Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 244

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 244
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 2022 and 2023.

For the years ended December 31, 2021, 2022 and
2023, the Company received insurance proceeds of RMB1.2million, RMB0.5million and nilfor claims of unharvested crop. These insurance
proceeds are included as a reduction to “cost of revenues” in the consolidated statements of operations and comprehensive
loss.

7. PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets as of December 31,
2022 and 2023 consisted of the following:

                                                                         As of December 31,                  
                                                                         2022                          2023  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                         RMB                            RMB  
  Receivables of supplier rebates-current                                3,661,334                2,039,621  
  Value-added tax recoverable                                            5,405                      248,801  
  Prepayment for short-term investment                                   -                       17,688,930  
  Receivables of government grants                                       -                        2,023,502  
  Deposits                                                               759,608                  5,878,679  
  Advances to suppliers                                                  8,792,453               16,988,630  
  Advances for stock repurchase                                          -                        1,770,675  
  Advances for financing services                                        -                        2,090,000  
  Prepayments and other receivables due from YJW and KeKe - current      8,922,423               35,833,936  
  Other receivables due from individuals                                 -                        8,470,589  
  Other receivables                                                      3,573,665                4,556,034  
  Total                                                                  25,714,888              97,589,397  

F-51

7. PREPAYMENTS AND OTHER CURRENT ASSETS(cont.)

The movement of the allowance for doubtful accounts
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                                                     4,262,335              
  Write-offs                                                                   ( 4,262,335            
  Balance at the end of the year                                               -                      
 ─────────────────────────────────────────────────────────────────