Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 251

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 251
---
:

                                                           Merchandise                       Fresh                          Total                   
                                                                                             products                                               
                                                           RMB                               RMB                            RMB                     
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as of January 1, 2022                                               7,184,549                    1,116,904                     8,301,453  
  Additions                                                                  11,585,139                    -                            11,585,139  
  Decrease due to deconsolidation of Farm Entities                                    -                    ( 1,116,904                 ( 1,116,904  
  Balance as of December 31, 2022 and January 1, 2023                        18,769,688                    -                            18,769,688  
  Additions                                                                  29,865,098                    -                            29,865,098  
  Decrease due to deconsolidation of Mengwei                                ( 1,635,431                    -                           ( 1,635,431  
  Impairment for goodwill of Cook SF                                        ( 6,592,220                                                ( 6,592,220  
  Balance as December 31, 2023                                               40,407,135                    -                            40,407,135  

The movement of the impairment for goodwill is
as follows:

                                            For the Years Ended                                       
                                            December 31,                                              
                                            2021                     2022      2023                   
                                            RMB                      RMB       RMB                    
  Balance at the beginning of the year      -                        -         -                      
  Current period provision                                                               ( 6,592,220  
  Balance at the end of the year                                                         ( 6,592,220  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────

Goodwill is not amortized and has been assigned
to reporting units for purposes of impairment testing. Our reporting units are our individual operating segments.

The Company performed the impairment test for the goodwill allocated
to the Merchandise reporting unit and the Fresh products reporting unit and concluded that the impairment for goodwill of RMB6,592,220for Cook SF was noted as December 31, 2023. There was noimpairment for the goodwill as of December 31, 2021 and 2022.

F-57

12. OTHER NON-CURRENT ASSETS

Other non-current assets consisted of the following:

                                                                           As of December