Company: DDC
Filing Date: 2025-10-24
Form Type: F-1
Source: 0001213900-25-102214
Chunk: 260

Company: DDC Enterprise Ltd
Filing Date: 2025-10-24
Form: F-1
Chunk 260
---
 |     (170,196,454 | ) |     |  13,205,380 |     |     (156,991,074 | ) |
| Foreign currency translation adjustment, net of nil income  
 taxes                                                       |     |               — |     |         — |     |               — |     |      — |     | —                |     | —      |     |             — |     | —              |   |     |     3,741,578 |   |     |        3,741,578 |   |     |           — |     |        3,741,578 |   |
| Balance as of December 31, 2024                             |     |      78,754,222 |     | 8,984,639 |     |         875,000 |     | 96,589 |     | —                |     | —      |     | 1,984,763,325 |     | (1,814,578,760 | ) |     |  (131,840,166 | ) |     |       47,425,627 |   |     |  34,845,487 |     |       82,271,114 |   |
| Balance as of December 31, 2024 (US$) Note 2(f) (Unaudited) |     |      78,754,222 |     | 1,230,890 |     |         875,000 |     | 13,233 |     | —                |     | —      |     |   271,911,461 |     | (248,596,271   | ) |     |   (18,062,029 | ) |     |        6,497,284 |   |     |   4,773,812 |     |       11,271,096 |   |

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

F-8

DDC ENTERPRISE LIMITED
CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                                                          |     | For the Years Ended December 31, |   |     |              |   |     |              |   |     |             |   |
|                                                                                                          |     |                             2022 |   |     |         2023 |   |     |         2024 |   |     |             |   |
|                                                                                                          |     |                              RMB