The 9th City's net income in 2023 reached RMB 179 million, a year-on-year increase of 66%.
Internet company Ninth City (Nasdaq: NCTY) announced today that it has submitted its 20-F annual report to the US SEC, which includes audited financial statements for Ninth City up to December 31, 2023. The report shows that Ninth City's net income in 2023 increased by 66% year-on-year, from RMB 108 million in 2022 to RMB 179 million in 2023 (USD 25 million). Net income in 2023 was RMB 13 million (approximately USD 2 million), while net loss in 2022 was RMB 975 million.
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