XML 23 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Revenues:        
Revenue ¥ 118,887,879 $ 17,237,122 ¥ 135,875,140 ¥ 625,488
Total net revenues 118,887,879 17,237,122 135,875,140 625,488
Total cost (184,623,615) (26,767,908) (88,034,503) (814,136)
Gross (loss) profit (65,735,736) (9,530,786) 47,840,637 (188,648)
Operating income (expenses):        
Product development (2,432,975) (352,748) (1,917,562) (2,438,095)
Sales and marketing (118,586,562) (17,193,435) (22,039,467) (646,492)
General and administrative (376,379,730) (54,569,931) (293,152,801) (108,747,919)
Impairment on advance and other assets (159,224,137) (23,085,330)   (20,371,500)
Impairment on cryptocurrency (58,624,256) (8,499,718) (50,887,472)  
Impairment on equipment (176,874,099) (25,600,000) (11,639,246) (6,515,200)
Impairment on other long-lived assets       (6,515,200)
Gain on disposal of subsidiaries (3,748,717) (543,513) 15,015,770 475,588,803
Total operating (expenses) income (895,870,476) (129,889,009) (364,620,778) 336,869,597
Other operating income, net       27,358
Income (loss) from operations (961,606,212) (139,419,795) (316,780,141) 336,708,307
Impairment on equity investments (17,300,000) (2,501,380) (7,599,505) (1,172,755)
(Impairment) gain on other investments (29,958,381) (4,343,557) 17,245,513 (18,000,000)
Realized gain on exchange cryptocurriencies 10,864,747 1,575,240    
Interest income       429,732
Interest expense (23,209,451) (3,365,054) (119,174,037) (4,070,179)
Fair value change on warrants liability       37,851
Gain from change in fair value of convertible feature derivative liability 37,249,976 5,400,739 62,246,860  
Gain on disposal of equity investee and available-for-sale investments 711,914 100,000 0 174,295
Gain on disposal of other investments       2,818,643
Gain on extinguishment of convertible notes       56,755,902
Gain on waiver of interest-free loan       35,397,500
Foreign exchange loss (6,301,271) (913,598) (6,449,136) (8,319,669)
Other income (expenses), net 10,008,938 1,451,160 (44,589,670) 2,005,143
Income(loss) before income tax expense and share of loss in equity method investments (979,492,255) (142,013,027) (415,100,116) 402,764,770
Income tax expense       (7,165,097)
Share of loss in equity method investments     (1,725,152) (2,165,935)
Net income (loss) (979,492,255) (142,013,027) (416,825,268) 393,433,738
Net loss attributable to noncontrolling interest (4,633,205) (671,752) (5,590,513) (3,259,528)
Net loss attributable to redeemable noncontrolling interest 0 0   (1,190,122)
Net income (loss) attributable to The9 Limited (974,859,050) (141,341,275) (411,234,755) 397,883,388
Change in redemption value of redeemable noncontrolling interest     349,046,548 (1,190,122)
Net income(loss) attributable to shareholders of ordinary shares (974,859,050) (141,341,275) (411,234,755) 396,693,266
Other comprehensive income (loss), net of tax:        
Currency translation adjustments 166,220 24,100 3,984,443 3,516,774
Total comprehensive income (loss) (979,326,035) (141,988,927) (412,840,825) 396,950,512
Comprehensive income (loss) attributable to:        
Noncontrolling interest (4,633,205) (671,752) (5,590,513) 13,157,497
Redeemable noncontrolling interest       (1,190,122)
The9 Limited ¥ (974,692,830) $ (141,317,175) ¥ (407,250,312) ¥ 384,983,137
Net income (loss) per share attributable to shareholders of ordinary shares:        
Earnings per share, Basic | (per share) ¥ (1.35) $ (0.20) ¥ (0.83) ¥ 2.42
Earnings per share, Diluted | (per share) ¥ (1.35) $ (0.20) ¥ (0.83) ¥ 2.42
Weighted average number of shares outstanding:        
Weighted average number of shares outstanding, Basic | shares 720,237,128 720,237,128 495,304,894 163,599,920
Weighted average number of shares outstanding, Diluted | shares 720,237,128 720,237,128 495,304,894 163,599,920
Cryptocurrency mining revenue        
Revenues:        
Revenue ¥ 101,782,024 $ 14,757,006 ¥ 134,122,954  
Total cost (142,212,740) (20,618,909) (83,449,749)  
Online game services and other revenues        
Revenues:        
Revenue 17,105,855 2,480,116 1,752,186 ¥ 625,488
Total cost ¥ (42,410,875) $ (6,148,999) ¥ (4,584,754) ¥ (814,136)