NINE Ninetowns Internet Technology Group Company Limited featured news, full reports, and detailed charts
Ninetowns Internet Technology Group Company Limited (NINE) Wrap Up:
Our predecessor, Ninetowns Technology, a “share cooperative enterprise” formed under PRC law on March 22, 1995, focused on the research and development of software related to the declaration process, in addition to selling computer hardware and accessories. Through a series of restructuring transactions in 2000, Ixworth Enterprises Limited, or Ixworth, a company incorporated in the British Virgin Islands, acquired 90.0% of the equity interest of Ninetowns Technology. Such 90.0% equity interest acquired by Ixworth was held by New Take Limited, or New Take, and Shielder Limited, or Shielder, both Hong Kong companies, through their respective subsidiaries, Beijing New Take and Ninetowns Times. In September 2003, we issued 21,999,996 ordinary shares to Jitter Bug Holdings Limited, or Jitter Bug, the parent company of Ixworth. Jitter Bug simultaneously transferred 100.0% of the equity interest in Ixworth to us. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f07%2f16%2f0001116679-07-001842.html#FIS_COMPANY_INFORMATION"Ninetowns Internet Technology Group Company Limited (NINE:NASDAQ)
Snapshot of Ninetowns Internet Technology Group Company Limited (NINE)
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OPEN
$1.61
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PREVIOUS CLOSE
$1.62
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DAY HIGH
$1.61
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DAY LOW
$1.61
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52 WEEK HIGH
10/26/09 - $2.20
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52 WEEK LOW
12/18/08 - $0.82
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MARKET CAP
57.6M
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AVERAGE VOLUME 3 mo
9.3K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
35.8M
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NINE Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
NINE Top Compensated Officers
Executives, Board Directors
Key developments for Ninetowns Internet Technology Group Company Limited (NINE)
Ninetowns Internet Technology Group Company Limited reports its financial results for the six month period ended June 30, 2009. Total net revenues were $6.3 million, representing a 15% decrease as compared to $7.4 million for the first half of 2008. Net income was $0.4 million, as compared to a net loss of $4.2 million for the first half of 2008. Both basic and diluted net income per ADS (each ADS represents one ordinary share) were $0.01, compared to basic and diluted net loss per ADS of $0.12 for the first half of 2008. The primary reason for the year-on-year decrease in revenue was the continued deterioration of the import/export sector of China and the corresponding decline in demand for Ninetowns' enterprise software packages and services. Operating loss for the first half of 2009 was $3.7 million, compared to an operating loss of $6.5 million for the first half of 2008.
Ninetowns Internet Technology Group Company Limited expected to Report Fiscal Year 2009 Results on May 10, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).
Ninetowns Internet Technology Group Company Limited, Q2 2009 Earnings Call, Oct 29 2009
NINE Competitors
| Company | Last | Change | |
| No competitor information is available for NINE. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | NINE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.9x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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NINE |
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NINE transactions
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| No transactions in the last 6 months. | ||