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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 58,063,733 $ 8,418,450 ¥ 428,420,773
Short term investment     800,000
Accounts receivable, net of allowance for doubtful accounts of RMB552,542 and RMB 234,794 as of December 31, 2021 and 2022, respectively 151,432 21,956 3,682,282
Advances to suppliers 30,345 4,400 2,781,139
Prepayments and other current assets, net of allowance for doubtful accounts of RMB5,655,941 and RMB 2,777,903 as of December 31, 2021 and 2022, respectively 272,487,578 39,506,985 528,109,288
Amounts due from related parties 599,574 86,930 599,574
Cryptocurrencies 66,341,653 9,618,636 86,118,349
Total current assets 397,674,315 57,657,357 1,050,511,405
Investments 35,297,395 5,117,641 73,915,119
Property, equipment and software, net 142,847,637 20,710,961 172,980,284
Operating lease right-of-use assets, net 12,061,697 1,748,782 6,363,724
Other long-lived assets, net 11,225,639 1,627,563 6,547,843
TOTAL ASSETS 599,106,683 86,862,304 1,310,318,375
Current liabilities:      
Accounts payable (including accounts payable of the consolidated VIE without recourse to the Group of RMB9,186,474 and RMB5,185,040 as of December 31, 2021 and 2022, respectively) 165,947,326 24,060,101 39,895,562
Other taxes payable (including other taxes payable of the consolidated VIE without recourse to the Group of RMB1,407,802 and RMB1,404,994 as of December 31, 2021 and 2022, respectively) 1,651,041 239,378 1,508,277
Advances from customers (including advances from customers of the consolidated VIE without recourse to the Group of RMB18,296,128 and RMB15,005,074 as of December 31, 2021 and 2022, respectively) 17,727,516 2,570,248 18,984,340
Amounts due to related parties (including amounts due to related parties of the consolidated VIE without recourse to the Group of RMB46,608,736 and RMB45,408,736as of December 31, 2021 and 2022, respectively) 21,159,559 3,067,848 23,790,959
Refund of game points (including refund of game points of the consolidated VIE without recourse to the Group of RMB169,998,682 as of both December 31, 2021 and 2022) 169,998,682 24,647,492 169,998,682
Convertible notes (including convertible notes of cnsolidated VIE without recourse to the Group of nil as of both December 31, 2021 and 2022) 60,984,058 8,841,857 92,848,377
Conversion feature derivative liability 51,775,453 7,506,735 51,825,629
Interest payable (including interest payable of consolidated VIE without recourse to the Group of nil as of both December 31, 2021 and 2022) 2,130,283 308,862 937,328
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIE without recourse to the Group of RMB35,719,940 and RMB35,450,947 as of December 31, 2021 and 2022, respectively) 66,973,577 9,710,256 140,199,581
Current portion of operating lease liabilities of the consolidated VIE without recourse to the Group (including operating lease liabilities of consolidated VIE without recourse to the Group of RMB574,607 and RMB485,665 as of December 31, 2021 and 2022, respectively) 5,792,931 839,896 4,306,738
Contract liabilities 22,099 3,204  
Total current liabilities 564,162,525 81,795,877 544,295,473
Non-current portion of operating lease liabilities of the consolidated VIE without recourse to the Group (including operating lease liabilities of consolidated VIE without recourse to the Group of RMB370,877 and nil as of December 31, 2021 and 2022, respectively) 7,405,805 1,073,741 2,567,342
TOTAL LIABILITIES 571,568,330 82,869,618 546,862,815
Commitments and contingencies (Note 25)
Redeemable noncontrolling interest (Note 23) 0 0 0
EQUITY      
Additional paid-in capital 4,371,228,191 633,768,513 4,139,122,755
Statutory reserves 7,326,560 1,062,251 7,326,560
Accumulated other comprehensive loss (12,527,540) (1,816,323) (12,693,760)
Accumulated deficit (4,378,321,226) (634,796,906) (3,403,462,176)
The9 Limited shareholders' equity 45,309,203 6,569,217 776,470,952
Noncontrolling interest (17,770,850) (2,576,531) (13,015,392)
Total equity 27,538,353 3,992,686 763,455,560
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY 599,106,683 86,862,304 1,310,318,375
Class A ordinary shares      
EQUITY      
Ordinary shares 56,659,429 8,214,845 45,233,784
Class B ordinary shares      
EQUITY      
Ordinary shares ¥ 943,789 $ 136,837 ¥ 943,789