The9 Ltd
F:FZKA
Income Statement
Earnings Waterfall
The9 Ltd
Income Statement
The9 Ltd
| Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Dec-2009 | Dec-2010 | Mar-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
23
|
41
|
31
|
15
|
34
|
|
| Revenue |
35
N/A
|
41
+17%
|
85
+109%
|
261
+208%
|
465
+78%
|
665
+43%
|
867
+30%
|
915
+6%
|
986
+8%
|
1 044
+6%
|
1 056
+1%
|
1 139
+8%
|
1 280
+12%
|
1 449
+13%
|
1 634
+13%
|
1 727
+6%
|
1 712
-1%
|
1 698
-1%
|
1 531
-10%
|
761
-50%
|
103
-86%
|
55
-47%
|
106
+95%
|
77
-28%
|
131
+72%
|
164
+25%
|
154
-6%
|
126
-19%
|
97
-23%
|
99
+2%
|
105
+6%
|
44
-58%
|
119
+169%
|
161
+35%
|
179
+11%
|
174
-3%
|
112
-36%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(9)
|
(15)
|
(38)
|
(128)
|
(240)
|
(350)
|
(458)
|
(491)
|
(524)
|
(547)
|
(569)
|
(627)
|
(700)
|
(806)
|
(891)
|
(935)
|
(998)
|
(1 125)
|
(1 108)
|
(713)
|
(103)
|
(25)
|
(39)
|
(30)
|
(46)
|
(64)
|
(69)
|
(74)
|
(81)
|
(106)
|
(108)
|
(55)
|
(185)
|
(203)
|
(213)
|
(193)
|
(113)
|
|
| Gross Profit |
26
N/A
|
26
+2%
|
47
+80%
|
134
+185%
|
225
+68%
|
315
+40%
|
409
+30%
|
424
+4%
|
462
+9%
|
497
+8%
|
488
-2%
|
512
+5%
|
580
+13%
|
643
+11%
|
743
+15%
|
791
+7%
|
714
-10%
|
573
-20%
|
424
-26%
|
48
-89%
|
(0)
N/A
|
29
N/A
|
67
+130%
|
46
-32%
|
85
+84%
|
100
+17%
|
85
-15%
|
52
-39%
|
16
-70%
|
(7)
N/A
|
(3)
+59%
|
(11)
-254%
|
(66)
-518%
|
(45)
+31%
|
(33)
+28%
|
(19)
+42%
|
(1)
+95%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(35)
|
(52)
|
(102)
|
(135)
|
(159)
|
(181)
|
(179)
|
(182)
|
(191)
|
(212)
|
(232)
|
(276)
|
(325)
|
(361)
|
(405)
|
(420)
|
(497)
|
(528)
|
(550)
|
(452)
|
(315)
|
(173)
|
(451)
|
(295)
|
(463)
|
(650)
|
(659)
|
(648)
|
(629)
|
(548)
|
(492)
|
(232)
|
(497)
|
(265)
|
(201)
|
(54)
|
(50)
|
|
| Selling, General & Administrative |
(26)
|
(37)
|
(66)
|
(100)
|
(119)
|
(140)
|
(151)
|
(148)
|
(160)
|
(180)
|
(198)
|
(242)
|
(284)
|
(317)
|
(338)
|
(340)
|
(423)
|
(440)
|
(447)
|
(338)
|
(176)
|
(99)
|
(265)
|
(157)
|
(247)
|
(349)
|
(357)
|
(344)
|
(344)
|
(308)
|
(279)
|
(231)
|
(495)
|
(262)
|
(181)
|
(127)
|
(116)
|
|
| Research & Development |
(9)
|
(16)
|
(36)
|
(35)
|
(41)
|
(41)
|
(29)
|
(33)
|
(31)
|
(31)
|
(34)
|
(34)
|
(41)
|
(44)
|
(49)
|
(62)
|
(74)
|
(88)
|
(103)
|
(114)
|
(139)
|
(74)
|
(212)
|
(138)
|
(216)
|
(301)
|
(302)
|
(286)
|
(267)
|
(240)
|
(213)
|
(1)
|
(2)
|
(3)
|
(2)
|
0
|
0
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(18)
|
0
|
(42)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
0
|
(19)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
73
|
108
|
|
| Operating Income |
(10)
N/A
|
(26)
-169%
|
(56)
-110%
|
(2)
+97%
|
65
N/A
|
134
+105%
|
230
+72%
|
243
+6%
|
271
+12%
|
285
+5%
|
256
-10%
|
236
-8%
|
255
+8%
|
282
+11%
|
337
+19%
|
372
+10%
|
217
-42%
|
46
-79%
|
(126)
N/A
|
(404)
-220%
|
(316)
+22%
|
(144)
+55%
|
(384)
-168%
|
(249)
+35%
|
(378)
-52%
|
(550)
-45%
|
(574)
-4%
|
(597)
-4%
|
(613)
-3%
|
(555)
+9%
|
(495)
+11%
|
(243)
+51%
|
(563)
-132%
|
(313)
+45%
|
(240)
+23%
