NASDAQ : JFU
9F Inc. — Financial statements
Technology · Information Technology Services · China
Last price 2.2915 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 26.98M
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Financial statements
9F Inc. (JFU) reported revenue of 289.88M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 289.88M | 289.88M | 309.97M | 412.45M | 561.67M | 660.31M |
| Other Revenue | 101.14M | |||||
| Revenue | 289.88M | 289.88M | 309.97M | 412.45M | 561.67M | 761.45M |
| Cost of Revenue | 85.06M | 85.06M | 107.85M | 115.18M | 115.44M | 106.18M |
| Gross Profit | 204.82M | 204.82M | 202.13M | 297.27M | 446.23M | 655.27M |
| Selling, General & Admin | 193.75M | 193.75M | 237.02M | 298.09M | 437.12M | 688.30M |
| Operating Expenses | 193.54M | 193.54M | 247.58M | 490.85M | 596.50M | 710.72M |
| Operating Income | 11.27M | 11.27M | -45.46M | -193.58M | -150.28M | -55.45M |
| Interest & Investment Income | 183.12M | 183.12M | 88.79M | 100.80M | 49.82M | 47.51M |
| Earnings From Equity Investments | -3.27M | -3.27M | 37.16M | 19.28M | 19.43M | -5.37M |
| Currency Exchange Gain (Loss) | -1.33M | -1.33M | 791.00K | -4.29M | -808.00K | |
| Other Non Operating Income (Expenses) | -2.35M | -2.35M | 1.84M | 222.00K | 12.80M | 2.35M |
| EBT Excluding Unusual Items | 187.45M | 187.45M | 83.12M | -77.56M | -69.03M | -10.95M |
| Impairment of Goodwill | -24.81M | -200.00K | ||||
| Gain (Loss) on Sale of Investments | 36.27M | 36.27M | 750.00K | -30.16M | -229.82M | -188.72M |
| Gain (Loss) on Sale of Assets | 754.00K | -75.00K | -9.27M | -4.90M | ||
| Asset Writedown | -20.49M | -2.37M | ||||
| Other Unusual Items | -275.00M | |||||
| Pretax Income | 223.72M | 223.72M | 64.14M | -132.60M | -583.31M | -206.94M |
| Income Tax Expense | 56.33M | 56.33M | 13.98M | 7.75M | 11.62M | 26.73M |
| Earnings From Continuing Operations | 167.39M | 167.39M | 50.16M | -140.35M | -594.94M | -233.67M |
| Minority Interest in Earnings | 812.00K | 812.00K | -173.00K | 159.00K | 196.00K | -1.24M |
| Net Income | 168.20M | 168.20M | 49.98M | -140.19M | -594.74M | -234.91M |
| Net Income to Common | 168.20M | 168.20M | 49.98M | -140.19M | -594.74M | -234.91M |
| Shares Outstanding (Basic) | 11.77M | 11.77M | 11.77M | 11.77M | 11.66M | 10.68M |
| Shares Outstanding (Diluted) | 11.80M | 11.80M | 11.80M | 11.77M | 11.66M | 10.68M |
| EPS (Basic) | 14.28 | 14.28 | 4.24 | -11.91 | -51.00 | -21.99 |
| EPS (Diluted) | 14.20 | 14.20 | 4.20 | -12.00 | -51.00 | -21.99 |
| Free Cash Flow | 205.00M | 205.00M | 45.35M | 40.80M | 36.09M | -237.46M |
| Free Cash Flow Per Share | 17.38 | 17.38 | 3.85 | 3.46 | 3.10 | -22.23 |
| Gross Margin | 70.66% | 70.66% | 65.21% | 72.07% | 79.45% | 86.06% |
| Operating Margin | 3.89% | 3.89% | -14.66% | -46.93% | -26.76% | -7.28% |
| Profit Margin | 58.02% | 58.02% | 16.12% | -33.99% | -105.89% | -30.85% |
| Free Cash Flow Margin | 70.72% | 70.72% | 14.63% | 9.89% | 6.43% | -31.19% |
