9F shares surge 19.01% after-hours as improved ROCE and reduced capital employed signal better capital efficiency.

9F surged 19.01% in after-hours trading following a Simply Wall St analysis highlighting its improving return on capital employed (ROCE) and reduced capital usage. The article noted that 9F, which previously generated losses, now reports a 1.4% ROCE (albeit below the 6.9% industry average) and has cut capital employed by 39% over five years, suggesting more efficient asset utilization. While the ROCE remains low, the turnaround from losses and reduced capital requirements were cited as positive signals for capital allocation, potentially attracting investors seeking undervalued opportunities. The stock’s sharp after-hours rally aligns with the report’s emphasis on these structural improvements, despite broader concerns about its long-term performance.