Company: DDC
Filing Date: 2025-01-28
Form Type: 20-F
Source: 0001213900-25-007160
Chunk: 201

Company: DDC Enterprise Ltd
Filing Date: 2025-01-28
Form: 20-F
Item: Item 19
Chunk 201
---
          -                          1,072,031      -                     1,072,031  
  Share-based                                                                               -               -              80,272,397         -                         80,272,397      -                    80,272,397  
  Business                                                                                  196,044         22,398         11,876,510         -                         11,898,908      1,309,393            13,208,301  
  Acquisition                                                                               -               -              ( 1,538,381        -                        ( 1,538,381      1,538,381                     -  
  Accretion                                                                                 -               -              ( 110,112,796      -                      ( 110,112,796      -                 ( 110,112,796  
  Net                                                                                       -               -              -                  ( 166,341,733          ( 166,341,733      4,366,045         ( 161,975,688  
  Foreign                                                                                   -               -              -                  -                       ( 52,449,470      -                  ( 52,449,470  
  Other                                                                                     ( 15            -              -                  -                                  -      -                             -  
  Balance                                                                                   20,028,168      2,230,296      1,816,654,303      ( 1,644,382,306           39,017,138      21,640,107           60,657,245  
  Balance as of                                                                             20,028,168      314,131        255,870,407        ( 231,606,404              5,495,449      3,047,945             8,543,394  

The accompanying
notes are an integral part of these consolidated financial statements.

F-11

DDC ENTERPRISE
LIMITED

CONSOLIDATED
STATEMENTS OF CASH FLOWS

                                                                                                                For the Years Ended December 31,                                                          
                                                                                                                                            2021               2022                                       
                                                                                                                                             RMB                RMB                                  US$  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                                                                                               Note 2(f)  
                                                                                                                                                                                             (Unaudited)  
  Operating activities:                                                                                                                                                                                   
  Net loss                                                                                                                         ( 458,683,434      ( 122,248