9F (ADR) (JFU)
Provides e-commerce, institutional technology-empowerment, and wealth-management services.
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Provides e-commerce, institutional technology-empowerment, and individual wealth-management services. The post-lending model is centered on mainland China and Hong Kong, with e-commerce conducted through third-party platforms and a Cayman/PRC VIE structure.
Provides e-commerce, technology-empowerment, and wealth-management services following the cessation of its China online-lending information-intermediary business. E-commerce services are conducted through third-party platforms, while technology empowerment serves institutional partners and wealth management serves individual customers.
Operations are centered on mainland China and Hong Kong. The corporate profile also describes consumer-financing technology expansion in Southeast Asia, along with credit assessment and consultation for financial institutions and Hong Kong online stock-investment and insurance-brokerage services.
The business operates through a Cayman holding company, PRC subsidiaries, and a VIE structure. Regulatory policy and the ability to operate the post-transition service lines shape the model.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $491.3M · Total debt $3.6M · Total assets $642.7M · Shareholders' equity $555.0M
- Revenue
- $10.3M
- Operating income
- −$1.3M
- Net income
- −$3.8M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 0.00% | 315 ADS | |
|---|---|---|---|
| 1 holder · as of Sep 30, 2025 | |||
| Insiders | 12.21% | 1.44M ADS | |
| 2 holders · as of Mar 18, 2026 | |||
| Other | 87.79% | 10.34M ADS | |
| remainder | |||
11.78M ADS (1 ADS = 40 ordinary shares) as of Sep 8, 2026 · institutions as of Sep 30, 2025 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Yifan RenInsiderdirector, 10 percent owner | 9.25% | 43.58M A ordinary | filed Mar 18, 2026 |
Changxing XiaoInsiderdirector | 2.96% | 13.92M A ordinary | filed Mar 18, 2026 |
Eversource Wealth Advisors, LLCInstitution | 0.00% | 105 A ADS · 105 A ADS · 105 A ADS | as of Sep 30, 2025 |
DFM Capital Ltd.Strategic | —10.90% of class, as filed | — | filed Feb 12, 2020 |
JAS Investment Group LimitedStrategic | —8.30% of class, as filed | — | filed Feb 12, 2020 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 9F (ADR) | $2.46 | −4.28% | $30.2M | — | — | — | — |
| Qfin (ADR) | $7.75 | −2.33% | $1.03B | 1.1 | 4.5 | 0.4 | −13.0% |
| Alibaba Group (ADR) | $116.38 | +0.54% | $277.46B | 26.3 | 17.7 | 1.8 | +14.7% |
| Futu (ADR) | $113.87 | −0.16% | $15.92B | 11.3 | 10.5 | 4.8 | +35.7% |
| Median | 11.3 | 10.5 | 1.8 | +14.7% |






