Ninth City 2023 net income reached 179 million yuan, an increase of 66%

Internet company Ninth City (Nasdaq: NCTY) today announced the filing of its 20-F Annual Report to the U.S. SEC for the year ended December 31, 2023, which contains audited financial statements showing that Ninth City's net income in 2023 increased by 66% year-on-year, from RMB 108 million in 2022 to RMB 179 million (25 million USD) in 2023. Net income in 2023 was RMB 13 million (approximately USD 2 million), while net loss in 2022 was RMB 975 million.