DDC Enterprise Limited(DDC)Earnings, Financials & Key Ratios
DDC•AMEX
$1.58
$1M mkt cap·Price updated May 6, 2026
AboutDDC Enterprise Limited provides ready-to-heat, ready-to-cook, and plant-based meal products. It also provides advertising services; and marketplace, advertising, and content distribution and placement services to third-party brands and products. The company was incorporated in 2012 and is based in Sheung Wan, Hong Kong.Show more
- Revenue$273M+33.0%
- EBITDA-$133M+29.2%
- Net Income-$170M-9.5%
- EPS (Diluted)-16.50+91.5%
- Gross Margin28.41%+13.4%
- EBITDA Margin-48.57%+46.8%
- Operating Margin-50.28%+45.9%
- Net Margin-62.27%+17.7%
- ROE-227.66%+1.5%
- ROIC-53.73%+36.3%
- Debt/Equity2.34-13.3%
- Interest Coverage-8.21+47.7%
DDC Key Insights
DDC Enterprise Limited (DDC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.3x
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗Shares diluted 73.2% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DDC Price & Volume
DDC Enterprise Limited (DDC) stock price & volume — 10-year historical chart
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DDC Growth Metrics
DDC Enterprise Limited (DDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years10.03%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-231.45%
5 Years-231.45%
3 Years-235%
Last Year-100.26%
DDC Peer Comparison
DDC Enterprise Limited (DDC) competitors in Frozen and refrigerated prepared foods — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GOTU | 759.78M | 1.97 | -4.87 | 55.99% | -6.4% | -21.76% | 0.25 | |
 COE | 2.51M | 26.00 | -0.36 | 86.98% | -13.42% | |||
 EDU | 8.96B | 56.30 | 24.48 | 13.6% | 7.37% | 9.09% | 0.20 | |
 TAL | 773.5M | 11.44 | 9.08 | 51.22% | 6.45% | 4.72% | 0.09 | |
 DAO | 362.86M | 11.60 | 3.56% | 1.82% | ||||
 FEDU | 2.23M | 10.50 | 18.84 | 100.15% | 0.32% | 0.16% | 0.19 | |
 BIDU | 49.17B | 140.59 | 14.54 | -1.09% | 6.9% | 3.13% | 0.28 | |
 TCOM | 35.57B | 54.45 | 14.98 | 19.73% | 52.16% | 18.34% | 0.28 |
Compare DDC vs Peers
DDC Enterprise Limited (DDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DDC Income Statement
DDC Enterprise Limited (DDC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 169.14M | 205.18M | 179.59M | 205.48M | 273.33M | 271.87M |
| Revenue Growth % | - | 21.31% | -12.47% | 14.42% | 33.02% | - |
| Cost of Goods Sold | 141.3M | 168.72M | 135.66M | 154.03M | 195.69M | 204.17M |
| COGS % of Revenue | 83.54% | 82.23% | 75.54% | 74.96% | 71.59% | - |
| Gross Profit | 27.84M▲ 0% | 36.46M▲ 31.0% | 43.93M▲ 20.5% | 51.46M▲ 17.1% | 77.64M▲ 50.9% | 67.7M▲ 0% |
| Gross Margin % | 16.46% | 17.77% | 24.46% | 25.04% | 28.41% | - |
| Gross Profit Growth % | - | 30.96% | 20.49% | 17.14% | 50.89% | - |
| Operating Expenses | 124.58M | 150.08M | 123.93M | 242.54M | 215.09M | 266.41M |
| OpEx % of Revenue | 73.66% | 73.14% | 69.01% | 118.03% | 78.69% | - |
| Selling, General & Admin | 107.68M | 125.88M | 113.3M | 183.76M | 138.82M | 206.58M |
| SG&A % of Revenue | 63.66% | 61.35% | 63.09% | 89.43% | 50.79% | - |
| Research & Development | 7.82M | 233.66K | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 4.62% | 0.11% | - | - | - | - |
| Other Operating Expenses | 9.09M | 23.97M | 10.63M | 58.77M | 76.27M | 2.25M |
