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Nine Energy Service Inc (NINE)

Nine Energy Service Inc (NINE)
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Ninetowns Internet Technology Group Company Limited is a PRC software company that enables enterprises and trade-related PRC government agencies to streamline the import/export process in China. The company provides enterprise software and related services for the completion over the Internet of the declaration process. Ninetowns's enterprise software products consist of standardized applications that simplify the declaration and approval process for international trade enterprises. The company has five enterprise software products currently available commercially or in trial version: iDeclare.CIQ, iProcess.CIQ, User Message Agent, or UMA, and iQM. The iDeclare.CIQ series of products enables international trade enterprises to complete the declaration process electronically over the Internet. The iProcess.CIQ product series enables international trade enterprises and their suppliers to submit product quality-related data to the PRC Inspections Administration throughout the production process. The UMA series of enterprise software facilitates effective and secure data transfers: within iTowNet's data exchange platforms; among PRC Inspections Administration's internal processing systems; and between PRC government agencies. The iQM product series provides the following functions to its enterprise customers: the declaration of electronic supervision data, enterprise quality management, a mobile business platform and statistics and quality analyses. The company's enterprise software automates and facilitates the processing of the required import/export declarations and approvals in a cost-efficient, user-friendly and legally-compliant manner over the Internet, utilizing an electronic infrastructure it helped build that links together numerous branch offices of the PRC Inspections Administration. The company's B2B business and services are offered through tootoo.com, its B2B vertical search platform. Ninetowns's enterprise software mainly facilitates declaration processing in a cost-efficient and user-friendly manner over the Internet, utilizing data exchange platforms that it helped build.
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 554,100 609,530 593,380 349,420 310,850
Sales Growth -9.09% +2.72% +69.82% +12.41% -62.68%
Net Income -41,080 -32,210 14,390 -64,580 -378,950
Net Income Growth -27.54% -323.84% +122.28% +82.96% -74.03%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 360,080 401,980 426,830 381,610 442,600
Total Assets Growth -10.42% -5.82% +11.85% -13.78% -47.98%
Total Liabilities 426,140 437,610 450,340 420,880 422,190
Total Liabilities Growth -2.62% -2.83% +7.00% -0.31% -8.42%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 13,200 45,510 16,670 -40,420 -4,900
Operating Cash Flow Growth -71.00% +173.01% +141.24% -724.90% -104.84%
Net Cash Flow -2,960 13,400 -4,060 -47,360 -24,130
Change in Net Cash Flow -122.09% +430.05% +91.43% -96.27% -182.16%
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