DDC Enterprise Limited (DDC)

DDC Enterprise Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	213.54	179.59	205.18	169.14
Revenue Growth (YoY)	-	-12.47%	21.31%	-
Cost of Revenue	155.2	135.66	168.72	141.3
Gross Profit	58.33	43.93	36.46	27.84
Selling, General & Admin	63.82	85.03	150.72	116.77
Research & Development	0.5	-	0.23	7.82
Operating Expenses	71.91	124.02	150.95	124.58
Operating Income	-13.58	-80.1	-114.5	-96.74
Interest Expense	-19.99	-30.83	-22.84	-7
Interest & Investment Income	1.71	0.47	0.01	0.01
Currency Exchange Gain (Loss)	0.67	0.67	-0.15	1.07
Other Non Operating Income (Expenses)	14.62	-0.28	-91.69	-10.21
EBT Excluding Unusual Items	-16.56	-110.06	-229.16	-112.87
Gain (Loss) on Sale of Investments	-18.06	-22.71	-	-
Gain (Loss) on Sale of Assets	-	13.54	-	-
Other Unusual Items	0.09	0.09	-228.7	-2.95
Pretax Income	-34.53	-119.13	-457.87	-115.81
Income Tax Expense	7.63	3.12	0.82	-1.37
Net Income	-42.16	-122.25	-458.68	-114.44
Preferred Dividends & Other Adjustments	121.93	109.09	381.22	49.33
Net Income to Common	-164.09	-231.34	-839.9	-163.77
Shares Outstanding (Basic)	7	6	6	2
Shares Outstanding (Diluted)	7	6	6	2
Shares Change (YoY)	-	11.07%	226.00%	-
EPS (Basic)	-25.19	-36.51	-147.22	-93.58
EPS (Diluted)	-25.19	-36.51	-147.22	-93.58
Free Cash Flow	-	-37.27	-91.6	-49.3
Free Cash Flow Per Share	-	-5.88	-16.06	-28.17
Gross Margin	27.32%	24.46%	17.77%	16.46%
Operating Margin	-6.36%	-44.60%	-55.80%	-57.20%
Profit Margin	-76.84%	-128.82%	-409.35%	-96.83%
Free Cash Flow Margin	-	-20.76%	-44.65%	-29.15%
EBITDA	-10.87	-76.55	-109.39	-90.43
EBITDA Margin	-5.09%	-42.63%	-53.31%	-53.46%
D&A For EBITDA	2.71	3.54	5.11	6.32
EBIT	-13.58	-80.1	-114.5	-96.74
EBIT Margin	-6.36%	-44.60%	-55.80%	-57.20%
Revenue as Reported	213.54	179.59	205.18	169.14

Source: S&P Capital IQ. Standard template. Financial Sources.