| Operating Income | -96.74M▲ 0% | -113.62M▼ 17.4% | -80M▲ 29.6% | -191.08M▼ 138.8% | -137.44M▲ 28.1% | -198.71M▲ 0% |
| Operating Margin % | -57.2% | -55.38% | -44.55% | -92.99% | -50.28% | - |
| Operating Income Growth % | - | -17.44% | 29.59% | -138.84% | 28.07% | - |
| EBITDA | -90.43M | -108.51M | -76.46M | -187.54M | -132.77M | -165.05M |
| EBITDA Margin % | -53.46% | -52.89% | -42.58% | -91.27% | -48.57% | - |
| EBITDA Growth % | - | -19.99% | 29.54% | -145.27% | 29.2% | - |
| D&A (Non-Cash Add-back) | 6.32M | 5.11M | 3.54M | 3.54M | 4.67M | 1.45M |
| EBIT | -108.82M | -435.02M | -88.31M | -138.2M | -133.11M | -151.28M |
| Net Interest Income | -6.99M | -22.83M | -30.36M | -9.62M | -13.49M | -15.26M |
| Interest Income | 10.36K | 9.78K | 465.16K | 2.56M | 3.25M | 2.81M |
| Interest Expense | 7M | 22.84M | 30.83M | 12.18M | 16.74M | 18.07M |
| Other Income/Expense | -19.07M | -344.25M | -39.13M | 40.7M | -12.4M | 35.99M |
| Pretax Income | -115.81M▲ 0% | -457.87M▼ 295.3% | -119.13M▲ 74.0% | -150.38M▼ 26.2% | -149.85M▲ 0.4% | -162.72M▲ 0% |
| Pretax Margin % | -68.47% | -223.15% | -66.34% | -73.18% | -54.82% | -59.85% |
| Income Tax | -1.37M | 816.87K | 3.12M | 5M | 7.14M | 5M |
| Effective Tax Rate % | 1.18% | -0.18% | -2.62% | -3.33% | -4.77% | -3.07% |
| Net Income | -113.5M▲ 0% | -454.35M▼ 300.3% | -122.03M▲ 73.1% | -155.38M▼ 27.3% | -170.2M▼ 9.5% | -194.41M▲ 0% |
| Net Margin % | -67.1% | -221.44% | -67.95% | -75.62% | -62.27% | - |
| Net Income Growth % | - | -300.31% | 73.14% | -27.34% | -9.53% | - |
| Net Income (Continuing) | -114.44M | -458.68M | -122.25M | -155.38M | -156.99M | -167.72M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4.57M | 236.67K | 14.43M | 21.64M | 34.85M | 21.64M |
| EPS (Diluted) | -8.55▲ 0% | -1096.66▼ 12726.4% | -303.33▲ 72.3% | -193.96▲ 36.1% | -16.50▲ 91.5% | -▲ 0% |
| EPS Growth % | - | -12726.43% | 72.34% | 36.06% | 91.49% | - |
| EPS (Basic) | -8.55 | -1096.66 | -303.33 | -193.96 | -16.50 | - |
| Diluted Shares Outstanding | 806.33K | 806.33K | 806.33K | 836.13K | 1.45M | 836.13K |
| Basic Shares Outstanding | 806.33K | 806.33K | 806.33K | 836.13K | 1.45M | 836.13K |
| Dividend Payout Ratio | - | - | - | - | - | - |
DDC Balance Sheet
DDC Enterprise Limited (DDC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 97.73M | 119.47M | 155.64M | 320.46M | 377.15M | 320.46M |
| Cash & Short-Term Investments | 24.47M | 13.49M | 26.8M | 182.88M | 191.01M | 182.88M |
| Cash Only | 24.47M | 13.49M | 26.8M | 78.79M | 60.96M | 78.79M |
| Short-Term Investments | 0 | 0 | 0 | 104.09M | 130.06M | 104.09M |
| Accounts Receivable | 29.92M | 17.93M | 34.15M | 82.68M | 148.23M | 82.68M |
| Days Sales Outstanding | 64.58 | 31.89 | 69.4 | 146.87 | 197.94 | 65.34 |
| Inventory | 4.97M | 9.61M | 6.12M | 9.98M | 4.72M | 9.98M |
| Days Inventory Outstanding | 12.83 | 20.78 | 16.45 | 23.66 | 8.8 | 13.34 |
| Other Current Assets | 34.16M | 63.76M | 70.1M | 497.11K | 0 | 497.11K |
| Total Non-Current Assets | 33.1M | 109.04M | 99.74M | 120.49M | 108.07M | 120.49M |
| Property, Plant & Equipment | 5.83M | 4.17M | 6.64M | 6.77M | 5.73M | 6.77M |
| Fixed Asset Turnover | 28.99x | 49.23x | 27.04x | 30.34x | 47.72x | 39.14x |
| Goodwill | 6.67M | 8.3M | 18.77M | 47M | 26.64M | 47M |
