NYSEAMERICAN : DDC
DDC Enterprise Limited — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 0.1301 USD (Oct 30, 2026, 9:30 AM EDT) · Market cap 7.62M
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Financial statements
DDC Enterprise Limited (DDC) reported revenue of 298.88M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 298.88M | 274.04M | 273.33M | 205.48M | 179.59M | 205.18M |
| Cost of Revenue | 208.52M | 187.89M | 195.69M | 154.03M | 135.66M | 168.72M |
| Gross Profit | 90.36M | 86.15M | 77.64M | 51.46M | 43.93M | 36.46M |
| Selling, General & Admin | 106.82M | 92.86M | 128.01M | 107.22M | 85.03M | 150.72M |
| Research & Development | 233.66K | |||||
| Operating Expenses | 343.76M | 311.20M | 147.15M | 191.08M | 124.02M | 150.95M |
| Operating Income | -253.40M | -225.04M | -69.51M | -139.62M | -80.10M | -114.50M |
| Interest Expense | -34.59M | -20.44M | -16.74M | -12.18M | -30.83M | -22.84M |
| Interest & Investment Income | 13.58M | 8.04M | 3.25M | 2.56M | 465.16K | 9.78K |
| Currency Exchange Gain (Loss) | 5.56K | 16.93K | -66.80K | 671.01K | -147.41K | |
| Other Non Operating Income (Expenses) | -314.84M | -55.74M | 6.72M | 17.52M | -276.14K | -91.69M |
| EBT Excluding Unusual Items | -589.25M | -293.18M | -76.27M | -131.79M | -110.06M | -229.16M |
| Impairment of Goodwill | -21.67M | -21.67M | -67.93M | -6.59M | ||
| Gain (Loss) on Sale of Investments | -8.49M | -8.49M | -5.65M | -8.29M | -22.71M | |
| Gain (Loss) on Sale of Assets | 134.66K | 13.54M | ||||
| Other Unusual Items | -10.44M | 92.80K | -228.70M | |||
| Pretax Income | -619.41M | -323.34M | -149.85M | -156.97M | -119.13M | -457.87M |
| Income Tax Expense | 16.37M | 14.66M | 7.14M | 5.00M | 3.12M | 816.87K |
| Net Income | -635.78M | -338.00M | -156.99M | -161.98M | -122.25M | -458.68M |
| Preferred Dividends & Other Adjustments | 110.11M | 109.09M | 381.22M | |||
| Net Income to Common | -635.78M | -338.00M | -156.99M | -272.09M | -231.34M | -839.90M |
| Shares Outstanding (Basic) | 25.92M | 10.35M | 2.29M | 1.16M | 253.46K | 228.20K |
| Shares Outstanding (Diluted) | 25.92M | 10.35M | 2.29M | 1.16M | 253.46K | 228.20K |
| EPS (Basic) | -24.53 | -32.67 | -68.60 | -233.80 | -912.73 | -3,680.55 |
| EPS (Diluted) | -24.53 | -32.67 | -68.60 | -233.80 | -912.73 | -3,680.55 |
| Free Cash Flow | -277.63M | -113.29M | -89.55M | -37.27M | -91.60M | |
| Free Cash Flow Per Share | -26.83 | -49.51 | -76.95 | -147.06 | -401.42 | |
| Gross Margin | 30.23% | 31.44% | 28.41% | 25.04% | 24.46% | 17.77% |
| Operating Margin | -84.78% | -82.12% | -25.43% | -67.95% | -44.60% | -55.80% |
| Profit Margin | -212.72% | -123.34% | -57.44% | -132.41% | -128.82% | -409.35% |
| Free Cash Flow Margin | -101.31% | -41.45% | -43.58% | -20.76% | -44.65% | |
| EBITDA | -252.98M | -223.20M | -64.84M | -136.22M | -76.55M | -109.39M |
| EBITDA Margin | -84.64% | -81.45% | -23.72% | -66.30% | -42.63% | -53.31% |
