Sign in

JFU on Nasdaq

9F Inc.

9F Inc. is a finance services company in the Cayman Islands, listed on Nasdaq (JFU).1

Price unavailable

Last updated Oct 21, 2026.

Overview

$19.2MRevenue, fiscal 20252
$24.1MNet income, fiscal 20252

Compare with Oportun Financial Corp, AtlasClear Holdings, Inc. or Forward Industries, Inc., or pick any stock.

  • TickerJFU on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressRoom 1207, Building No. 5, 5 West Laiguangying Road, Chaoyang District, Beijing3
  • Filer categoryNon-accelerated filer3

See how the biggest companies compare on our leaderboards

Co., Ltd. and Jiufu Jinke Holdings Group Co., Ltd., successively), a company incorporated in China in December 2006.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

81.2%Gross margin2
8.4%Operating margin2
125.2%Net margin2
12.2%Revenue growth, 20252
4.5%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue10¢$3.6M
  • Income tax23¢$8.1M
  • Profit67¢$24.1M

Out of $19.2M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$29.7M

Out of $29.7M of cash from operations.2

Financial statements

Revenue56789102$19.2M in 2025−97% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $635.6M$635.6M20192020: $192.5M$192.5M2020−70%2021: $119.5M$119.5M2021−38%2022: $81.4M$81.4M2022−32%2023: $58.1M$58.1M2023−29%2024: $17.1M$17.1M2024−71%2025: $19.2M$19.2M2025+12%
Gross profit89102$15.6M in 2025−1% since 2022
0$5.0M$10.0M$15.0M$20.0M2022: $15.7M$15.7M20222023: $11.4M$11.4M2023−27%2024: $13.0M$13.0M2024+14%2025: $15.6M$15.6M2025+20%
Operating income89102$1.6M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2022: -$21.8M-$21.8M20222023: -$27.3M-$27.3M2023+25%2024: -$6.2M-$6.2M2024−77%2025: $1.6M$1.6M2025
Net income56789102$24.1M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2019: -$310.2M-$310.2M20192020: -$346.2M-$346.2M2020+12%2021: -$36.9M-$36.9M2021−89%2022: -$86.2M-$86.2M2022+134%2023: -$19.8M-$19.8M2023−77%2024: $6.8M$6.8M20242025: $24.1M$24.1M2025+251%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Sales income134.3M CNY125.0M CNY142.6M CNY
Cost of goods sold-25.3M CNY-29.8M CNY-61.7M CNY
Gross Profit109.0M CNY95.2M CNY81.0M CNY
Total revenues (excluding cost of goods sold)289.9M CNY310.0M CNY412.4M CNY
Sales and marketing-12.4M CNY-14.1M CNY-27.8M CNY
Origination and servicing-59.8M CNY-78.1M CNY-53.5M CNY
General and administrative expenses-181.4M CNY-222.9M CNY-270.3M CNY
(Provision for) reversal of credit losses204.0K CNY-10.6M CNY-192.8M CNY
Total operating expenses and fees (including cost of goods sold)-278.6M CNY-355.4M CNY-606.0M CNY
Operating (loss) income11.3M CNY-45.5M CNY-193.6M CNY
Interest income and realized gain of investment in marketable securities182.4M CNY84.6M CNY97.7M CNY
Impairment loss of investments-330.3M CNY-4.6M CNY-27.9M CNY
Impairment loss of goodwill-24.8M CNY
Impairment loss of intangible assets and property, equipment and software-20.5M CNY
Unrealized (loss) gain investment in marketable securities366.4M CNY5.2M CNY-2.4M CNY
Dividend income from investments700.0K CNY4.2M CNY3.1M CNY
(Loss) gain from disposal of subsidiaries754.0K CNY-75.0K CNY
Gain on held-to-maturity investment190.0K CNY179.0K CNY186.0K CNY
Exchange (loss) income-1.3M CNY791.0K CNY-4.3M CNY
Other income (expense), net-2.3M CNY1.8M CNY222.0K CNY
(Loss) income before income tax expense and loss in equity method investments227.0M CNY27.0M CNY-151.9M CNY
Income tax expense-56.3M CNY-14.0M CNY-7.7M CNY
Income (loss) from equity method investments, net-3.3M CNY37.2M CNY19.3M CNY
Net (loss) income167.4M CNY50.2M CNY-140.3M CNY
Net loss (income) attributable to the non-controlling interest shareholders812.0K CNY-173.0K CNY159.0K CNY
Net (loss) income (attributable to the Companys ordinary shareholder)168.2M CNY50.0M CNY-140.2M CNY
Basic (in Dollars per share and Yuan Renminbi per share)0.71 CNY0.21 CNY-0.60 CNY
Diluted (in Dollars per share and Yuan Renminbi per share)0.71 CNY0.21 CNY-0.60 CNY
Basic (in Shares)235.5M shares235.5M shares235.5M shares
Diluted (in Shares)235.9M shares235.9M shares235.5M shares

Compare 9F Inc. with another company

Corporate structure

9F Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of 9F Inc.

