Company research
DDC Enterprise Ltd
CIK 1808110Updated Sep 24, 2026
SecurityDDC · NYSE_AMERICAN · equity
Name history
DDC Enterprise Ltd · through Sep 21, 2026
DDC price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 199,563,861Source | 66,474,517Source | 61,176,858Source | 255,377,773Source |
| Property, Plant and Equipment, NetUSD | 43,375Source | 78,607Source | 84,936Source | 509,169Source |
| GoodwillUSD | 711,133Source | 3,649,488Source | 5,691,226Source | 18,769,688Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 230,329Source | 1,492,607Source | 1,327,704Source | 17,439,892Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,020,292Source | 8,351,096Source | 11,097,438Source | 3,774,950Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,943,698Source | 4,540,995Source | 4,156,191Source | 26,906,994Source |
| Inventory, NetUSD | 1,176,773Source | 646,610Source | 1,406,231Source | 6,115,553Source |
| Assets, CurrentUSD | 83,673,569Source | 51,668,791Source | 45,135,378Source | 155,642,065Source |
| Prepaid Expense and Other Assets, CurrentUSD | 54,883,403Source | 20,312,528Source | 13,745,179Source | 25,714,888Source |
| Operating Lease, Right-of-Use AssetUSD | 1,227,086Source | 706,130Source | 869,024Source | 6,132,812Source |
| Other Assets, NoncurrentUSD | 9,268,288Source | 7,715,746Source | 6,077,569Source | 34,443,178Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 120,685,543Source | 55,203,421Source | 52,633,464Source | 374,357,236Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedCNY | — | — | — | 58,565,485Source |
| Additional Paid in CapitalUSD | 357,319,835Source | — | 255,870,407Source | — |
| Retained Earnings (Accumulated Deficit)USD | -310,489,451Source | -248,596,271Source | -231,606,404Source | -1,478,040,573Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -17,983,245Source | -18,062,029Source | -19,096,289Source | -83,132,274Source |
| Stockholders' Equity Attributable to ParentUSD | 71,221,156Source | 6,497,284Source | 5,495,449Source | -1,501,925,812Source |
| Additional Paid in Capital, Common StockUSD | — | 271,911,461Source | — | — |
| Liabilities and EquityUSD | 199,563,861Source | 66,474,517Source | 61,176,858Source | 255,377,773Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 95,526,733Source | 50,774,464Source | 39,631,151Source | 261,792,735Source |
| Operating Lease, Liability, CurrentUSD | 292,843Source | 279,186Source | 364,904Source | 1,413,110Source |
| Accounts Payable, CurrentUSD | 3,650,015Source | 3,330,313Source | 2,928,731Source | 17,046,154Source |
| Operating Lease, Liability, NoncurrentUSD | 915,975Source | 491,108Source | 569,739Source | 4,824,198Source |
| Deferred Income Tax Liabilities, NetUSD | 180,874Source | 520,373Source | 539,091Source | 3,399,427Source |
| Other Liabilities, NoncurrentUSD | 1,487,974Source | 1,425,555Source | 1,465,592Source | 4,162,222Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 7,657,162Source | 4,773,812Source | 3,047,945Source | 14,426,288Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetCNY | 1,264,873Source | 3,798,357Source | 3,827,489Source | 3,399,427Source |
| Long-term Debt, Current MaturitiesUSD | 78,508Source | 108,579Source | 280,732Source | 2,020,480Source |
| Long-term Debt, Excluding Current MaturitiesCNY | — | 4,463,550Source | 5,519,461Source | 1,671,084Source |
| Short-term InvestmentsUSD | 18,646,997Source | 17,817,562Source | 14,660,323Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -48,333,815Source | -21,507,690Source | -22,813,801Source | -122,248,608Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 31,221,194Source | 2,622,676Source | 11,811,899Source | 38,993,201Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,420,958Source | 615,552Source | 632,081Source | 21,010,479Source |
| Increase (Decrease) in InventoriesUSD | 527,484Source | -567,400Source | 134,537Source | -3,094,089Source |
| Increase (Decrease) in Accounts PayableUSD | 173,881Source | -1,281,950Source | 73,900Source | 667,966Source |
| Deferred Income Tax Expense (Benefit)USD | -362,283Source | -708,798Source | -176,877Source | -601,737Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -39,695,734Source | -15,468,224Source | -12,584,764Source | -37,083,065Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | -203,385Source | -1,115,024Source | -2,223,351Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -62,511,871Source | -1,487,406Source | -19,037,141Source | -444,627Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,575Source | 52,155Source | 28,409Source | 191,634Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 96,760,776Source | 14,284,997Source | 30,423,441Source | 51,352,149Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -5,328,397Source | -2,816,358Source | -2,196,306Source | 19,654,129Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 3,022,698Source | 8,351,096Source | 11,167,454Source | 13,363,760Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 338,638Source | 1,308,824Source | 1,985,336Source | 4,906,616Source |