| EBITDA | 25.88M | 25.88M | -32.24M | -175.99M | -129.28M | -23.91M |
| EBITDA Margin | 8.93% | 8.93% | -10.40% | -42.67% | -23.02% | -3.14% |
| D&A For EBITDA | 14.61M | 14.61M | 13.22M | 17.59M | 21.00M | 31.54M |
| EBIT | 11.27M | 11.27M | -45.46M | -193.58M | -150.28M | -55.45M |
| EBIT Margin | 3.89% | 3.89% | -14.66% | -46.93% | -26.76% | -7.28% |
| Effective Tax Rate | 25.18% | 25.18% | 21.80% | |||
| Revenue as Reported | 289.88M | 289.88M | 309.97M | 412.45M | 561.67M | 761.45M |
| Advertising Expenses | 19.00K | 495.00K |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 434.53M | 434.53M | 379.35M | 1.69B | 2.43B | 2.44B |
| Short-Term Investments | 2.85B | 2.85B | 2.22B | 774.60M | 433.24M | 321.33M |
| Cash & Short-Term Investments | 3.29B | 3.29B | 2.60B | 2.46B | 2.87B | 2.76B |
| Accounts Receivable | 87.39M | 87.39M | 83.06M | 38.04M | 92.23M | 83.82M |
| Other Receivables | 79.47M | 79.47M | 62.48M | 50.31M | 116.22M | 70.60M |
| Receivables | 166.86M | 166.86M | 152.51M | 101.78M | 354.63M | 456.40M |
| Inventory | 1.08M | 1.08M | 998.00K | 1.95M | ||
| Prepaid Expenses | 13.61M | 13.61M | 10.32M | 10.60M | 7.43M | 36.31M |
| Restricted Cash | 315.60M | 315.60M | 264.26M | 133.68M | 198.73M | 295.91M |
| Other Current Assets | 150.48M | 150.48M | 147.53M | 153.08M | 209.63M | 625.01M |
| Total Current Assets | 3.93B | 3.93B | 3.17B | 2.86B | 3.64B | 4.18B |
| Property, Plant & Equipment | 45.47M | 45.47M | 64.80M | 79.95M | 78.05M | 62.07M |
| Long-Term Investments | 315.60M | 315.60M | 879.60M | 1.07B | 530.21M | 727.43M |
| Goodwill | 24.73M | 22.12M | ||||
| Other Intangible Assets | 3.31M | 3.31M | 4.63M | 29.50M | 35.13M | 37.28M |
| Other Long-Term Assets | 286.00K | 286.00K | 253.00K | 329.00K | 5.55M | 22.35M |
| Total Assets | 4.30B | 4.30B | 4.12B | 4.04B | 4.31B | 5.05B |
| Accrued Expenses | 72.92M | 72.92M | 82.03M | 82.94M | 110.18M | 174.71M |
| Short-Term Debt | 22.75M | 22.75M | ||||
| Current Portion of Leases | 1.15M | 1.15M | ||||
| Current Income Taxes Payable | 297.59M | 297.59M | 307.17M | 297.74M | 304.00M | 281.30M |
| Other Current Liabilities | 113.78M | 113.78M | 60.91M | 54.45M | 155.91M | 307.08M |
| Total Current Liabilities | 508.18M | 508.18M | 450.11M | 435.13M | 570.09M | 763.09M |
| Long-Term Leases | 9.57M | 14.72M | 8.32M | 17.91M | ||
| Long-Term Unearned Revenue | 5.33M | 8.96M | 46.97M | |||
| Long-Term Deferred Tax Liabilities | 14.28M | 14.28M | 763.00K | 6.05M | 7.13M | 7.73M |
| Other Long-Term Liabilities | 4.62M | 4.62M | 6.02M | 5.50M | 5.14M | 23.97M |
| Total Liabilities | 527.09M | 527.09M | 466.47M | 466.73M | 599.63M | 859.66M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 5.71B | 5.71B | 5.71B | 5.71B | 5.79B | 5.78B |
| Retained Earnings | -2.14B | -2.14B | -2.31B | -2.36B | -2.22B | -1.59B |
| Comprehensive Income & Other | 141.70M | 141.70M | 199.86M | 165.01M | 90.99M | -55.11M |
