2025-12-31 | 14 | USD |
LossContingencyEstimateOfPossibleLoss | 2,000,000 | 2011-12-31 | 1 | CNY |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber | 2,000,000 | 2018-12-31 | 4 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber | 2,000,000 | 2018-12-31 | 2 | shares |
GainContingencyUnrecordedAmount | 2,000,000 | 2025-12-31 | 2 | CAD |
BusinessAcquisitionPurchasePriceAllocationOtherAssets | 1,968,347 | 2010-04-06 | 1 | CNY |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax | -1,956,190 | 2023-12-31 | 6 | CNY |
CryptoAssetFairValueUnrestricted | 1,955,000 | 2025-12-31 | 2 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive | 1,929,000 | 2025-12-31 | 5 | CNY |
DerivativeLiabilitiesNoncurrent | 1,923,000 | 2024-12-31 | 2 | CNY |
LiabilitiesAssumed1 | 1,923,000 | 2024-12-31 | 1 | CNY |
PaymentsForLegalSettlements | 1,900,000 | 2012-12-31 | 3 | CNY |
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates | 1,880,010 | 2015-12-31 | 2 | USD |
DerivativeLiabilitiesCurrent | 1,854,957 | 2020-12-31 | 16 | CNY |
OtherAssetsCurrent | 1,848,614 | 2018-12-31 | 8 | CNY |
LesseeOperatingLeaseLiabilityPaymentsDue | 1,836,000 | 2025-12-31 | 8 | USD |
DeferredFinanceCostsCurrentNet | 1,831,300 | 2025-12-31 | 1 | USD |
DeferredFinanceCostsCurrentNet | 1,831,000 | 2025-12-31 | 7 | CNY |
GrossProfit | 1,809,000 | 2025-12-31 | 47 | CNY |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability | 1,798,000 | 2024-12-31 | 10 | CNY |
DueFromEmployeesCurrent | 1,785,204 | 2022-12-31 | 18 | CNY |
OperatingLeaseLiability | 1,717,000 | 2025-12-31 | 9 | USD |
AccumulatedOtherComprehensiveIncomeLossNetOfTax | -1,705,000 | 2025-12-31 | 16 | USD |
StockRepurchasedDuringPeriodShares | 1,700,000 | 2013-12-31 | 9 | shares |
OperatingLeaseRightOfUseAsset | 1,693,000 | 2025-12-31 | 8 | USD |
ContractWithCustomerLiabilityCurrent | 1,635,000 | 2025-12-31 | 5 | CNY |
AccruedMarketingCostsCurrent | 1,626,000 | 2025-12-31 | 6 | CNY |
GoodwillAcquiredDuringPeriod | 1,600,000 | 2010-12-31 | 3 | USD |
IncreaseDecreaseInAccountsReceivable | 1,569,000 | 2025-12-31 | 15 | USD |
What to be careful about
What this model itself distrusts about NCTY's figures. Written by the derivation as it ran, not added afterwards.
- revenue is annual, not TTM
- operating income is annual, not TTM
- no current capital expenditure tagged; treated as zero, so free cash flow is overstated and equals operating cash flow
- the market value here was 15.6B: 4.6B shares from the filing at the quoted price. The price feed reports 15.3M shares, and that count at this same price gives 52.2M, which is the value the feed itself reports. So the two counts are of different things — a depositary receipt against the ordinary shares behind it, or a count filed in thousands — and the count the price belongs to is used
- there is no operating profit to value; valuation rests on EV/revenue (3.3x) instead
- analyst estimate not used: trailing EPS is not positive, so a growth rate would be meaningless