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MARKETS / NYSE / DDC
NYSE · FOOD AND KINDRED PRODUCTS · SMALL CAP

DDC Enterprise Ltd. DDC

5 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 274.0M
▲ 0.3% YoY
CNY -338.0M
CNY -277.6M
In brief

What this company does

It also owns multiple brands that provide convenient meal solution products to consumers. For products sold to individual customers, it typically uses an order-driven drop shipping model in which supply-chain partners are responsible for producing, storing and delivering the products. For products sold to businesses such as offline retail chains and supermarkets, it adopts a bulk shipment model under which supply chain partners are engaged to produce the products in bulk. As of December 31, 2025, its network of PRC suppliers comprised more than 450 supply chain partners for its existing product portfolio.

Written from the business description in DDC Enterprise Ltd's annual report to the U.S. Securities and Exchange Commission, filed 21 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 274.0M
Revenue, FY2025 · full 5-year series below
Revenue CNY M Net income CNY M
FY2025 · Revenue 274.0 · Net income -338.0
100M200M-200M-400M20212022202320242025
Compound annual growth
+15.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−123 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -90.0% · Net -123.3%
-100%-200%20212022202320242025
ROE
FY2025 · ROE -123.9%
-100%-200%-300%20212022202320242025

Each CNY of equity lost 124 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -277.6
-100M-200M20212022202320242025

Total assetsCNY 1.4B
EquityCNY 498.1M
CashCNY 21.1M
Gross debtCNY 5.0M
Net debtCNY -16.1M
Current ratio0.88×

The company holds more cash than debt.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 20252024202320222021
Revenue CNY B0.30.30.20.20.2
Operating income CNY B−0.2−0.1−0.1−0.1−0.1
EBITDA CNY B·····
Income tax CNY B0.00.00.00.00.0
Net income CNY B−0.3−0.2−0.2−0.1−0.5
Free cash flow CNY B−0.3−0.1−0.10.00.0
EPS, diluted CNY ·−0.66−38.29−42.32−173.00
Dividend / sh CNY ·····
Payout %·····
ROE %−123.9−363.2···
Shares out B····0.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFood and Kindred Products
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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