The9 Ltd ADR (NCTY) - Net Assets
Based on the latest financial reports, The9 Ltd ADR (NCTY) has net assets worth $65.29 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($99.55 Million) and total liabilities ($34.26 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check The9 Ltd ADR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $65.29 Million |
| % of Total Assets | 65.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 161.64 |
The9 Ltd ADR - Net Assets Trend (2001–2024)
This chart illustrates how The9 Ltd ADR's net assets have evolved over time, based on quarterly financial data. Also explore NCTY total asset value for the complete picture of this company's asset base.
Annual Net Assets for The9 Ltd ADR (2001–2024)
The table below shows the annual net assets of The9 Ltd ADR from 2001 to 2024. For live valuation and market cap data, see market value of The9 Ltd ADR.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $427.51 Million | +135.75% |
| 2023-12-31 | $181.34 Million | +558.49% |
| 2022-12-31 | $27.54 Million | -96.39% |
| 2021-12-31 | $763.46 Million | +214.39% |
| 2020-12-31 | $-667.44 Million | +45.82% |
| 2019-12-31 | $-1.23 Billion | -13.56% |
| 2018-12-31 | $-1.08 Billion | -35.20% |
| 2017-12-31 | $-802.35 Million | -76.23% |
| 2016-12-31 | $-455.28 Million | -628.79% |
| 2015-12-31 | $-62.47 Million | -131.81% |
| 2014-12-31 | $196.39 Million | +3.29% |
| 2013-12-31 | $190.13 Million | -74.62% |
| 2012-12-31 | $749.21 Million | -40.15% |
| 2011-12-31 | $1.25 Billion | -18.46% |
| 2010-12-31 | $1.54 Billion | -23.75% |
| 2009-12-31 | $2.01 Billion | -25.96% |
| 2008-12-31 | $2.72 Billion | -3.23% |
| 2007-12-31 | $2.81 Billion | +110.49% |
| 2006-12-31 | $1.34 Billion | +41.67% |
| 2005-12-31 | $942.37 Million | +7.39% |
| 2004-12-31 | $877.51 Million | +7034.61% |
| 2003-12-31 | $-12.65 Million | +78.35% |
| 2002-12-31 | $-58.46 Million | -93.94% |
| 2001-12-31 | $-30.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The9 Ltd ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 439919154583.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $365.61 Million | 82.85% |
| Other Comprehensive Income | $-4.56 Million | -1.03% |
| Other Components | $4.51 Billion | 1022.11% |
| Total Equity | $441.29 Million | 100.00% |
The9 Ltd ADR Competitors by Market Cap
The table below lists competitors of The9 Ltd ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GTPL Hathway Limited
NSE:GTPL
|
$82.04 Million |
|
Anfield Resources Inc
V:AEC
|
$82.04 Million |
|
Cloud Technologies S.A
WAR:CLD
|
$82.07 Million |
|
ZUE SA
WAR:ZUE
|
$82.08 Million |
|
Ten Ren Tea Co Ltd
TW:1233
|
$82.02 Million |
|
Radhika Jeweltech Limited
NSE:RADHIKAJWE
|
$82.02 Million |
|
IMI PLC
LSE:IMI
|
$81.97 Million |
|
Pieridae Energy Ltd
TO:PEA
|
$81.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The9 Ltd ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 206,273,154 to 441,287,000, a change of 235,013,846 (113.9%).
- Net loss of 73,424,000 reduced equity.
- New share issuances of 18,882,000 increased equity.
- Other comprehensive income decreased equity by 147,351.
