DDC Enterprise Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	274.04	273.33	205.48	179.59	205.18
Revenue Growth (YoY)	0.26%	33.02%	14.42%	-12.47%	21.31%
Cost of Revenue	187.89	195.69	154.03	135.66	168.72
Gross Profit	86.15	77.64	51.46	43.93	36.46
Selling, General & Admin	-87.49	-120.04	-99.9	-74.31	-125.88
Research & Development	-	-	-	-	-0.23
Other Operating Expenses	-245.38	-95.04	-97.77	-49.62	-23.97
Total Operating Expenses	-332.86	-215.08	-197.67	-123.93	-150.08
Operating Income	-246.71	-137.44	-146.22	-80	-113.62
Interest Income	8.04	3.25	2.56	0.47	0.01
Interest Expense	-20.44	-16.74	-12.18	-30.83	-22.84
Other Non-Operating Income (Expense)	-102.98	1.09	-1.14	-8.77	-321.41
Total Non-Operating Income (Expense)	-115.37	-12.4	-10.75	-39.13	-344.25
Pretax Income	-323.34	-149.84	-156.97	-119.13	-457.87
Provision for Income Taxes	14.66	7.14	5	3.12	0.82
Net Income	-338	-156.99	-272.09	-231.34	-839.9
Minority Interest in Earnings	18.7	13.21	4.37	-0.22	-4.33
Net Income Attributable to Preferred Dividends	-	-	110.11	109.09	381.22
Net Income to Common	-338	-156.99	-272.09	-231.34	-839.9
Shares Outstanding (Basic)	9	1	0	0	0
Shares Outstanding (Diluted)	9	1	0	0	0
Shares Change (YoY)	549.84%	389.43%	-	49.47%	452.00%
EPS (Basic)	-38.84	-120.50	-957.25	-42.32	-4325.00
EPS (Diluted)	-38.84	-120.50	-957.25	-42.32	-4325.00
Shares Outstanding	23.28	3.15	20.03	5.64	0.21
Free Cash Flow	-277.63	-113.29	-89.55	-37.27	-91.6
Free Cash Flow Per Share	-30.23	-80.15	-310.10	-129.07	-474.14
Gross Margin	31.44%	28.41%	25.04%	24.46%	17.77%
Operating Margin	-90.03%	-50.28%	-71.16%	-44.55%	-55.38%
Profit Margin	-123.34%	-57.44%	-78.83%	-68.07%	-223.55%
FCF Margin	-101.31%	-41.45%	-43.58%	-20.76%	-44.65%
EBITDA	-244.87	-132.77	-140.11	-76.46	-108.51
EBITDA Margin	-89.35%	-48.57%	-68.19%	-42.58%	-52.89%
EBIT	-246.71	-137.44	-146.22	-80	-113.62
EBIT Margin	-90.03%	-50.28%	-71.16%	-44.55%	-55.38%
Effective Tax Rate	-4.53%	-4.77%	-3.19%	-2.62%	-0.18%

Updated Jan 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q