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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Net revenues:        
Revenue ¥ 107,898,000 $ 15,429 ¥ 111,714,000 ¥ 174,045,000
Total net revenues 107,898,000 15,429 111,714,000 174,045,000
Cost of revenues:        
Total cost of revenues (106,089,000) (15,170) (113,318,000) (213,179,000)
Gross profit (loss) 1,809,000 259 (1,604,000) (39,134,000)
Operating income (expenses):        
Product development (9,798,000) (1,401) (856,000) (1,970,000)
Sales and marketing (33,951,000) (4,855) (246,000) (1,729,000)
General and administrative (205,816,000) (29,431) (157,832,000) (196,790,000)
Impairment on advance and other assets (7,807,000) (1,116) (794,000)  
Impairment on equipment 0   (6,505,000) (161,002,000)
Realized gain on exchange cryptocurrencies 10,627,000 1,520 60,783,000 42,836,000
Fair value change on cryptocurrencies (36,178,000) (5,173) 48,290,000 40,036,000
Total operating expenses (282,923,000) (40,456) (57,160,000) (278,619,000)
Loss from operations (281,114,000) (40,197) (58,764,000) (317,753,000)
Loss on disposal of subsidiaries (1,502,000) (215) (11,606,000) (282,000)
Impairment on equity investments (41,629,000) (6,000) 0 0
Impairment on other investments (64,960,000) (9,289)    
Changes in fair value on other investments (300,000) (40) (7,160,000) 3,490,000
Interest income 449,000 64    
Interest expense (23,264,000) (3,327) (34,224,000) (31,379,000)
Gain (loss) on fair value of derivative, option assets and liabilities (5,733,000) (820) 45,037,000 23,171,000
Gain on extinguishment of convertible notes 1,203,000 172    
Gain (loss) on disposal of equity investee and available-for-sale investments   0 (7,704) 1,666,000
Gain on disposal of other investment 3,400,000 486    
Foreign currency exchange gain (loss) 2,989,000 427 (713,000) (6,816,000)
Gain on extinguished liabilities of WoW       175,302,000
Other income (expenses), net 2,204,000 316 (5,082,000) 8,324,000
Loss from continuing operations before income tax expense and share of loss in equity method investments (408,235,000) (58,376) (72,520,000) (144,277,000)
Income tax expense (110,000) (16)    
Share of loss in equity method investments (600,000) (82) (1,122,000) 0
Loss from continuing operations (408,916,000) (58,474) (73,642,000) (144,277,000)
Discontinued operations:        
Loss from discontinued operations, net of tax       (1,956,000)
Gain on disposal of discontinued operations, net of tax       158,809,000
Gain from discontinued operations, net       156,853,000
Net income (loss) (408,916,000) (58,474) (73,642,000) 12,576,000
Net loss attributable to noncontrolling interest (6,470,000) (925) (218,000) (7,427,000)
Net income(loss) attributable to The9 Limited ordinary shareholders (402,446,000) (57,549) (73,424,000) 20,003,000
Other comprehensive income (loss), net of tax:        
Currency translation adjustments (34,000) (5) (148,000) 785,000
Total comprehensive income (loss) (408,950,000) (58,479) (73,790,000) 13,361,000
Comprehensive income (loss) attributable to:        
Noncontrolling interest (6,470,000) (925) (218,000) (7,427,000)
The9 Limited ¥ (402,480,000) $ (57,554) ¥ (73,572,000) ¥ 20,788,000
Net income (loss) per share attributable to The9 Limited ordinary shareholders:        
Continuing operations - Basic | (per share) ¥ (0.18) $ (0.03) ¥ (0.05) ¥ (0.14)
Continuing operations - Diluted | (per share) (0.18) (0.03) (0.05) (0.14)
Discontinued operations - Basic | ¥ / shares       0.16
Discontinued operations - Diluted | ¥ / shares       0.16
Total - Basic | (per share) (0.18) (0.03) (0.05) 0.02
Total - Diluted | (per share) ¥ (0.18) $ (0.03) ¥ (0.05) ¥ 0.02
Weighted average number of ordinary shares outstanding:        
Weighted average number of shares outstanding, Basic | shares 2,273,782 2,273,782 1,403,166 1,010,895
Weighted average number of shares outstanding, Diluted | shares 2,273,782 2,273,782 1,403,166 1,010,895
Third parties        
Operating income (expenses):        
Interest income ¥ 40,773,000   ¥ 39,577,000  
Cryptocurrency mining revenue        
Net revenues:        
Revenue 56,352,000 $ 8,058 110,739,000 ¥ 168,324,000
Cost of revenues:        
Total cost of revenues (67,960,000) (9,718) (106,464,000) (191,928,000)
Online game services and other revenues | Third parties        
Net revenues:        
Revenue 43,692,000 6,248 975,000 5,721,000
Cost of revenues:        
Total cost of revenues (31,208,000) (4,462) ¥ (6,854,000) ¥ (21,251,000)
Online game services and other revenues | Related party        
Net revenues:        
Revenue 7,854,000 1,123    
Cost of revenues:        
Total cost of revenues ¥ (6,921,000) $ (990)