| D&A For EBITDA | 426.59K | 1.84M | 4.67M | 3.40M | 3.54M | 5.11M |
| EBIT | -253.40M | -225.04M | -69.51M | -139.62M | -80.10M | -114.50M |
| EBIT Margin | -84.78% | -82.12% | -25.43% | -67.95% | -44.60% | -55.80% |
| Revenue as Reported | 274.04M | 274.04M | 273.33M | 205.48M | 179.59M | 205.18M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.93M | 21.12M | 60.96M | 78.79M | 26.80M | 13.49M |
| Short-Term Investments | 129.43M | 136.76M | 135.82M | 109.97M | 759.61K | 6.59M |
| Cash & Short-Term Investments | 134.35M | 157.88M | 196.78M | 188.76M | 27.56M | 20.09M |
| Accounts Receivable | 40.89M | 41.56M | 33.15M | 29.51M | 26.91M | 11.57M |
| Other Receivables | 224.59M | 45.21M | 17.34M | 7.24M | 6.36M | |
| Receivables | 40.89M | 266.15M | 78.36M | 46.85M | 34.15M | 17.93M |
| Inventory | 9.34M | 8.23M | 4.72M | 9.98M | 6.12M | 9.61M |
| Prepaid Expenses | 402.77M | 117.54M | 69.87M | 53.52M | 8.92M | |
| Restricted Cash | 16.83K | 497.11K | 70.10M | 63.76M | ||
| Other Current Assets | 35.32M | 27.42M | 20.85M | 8.79M | 8.09M | |
| Total Current Assets | 587.36M | 585.14M | 377.15M | 320.46M | 155.64M | 119.47M |
| Property, Plant & Equipment | 7.70M | 8.88M | 5.73M | 6.77M | 6.64M | 4.17M |
| Long-Term Investments | 8.49M | 14.14M | 22.44M | 51.75M | ||
| Goodwill | 4.97M | 4.97M | 26.64M | 40.41M | 18.77M | 8.30M |
| Other Intangible Assets | 1.34M | 1.61M | 10.89M | 9.43M | 17.44M | 15.21M |
| Long-Term Accounts Receivable | 1.43M | 1.81M | 622.35K | |||
| Other Long-Term Assets | 1.17B | 793.54M | 54.51M | 42.53M | 34.44M | 29.61M |
| Total Assets | 1.77B | 1.40B | 485.22M | 434.35M | 255.38M | 228.50M |
| Accounts Payable | 27.37M | 25.52M | 24.31M | 20.79M | 17.05M | 18.50M |
| Accrued Expenses | 217.32M | 33.60M | 61.23M | 57.62M | 46.42M | 33.71M |
| Short-Term Debt | 40.46M | 455.89M | 103.70M | 103.13M | 108.65M | 90.87M |
| Current Portion of Long-Term Debt | 22.06M | 4.66M | 69.07M | 15.26M | 29.55M | 2.27M |
| Current Portion of Leases | 1.39M | 2.05M | 2.07M | 2.69M | 1.41M | 2.55M |
| Current Income Taxes Payable | 126.65M | 90.20M | 62.00M | 46.64M | 24.40M | |
| Current Unearned Revenue | 11.65M | 13.98M | 12.38M | 13.77M | 6.29M | 2.07M |
| Other Current Liabilities | 5.68M | 7.68M | 6.11M | 5.78M | 2.67M | |
| Total Current Liabilities | 320.25M | 668.03M | 370.62M | 281.38M | 261.79M | 177.04M |
| Long-Term Debt | 146.20M | 157.86M | 14.54M | 73.91M | 81.67M | 58.53M |
| Long-Term Leases | 5.94M | 6.41M | 3.58M | 4.08M | 4.82M | |
| Long-Term Deferred Tax Liabilities | 1.26M | 1.26M | 3.80M | 3.83M | 3.40M | 3.19M |
| Other Long-Term Liabilities | 10.41M | 10.41M | 10.41M | 10.49M | 22.67M | 26.16M |
| Total Liabilities | 484.07M | 843.97M | 402.95M | 373.69M | 374.36M | 264.92M |
| Common Stock | 126.52M | 65.78M | 9.08M | 2.33M | 681.55K | 642.83K |
| Additional Paid-In Capital | 3.68B | 2.50B | 1.98B | 1.82B | ||
