EX-99.1 2 ea025587301ex99-1_ddccenter.htm PRESS RELEASE DATED SEPTEMBER 4, 2025

Exhibit 99.1

 

DDC Enterprise Limited Announces First Half of 2025 Unaudited Financial Results

 

  - Achieved record net profit of US$5.2 million, compared to the net loss of US$5.2 million for the six months ended June 30, 2024. Changes in the fair value of Bitcoin contributed to US$3.8 million.

 

  - Shareholder equity increased by 202% to US$34.7 million compared to the year ended 31 December, 2024.

 

  - As at the end of the reporting period, the Company held 138 BTC and has been executing on the Bitcoin accumulation strategy. As of the reporting date, DDC’s total Bitcoin holdings reached 1,008 BTC and holdings translate to 0.121298 BTC per 1,000 DDC shares.

 

New York, September 4, 2025 (GLOBE NEWSWIRE) – DDC Enterprise, Limited. (the “Company”, “we” or “DDC”) (NYSE Amex: DDC), today announced its unaudited financial results for the first six months of 2025. (the “Reporting Period”)

 

Operational and Financial Highlights for the First Half of 2025

 

The Company launched its Bitcoin accumulation strategy in the first half of the year and has purchased Bitcoin as part of its long-term investment strategy and purchased 1,008 BTC as of the reporting date.

 

During the reporting period, the Company proactively scaled back its overseas operations in the US market due to lack of profitability and ongoing uncertainties in the Asian food segment. At the same time, the Company completed a joint venture in the China market that is expected to generate net profit totalling US$15.0 million for the coming 5 years. Domestically, China revenue increased steadily by 7.5% to US$15.6 million in the first half of 2025, compared with US$14.5 million in the same period of 2024.

 

Gross profit margin improved to 33% in the first half of 2025, compared to 26% in the same period of 2024 due to stringent supply chain optimization and ongoing cost control.

 

The Company reported a net profit of US$5.2 million in the first half of 2025, compared to the net loss of US$5.2 million in the same period of 2024, which was mainly attributable to improved margin, disciplined cost control and the fair value gain on the Bitcoins at the end of the reporting period.

  

During the reporting period, the Company refinanced approximately US$4.9 million of debt by converting it into Class A Ordinary shares.

  

 

 

 

ABOUT DAYDAYCOOK

 

DDC Enterprise Limited (NYSE: DDC) is spearheading the corporate Bitcoin treasury revolution while maintaining its foundation as a leading global Asian food platform. The Company has strategically positioned Bitcoin as a core reserve asset, executing a bold and accelerating accumulation strategy. While continuing to grow its portfolio of culinary brands, DDC is now at the vanguard of public companies integrating Bitcoin into their financial architecture.

 

Safe Harbor Statement

 

This filing contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “in the process of,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, completion of the reverse split and removal of the trade halt are forward-looking statements. DDC may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about DDC’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: DDC’s Bitcoin strategy, performance of JV’s; DDC’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to DDC’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in DDC’s filings with the SEC. All information provided in this report and in the attachments is as of the date of this report, and DDC undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

Investors:

 

Yujia Zhai
Orange Group
ddc@orangegroupadvisors.com

 

Media: 
pr@ddc.xyz

 

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DDC ENTERPRISE LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/INCOME

 

   For the Six Months Ended June 30, 
   2024   2025 
   RMB   RMB   US$ 
             
Revenues:               
Product revenues   122,513,685    111,909,938    15,622,025 
Service revenues   385,031    -    - 
Total revenues   122,898,716    111,909,938    15,622,025 
                
Cost of products   (91,031,202)   (74,575,130)   (10,410,288)
Cost of services   (81,873)   -    - 
Total cost of revenues   (91,113,075)   (74,575,130)   (10,410,288)
                
Gross profit   31,785,641    37,334,808    5,211,737 
                
Operating expenses:               
Fulfilment expenses   (5,056,932)   (2,877,103)   (401,628)
Sales and marketing expenses   (9,669,218)   (2,517,469)   (351,425)
General and administrative expenses   (33,589,607)   (14,304,907)   (1,996,888)
Share based compensation   (9,240,373)   (3,151,323)   (439,908)
Total operating expenses   (57,556,130)   (22,850,802)   (3,189,849)
                
(Loss)/income from operations   (25,770,489)   14,484,006    2,021,888 
                
Interest expenses   (8,488,238)   (1,173,379)   (163,797)
Interest income   1,419,568    675,860    94,346 
Foreign currency exchange gain/(loss), net   (7,375)   (5,560)   (776)
Other income   142,683    1,162,890    162,333 
Changes in fair value of digital assets   -    27,566,664    3,848,158 
                
(Loss)/income before income tax expenses   (32,703,851)   42,710,481    5,962,152 
                
Income tax expense   (4,042,618)   (5,576,837)   (778,496)
Net (loss)/income   (36,746,469)   37,133,644    5,183,656 
                
Net (loss)/income attributable to ordinary shareholders   (36,746,469)   37,133,644    5,183,656 
                
Net income attributable to non-controlling interest   4,404,877    8,990,337    1,255,003 
                
Net (loss)/income attributable to DDC Enterprise Limited   (41,151,346)   28,143,307    3,928,653 

 

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DDC ENTERPRISE LIMITED
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/INCOME – (Continued)

 

  

