The9 Reports 2009 Net Loss of RMB 405 Mln
SEC, 4/20/10
Chinese online game developer and operator The9 (Nasdaq: NCTY) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2009 with the US Securities and Exchange Commission, with net revenues falling 55.6% to RMB 760.52 mln (USD 111.42 mln).
Net loss for the year was RMB 405.15 mln (USD 59.36 mln), compared to net income of RMB 96.84 mln in 2008.
The9's agreement with US-based game developer Blizzard Entertainment to operate World of Warcraft in Mainland China, which expired on June 7, 2009, accounted for 88% of total revenues in 2009.
As of December 31, 2009, The9 owned or had obtained licenses to operate the following games in mainland China:
| Game | Developer/Licensor | Description | Status |
|---|---|---|---|
| SUN | Webzen | 3D MMORPG | Launched May 2007 |
| GE | Hanbitsoft, IMC Games | 3D MMORPG | Launched November 2007 |
| Jiu Zhou Zhan Ji (9zwar) | The9 | Web game | Launched April 2009 |
| FIFA Online 2 | EA Sports | Casual soccer game | Launched May 2009 |
| Atlantica | Ndoors | 3D MMORPG | Launched June 2009 |
| World of Fighter | The9 | 2D MMORPG | Launched January 2010 |
| Audition 2 | G10 | Casual dancing game | Preparing for beta testing |
| Kingdom Heroes 2 Online | UserJoy | 3D MMORPG | In closed beta testing |
| Shen Xian Zhuan | Firerain | 2.5D MMORPG | Preparing for beta testing |
| Miracles: Ultimate X (MUX) | The9 | 3D MMORPG | In development |
| Tiny Tribe | The9 | Casual game | In development |
For the full annual report on Form 20-F, please click here.
Keywords: The9 2009 Internet loss NCTY profit online gaming WoW revenue fiscal report
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