| Total Common Equity | 3.71B | 3.71B | 3.60B | 3.52B | 3.66B | 4.13B |
| Minority Interest | 59.34M | 59.34M | 54.79M | 54.62M | 54.78M | 55.75M |
| Shareholders' Equity | 3.77B | 3.77B | 3.66B | 3.57B | 3.71B | 4.19B |
| Total Liabilities & Equity | 4.30B | 4.30B | 4.12B | 4.04B | 4.31B | 5.05B |
| Total Debt | 23.89M | 23.89M | 9.57M | 14.72M | 8.32M | 17.91M |
| Net Cash (Debt) | 3.26B | 3.26B | 2.59B | 2.45B | 2.86B | 2.75B |
| Net Cash Per Share | 276.53 | 276.53 | 219.46 | 207.75 | 245.11 | 257.15 |
| Filing Date Shares Outstanding | 11.77M | 11.77M | 11.77M | 11.77M | 11.77M | 11.57M |
| Total Common Shares Outstanding | 11.77M | 11.77M | 11.77M | 11.77M | 11.77M | 11.57M |
| Working Capital | 3.43B | 3.43B | 2.72B | 2.43B | 3.07B | 3.42B |
| Book Value Per Share | 315.28 | 315.28 | 305.93 | 298.80 | 310.55 | 357.44 |
| Tangible Book Value | 3.71B | 3.71B | 3.60B | 3.49B | 3.60B | 4.07B |
| Tangible Book Value Per Share | 315.00 | 315.00 | 305.53 | 296.30 | 305.46 | 352.30 |
| Buildings | 51.14M | 51.14M | 51.14M | 51.14M | 51.14M | 19.52M |
| Machinery | 57.67M | 57.67M | 70.80M | 72.22M | 74.30M | 68.74M |
| Leasehold Improvements | 4.23M | 4.23M | 6.04M | 9.01M | 9.34M | 28.38M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 168.20M | 168.20M | 49.98M | -140.19M | -594.74M | -234.91M |
| Depreciation & Amortization | 22.66M | 22.66M | 22.34M | 28.34M | 30.86M | 31.54M |
| Other Amortization | 275.00M | |||||
| Loss (Gain) From Sale of Assets | 170.00K | 170.00K | -1.17M | 75.00K | 9.27M | 4.97M |
| Asset Writedown & Restructuring Costs | 20.49M | 24.81M | 200.00K | 2.37M | ||
| Loss (Gain) From Sale of Investments | -36.27M | -36.27M | -340.00K | 31.21M | 229.82M | 188.72M |
| Loss (Gain) on Equity Investments | 3.27M | 3.27M | -37.16M | -19.28M | -19.43M | 7.17M |
| Stock-Based Compensation | 54.00K | 54.00K | -959.00K | -72.13M | 5.46M | 52.34M |
| Provision & Write-off of Bad Debts | -204.00K | -204.00K | 10.56M | 192.76M | 159.38M | 22.42M |
| Other Operating Activities | 8.56M | 8.56M | -18.29M | -19.12M | -3.03M | 3.04M |
| Change in Accounts Receivable | -3.63M | -3.63M | -33.77M | 52.79M | -8.99M | -32.98M |
| Change in Unearned Revenue | -5.33M | -3.63M | -38.02M | -35.67M | ||
| Change in Income Taxes | -9.58M | -9.58M | 9.43M | -12.96M | 22.70M | 26.05M |
| Change in Other Net Operating Assets | 54.43M | 54.43M | 30.70M | -16.11M | 12.43M | -263.23M |
| Operating Cash Flow | 207.66M | 207.66M | 46.49M | 46.55M | 80.90M | -229.72M |
| Capital Expenditures | -2.66M | -2.66M | -1.14M | -5.74M | -44.81M | -7.74M |
| Sale of Property, Plant & Equipment | 773.00K | 1.39M | 207.00K | |||
| Cash Acquisitions | -14.00K | -2.90M | -10.83M | |||
| Divestitures | 9.30M | 22.89M | ||||
| Investment in Securities | -74.26M | -74.26M | -1.30B | -873.43M | -196.82M | -284.10M |