| Intangible Assets | 16.28M | 15.21M | 17.44M | 9.43M | 10.89M | 9.43M |
| Long-Term Investments | 2.46M | 51.75M | 22.44M | 14.14M | 8.49M | 59.48M |
| Other Non-Current Assets | 1.85M | 29.61M | 34.44M | 43.15M | 56.32M | 126.26M |
| Total Assets | 130.82M▲ 0% | 228.5M▲ 74.7% | 255.38M▲ 11.8% | 440.94M▲ 72.7% | 485.22M▲ 10.0% | 440.94M▲ 0% |
| Asset Turnover | 1.29x | 0.90x | 0.70x | 0.47x | 0.56x | 0.84x |
| Asset Growth % | - | 74.67% | 11.76% | 72.66% | 10.04% | 72.66% |
| Total Current Liabilities | 198.27M | 177.04M | 261.79M | 281.38M | 370.62M | 281.38M |
| Accounts Payable | 14.91M | 18.5M | 17.05M | 20.79M | 24.31M | 20.79M |
| Days Payables Outstanding | 38.52 | 40.02 | 45.86 | 49.28 | 45.34 | 34.02 |
| Short-Term Debt | 131.82M | 85.73M | 118.81M | 100.78M | 172.27M | 100.78M |
| Deferred Revenue (Current) | 3.33M | 3.48M | 6.95M | 14.55M | 13.29M | 29.49M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 0.49x | 0.67x | 0.59x | 1.14x | 1.02x | 1.02x |
| Quick Ratio | 0.47x | 0.62x | 0.57x | 1.10x | 1.00x | 1.00x |
| Cash Conversion Cycle | 38.88 | 12.65 | 39.99 | 121.25 | 161.4 | 44.66 |
| Total Non-Current Liabilities | 584.47M | 1.24B | 1.48B | 92.32M | 32.33M | 92.32M |
| Long-Term Debt | 56.33M | 58.53M | 81.67M | 73.91M | 14.54M | 73.91M |
| Capital Lease Obligations | 0 | 0 | 4.82M | 4.08M | 3.58M | 13.57M |
| Deferred Tax Liabilities | 1.82M | 3.19M | 3.4M | 3.83M | 3.8M | 9.06M |
| Other Non-Current Liabilities | 526.33M | 1.18B | 4.16M | 10.49M | 10.41M | 21.94M |
| Total Liabilities | 782.74M | 1.41B | 1.74B | 373.69M | 402.95M | 373.69M |
| Total Debt | 188.15M | 144.26M | 206.71M | 181.47M | 192.46M | 181.47M |
| Net Debt | 163.68M | 130.77M | 179.91M | 102.68M | 131.5M | 102.68M |
| Debt / Equity | - | - | - | 2.70x | 2.34x | 2.34x |
| Debt / EBITDA | - | - | - | - | - | -1.10x |
| Net Debt / EBITDA | - | - | - | - | - | -0.62x |
| Interest Coverage | -13.83x | -4.97x | -2.60x | -15.69x | -8.21x | -8.37x |
| Total Equity | -651.92M▲ 0% | -1.19B▼ 82.0% | -1.49B▼ 25.4% | 67.25M▲ 104.5% | 82.27M▲ 22.3% | 67.25M▲ 0% |
| Equity Growth % | - | -81.97% | -25.39% | 104.52% | 22.34% | 104.52% |
| Book Value per Share | -808.50 | -1471.24 | -1844.78 | 80.43 | 56.80 | 80.43 |
| Total Shareholders' Equity | -656.49M | -1.19B | -1.5B | 45.61M | 47.43M | 45.61M |
| Common Stock | 187.1K | 642.83K | 681.55K | 2.33M | 9.08M | 2.33M |
| Retained Earnings | -736.74M | -1.28B | -1.48B | -1.64B | -1.81B | -1.64B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 21.5M | 37.4M | -83.13M | -135.58M | -131.84M | -135.58M |
| Minority Interest | 4.57M | 236.67K | 14.43M | 21.64M | 34.85M | 21.64M |
DDC Cash Flow Statement
DDC Enterprise Limited (DDC) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -48.75M | -91.43M | -37.08M | -37.08M | -112.91M | -112.91M |
| Operating CF Margin % | -28.82% | -44.56% | -20.65% | -18.05% | -41.31% | - |
| Operating CF Growth % | - | -87.52% | 59.44% | 0% | -204.47% | 56.99% |
| Net Income | -113.5M | -454.35M | -122.25M | -122.25M | -156.99M | -190.54M |
| Depreciation & Amortization | 6.32M | 5.11M | 3.54M | 3.54M | 4.67M | 6.1M |
| Stock-Based Compensation | 0 | 0 | 38.99M | 38.99M | 19.14M | 43.46M |
| Deferred Taxes | -1.37M | 814.88K | -601.74K | -601.74K | -5.17M | -1.12M |