| Retained Earnings | -2.44B | -2.17B | -1.81B | -1.64B | -1.48B | -1.28B |
| Comprehensive Income & Other | -134.65M | -125.76M | -131.84M | -135.58M | -83.13M | 37.40M |
| Total Common Equity | 1.23B | 267.51M | 47.43M | 39.02M | -1.56B | -1.25B |
| Minority Interest | 62.29M | 53.55M | 34.85M | 21.64M | 14.43M | 236.67K |
| Shareholders' Equity | 1.29B | 551.60M | 82.27M | 60.66M | -118.98M | -36.42M |
| Total Liabilities & Equity | 1.77B | 1.40B | 485.22M | 434.35M | 255.38M | 228.50M |
| Total Debt | 216.06M | 626.86M | 192.95M | 199.07M | 226.11M | 154.23M |
| Net Cash (Debt) | -81.70M | -468.98M | 3.82M | -10.32M | -198.55M | -134.14M |
| Net Cash Per Share | -3.15 | -45.32 | 1.67 | -8.86 | -783.36 | -587.81 |
| Filing Date Shares Outstanding | 47.38M | 46.03M | 4.03M | 4.02M | 1.10M | 1.09M |
| Total Common Shares Outstanding | 47.38M | 25.03M | 4.03M | 1.68M | 1.10M | 1.09M |
| Working Capital | 267.11M | -82.89M | 6.53M | 39.08M | -106.15M | -57.58M |
| Book Value Per Share | 25.89 | 10.69 | 11.78 | 23.28 | -1,417.94 | -1,146.43 |
| Tangible Book Value | 1.22B | 260.93M | 9.89M | -10.82M | -1.60B | -1.27B |
| Tangible Book Value Per Share | 25.76 | 10.42 | 2.46 | -6.45 | -1,450.85 | -1,168.07 |
| Buildings | 4.73M | |||||
| Machinery | 7.39M | 7.72M | 7.98M | 8.48M | 26.01M | |
| Leasehold Improvements | 2.86M | 2.81M | 2.70M | 2.52M | 3.89M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -338.00M | -156.99M | -161.98M | -122.25M | -458.68M | |
| Depreciation & Amortization | 1.84M | 4.67M | 3.40M | 3.54M | 5.11M | |
| Loss (Gain) From Sale of Assets | -134.66K | -13.53M | -14.26K | |||
| Asset Writedown & Restructuring Costs | 29.41M | 86.65M | 6.59M | |||
| Loss (Gain) From Sale of Investments | 8.49M | 5.65M | 8.29M | 22.71M | ||
| Stock-Based Compensation | 218.33M | 19.14M | 83.86M | 38.99M | ||
| Provision & Write-off of Bad Debts | 1.52M | 3.10M | 3.48M | 5.33M | 4.32M | |
| Other Operating Activities | 56.56M | -1.08M | 6.66M | 23.90M | 341.81M | |
| Change in Accounts Receivable | -9.94M | -4.49M | -4.49M | -21.01M | -2.73M | |
| Change in Inventory | -3.69M | 4.14M | -955.20K | 3.09M | -5.90M | |
| Change in Accounts Payable | 1.22M | -9.36M | 524.69K | 667.97K | 3.59M | |
| Change in Unearned Revenue | 1.60M | -1.40M | 4.80M | 4.94M | -356.35K | |
| Change in Other Net Operating Assets | -244.93M | -62.95M | -39.42M | 16.52M | 21.43M | |
| Operating Cash Flow | -277.60M | -112.91M | -89.35M | -37.08M | -91.43M | |
| Capital Expenditures | -31.99K | -380.70K | -201.70K | -191.63K | -179.21K | |
| Sale of Property, Plant & Equipment | 75.80K | 62.55K | 22.88K | |||
| Cash Acquisitions | -10.55M | -9.16M | 223.35K | -12.85M | ||
| Divestitures | -52.92K | -128.11K | ||||
| Investment in Securities | -125.81M | -348.23K | -5.35M | |||
| Other Investing Activities | -437.12M | |||||
