Welcome to our dedicated page for 9F SEC filings (Ticker: JFU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
9f inc., together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the people's republic of china. its products include digital financial accounts that offer online lending, online wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, and mutual funds to investors in various platforms, including wukong licai, 9f wallet, and 9f puhui. the company also provides payment facilitation and other products and services that help users to pay credit card bills and household bills, such as utility bills; and other value-added services, including credit history search, debt consolidation, and user referral services. it has partnerships with borrowers, investors, financial institutions, and merchant9F Inc. reported unaudited first half 2025 results, highlighted by net income of RMB218.5 million, up from RMB12.5 million a year ago. Management noted an ongoing transition under new internet loan facilitation rules, which is expected to reduce technology-based businesses and drive a focus on efficiency, cost control, and new opportunities.
Total net revenues were RMB152.1 million, modestly higher year over year. Sales income rose to RMB75.9 million (up 69.5%) on product mix adjustments, while technical services fell to RMB61.0 million (down 22.3%) and wealth management to RMB15.3 million (down 21.7%).
Total operating expenses and fees decreased 41.8% to RMB124.0 million, with notable declines in origination and servicing and general and administrative costs, and a small reversal of credit losses. Interest income and realized gains reached RMB56.5 million, and unrealized gains on marketable securities were RMB133.7 million. Adjusted net income was RMB105.1 million. Cash and cash equivalents and term deposits were RMB443.6 million as of June 30, 2025.
9F Inc. presents consolidated U.S. GAAP financials and consolidates PRC VIEs via contractual arrangements. As of December 31, 2024 the company had 235,466,660 ordinary shares outstanding (174,304,260 Class A; 61,162,400 Class B) and used an exchange rate of RMB7.2993 per US$1.
The company returned to profitability with net income of RMB50.2 million (US$6.9 million) in 2024 after prior-year losses and reported operating cash flow of RMB46.5 million (US$6.4 million) in 2024. Material legal and regulatory exposures are disclosed: a contract claim against PICC seeking approximately RMB2.3 billion, judicial freezing orders on assets of about RMB326 million as of May 20, 2025, reliance on VIE contractual arrangements that could be unenforceable under changing PRC law, and potential CSRC filing, cybersecurity review and HFCAA inspection risks that could affect its overseas listing and operations.
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