| Other Investing Activities | 2.71M | 2.71M | -44.00K | -55.27M | -51.03M | -41.75M |
| Investing Cash Flow | -74.21M | -74.21M | -1.29B | -933.07M | -295.35M | -321.52M |
| Issuance of Common Stock | 199.63M | |||||
| Other Financing Activities | 5.56M | 5.56M | ||||
| Financing Cash Flow | 5.56M | 5.56M | 199.63M | |||
| Foreign Exchange Rate Adjustments | -32.50M | -32.50M | 69.13M | 74.53M | 107.12M | -26.68M |
| Miscellaneous Cash Flow Adjustments | 213.00K | |||||
| Net Cash Flow | 106.51M | 106.51M | -1.18B | -811.99M | -107.32M | -378.08M |
| Free Cash Flow | 205.00M | 205.00M | 45.35M | 40.80M | 36.09M | -237.46M |
| Free Cash Flow Margin | 70.72% | 70.72% | 14.63% | 9.89% | 6.43% | -31.19% |
| Free Cash Flow Per Share | 17.38 | 17.38 | 3.85 | 3.46 | 3.10 | -22.23 |
| Levered Free Cash Flow | -10.72M | -10.72M | -167.72M | 63.85M | 622.78M | -124.86M |
| Unlevered Free Cash Flow | -10.72M | -10.72M | -167.72M | 63.85M | 622.78M | -124.86M |
| Cash Income Tax Paid | 51.76M | 51.76M | 8.52M | 24.22M | 21.63M | 2.91M |
| Change in Working Capital | 41.22M | 41.22M | 1.03M | 20.08M | -11.87M | -307.38M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.98M | 75.23M | 17.78M | 40.38M | 40.64M | 369.97M |
| Enterprise Value | -439.41M | -312.31M | -329.60M | -346.31M | -367.31M | 31.42M |
| Last Close Price | 2.29 | 6.39 | 1.51 | 3.43 | 3.50 | 22.00 |
| PE Ratio | 1.13 | 3.13 | 2.60 | |||
| Forward PE | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | |
| PS Ratio | 0.65 | 1.81 | 0.42 | 0.69 | 0.50 | 3.09 |
| PB Ratio | 0.05 | 0.14 | 0.04 | 0.08 | 0.08 | 0.56 |
| P/TBV Ratio | 0.05 | 0.14 | 0.04 | 0.08 | 0.08 | 0.58 |
| P/FCF Ratio | 0.88 | 2.57 | 2.86 | 7.02 | 7.77 | |
| P/OCF Ratio | 0.86 | 2.53 | 2.79 | 6.15 | 3.46 | |
| EV/Sales Ratio | 0.26 | |||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 0.70 | 0.70 | 2.74 | |||
| Debt / FCF Ratio | 0.12 | 0.12 | 0.21 | 0.36 | 0.23 | |
| Net Debt / Equity Ratio | -0.86 | -0.86 | -0.71 | -0.69 | -0.77 | -0.66 |
| Net Debt / EBITDA Ratio | -126.03 | -126.03 | 80.30 | 13.90 | 22.11 | 114.87 |
| Net Debt / FCF Ratio | -15.91 | -15.91 | -57.08 | -59.95 | -79.19 | 11.57 |
| Asset Turnover | 0.07 | 0.07 | 0.08 | 0.10 | 0.12 | 0.15 |
| Inventory Turnover | 81.87 | 81.87 | 73.17 | |||
| Quick Ratio | 6.79 | 6.79 | 6.10 | 5.86 | 5.39 | 3.83 |
| Current Ratio | 7.74 | 7.74 | 7.05 | 6.58 | 6.38 | 5.48 |
| Return on Equity (ROE) | 4.51% | 4.51% | 1.39% | -3.85% | -15.06% | -5.56% |
| Return on Assets (ROA) | 0.17% | 0.17% | -0.70% | -2.90% | -2.01% | -0.66% |
| Return on Invested Capital (ROIC) | 1.66% | 1.07% | -3.24% | -19.56% | -13.09% | -4.04% |
| Return on Capital Employed (ROCE) | 0.30% | 0.30% | -1.20% | -5.40% | -4.00% | -1.30% |
| Earnings Yield | 88.60% | 31.96% | 38.52% | -48.96% | -212.18% | -9.99% |
| FCF Yield | 114.14% | 38.96% | 34.95% | 14.25% | 12.88% | -10.10% |
| Buyback Yield / Dilution | -0.01% | -0.01% | -0.17% | -0.98% | -9.16% | -7.57% |