DDC Enterprise Limited (DDC) Income Statement
DDC 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanDDC revenue and net income
Where DDC's revenue goes
2025Each bar shows an amount and its share of revenue. DDC kept −130.2% of revenue as net income.
DDC profit margins
DDC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.3% | +10.1% | — | — |
| Gross profit | +11.0% | +33.2% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DDC income statement in Chinese yuan
| 2025 | 2024 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Revenue | CN¥274.0M | CN¥273.3M | CN¥179.6M | CN¥205.2M | CN¥169.1M |
| Cost of revenue | CN¥187.9M | CN¥195.7M | CN¥135.7M | CN¥168.7M | CN¥141.3M |
| Gross profit | CN¥86.2M | CN¥77.6M | CN¥43.9M | CN¥36.5M | CN¥27.8M |
| Research & development | — | — | CN¥0 | CN¥233,663 | CN¥7.8M |
| Sales, general & admin | CN¥305.8M | CN¥138.8M | CN¥113.3M | CN¥125.9M | CN¥107.7M |
| Total operating expenses | CN¥311.2M | CN¥215.1M | CN¥123.9M | CN¥150.1M | CN¥124.6M |
| Operating income | −CN¥225.0M | −CN¥137.4M | −CN¥80.0M | −CN¥113.6M | −CN¥96.7M |
| Interest income | CN¥8.0M | CN¥3.2M | CN¥465,162 | CN¥9,783 | CN¥10,360 |
| Interest expense | CN¥20.4M | CN¥16.7M | CN¥30.8M | CN¥22.8M | CN¥7.0M |
| Income before taxes | −CN¥323.3M | −CN¥149.8M | −CN¥119.1M | −CN¥457.9M | −CN¥115.8M |
| Income taxes | CN¥14.7M | CN¥7.1M | CN¥3.1M | CN¥816,868 | −CN¥1.4M |
| Net income | −CN¥356.7M | −CN¥170.2M | −CN¥122.0M | −CN¥454.4M | −CN¥113.5M |
| EBITDA | −CN¥301.1M | −CN¥128.4M | −CN¥84.8M | −CN¥429.9M | −CN¥102.5M |
| Gross margin | 31.4% | 28.4% | 24.5% | 17.8% | 16.5% |
| Operating margin | −82.1% | −50.3% | −44.5% | −55.4% | −57.2% |
| Net margin | −130.2% | −62.3% | −67.9% | −221.4% | −67.1% |
| Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥116.1M | CN¥77.7M | CN¥89.4M | CN¥43.0M | CN¥66.4M | CN¥66.4M | CN¥36.9M |
| Cost of revenue | CN¥88.0M | CN¥57.0M | CN¥66.0M | CN¥32.1M | CN¥50.1M | CN¥50.1M | CN¥28.2M |
| Gross profit | CN¥28.1M | CN¥20.7M | CN¥23.4M | CN¥10.9M | CN¥16.2M | CN¥16.2M | CN¥8.7M |
| Research & development | CN¥502,160 | CN¥502,160 | CN¥502,160 | — | CN¥0 | CN¥0 | CN¥0 |
| Sales, general & admin | CN¥152.6M | CN¥18.2M | CN¥31.2M | CN¥19.2M | CN¥22.8M | CN¥22.8M | CN¥16.9M |
| Total operating expenses | CN¥208.3M | CN¥20.3M | CN¥34.2M | CN¥20.7M | CN¥23.9M | CN¥23.9M | CN¥21.9M |
| Operating income | −CN¥180.3M | CN¥390,196 | −CN¥10.8M | −CN¥9.8M | −CN¥7.6M | −CN¥7.6M | −CN¥13.3M |
| Interest income | CN¥965,779 | CN¥523,940 | CN¥523,940 | CN¥483,417 | CN¥589,469 | CN¥116,291 | CN¥244,075 |
| Interest expense | CN¥2.8M | CN¥6.0M | CN¥9.4M | CN¥3.7M | CN¥5.9M | CN¥5.9M | CN¥18.0M |
| Income before taxes | −CN¥144.3M | −CN¥5.3M | −CN¥6.1M | −CN¥183,159 | −CN¥12.3M | −CN¥12.3M | −CN¥30.0M |
| Income taxes | CN¥2.2M | CN¥1.6M | CN¥2.8M | CN¥829,764 | −CN¥1,514 | −CN¥1,514 | −CN¥406,153 |
| Net income | −CN¥143.3M | −CN¥9.7M | −CN¥12.1M | −CN¥2.0M | −CN¥39.0M | −CN¥39.0M | −CN¥28.5M |
| EBITDA | −CN¥144.1M | CN¥744,179 | CN¥4.0M | CN¥4.2M | −CN¥6.5M | −CN¥6.5M | −CN¥11.1M |
| Gross margin | 24.2% | 26.7% | 26.2% | 25.3% | 24.5% | 24.5% | 23.5% |
| Operating margin | −155.3% | 0.5% | −12.1% | −22.8% | −11.5% | −11.5% | −36.0% |
| Net margin | −123.5% | −12.4% | −13.5% | −4.6% | −58.8% | −58.8% | −77.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in DDC's financial statements (latest annual report filed April 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DDC financial results
In fiscal year 2025 (ended December 31, 2025), DDC Enterprise reported revenue of CN¥274.0 million, up 0.3% from the year before. It had a net loss of CN¥356.7 million, a net profit margin of −130.2%. Figures are in Chinese yuan, the currency of its financial statements.
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DDC income statement FAQ
What is DDC Enterprise's annual revenue?
DDC Enterprise reported total revenue of CN¥274.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.3% from CN¥273.3 million the previous year.
Is DDC Enterprise profitable?
No. DDC Enterprise reported a net loss of CN¥356.7 million in fiscal 2025, a net profit margin of −130.2%; its operating margin was −82.1%.
What is DDC Enterprise's gross margin?
DDC Enterprise's gross margin was 31.4% in fiscal 2025: for every $100 of revenue, DDC Enterprise kept $31 after the direct cost of its products and services.
When does DDC Enterprise's fiscal year end?
DDC Enterprise's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 21, 2026.