DDC Enterprise Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Equivalents	4.93	21.12	60.96	78.79	26.8	13.49
Short-Term Investments	129.43	136.76	135.82	109.97	0.76	6.59
Cash & Short-Term Investments	134.35	157.88	196.78	188.76	27.56	20.09
Cash Growth	-25.24%	-19.76%	4.25%	584.86%	37.20%	-23.26%
Accounts Receivable	40.89	41.56	33.15	29.51	26.91	11.57
Other Receivables	-	224.59	45.21	17.34	7.24	6.36
Receivables	40.89	266.15	78.36	46.85	34.15	17.93
Inventory	9.34	8.23	4.72	9.98	6.12	9.61
Prepaid Expenses	402.77	117.54	69.87	53.52	8.92	-
Restricted Cash	-	0.02	-	0.5	70.1	63.76
Other Current Assets	-	35.32	27.42	20.85	8.79	8.09
Total Current Assets	587.36	585.14	377.15	320.46	155.64	119.47
Property, Plant & Equipment	7.7	8.88	5.73	6.77	6.64	4.17
Long-Term Investments	-	-	8.49	14.14	22.44	51.75
Goodwill	4.97	4.97	26.64	40.41	18.77	8.3
Other Intangible Assets	1.34	1.61	10.89	9.43	17.44	15.21
Long-Term Accounts Receivable	-	1.43	1.81	0.62	-	-
Other Long-Term Assets	1,172	793.54	54.51	42.53	34.44	29.61
Total Assets	1,773	1,396	485.22	434.35	255.38	228.5

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	27.37	25.52	24.31	20.79	17.05	18.5
Accrued Expenses	217.32	33.6	61.23	57.62	46.42	33.71
Short-Term Debt	40.46	455.89	103.7	103.13	108.65	90.87
Current Portion of Long-Term Debt	22.06	4.66	69.07	15.26	29.55	2.27
Current Portion of Leases	1.39	2.05	2.07	2.69	1.41	2.55
Current Income Taxes Payable	-	126.65	90.2	62	46.64	24.4
Current Unearned Revenue	11.65	13.98	12.38	13.77	6.29	2.07
Other Current Liabilities	-	5.68	7.68	6.11	5.78	2.67
Total Current Liabilities	320.25	668.03	370.62	281.38	261.79	177.04
Long-Term Debt	146.2	157.86	14.54	73.91	81.67	58.53
Long-Term Leases	5.94	6.41	3.58	4.08	4.82	-
Long-Term Deferred Tax Liabilities	1.26	1.26	3.8	3.83	3.4	3.19
Other Long-Term Liabilities	10.41	10.41	10.41	10.49	22.67	26.16
Total Liabilities	484.07	843.97	402.95	373.69	374.36	264.92

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	126.52	65.78	9.08	2.33	0.68	0.64
Additional Paid-In Capital	3,676	2,499	1,985	1,817	-	-
Retained Earnings	-2,441	-2,171	-1,815	-1,644	-1,478	-1,283
Comprehensive Income & Other	-134.65	-125.76	-131.84	-135.58	-83.13	37.4
Total Common Equity	1,227	267.51	47.43	39.02	-1,560	-1,245
Minority Interest	62.29	53.55	34.85	21.64	14.43	0.24
Shareholders' Equity	1,289	551.6	82.27	60.66	-118.98	-36.42
Total Liabilities & Equity	1,773	1,396	485.22	434.35	255.38	228.5

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	216.06	626.86	192.95	199.07	226.11	154.23
Net Cash (Debt)	-81.7	-468.98	3.82	-10.32	-198.55	-134.14
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.72	-45.32	1.67	-8.86	-783.36	-587.81
Filing Date Shares Outstanding	47.38	46.03	4.03	4.02	1.1	1.09
Total Common Shares Outstanding	47.38	25.03	4.03	1.68	1.1	1.09
Working Capital	267.11	-82.89	6.53	39.08	-106.15	-57.58
Book Value Per Share	25.89	10.69	11.78	23.28	-1417.94	-1146.43
Tangible Book Value	1,221	260.93	9.89	-10.82	-1,597	-1,269
Tangible Book Value Per Share	25.76	10.42	2.46	-6.45	-1450.85	-1168.07
Buildings	-	-	-	-	-	4.73
Machinery	-	7.39	7.72	7.98	8.48	26.01
Leasehold Improvements	-	2.86	2.81	2.7	2.52	3.89

SEC Filings: 10-K · 10-Q