| Other Non-Cash Items | 19.14M | 340.91M | 38.89M | 38.89M | 99.5M | 81.09M |
| Working Capital Changes | 40.66M | 16.09M | 4.34M | 4.34M | -74.06M | -3.23M |
| Change in Receivables | 7.88M | -2.73M | -21.01M | -21.01M | -4.49M | -23.73M |
| Change in Inventory | 2.85M | -5.84M | 3.22M | 3.22M | 4.14M | 11.32M |
| Change in Payables | -506.35K | 3.59M | 667.97K | 667.97K | -9.36M | -10.06M |
| Cash from Investing | -13.01M | -8.36M | -444.63K | -444.63K | -10.86M | -1.77M |
| Capital Expenditures | -549.97K | -179.21K | -191.63K | -191.63K | -380.7K | -269.15K |
| CapEx % of Revenue | 0.33% | 0.09% | 0.11% | 0.09% | 0.14% | - |
| Acquisitions | 0 | -12.85M | 95.24K | 95.24K | -10.55M | -1.15M |
| Investments | - | - | - | - | - | - |
| Other Investing | -10M | 10.02M | 0 | 0 | 75.8K | 0 |
| Cash from Financing | 76.85M | 115.76M | 51.35M | 51.35M | 104.27M | 91.47M |
| Debt Issued (Net) | 50.52M | 33.54M | 51.94M | 51.94M | 89.29M | 92.64M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 26.33M | 513.32K | -585.47K | -213.75M | 0 | -214.34M |
| Net Change in Cash | 11.86M▲ 0% | 18.63M▲ 57.1% | 19.65M▲ 5.5% | 19.65M▲ 0.0% | -17.83M▼ 190.7% | 47.03M▲ 0% |
| Free Cash Flow | -49.3M▲ 0% | -91.6M▼ 85.8% | -37.27M▲ 59.3% | -37.27M▲ 0.0% | -113.29M▼ 203.9% | -64.51M▲ 0% |
| FCF Margin % | -29.15% | -44.65% | -20.76% | -18.14% | -41.45% | - |
| FCF Growth % | - | -85.8% | 59.31% | 0% | -203.93% | - |
| FCF per Share | -61.15 | -113.61 | -46.23 | -44.58 | -78.22 | -78.22 |
| FCF Conversion (FCF/Net Income) | 0.43x | 0.20x | 0.30x | 0.24x | 0.66x | 0.33x |
| Interest Paid | 6.55M | 3.75M | 4.91M | 14.1M | 9.55M | 17.25M |
| Taxes Paid | 2.63K | 22.32K | 235.55K | 208.47K | 0 | 234.03K |
DDC Key Ratios
DDC Enterprise Limited (DDC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -231.06% | -227.66% | 19.22% |
| Return on Invested Capital (ROIC) | - | - | -84.34% | -53.73% | -53.73% |
| Gross Margin | 17.77% | 24.46% | 25.04% | 28.41% | 24.9% |
| Net Margin | -221.44% | -67.95% | -75.62% | -62.27% | -71.51% |
| Debt / Equity | - | - | 2.70x | 2.34x | 2.34x |
| Interest Coverage | -4.97x | -2.60x | -15.69x | -8.21x | -8.37x |
| FCF Conversion | 0.20x | 0.30x | 0.24x | 0.66x | 0.33x |
| Revenue Growth | 21.31% | -12.47% | 14.42% | 33.02% | - |
DDC Frequently Asked Questions
DDC Enterprise Limited (DDC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
DDC Enterprise Limited (DDC) reported $273.3M in revenue for fiscal year 2024. This represents a 62% increase from $169.1M in 2020.
DDC Enterprise Limited (DDC) grew revenue by 33.0% over the past year. This is strong growth.
DDC Enterprise Limited (DDC) reported a net loss of $170.2M for fiscal year 2024.
Dividend & Returns
DDC Enterprise Limited (DDC) has a return on equity (ROE) of -227.7%. Negative ROE indicates the company is unprofitable.
DDC Enterprise Limited (DDC) had negative free cash flow of $113.3M in fiscal year 2024, likely due to heavy capital investments.
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DDC Enterprise Limited (DDC) financial analysis — history, returns, DCA and operating performance tools
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Revenue History
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