DDC revenueFY2025CN¥274.04M
- FY YoY
- +0.3%
DDC revenue was CN¥274.04M for fiscal 2025 (ended Dec 31, 2025), up 0.3% from fiscal 2024. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.
DDC Enterprise Limited (DDC) financials
For fiscal 2025 (ended Dec 31, 2025), DDC Enterprise Limited reported CN¥274.04M of revenue and -CN¥356.71M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥274.04M
- Revenue growth, YoY
- +0.3%
- Net income, FY2025
- -CN¥356.71M
- Net margin
- -130.2%
- Free cash flow, FY2025
- -CN¥277.63M
- Cash
- CN¥21.12M
- Total debt
- CN¥4.43M
FY2021FY2025
FY2021FY2025
FY2021FY2025
DDC revenue and earnings growth
DDC net incomeFY2025-CN¥356.71M
DDC net income was -CN¥356.71M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥170.20M in fiscal 2024.
DDC free cash flowFY2025-CN¥277.63M
DDC free cash flow was -CN¥277.63M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥113.29M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | CN¥274.04M | CN¥273.33M | CN¥205.48M | CN¥179.59M | CN¥205.18M |
| Cost of revenue | CN¥187.89M | CN¥195.69M | CN¥154.03M | CN¥135.66M | CN¥168.72M |
| Gross profit | CN¥86.15M | CN¥77.64M | CN¥51.46M | CN¥43.93M | CN¥36.46M |
| Research and development | - | - | - | - | CN¥233.7K |
| Selling, general and admin | CN¥79.82M | CN¥99.12M | CN¥82.46M | CN¥53.54M | CN¥66.64M |
| Operating income | -CN¥246.71M | -CN¥137.44M | -CN¥146.22M | -CN¥80.00M | -CN¥113.62M |
| Interest expense | CN¥20.44M | CN¥16.74M | CN¥12.18M | CN¥30.83M | CN¥22.84M |
| Pre-tax income | -CN¥323.34M | -CN¥149.85M | -CN¥156.97M | -CN¥119.13M | -CN¥457.87M |
| Income tax | CN¥14.66M | CN¥7.14M | CN¥5.00M | CN¥3.12M | CN¥816.9K |
| Net income | -CN¥356.71M | -CN¥170.20M | -CN¥166.34M | -CN¥122.03M | -CN¥458.68M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | CN¥21.12M | CN¥60.96M | CN¥78.79M | CN¥26.80M | CN¥13.49M |
| Short-term investments | CN¥130.40M | CN¥130.06M | CN¥104.09M | - | - |
| Receivables | CN¥41.56M | CN¥33.15M | CN¥29.51M | CN¥26.91M | - |
| Inventory | CN¥8.23M | CN¥4.72M | CN¥9.98M | CN¥6.12M | - |
| Current assets | CN¥585.14M | CN¥377.15M | CN¥320.46M | CN¥155.64M | - |
| Goodwill | CN¥4.97M | CN¥26.64M | CN¥40.41M | CN¥18.77M | - |
| Total assets | CN¥1.40B | CN¥485.22M | CN¥434.35M | CN¥255.38M | - |
| Current liabilities | CN¥668.03M | CN¥370.62M | CN¥281.38M | CN¥261.79M | - |
| Short-term debt | CN¥549.0K | CN¥792.5K | CN¥1.99M | CN¥2.02M | - |
| Long-term debt | - | CN¥4.46M | CN¥5.52M | CN¥1.67M | - |
| Total debt | CN¥4.43M | CN¥5.26M | CN¥7.51M | CN¥3.69M | - |
| Total liabilities | CN¥843.97M | CN¥402.95M | CN¥373.69M | CN¥374.36M | - |
| Shareholders' equity | CN¥498.06M | CN¥47.43M | CN¥60.66M | -CN¥1.49B | -CN¥1.19B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | -CN¥277.60M | -CN¥112.91M | -CN¥89.35M | CN¥590.4K | CN¥942.7K |
| Capital expenditures | CN¥32.0K | CN¥380.7K | CN¥201.7K | CN¥191.6K | CN¥179.2K |
| Free cash flow | -CN¥277.63M | -CN¥113.29M | -CN¥89.55M | CN¥398.7K | CN¥763.4K |
| Investing cash flow | -CN¥437.15M | -CN¥10.86M | -CN¥135.16M | -CN¥444.6K | -CN¥8.36M |
| Financing cash flow | CN¥676.66M | CN¥104.27M | CN¥216.00M | CN¥51.35M | CN¥115.76M |
| Stock-based compensation | CN¥218.33M | CN¥19.14M | CN¥83.86M | CN¥38.99M | - |
| Depreciation and amortization | CN¥1.84M | CN¥4.67M | CN¥6.11M | CN¥3.54M | CN¥5.11M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 0.3% | 33.0% | 14.4% | -12.5% | - |
| Gross margin | 31.4% | 28.4% | 25.0% | 24.5% | 17.8% |
| Operating margin | -90.0% | -50.3% | -71.2% | -44.5% | -55.4% |
| Net margin | -130.2% | -62.3% | -81.0% | -67.9% | -223.6% |
| Free cash flow margin | -101.3% | -41.4% | -43.6% | 0.2% | 0.4% |
| Return on equity | -71.6% | -358.9% | -274.2% | - | - |
| Return on assets | -25.6% | -35.1% | -38.3% | -47.8% | - |
| Current ratio | 0.88 | 1.02 | 1.14 | 0.59 | - |
| Debt to equity | 0.01 | 0.11 | 0.12 | - | - |
Source: XBRL data DDC Enterprise Limited files with the SEC, latest filing dated Apr 21, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
DDC peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| DDC | CN¥274.04M | +0.3% | -CN¥356.71M | -130.2% | $8.2M |
| MDLZ | $39.90B | +6.0% | $4.08B | 10.2% | $84.10B |
| ADM | $84.06B | +1.0% | $2.48B | 3.0% | $33.24B |
| KHC | $24.78B | -1.5% | -$3.47B | -14.0% | $28.91B |
| BG | $93.47B | +55.5% | $1.16B | 1.2% | $19.44B |
| GIS | $18.30B | -4.5% | -$894.80M | -4.9% | $18.65B |
| SJM | $9.16B | +5.1% | $229.50M | 2.5% | $14.24B |
| MKC.V | $7.69B | +13.2% | $1.49B | 19.4% | $12.97B |
| MKC | $7.69B | +13.2% | $1.49B | 19.4% | $12.88B |
DDC FAQ
8 questionsWhat is DDC revenue?
DDC Enterprise Limited (DDC) reported CN¥274.04M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 0.3% from the year before.Is DDC profitable?
No. DDC Enterprise Limited reported a net loss of CN¥356.71M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does DDC have?
DDC Enterprise Limited reported CN¥21.12M in cash and cash equivalents and CN¥4.43M of debt on its most recent balance sheet in SEC filings.How fast is DDC revenue growing?
DDC Enterprise Limited's revenue changed +0.3% in fiscal 2025, to CN¥274.04M.What is DDC gross margin?
DDC Enterprise Limited's gross profit was CN¥86.15M on CN¥274.04M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 31.4%.What is DDC free cash flow?
DDC Enterprise Limited generated -CN¥277.63M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥277.60M less capital expenditures.When did DDC last report financial results?
The latest statements here come from DDC Enterprise Limited's 20-F filed on Apr 21, 2026, covering the period ended Dec 31, 2025.Where does this DDC financial data come from?
Quantisnow builds these statements from the structured XBRL data DDC Enterprise Limited files with the SEC. It is provided for information only and is not investment advice.