The9 ltd (NCTY)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Revenues:
Online game services

10,999

6,994

6,252

8,931

15,714

25,262

17,325

Other revenues

252

1,111

942

1,518

1,898

993

543

Revenue, net, total

11,251

8,106

7,195

10,450

17,613

26,256

17,868

Sales taxes

9

12

30

90

305

1,468

967

Total net revenues

11,242

8,094

7,164

10,359

17,307

24,788

16,901

Cost of revenues

3,655

6,988

10,457

13,825

-

-

-

Cost of services

-

-

-

-

17,807

11,141

6,215

Gross (loss) profit

7,587

1,106

-3,293

-3,466

-500

13,646

10,686

Operating (expenses) income:
Product development

6,933

11,233

20,847

25,183

35,225

48,389

33,702

Sales and marketing

1,397

3,065

4,892

8,341

19,272

30,017

14,378

General and administrative

16,726

18,586

20,341

17,915

26,753

27,348

27,751

Impairment loss on goodwill

-

1,521

-

-

-

-

-

Provision for long-term receivables and prepayments

-

-

1,302

-

-

-

-

Impairment on intangible assets

-

9,794

-

-

-

-

-

Impairment on equipment, intangible assets, other assets and allowance(reversal of allowance) of long-term receivable

-

-

-

-2,316

5,858

91

0

Loss on termination of R&D VIE arrangements

-

-

-

0

0

2,904

-

Gain on disposal of subsidiaries

-

-

515

26,656

-

-

-

Total operating expenses

25,056

44,201

46,868

22,467

87,110

108,750

75,832

Other operating (expenses) income

53

519

-241

-

-

-

-

Other operating income

-

-

-

12

19

19

4,129

Loss from operations

-17,415

-42,576

-50,402

-25,921

-87,590

-95,085

-61,016

Impairment on available-for-sale investment

-

35,258

-

0

1,035

-

-

Impairment on other investment

1,400

404

-

-

-

-

-

Impairment on investments

-

-

-

0

6,888

520

0

Interest income

4

23

119

-

-

-

-

Interest expense

12,898

8,133

987

-

-

-

-

Fair value change on warrants liability

-1,938

-6,921

1,100

-

-

-

-

Loss before gain on investment disposal, impairment loss on investments and share of loss in equity investments

-

-

-

-25,526

-85,706

-90,842

-56,287

(Loss) gain on disposal of equity investee and available-for-sale investment

17

-175

-

5,343

0

2,524

7,059

Foreign exchange (loss) gain

2,952

-

-

-

-

-

-

Investment income from cost method investment

-

-

-

184

-

-

-

Interest income, net

-

-

-

550

1,383

3,496

4,832

Other income, net

717

-1,433

-295

-339

1,536

745

-103

Loss before income tax expense and share of loss in equity method investments

-26,083

-81,036

-52,667

-

-

-

-

Loss before income tax expense, gain on investment disposal, impairment loss on investments and share of loss in equity investments

-

-

-

-25,526

-85,706

-90,842

-56,287

Income tax benefit

-

-875

0

0

0

0

0

Recovery of equity investment in excess of cost

9,306

-

-

-

-

-

-

Share of loss in equity method investments

-451

-15,920

-2,008

-598

-392

-1,018

-530

Net loss

-17,228

-96,080

-54,676

-20,781

-92,987

-89,858

-49,758

Net (loss) gain attributable to noncontrolling interest

607

-8,437

-2,571

-3,456

-6,054

-7,355

-4,583

Net (loss) gain attributable to redeemable noncontrolling interest

325

-2,120

-5,047

3,364

-

-

-

Net loss attributable to The9 Limited

-18,161

-85,522

-47,057

-13,961

-

-

-

Change in redemption value of redeemable noncontrolling interest

8,780

11,938

12,319

-

-

-

-

Accretion on Redeemable noncontrolling interest

-

-

-

3,396

-

-

-

Net loss attributable to holders of ordinary shares

-26,941

-97,461

-59,377

-17,357

-86,932

-82,503

-45,175

Net loss

-17,228

-

-

-20,781

-92,987

-89,858

-49,758

Other comprehensive income (loss) :
Unrealized loss on available-for-sale investment

-

-

-

0

-2

-9

-

Currency translation adjustments

-1,464

-252

773

-194

-113

-157

-

Transfer to earnings of other- than-temporary impairment loss on available-for-sale investments

-

-

-

-

-

-

0

Currency translation adjustments

-

-

-

-

-

-

-683

Total comprehensive loss

-18,692

-96,333

-53,902

-20,975

-93,103

-90,024

-50,442

Comprehensive (loss) gain attributable to:
Noncontrolling interest

2,068

-9,548

-2,610

-3,706

-5,795

-7,402

-4,652

Redeemable non-controlling interest

325

-2,120

-5,047

3,364

-

-

-

Comprehensive loss attributable to The9 Limited

-

-

-

-13,904

-

-

-

Accretion on redeemable noncontrolling interest

-

-

-

3,396

-

-

-

The9 Limited

-21,086

-84,664

-46,244

-17,301

-87,308

-82,622

-45,790

Net loss attributable to holders of ordinary shares per share:
- Basic and diluted

-0.81

-4.08

-2.56

-0.75

-3.75

-3.37

-1.81

Weighted average number of shares outstanding:
- Basic and diluted

33,426

23,874

23,235

23,164

23,174

24,494

-

- Basic and diluted

-

-

-

-

-

-

24,956