  • Changxing Xiao Filed SC 13G/A on 9F Inc., latest Feb 9, 2024
  • Sun Lei Filed SC 13G/A on 9F Inc., latest Feb 9, 2024 (3 filings since Feb 11, 2022)
  • Jason Nanchun Jiang Filed SC 13G/A on 9F Inc., latest Feb 11, 2022
  • Silverhorn Investment Advisors Ltd Filed SC 13G/A on 9F Inc., latest Feb 11, 2022
  • 9F Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What 9F Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation166.3M CNY2 Dec 31, 2025181.3M CNY2 Dec 31, 2024−8.3%
Accumulated depreciation101.3M CNY2 Dec 31, 2025105.3M CNY2 Dec 31, 2024−3.8%
Property and equipment, net$6.1M2 Dec 31, 2025$7.3M10 Dec 31, 2024−17.1%
Operating-lease assets (leased space)$413.0K2 Dec 31, 2025$1.5M10 Dec 31, 2024−73.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$62.1M2 Dec 31, 2025$54.2M2 Dec 31, 2024+14.5%
Stakes in other companies (equity method)460.9M CNY10 Dec 31, 2024448.7M CNY10 Dec 31, 2023+2.7%
Long-term investments$45.1M2 Dec 31, 2025$120.5M10 Dec 31, 2024−62.5%
Deposits held (banks)586.0K CNY2 Dec 31, 2025587.0K CNY2 Dec 31, 2024−0.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$474.0K2 Dec 31, 2025$634.0K10 Dec 31, 2024−25.2%
Finite-lived intangibles, gross84.9M CNY2 Dec 31, 202586.2M CNY2 Dec 31, 2024−1.5%
Accumulated amortization44.2M CNY2 Dec 31, 202543.9M CNY2 Dec 31, 2024+0.7%

Inventory

ItemLatestA year beforeChange
Inventory, total1.1M CNY2 Dec 31, 2025998.0K CNY2 Dec 31, 2024+8.2%

Leadership

Who has led 9F Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Li (joanne) Zhang2026–now
Board members and other officers (4)

Filings

39 filings to the SEC since October 2021: 5 annual reports, 7 insider forms, 6 large holders, 21 other. The latest 20:

  1. Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Apr 30, 202620-F ANNUAL REPORT EDGAR
  4. Mar 18, 20263 EDGAR
  5. Mar 18, 20263 EDGAR
  6. Mar 18, 20263 EDGAR
  7. Mar 18, 20263 EDGAR
  8. Mar 18, 20263 EDGAR
  9. Mar 18, 20263 EDGAR
  10. Mar 18, 20263 EDGAR
  11. Oct 3, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Sep 18, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Aug 8, 202520-F ANNUAL REPORT EDGAR
  14. May 30, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Apr 30, 2025NT 20-F NOTIFICATION OF LATE FILING EDGAR
  16. Sep 27, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. May 15, 202420-F ANNUAL REPORT EDGAR
  18. Apr 30, 2024NT 20-F NOTIFICATION OF LATE FILING EDGAR
  19. Feb 9, 2024SC 13G/A AMENDMENT NO. 1 TO SCHEDULE 13G EDGAR
  20. Feb 9, 2024SC 13G/A AMENDMENT NO. 4 TO SCHEDULE 13G EDGAR

The 39 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Cetera Investment Advisers10,325$26.4K0.0%No change
Morgan Stanley1,465$3.8K0.0%No change
Bnp Paribas Financial Markets1,120$2.9K0.0%No change
Rhumbline Advisers402$1.1K0.0%No change
UBS Group AG200$5120.0%−2
SBI Securities Co., Ltd.23$590.0%No change
Jpmorgan Chase & Co21$570.0%−3
Global Retirement Partners, LLC15$380.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How 9F Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAR9F Inc.1
  • CIK0001619544
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressRoom 1207, Building No. 5, 5 West Laiguangying Road, Chaoyang District, Beijing, China1
  • Phone86-10-852769961
  • Shares outstanding174,304,260 Common Class A shares; 61,162,400 Common Class B shares as of Dec 31, 20254
  • AuditorMarcum Asia CPAs LLP, Beijing, China PCAOB ID 5395; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 28, 20181
  • Filings122 in all: 6-K (40), UPLOAD (8), 20-F (7), 3 (7), DRSLTR (7), SC 13G/A (7), CORRESP (6), DRS/A (6)1
    All 24 form types

    F-1/A (6), NT 20-F (6), SC 13G (6), EFFECT (2), F-1 (2), FWP (2), 424B4 (1), 6-K/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), F-6 (1), F-6 POS (1), RW (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing 20 Class A ordinary sharesJFUNasdaq
Class A ordinary shares, par value US$0.00001 per shareNasdaq

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19