- Other factors increased equity by 289,703,197.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-73.42 Million | -16.64% |
| Share Issuances | $18.88 Million | +4.28% |
| Other Comprehensive Income | $-147.35K | -0.03% |
| Other Changes | $289.70 Million | +65.65% |
| Total Change | $- | 113.93% |
Book Value vs Market Value Analysis
This analysis compares The9 Ltd ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.06x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-1833.02 | $5.50 | x |
| 2002-12-31 | $-3554.92 | $5.50 | x |
| 2003-12-31 | $-441.52 | $5.50 | x |
| 2004-12-31 | $18148.86 | $5.50 | x |
| 2005-12-31 | $22795.59 | $5.50 | x |
| 2006-12-31 | $32609.39 | $5.50 | x |
| 2007-12-31 | $61010.03 | $5.50 | x |
| 2008-12-31 | $431.60 | $5.50 | x |
| 2009-12-31 | $47482.91 | $5.50 | x |
| 2010-12-31 | $36578.23 | $5.50 | x |
| 2011-12-31 | $607.11 | $5.50 | x |
| 2012-12-31 | $19242.19 | $5.50 | x |
| 2013-12-31 | $3375.03 | $5.50 | x |
| 2014-12-31 | $1269.51 | $5.50 | x |
| 2015-12-31 | $-254.82 | $5.50 | x |
| 2016-12-31 | $-426.76 | $5.50 | x |
| 2017-12-31 | $-4252.32 | $5.50 | x |
| 2018-12-31 | $-3436.97 | $5.50 | x |
| 2019-12-31 | $-2365.56 | $5.50 | x |
| 2020-12-31 | $-527.60 | $5.50 | x |
| 2021-12-31 | $470.30 | $5.50 | x |
| 2022-12-31 | $18.87 | $5.50 | x |
| 2023-12-31 | $41.88 | $5.50 | x |
| 2024-12-31 | $94.35 | $5.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The9 Ltd ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -65.72%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.44x
- Recent ROE (-16.64%) is above the historical average (-105.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -289.48% | 0.23x | 0.00x | $-12.99 Million |
| 2002 | 0.00% | -802.98% | 0.16x | 0.00x | $-20.49 Million |
| 2003 | 0.00% | 280.72% | 0.11x | 0.00x | $49.74 Million |
| 2004 | 2.83% | 66.82% | 0.04x | 1.19x | $-62.05 Million |
| 2005 | 7.69% | 15.58% | 0.38x | 1.29x | $-21.74 Million |
| 2006 | 23.39% | 31.70% | 0.61x | 1.22x | $178.71 Million |
| 2007 | 8.58% | 18.83% | 0.39x | 1.16x | $-39.77 Million |
| 2008 | 24.30% | 5.66% | 0.52x | 8.19x | $56.98 Million |
| 2009 | 17.32% | 20.39% | 0.73x | 1.16x | $147.21 Million |
| 2010 | -32.63% | -485.83% | 0.06x | 1.21x | $-652.73 Million |
| 2011 | -22.52% | -267.29% | 0.07x | 1.29x | $-410.61 Million |
| 2012 | -65.44% | -332.83% | 0.14x | 1.42x | $-592.55 Million |
| 2013 | -201.85% | -502.27% | 0.19x | 2.10x | $-552.33 Million |
| 2014 | -88.37% | -134.76% | 0.12x | 5.28x | $-96.43 Million |
| 2015 | 0.00% | -656.80% | 0.09x | 0.00x | $-285.09 Million |
| 2016 | 0.00% | -1056.56% | 0.16x | 0.00x | $-559.82 Million |
| 2017 | 0.00% | -161.54% | 0.23x | 0.00x | $-70.79 Million |
| 2018 | 0.00% | -1245.38% | 0.11x | 0.00x | $-145.93 Million |
| 2019 | 0.00% | -57444.10% | 0.00x | 0.00x | $-112.26 Million |
| 2020 | 0.00% | 63611.67% | 0.01x | 0.00x | $426.66 Million |
| 2021 | -52.96% | -302.66% | 0.10x | 1.69x | $-488.88 Million |
| 2022 | -2151.57% | -929.07% | 0.18x | 13.22x | $-979.39 Million |
| 2023 | 9.70% | 11.17% | 0.49x | 1.76x | $-623.70K |
| 2024 | -16.64% | -65.72% | 0.18x | 1.44x | $-117.55 Million |
Industry Comparison
This section compares The9 Ltd ADR's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $-508,701,727
- Average return on equity (ROE) among peers: -28.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The9 Ltd ADR (NCTY) | $65.29 Million | 0.00% | 0.52x | $82.02 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $395.54 Million |
| Abits Group Inc. (ABTS) | $10.38 Million | -8.98% | 0.10x | $4.02 Million |
| Sphere 3D Corp (ANY) | $1.24 Million | -345.24% | 5.78x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-6.80 Billion | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $43.47 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $592.51 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.05 Billion |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $18.73 Million | 4.67% | 4.46x | $49.89 Million |
About The9 Ltd ADR
The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. The company provides IT with technical services for the operation of computer software and related businesses, including the provision of systematic solutions for the operation of internet websites, the rental of computer and internet facilities, daily maintenance of internet servers and da… Read more