DDCNYSEFood and Kindred ProductsFiscal year ends December 31
DDC Enterprise Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 21, 2026
$0.14−0.01 (-5.36%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
31.4%
Operating margin
-90.0%
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.3% | +15.1% | – | – | |
| Gross profit | +11.0% | +25.2% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | – | 0.88 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | -12.1× | |
| Inventory turnover | – | – | 29.0× | |
| Capex to revenue | – | – | 0.0% |
Where the cash went
Fiscal 2021 to 2025, five years combined
DDC Enterprise generated CN¥481.39M from operations and spent CN¥985.23K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥481.39M
Used
CN¥985.23K
Capital expenditureCN¥985.23K100%DividendsCN¥00%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-78.8%
×Asset turnover0.60×
×Equity multiplier-0.47×
=Return on equity, FY202322.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -78.8% | 0.60× | -0.47× | 22.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 4 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-CN¥277.60M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-CN¥277.60M vs –
- Less leverageLong-term debt to assets fell0.9% → –
- Better liquidityCurrent ratio rose1.02 → 0.88
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year28.41% → 31.44%
- More efficientAsset turnover rose0.63 → 0.56