The9 Ltd (NCTY): R&D Expense

Annual figures by period end, from SEC filings.

9.80M CNY
Year ended 2025-12-31
+59.1%
3-year compound annual growth
+32.1%
5-year compound annual growth
-23.1%
10-year compound annual growth
301.47M CNY2009-12-31: 114.44M CNY2010-12-31: 139.43M CNY2011-12-31: 212.12M CNY2012-12-31: 301.47M CNY2013-12-31: 213.24M CNY2014-12-31: 156.25M CNY2015-12-31: 135.04M CNY2016-12-31: 77.99M CNY2017-12-31: 45.11M CNY2018-12-31: 24.56M CNY2019-12-31: 13.09M CNY2020-12-31: 2.44M CNY2021-12-31: 1.92M CNY2022-12-31: 2.43M CNY2023-12-31: 1.97M CNY2024-12-31: 856.0K CNY2025-12-31: 9.80M CNY9.80M CNY
2009-12-31 R&D Expense (CNY) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-319.80M CNYn/m2026-04-16, From 2025-01-01
2024-12-31856.0K CNY-56.5%2026-04-16, From 2024-01-01
2023-12-311.97M CNY-19.0%2026-04-16, From 2023-01-01
2022-12-312.43M CNY+26.9%2025-04-28, From 2022-01-01
2021-12-311.92M CNY-21.3%2024-04-15, From 2021-01-01
2020-12-312.44M CNY-81.4%2023-05-01, From 2020-01-01
2019-12-3113.09M CNY-46.7%2022-05-02, From 2019-01-01
2018-12-3124.56M CNY-45.6%2021-03-30, From 2018-01-01
2017-12-3145.11M CNY-42.2%2020-04-30, From 2017-01-01
2016-12-3177.99M CNY-42.2%2019-04-29, From 2016-01-01
2015-12-31135.04M CNY-13.6%2018-04-27, From 2015-01-01
2014-12-31156.25M CNY-26.7%2017-04-07, From 2014-01-01
2013-12-31213.24M CNY-29.3%2016-04-11, From 2013-01-01
2012-12-31301.47M CNY+42.1%2015-03-27, From 2012-01-01
2011-12-31212.12M CNY+52.1%2014-03-27, From 2011-01-01
2010-12-31139.43M CNY+21.8%2013-04-18, From 2010-01-01
2009-12-31114.44M CNYn/a2012-03-22, From 2009-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Finance Services), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
The9 Ltd (NCTY)2025-12-319.80M CNYn/m
Cango Inc. (CANG)2024-12-315.47M CNY-81.8%
Jiayin Group Inc. (JFIN)2025-12-31427.12M CNY+14.7%
LexinFintech Holdings Ltd. (LX)2025-12-31595.32M CNY+3.0%
High Templar Tech Ltd (HTT)2025-12-3145.73M CNY-21.8%
CNFinance Holdings Ltd. (CNF)2025-12-313.79M CNY+275.2%

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