Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 238

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 238
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MENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets as of December 31,
2023 and 2024 consisted of the following:

                                                                         As of December 31,                   
                                                                                       2023      2024         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                        RMB      RMB          
  Receivables of supplier rebates-current                                         2,039,621      2,089,621    
  Value-added tax recoverable                                                       248,801      778,503      
  Prepayment for short-term investment                                           17,688,930      -            
  Receivables of government grants                                                2,023,502      -            
  Deposits                                                                        5,878,679      5,762,505    
  Advances to suppliers                                                          16,988,630      27,423,181   
  Advances for stock repurchase                                                   1,770,675      -            
  Advances for financing services                                                 2,090,000      -            
  Prepayments and other receivables due from YJW and KeKe - current              35,833,936      69,869,229   
  Other receivables due from individuals                                          8,470,589      13,831,607   
  Other receivables due from 3 rd parties                                                 -      22,991,831   
  Other receivables                                                               4,556,034      5,520,757    
  Total                                                                          97,589,397      148,267,234  

F-49

7. PREPAYMENTS AND OTHER CURRENT ASSETS(cont.)

The movement of the allowance for doubtful accounts
is as follows:

                                            For the Years Ended                                       
                                            December 31,                                              
                                            2022                                      2023      2024  
                                            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                                     -                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────

8. LONG-TERM INVESTMENTS

Long-term investments consisted of the following:

                                      As of December 31,                                           
                                      2023                                    2024                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────
                                      R