DDC Enterprise Limited (DDC) Key Metrics
DDC key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Chinese yuanDDC returns How much profit the business earns on the capital it uses.
DDC financial health Debt, liquidity and how easily interest is covered.
DDC efficiency & capital use Working capital cycle and where the cash goes.
DDC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DDC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DDC key metrics in Chinese yuan
2020–2025| 2025 | 2024 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | −130.8% | −358.9% | — | — | — |
| Return on invested capital (ROIC) | −35.1% | −222.2% | — | — | — |
| Return on assets (ROA) | −37.9% | −35.1% | −50.4% | −252.9% | −86.8% |
| Return on tangible assets | −25.7% | −38.0% | −55.7% | −221.6% | −105.2% |
| Free cash flow margin | −269.1% | −41.4% | −20.8% | −44.6% | −29.1% |
| Financial health | |||||
| Total debt | CN¥618.7M | CN¥192.5M | CN¥206.7M | CN¥144.3M | CN¥188.2M |
| Cash & short-term investments | CN¥151.5M | CN¥191.0M | CN¥26.8M | CN¥13.5M | CN¥24.5M |
| Net debt | CN¥467.2M | CN¥1.4M | CN¥179.9M | CN¥130.8M | CN¥163.7M |
| Debt / equity | 1.24 | 4.06 | — | — | — |
| Debt / assets | 0.44 | 0.40 | 0.81 | 0.63 | 1.44 |
| Current ratio | 0.88 | 1.02 | 0.59 | 0.67 | 0.49 |
| Quick ratio | 0.86 | 1.00 | 0.57 | 0.62 | 0.47 |
| Interest coverage | -11.0 | -8.2 | -2.6 | -5.0 | -13.8 |
| Working capital | −CN¥82.9M | CN¥6.5M | −CN¥106.2M | −CN¥57.6M | −CN¥100.5M |
| Invested capital | CN¥965.2M | CN¥48.9M | −CN¥1.32B | −CN¥1.06B | −CN¥492.8M |
| Tangible asset value | CN¥545.0M | CN¥44.7M | −CN¥1.52B | −CN¥1.21B | −CN¥674.9M |
| Net current asset value | −CN¥258.8M | −CN¥25.8M | −CN¥1.59B | −CN¥1.30B | −CN¥685.0M |
| Capital allocation | |||||
| Share buybacks (net) | — | CN¥0 | CN¥0 | — | — |
| Capex / revenue | 167.8% | 0.1% | 0.1% | 0.1% | 0.3% |
| Capex / depreciation | 249.57 | 0.08 | 0.05 | 0.04 | 0.09 |
| Stock-based compensation / revenue | 79.7% | 7.0% | 21.7% | 161.6% | 11.2% |
| R&D / revenue | — | — | — | 0.1% | 4.6% |
| SG&A / revenue | 111.6% | 50.8% | 63.1% | 61.3% | 63.7% |
| Efficiency | |||||
| Days sales outstanding | 354.2 | 197.9 | 52.9 | 42.6 | 64.6 |
| Days of inventory on hand | 12.6 | 8.8 | 21.2 | 15.8 | 12.8 |
| Days payables outstanding | 48.4 | 45.3 | 47.8 | 36.1 | 38.5 |
| Cash conversion cycle (days) | 318.4 | 161.4 | 26.2 | 22.2 | 38.9 |
| Receivables turnover | 1.03 | 1.84 | 6.90 | 8.58 | 5.65 |
| Payables turnover | 7.54 | 8.05 | 7.63 | 10.10 | 9.47 |
| Inventory turnover | 29.02 | 41.46 | 17.26 | 23.16 | 28.46 |
| Asset turnover | 0.29 | 0.56 | 0.74 | 1.14 | 1.29 |
| Average receivables | CN¥266.0M | CN¥148.2M | CN¥26.0M | CN¥23.9M | CN¥29.9M |
| Average payables | CN¥24.9M | CN¥24.3M | CN¥17.8M | CN¥16.7M | CN¥14.9M |
| Average inventory | CN¥6.5M | CN¥4.7M | CN¥7.9M | CN¥7.3M | CN¥5.0M |
| Intangibles / total assets | 0.5% | 7.7% | 14.2% | 10.3% | 17.5% |
Computed from DDC's annual financial statements (latest annual report filed April 21, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
DDC valuation and financial ratios
DDC Enterprise earned a return on equity of −130.8% and a return on invested capital of −35.1% in fiscal 2025. It ended the year with CN¥618.7 million of debt and CN¥151.5 million in cash and short-term investments, net debt of CN¥467.2 million.
See the DDC income statement, the DDC chart for price history, or the DDC stock overview for the latest quote and news.
DDC key metrics FAQ
What is DDC Enterprise's return on equity?
DDC Enterprise's return on equity (ROE) was −130.8% in fiscal 2025: net income of -CN¥356.7 million on average shareholders' equity of CN¥272.7 million.
What is DDC Enterprise's ROIC?
DDC Enterprise's return on invested capital was −35.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does DDC Enterprise have?
DDC Enterprise had total debt of CN¥618.7 million at the end of fiscal 2025, a debt-to-equity ratio of 1.24.
What is DDC Enterprise's current ratio?
DDC Enterprise's current ratio was 0.88 at the end of fiscal 2025: current assets were 0.88 times current liabilities.