Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 107

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 5
Chunk 107
---
        (5,004,766         (704,907  
  Net loss                                                                                      (458,683,434      (122,248,608      (161,975,688      (22,813,801  

Key Components of Our Results of Operations

Revenues

We are a China-based Business-to-Business
(“ B2B”) and Business-to-Consumer (“ B2C”) content streaming and product marketplace offering easy, convenient RTC,
RTH and RTE meals. We also offer plant-based meal products promoting healthier lifestyle choices to our predominately Millennial and GenZ
customer-base.

The following table sets forth
types of our revenue for the periods indicated:

                                                For the Year Ended December 31,                                                    
                                                                           2021             2022      2023                         
                                                                            RMB              RMB      RMB                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Ready to heat (“ RTH”)                                             56,786,910       16,381,564      4,758,751        670,256     
  Ready to cook (“ RTC”)                                                856,254        2,545,547      10,783,121       1,518,771   
  Ready to eat (“ RTE”) & Plant base                                 39,643,744       34,115,276      58,623,131       8,256,895   
  Private label products                                             80,108,791      121,656,429      130,430,099      18,370,696  
  Fresh products                                                     13,994,269        1,721,577      —                —           
  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      —                —           
  Revenues                                                          205,179,442      179,586,066      205,481,904      28,941,521  

The following table further
elaborates our revenue by channels for the periods indicated:

                                                For the Year Ended                                                                                         
                                                December 31,                                                                                               
                                                2021                                     2022                       2023                                   
                                                RMB                                      RMB                        R