Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 106

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 5
Chunk 106
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 our M& A strategy may not identify
M& A candidates and acquisitions that are completed may not be successfully integrated into our operations and may not produce significant
international revenues. On December 26, 2023, we entered into an agreement to purchase Yai’s Thai, Inc., a leading Thai American
food brand and the acquisition was completed in January 2024 and helped us on the expansion in the U. S. market. On June 12, 2024, we acquired
Omsom, an Asian food brand that has quickly garnered a devoted following for its Cooking Sauces, Saucy Noodles, and bold cultural commentary.

The following table sets forth
a summary of our consolidated statements of operations for the periods indicated.

                                                                                          For the Year Ended                                                       
                                                                                                December 31,                                                       
                                                                                                        2021              2022              2023                   
                                                                                                         RMB               RMB               RMB                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Online consumer product sales                                                                  148,570,430        67,016,645        30,811,746        4,339,744  
  Offline consumer product sales                                                                  42,819,538       109,403,748       173,783,356       24,476,874  
  Revenues from collaborative arrangements                                                         8,244,967         1,867,042                 —                —  
  Advertising service                                                                              3,413,183           870,580           886,802          124,903  
  Experience stores                                                                                2,131,324           428,051                 —                —  
  Total Revenues                                                                                 205,179,442       179,586,066       205,481,904       28,941,521  
  Cost of products                                                                              (164,541,069      (134,462,728      (153,316,804      (21,594,221  
  Cost of services                                                                                (4,180,765        (1,196,469          (709,787          (99,971  
  Total Cost of revenues                                                                        (168,721,834      (135,659,197      (154,026,591      (21,694,192  
  Gross profit                                                                                    36,457,608        43,926,869        51,455,313        7,