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9F Inc.

JFU Clue Score67
Cayman Islands Fiscal year ends December CIK 0001619544
$2.76 +0.36% Close, 12 Oct 2026
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Price $2.76 +69.33% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 15 Aug 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue6,741.8Net income597.7EPS, diluted2.93Fiscal year 2018Revenue5,556.5 −17.6%Net income1,981.8 +231.6%EPS, diluted9.41 +221.2%Fiscal year 2019Revenue4,425.0 −20.4%Net income−2,159.6 −209.0%EPS, diluted−12.43 −232.1%Fiscal year 2020Revenue1,256.0 −71.6%Operating income−1,282.2Net income−2,258.9EPS, diluted−11.37Fiscal year 2021Revenue761.5 −39.4%Operating income−55.5Net income−234.9EPS, diluted−1.10Fiscal year 2022Revenue561.7 −26.2%Operating income−150.3Net income−594.7EPS, diluted−2.55Fiscal year 2023Revenue142.6 −74.6%Operating income−193.6Net income−140.2EPS, diluted−0.60Fiscal year 2024Revenue125.0 −12.4%Operating income−45.5Net income50.0EPS, diluted0.21Fiscal year 2025Revenue134.3 +7.5%Operating income11.3Net income168.2 +236.5%EPS, diluted0.71 +238.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6,741.8 5,556.5 4,425.0 1,256.0 761.5 561.7 142.6 125.0 134.3
Growth −17.6% −20.4% −71.6% −39.4% −26.2% −74.6% −12.4% +7.5%
Operating income n/a n/a n/a −1,282.2 −55.5 −150.3 −193.6 −45.5 11.3
Net income 597.7 1,981.8 −2,159.6 −2,258.9 −234.9 −594.7 −140.2 50.0 168.2
Growth +231.6% −209.0% +236.5%
EPS, diluted 2.93 9.41 −12.43 −11.37 −1.10 −2.55 −0.60 0.21 0.71
Growth +221.2% −232.1% +238.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Net margin8.9%Free cash flow margin41.8%Fiscal year 2018Net margin35.7%Free cash flow margin41.3%Fiscal year 2019Net margin−48.8%Free cash flow margin−11.0%Fiscal year 2020Gross margin0.2%Operating margin−102.1%Net margin−179.8%Fiscal year 2021Gross margin18.9%Operating margin−7.3%Net margin−30.9%Free cash flow margin−31.2%Fiscal year 2022Gross margin19.3%Operating margin−26.8%Net margin−105.9%Free cash flow margin6.4%Fiscal year 2023Gross margin56.8%Operating margin−135.7%Net margin−98.3%Free cash flow margin28.6%Fiscal year 2024Gross margin76.2%Operating margin−36.4%Net margin40.0%Free cash flow margin36.3%Fiscal year 2025Gross margin81.2%Operating margin8.4%Net margin125.2%Free cash flow margin152.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a 0.2% 18.9% 19.3% 56.8% 76.2% 81.2%
Operating margin n/a n/a n/a −102.1% −7.3% −26.8% −135.7% −36.4% 8.4%
Net margin 8.9% 35.7% −48.8% −179.8% −30.9% −105.9% −98.3% 40.0% 125.2%
Free cash flow margin 41.8% 41.3% −11.0% n/a −31.2% 6.4% 28.6% 36.3% 152.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow2,865.6Capital expenditure−47.7Free cash flow2,817.9Fiscal year 2018Operating cash flow2,345.9Capital expenditure−48.6Free cash flow2,297.3 −18.5%Fiscal year 2019Operating cash flow−429.0Capital expenditure−56.7Free cash flow−485.7 −121.1%Fiscal year 2020Operating cash flow−1,744.6Fiscal year 2021Operating cash flow−229.7Capital expenditure−7.7Free cash flow−237.5Fiscal year 2022Operating cash flow80.9Capital expenditure−44.8Free cash flow36.1Fiscal year 2023Operating cash flow46.5Capital expenditure−5.7Free cash flow40.8 +13.1%Fiscal year 2024Operating cash flow46.5Capital expenditure−1.1Free cash flow45.4 +11.1%Fiscal year 2025Operating cash flow207.7Capital expenditure−2.7Free cash flow205.0 +352.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2,865.6 2,345.9 −429.0 −1,744.6 −229.7 80.9 46.5 46.5 207.7
Capital expenditure −47.7 −48.6 −56.7 n/a −7.7 −44.8 −5.7 −1.1 −2.7
Free cash flow 2,817.9 2,297.3 −485.7 n/a −237.5 36.1 40.8 45.4 205.0
Growth −18.5% −121.1% +13.1% +11.1% +352.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash3,778.1Shareholders’ equity3,704.6Fiscal year 2018Cash5,469.1Shareholders’ equity6,244.5Fiscal year 2019Cash4,684.0Shareholders’ equity6,280.8Fiscal year 2020Cash2,726.7Shareholders’ equity4,168.6Fiscal year 2021Cash2,443.4Shareholders’ equity4,134.2Fiscal year 2022Cash2,433.3Shareholders’ equity3,656.2Fiscal year 2023Cash1,686.3Shareholders’ equity3,517.9Fiscal year 2024Cash379.4Shareholders’ equity3,601.8Fiscal year 2025Cash434.5Shareholders’ equity3,711.9
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3,778.1 5,469.1 4,684.0 2,726.7 2,443.4 2,433.3 1,686.3 379.4 434.5
Shareholders’ equity 3,704.6 6,244.5 6,280.8 4,168.6 4,134.2 3,656.2 3,517.9 3,601.8 3,711.9

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a 0.2% 18.9% 19.3% 56.8% 76.2% 81.2%
n/a n/a n/a −102.1% −7.3% −26.8% −135.7% −36.4% 8.4%
15.0% 43.5% −50.2% −134.7% −26.5% −107.3% −106.5% 21.6% 169.0%
8.9% 35.7% −48.8% −179.8% −30.9% −105.9% −98.3% 40.0% 125.2%
41.8% 41.3% −11.0% n/a −31.2% 6.4% 28.6% 36.3% 152.6%
Spending
45.6% 20.9% 26.1% 103.8% 68.7% 66.7% 189.5% 178.4% 135.0%
0.7% 0.9% 1.3% n/a 1.0% 8.0% 4.0% 0.9% 2.0%
34.8% 16.6% n/a n/a n/a n/a n/a 51.8% 24.8%
Returns
16.1% 31.7% −34.4% −54.2% −5.7% −16.3% −4.0% 1.4% 4.5%
n/a 21.8% −24.3% −41.9% −4.7% −13.8% −3.5% 1.2% 3.9%
Balance and payout
n/a 16.1% 28.7% 21.6% 17.0% 13.9% 11.6% 11.3% 12.3%

Shown in CNY as filed; the screener converts to dollars.