Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 0

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 3
Chunk 0
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Item 3. Key Information

Selected Financial Data

The following selected historical
consolidated statements of operations and comprehensive loss data (other than US$ data) for the years ended December 31, 2023, 2022 and
2021, the selected consolidated balance sheets data (other than US$ data) as of December 31, 2023 and 2022 and the selected consolidated
statements of cash flows data (other than US$ data) for the years ended December 31, 2023, 2022 and 2021 have been derived from the audited
consolidated financial statements included elsewhere in this report. Our financial statements have been prepared in accordance with generally
accepted accounting principles in the United States, or U. S. GAAP.

Our historical results are
not necessarily indicative of results to be expected for any future period. The information is only a summary and should be read in conjunction
with our consolidated financial statements and related notes, and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” contained elsewhere herein.

                                                                                          For the Years Ended December 31,                                                       
                                                                                                                      2021              2022              2023                   
                                                                                                                       RMB               RMB               RMB                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Consolidated statements of operations and comprehensive loss Data:                                                                                                             
  Total revenues                                                                                               205,179,442       179,586,066       205,481,904       28,941,521  
  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        7,247,329  
  Fulfilment expenses                                                                                          (23,967,825       (10,630,884        (7,315,978       (1,030,434  
  Sales and marketing expenses                                                                                 (59,239,750       (20,763,218       (17,440,192       (2,456,400  
  Research and development expenses                                                                               (233,663                 —                 —                —  
  General and administrative expenses                                                                          (66,636,360       (53,543,862       (82,460,706      (