For the Six Months Ended June 30,

 
   2024   2025 
   RMB   RMB   US$ 
             
Other comprehensive income, net of nil income taxes:            
Foreign currency translation adjustment, net of nil income taxes   (2,035,230)   (4,334,444)   (605,065)
Net unrealized gains on available-for-sale debt Securities   2,989,431    8,485,964    1,184,595 
                
Total other comprehensive income   954,201    4,151,520    579,530 
                
Comprehensive (loss)/income:   (35,792,268)   41,285,164    5,763,186 
Comprehensive income attributable to non-controlling interests   4,404,877    8,990,337    1,255,003 
                
Comprehensive (loss)/income attributable to DDC Enterprise Limited   (40,197,145)   32,294,827    4,508,183 
                
Net (loss)/income per ordinary share               
— Basic and diluted – Class A   (45.86)   7.41    1.03 
— Basic and diluted – Class B   -           
                
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share               
— Basic and diluted – Class A   897,308    3,798,369    3,798,369 
— Basic and diluted – Class B   875,000    875,000    875,000 

 

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DDC ENTERPRISE LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

 

   December 31,   June 30, 
   2024   2025 
   RMB   RMB   US$ 
             
ASSETS            
Current assets            
Cash and cash equivalents   60,957,156    48,375,196    6,752,917 
Short-term investment   130,055,727    131,338,206    18,334,107 
Accounts receivable, net   33,146,088    25,403,144    3,546,142 
Inventories   4,719,804    3,055,943    426,593 
Prepayments and other current assets   148,267,234    205,716,329    28,716,892 
                
Total current assets   377,146,009    413,888,818    57,776,651 
                
Non-current assets               
Long-term investments   8,490,163    8,490,163    1,185,181 
Property, plant and equipment, net   573,775    475,348    66,356 
Operating lease Right-of-use assets   5,154,258    4,396,733    613,760 
Intangible assets, net   10,894,989    10,013,148    1,397,782 
Goodwill   26,638,707    26,638,707    3,718,620 
Other non-current assets   56,319,547    78,746,814    10,992,631 
Digital assets   -    102,183,472    14,264,263 
                
Total non-current assets   108,071,439    230,944,385    32,238,593 
                
Total assets   485,217,448    644,833,203    90,015,244 

 

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DDC ENTERPRISE LIMITED
UNAUDITED CONSOLIDATED BALANCE SHEETS – (Continued)

 

   December 31,   June 30, 
   2024   2025 
   RMB   RMB   US$ 
             
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Current liabilities            
Short-term bank borrowings   50,500,000    47,440,000    6,622,369 
Current portion of long-term bank borrowings   792,548    514,622    71,838 
Accounts payable   24,308,952    24,836,371    3,467,024 
Contract liabilities   12,377,171    11,178,152    1,560,410 
Shareholder loans, at amortized cost   84,342,862    66,017,666    9,215,711 
Amounts due to related parties   491,089    491,089    68,553 
Accrued expenses and other current liabilities   192,237,718    195,710,852    27,320,183 
Current portion of lease liabilities   2,037,862    1,652,552    230,687 
Current portion of finance lease liabilities   29,847    29,847    4,166 
Convertible loans, at amortized cost   3,500,000    3,500,000    488,581 
                
Total current liabilities   370,618,049    351,371,151    49,049,522 
                
Non-current liabilities               
Long-term bank borrowings   4,463,550    4,509,229    629,464 
Operating lease liabilities   3,584,743    3,283,462    458,354 
Convertible loans, at fair value   10,076,081    23,473,345    3,276,753 
Deferred tax liabilities   3,798,357    3,174,500    443,143 
Other non-current liabilities   10,405,554    10,405,554    1,452,559 
                
Total non-current liabilities   32,328,285    44,846,090    6,260,273 
                
Total liabilities   402,946,334    396,217,241    55,309,795 

 

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DDC ENTERPRISE LIMITED
UNAUDITED CONSOLIDATED BALANCE SHEETS – (Continued)

 

   December 31,   June 30, 
   2024   2025 
   RMB   RMB   US$ 
             
Shareholders’ equity            
Class A ordinary shares (US$0.4 par value per share, 8,000,000 shares and 200,000,000 shares authorized as of December 31, 2024 and June 30, 2025, respectively; 3,150,169 shares and 8,307,583 shares issued and outstanding as of December 31, 2024 and June 30, 2025, respectively)   8,984,639    21,717,617    3,031,662 
Class B ordinary shares (US$0.016 par value per share, 875,000 shares and 1,750,000 shares authorized as of December 31, 2024 and June 30, 2025, respectively; 875,000 shares issued and outstanding as of December 31, 2024 and June 30, 2025, respectively)   96,589    96,589    13,483 
Additional paid-in-capital   1,984,763,325    2,097,090,031    292,742,480 
Accumulated deficit   (1,814,578,760)   (1,786,435,453)   (249,376,773)
Accumulated other comprehensive loss   (131,840,166)   (127,688,646)   (17,824,648)
Total shareholders’ equity attributable to DDC Enterprise Limited   47,425,627    204,780,138    28,586,204 
                
Non-controlling interest   34,845,487    43,835,824    6,119,245 
                
Total shareholders’ equity   82,271,114    248,615,962    34,705,449 
                
Total liabilities and shareholders’ equity   485,217,448    644,833,203    90,015,244 

 

 

 

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