| Income Taxes Paid, NetUSD | — | — | -29,363Source | -235,548Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 118,432Source | -145,725Source | -997,843Source | 5,829,672Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 5,141,560Source | 19,143,702Source | — | 5,141,560Source |
| Amortization of Intangible AssetsCNY | 1,544,698Source | 4,309,183Source | 3,020,920Source | 3,118,734Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | 18,967Source | 13,543,650Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -2,887,360Source | 658,133Source | 2,408,661Source | -1,875,889Source |
| Financing Interest ExpenseCNY | 31,849Source | 107,343Source | 58,534Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | 2,319Source | -9,408Source | 671,007Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | 2,319Source | -9,408Source | 671,007Source |
| Gain (Loss) on Disposition of Property Plant EquipmentCNY | — | — | — | -13,748Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | -1,550,065Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | -1,470,451Source | — |
| General and Administrative ExpenseUSD | 11,413,972Source | 13,580,037Source | 11,614,348Source | 53,543,862Source |
| GoodwillUSD | 711,133Source | 3,649,488Source | 5,691,226Source | 18,769,688Source |
| Goodwill, Impairment LossUSD | 3,098,151Source | 9,306,732Source | 928,495Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 1,106,745Source | 2,564,693Source | — | — |
| Income Tax Expense (Benefit)USD | 2,096,794Source | 978,676Source | 704,907Source | 3,115,753Source |
| Inventory Write-downCNY | 332,524Source | 4,282,663Source | 306,841Source | 27,536Source |
| Investment Income, InterestUSD | 1,150,373Source | 445,013Source | 360,935Source | 465,162Source |
| Net Income (Loss) Attributable to ParentCNY | — | — | -161,975,688Source | -122,248,608Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,674,324Source | 1,809,130Source | 614,945Source | -222,968Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -356,705,027Source | -170,196,454Source | -166,341,733Source | -122,025,640Source |
| Operating ExpensesUSD | 47,598,732Source | 29,466,767Source | 27,841,576Source | 123,931,165Source |
| Operating Lease, ExpenseCNY | 3,947,009Source | 2,779,881Source | 2,878,538Source | 4,113,468Source |
| Payments to Acquire InvestmentsUSD | — | — | 2,491,434Source | 348,230Source |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 274,040,604Source | 273,333,957Source | 205,481,904Source | 179,586,066Source |
| Unrealized Gain (Loss) on InvestmentsCNY | 8,850,627Source | 8,506,042Source | 396,098Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 39,187,285Source | 37,446,599Source | 28,941,521Source | 179,586,066Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -35,278,743Source | -18,829,763Source | -20,594,247Source | -80,004,296Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -46,237,021Source | -20,529,014Source | -22,108,894Source | -119,132,855Source |
| Income Tax Expense (Benefit)USD | 2,096,794Source | 978,676Source | 704,907Source | 3,115,753Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,674,324Source | 1,809,130Source | 614,945Source | -222,968Source |
| Net Income (Loss) Attributable to ParentCNY | — | — | -161,975,688Source | -122,248,608Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 1,544,698Source | 4,309,183Source | 3,020,920Source | 3,118,734Source |
| Current Income Tax Expense (Benefit)CNY | 17,196,577Source | 12,317,379Source | 6,260,574Source | 3,717,490Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 263,437Source | 640,274Source | 860,209Source | 3,544,322Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | -2,887,360Source | 658,133Source | 2,408,661Source | -1,875,889Source |
| Financing Interest ExpenseCNY | 31,849Source | 107,343Source | 58,534Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | 2,319Source | -9,408Source | 671,007Source |
| General and Administrative ExpenseUSD | 11,413,972Source | 13,580,037Source | 11,614,348Source | 53,543,862Source |
| Goodwill, Impairment LossUSD | 3,098,151Source | 9,306,732Source | 928,495Source | — |
| Gross ProfitUSD | 12,319,989Source | 10,637,004Source | 7,247,329Source | 43,926,869Source |
| Interest ExpenseUSD | 2,923,190Source | 2,293,230Source | 1,715,329Source | 30,826,950Source |
| Investment Income, InterestUSD | 1,150,373Source | 445,013Source | 360,935Source | 465,162Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -356,705,027Source | -170,196,454Source | -166,341,733Source | -122,025,640Source |
| Operating ExpensesUSD | 47,598,732Source | 29,466,767Source | 27,841,576Source | 123,931,165Source |
| Operating Lease, ExpenseCNY | 3,947,009Source | 2,779,881Source | 2,878,538Source | 4,113,468Source |
| Revenue from Contract with Customer, Including Assessed TaxCNY | 274,040,604Source | 273,333,957Source | 205,481,904Source | 179,586,066Source |
| Selling and Marketing ExpenseUSD | 1,096,609Source | 2,865,560Source | 2,456,400Source | 20,763,218Source |