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.'s SEC filings document a foreign private issuer that files annual reports on Form 20-F and furnishes current reports on Form 6-K. The filings identify 9F as a digital technology service provider for institutional partners and include unaudited results, discussion of revenue mix, operating expenses, investment gains and adaptation to regulation affecting internet loan facilitation businesses.
The company's filings also record audit and governance matters, including changes in its independent registered public accounting firm, audit committee approvals, internal control over financial reporting disclosures and U.S. GAAP reporting issues. These documents describe the public-company framework for 9F's ADS-listed securities, financial reporting obligations and risk-related transition disclosures.
9F 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. reported a change in its independent auditor. The board of directors and audit committee approved the dismissal of Wei, Wei & Co., LLP as the company’s independent registered public accounting firm, effective September 16, 2025, and appointed Marcum Asia CPAs LLP as the new auditor for the fiscal year ending December 31, 2025.
The prior auditor’s reports on 9F’s consolidated financial statements for fiscal years ended 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications. The company states there were no disagreements with Wei, Wei & Co. on accounting principles, financial disclosure, or audit scope, and no reportable events other than previously identified material weaknesses in internal control over financial reporting, including limited U.S. GAAP and SEC reporting expertise, insufficient documentation for certain transactions and investment analyses, and inadequate policies for complex financial instruments.
9F Inc. reported a change in its independent auditor. The board of directors and audit committee approved the dismissal of Wei, Wei & Co., LLP as the company’s independent registered public accounting firm, effective September 16, 2025, and appointed Marcum Asia CPAs LLP as the new auditor for the fiscal year ending December 31, 2025.
The prior auditor’s reports on 9F’s consolidated financial statements for fiscal years ended 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications. The company states there were no disagreements with Wei, Wei & Co. on accounting principles, financial disclosure, or audit scope, and no reportable events other than previously identified material weaknesses in internal control over financial reporting, including limited U.S. GAAP and SEC reporting expertise, insufficient documentation for certain transactions and investment analyses, and inadequate policies for complex financial instruments.
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.