Wednesday, February 23, 2005

The9: Unaudited Fourth Quarter and Fiscal Year 2004 Financial Results

From ChinaTechNews: The9 Shows Small Increase In Quarterly Revenue For Online Games

"For the fourth quarter 2004, The9 Limited (NCTY) reported net revenues of US$1.0 million, an increase of 0.6% from the third quarter of the year. The company announced these unaudited results today.

For the entire year of 2004, the company says its net revenues increased by 111.9% to RMB34.7 million (US$4.2 million) from RMB16.4 million (US$2.0 million) in 2003, the result of an increase in revenues from game operating support, website solutions and advertisement and SMS services, offset in part by the decrease in revenues from online game services and other products and services." Read more