Company: DDC
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043916
Chunk: 0

Company: DDC Enterprise Ltd
Filing Date: 2025-05-15
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, 2024, 2023 and 2022, the selected consolidated balance
sheets data (other than US$ data) as of December 31, 2024 and 2023 and the selected consolidated statements of cash flows data (other
than US$ data) for the years ended December 31, 2024, 2023 and 2022 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,                                                       
                                                                                                                      2022              2023              2024                   
                                                                                                                       RMB               RMB               RMB                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Consolidated statements of operations and comprehensive loss Data:                                                                                                             
  Total revenues                                                                                               179,586,066       205,481,904       273,333,957       37,446,599  
  Total cost of revenues                                                                                      (135,659,197      (154,026,591      (195,691,265      (26,809,595  
  Gross profit                                                                                                  43,926,869        51,455,313        77,642,692       10,637,004  
  Fulfilment expenses                                                                                          (10,630,884        (7,315,978        (7,969,100       (1,091,762  
  Sales and marketing expenses                                                                                 (20,763,218       (17,440,192       (20,916,582       (2,865,560  
  General and administrative expenses                                                                          (53,543,862       (82,460,706       (99,124,765      (13,580,037  
  Impairment loss on goodwill                                                                                            —        (6,592