| Investing Cash Flow | -437.15M | -10.86M | -135.16M | -444.63K | -8.36M | |
| Short-Term Debt Issued | 70.53M | 124.22M | 161.16M | 27.16M | 79.01M | |
| Long-Term Debt Issued | 189.40M | 19.28M | 35.33M | 45.21M | 38.42M | |
| Total Debt Issued | 259.93M | 143.50M | 196.49M | 72.37M | 117.42M | |
| Short-Term Debt Repaid | -74.31M | -51.24M | -187.78M | -17.69M | -77.26M | |
| Long-Term Debt Repaid | -4.31M | -2.96M | -5.88M | -2.75M | -6.63M | |
| Total Debt Repaid | -78.62M | -54.20M | -193.65M | -20.43M | -83.89M | |
| Net Debt Issued (Repaid) | 181.32M | 89.29M | 2.83M | 51.94M | 33.54M | |
| Issuance of Common Stock | 138.83M | 14.98M | 213.17M | |||
| Other Financing Activities | 356.51M | -585.47K | 513.32K | |||
| Financing Cash Flow | 676.66M | 104.27M | 216.00M | 51.35M | 115.76M | |
| Foreign Exchange Rate Adjustments | -1.73M | 1.16M | -9.11M | 5.83M | 2.65M | |
| Net Cash Flow | -39.82M | -18.33M | -17.62M | 19.65M | 18.63M | |
| Free Cash Flow | -277.63M | -113.29M | -89.55M | -37.27M | -91.60M | |
| Free Cash Flow Margin | -101.31% | -41.45% | -43.58% | -20.76% | -44.65% | |
| Free Cash Flow Per Share | -26.83 | -49.51 | -76.95 | -147.06 | -401.42 | |
| Levered Free Cash Flow | -170.53M | -43.65M | 26.69M | -14.86M | -88.77M | |
| Unlevered Free Cash Flow | -157.75M | -33.19M | 34.30M | 4.41M | -74.49M | |
| Cash Interest Paid | 2.37M | 9.55M | 11.97M | 4.91M | 3.75M | |
| Cash Income Tax Paid | 208.47K | 235.55K | 22.32K | |||
| Change in Working Capital | -255.74M | -74.06M | -39.53M | 4.22M | 16.03M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.49M | 49.58M | 17.59M | 191.11M | ||
| Enterprise Value | 19.52M | 51.68M | 17.09M | 438.81M | ||
| Last Close Price | 0.14 | 2.05 | 4.37 | 116.75 | ||
| PS Ratio | 0.18 | 1.26 | 0.47 | 6.59 | ||
| PB Ratio | 0.04 | 0.63 | 1.56 | 22.34 | ||
| P/TBV Ratio | 0.04 | 1.33 | 12.98 | |||
| EV/Sales Ratio | 0.45 | 1.32 | 0.46 | 15.14 | ||
| Debt / Equity Ratio | 0.17 | 1.14 | 2.35 | 3.28 | -1.90 | -4.23 |
| Net Debt / Equity Ratio | 0.06 | 0.85 | -0.05 | 0.17 | -1.67 | -3.68 |
| Net Debt / EBITDA Ratio | -0.32 | -2.10 | 0.06 | -0.08 | -2.59 | -1.23 |
| Net Debt / FCF Ratio | -1.69 | 0.03 | -0.12 | -5.33 | -1.46 | |
| Asset Turnover | 0.25 | 0.29 | 0.59 | 0.60 | 0.74 | 1.14 |
| Inventory Turnover | 33.63 | 29.02 | 26.62 | 19.13 | 17.26 | 23.16 |
| Quick Ratio | 0.55 | 0.64 | 0.74 | 0.84 | 0.24 | 0.21 |
| Current Ratio | 1.83 | 0.88 | 1.02 | 1.14 | 0.59 | 0.68 |
| Return on Equity (ROE) | -82.69% | -106.65% | -219.68% | |||
| Return on Assets (ROA) | -13.10% | -14.96% | -9.45% | -25.30% | -20.69% | -39.83% |
| Return on Capital Employed (ROCE) | -17.40% | -30.90% | -60.70% | -91.30% | 1,248.60% | -222.50% |
| Earnings Yield | -2,825.26% | -97.47% | -122.29% | -11.95% | ||
| FCF Yield | -440.26% | -80.06% | -88.25% | -6.61% | ||
| Buyback Yield / Dilution | -794.20% | -352.17% | -96.63% | -359.16% | -11.07% | -226.00% |