|
(76)
+68%
|
(52)
+32%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
3
|
7
|
10
|
10
|
8
|
7
|
7
|
9
|
12
|
19
|
35
|
51
|
59
|
64
|
61
|
57
|
53
|
45
|
31
|
23
|
13
|
30
|
14
|
20
|
25
|
22
|
19
|
14
|
11
|
8
|
(15)
|
9
|
77
|
70
|
0
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(19)
|
(19)
|
0
|
0
|
(82)
|
(82)
|
(112)
|
(79)
|
(38)
|
(38)
|
0
|
0
|
(1)
|
(19)
|
(19)
|
0
|
0
|
(2)
|
(42)
|
(258)
|
(435)
|
(230)
|
(158)
|
16
|
(26)
|
|
| Total Other Income |
16
|
16
|
21
|
17
|
15
|
14
|
20
|
22
|
28
|
28
|
21
|
6
|
(30)
|
(54)
|
(62)
|
(35)
|
(19)
|
5
|
10
|
62
|
19
|
22
|
(1)
|
0
|
2
|
2
|
5
|
4
|
5
|
8
|
9
|
8
|
10
|
7
|
184
|
186
|
5
|
|
| Pre-Tax Income |
6
N/A
|
(8)
N/A
|
(28)
-260%
|
25
N/A
|
84
+235%
|
156
+86%
|
256
+64%
|
271
+6%
|
308
+14%
|
326
+6%
|
296
-9%
|
277
-6%
|
257
-8%
|
269
+5%
|
339
+26%
|
398
+17%
|
172
-57%
|
21
-88%
|
(184)
N/A
|
(391)
-113%
|
(311)
+20%
|
(147)
+53%
|
(354)
-142%
|
(235)
+34%
|
(357)
-52%
|
(542)
-52%
|
(566)
-4%
|
(574)
-1%
|
(594)
-3%
|
(539)
+9%
|
(519)
+4%
|
(507)
+2%
|
(980)
-93%
|
(458)
+53%
|
(144)
+69%
|
126
N/A
|
(73)
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(3)
|
(6)
|
(4)
|
(0)
|
(1)
|
3
|
2
|
3
|
(6)
|
(7)
|
(15)
|
(9)
|
(12)
|
(18)
|
(17)
|
(48)
|
(38)
|
(31)
|
6
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
1
|
(11)
|
(34)
|
22
|
84
|
155
|
259
|
273
|
310
|
320
|
289
|
262
|
247
|
258
|
321
|
381
|
124
|
(17)
|
(215)
|
(385)
|
(319)
|
(154)
|
(354)
|
(235)
|
(357)
|
(542)
|
(566)
|
(574)
|
(594)
|
(539)
|
(519)
|
(507)
|
(980)
|
(458)
|
(144)
|
126
|
(73)
|
|
| Income to Minority Interest |
7
|
9
|
9
|
(1)
|
(5)
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
3
|
6
|
5
|
19
|
11
|
29
|
16
|
23
|
44
|
46
|
50
|
52
|
39
|
37
|
3
|
5
|
5
|
7
|
6
|
0
|
|
| Equity Earnings Affiliates |
17
|
13
|
2
|
(8)
|
(7)
|
(5)
|
(1)
|
2
|
23
|
20
|
18
|
18
|
(6)
|
(4)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(3)
|
(4)
|
(3)
|
41
|
(19)
|
(21)
|
(23)
|
9
|
10
|
12
|
13
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
12
N/A
|
0
-98%
|
(28)
N/A
|
9
N/A
|
73
+753%
|
142
+96%
|
249
+76%
|
276
+11%
|
313
+13%
|
320
+2%
|
286
-11%
|
260
-9%
|
241
-7%
|
250
+4%
|
316
+26%
|
376
+19%
|
97
-74%
|
(40)
N/A
|
(235)
-493%
|
(405)
-73%
|
(500)
-23%
|
(342)
+32%
|
(284)
+17%
|
(237)
+16%
|
(355)
-50%
|
(524)
-47%
|
(514)
+2%
|
(517)
-1%
|
(567)
-10%
|
(519)
+8%
|
(526)
-1%
|
(580)
-10%
|
(975)
-68%
|
(665)
+32%
|
20
N/A
|
290
+1 351%
|
(73)
N/A
|
|
| EPS (Diluted) |
262.42
N/A
|
1.99
-99%
|
-278.99
N/A
|
85
N/A
|
725
+753%
|
1 418
+96%
|
2 490.99
+76%
|
2 756.99
+11%
|
3 125
+13%
|
3 198
+2%
|
2 860.99
-11%
|
2 600
-9%
|
2 409
-7%
|
2 504
+4%
|
3 156.99
+26%
|
3 758.99
+19%
|
967.99
-74%
|
-395.99
N/A
|
-2 347
-493%
|
-4 051.99
-73%
|
-4 996
-23%
|
-3 421
+32%
|
-2 843
+17%
|
-2 374
+16%
|
-3 553.99
-50%
|
-5 241
-47%
|
-5 140
+2%
|
-5 167
-1%
|
-5 665
-10%
|
-5 192.99
+8%
|
-5 262.99
-1%
|
-0.89
+100%
|
-1.35
-52%
|
-0.75
+44%
|
0.01
N/A
|
0.22
+2 100%
|
-0.05
N/A
|
|