# EDGAR Filing Document

**Accession Number:** 0001854545
**File Stem:** 0000950170-25-110798
**Filing Date:** 2025-8
**Character Count:** 34651
**Document Hash:** 1ee2f2f24a0a55e2fac198a5024310b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-110798.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0000950170-25-110798

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250822

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dingdong (Cayman) Ltd
- **CENTRAL INDEX KEY:** 0001854545
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40533
- **FILM NUMBER:** 251242157

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 6 BUILDING
- **STREET 2:** 500 LANE, SHENGXIA ROAD
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201210
- **BUSINESS PHONE:** 86 021 68585011

**MAIL ADDRESS:**
- **STREET 1:** NO. 6 BUILDING
- **STREET 2:** 500 LANE, SHENGXIA ROAD
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201210

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**UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**

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**FORM 6-K**

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**REPORT OF FOREIGN PRIVATE ISSUER<br>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER<br>THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Commission File Number: 001-40533**

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**Dingdong (Cayman) Limited**

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**Building T4, Zhangjiang Science Gate,** 

**Lane 188 Yuren Road**

**Shanghai, 200120**

**People's Republic of China** 

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ⌧ Form 40-F ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ◻

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**Exhibit Index**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>Exhibit 99.1</u> | [<u>Dingdong (Cayman) Limited Announces Second Quarter 2025 Financial Results</u>](#ole_link4) |

---

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| Dingdong (Cayman) Limited | Dingdong (Cayman) Limited |
| By: | /s/ Changlin Liang |
| Name: | Changlin Liang |
| Title: | Director and Chief Executive Officer |

---

Date: August 22, 2025

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Exhibit 99.1

**Dingdong (Cayman) Limited Announces Second Quarter 2025 Financial Results** 

**SHANGHAI, August 21, 2025** — Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended June 30, 2025.

**Second Quarter 2025 Highlights:** 

• **GMV** for the second quarter of 2025 increased by 4.5% year over year to RMB6,499.4 million (US$907.3 million) from RMB6,218.7 million in the same quarter of 2024, positive year-on-year growth for six straight quarters.

• **Total number of orders** increased by 5.5% year over year in the second quarter of 2025.

• **Net income** for the second quarter of 2025 increased by 59.7% year over year to RMB107.2 million (US$15.0 million) from RMB67.1 million in the same quarter of 2024, the sixth consecutive quarter of profitability.

• **Non-GAAP net income** for the second quarter of 2025 increased by 23.9% year over year to RMB127.8 million (US$17.8 million) from RMB103.1 million in the same quarter of 2024, the eleventh consecutive quarter of non-GAAP profitability.

Mr. Changlin Liang, Founder and Chief Executive Officer of Dingdong, stated, "As of the second quarter of 2025, Dingdong has achieved eleven straight quarters of non-GAAP profitability and six straight quarters of GAAP profitability, along with six consecutive quarters of positive year-over-year revenue growth. This consistent growth in scale and profitability not only shows that we have overcome the challenge of survival but also proves the resilience and execution capabilities of the Dingdong team, laying a strong foundation for the next phase of higher-quality growth. By the end of the second quarter, Dingdong's 4G strategy—centered on "good users, good products, good service, and good mindshare"—had been in place for six months. While the Company is still transforming, it has achieved steady year-over-year growth. Additionally, through adjustments in production relations and productivity improvements, the 4G strategy has already begun to show results. The Company remains focused on developing high-quality products, aiming to create more offerings that are well-received, commercially successful, and distinctive. Our principle is "Where others fall short, we deliver. Where others deliver, we excel. Where others excel, we redefine." Operational metrics aligned with the 4G strategy continue to improve steadily."

Mr. Song Wang, Chief Financial Officer of Dingdong, stated, "In the second quarter of 2025, Dingdong generated revenue of RMB5.98 billion, a 6.7% year-on-year increase, marking six consecutive quarters of positive growth. Non-GAAP net profit reached RMB127.8 million, with a net margin of 2.1%, up 0.3 percentage points year-on-year. GAAP net profit was RMB107.2 million, with a net margin of 1.8%, an increase of 0.6 percentage points. In terms of funds, the second quarter recorded a net cash inflow of RMB101.4 million from operating activities, the eighth straight quarter of positive cash flow. By the end of the second quarter, after deducting short-term borrowings, our actual cash owned increased to RMB2.95 billion. Dingdong has been focused on the instant retail and fresh grocery e-commerce sectors for over eight years. Our ongoing profitability and rising cash flow reinforce our commitment to the value proposition "narrow and deep." Despite external changes, we will remain fully dedicated to the fresh grocery vertical, investing continuously in high-quality products and supply chains, following our unique path."

**Second Quarter 2025 Financial Results** 

**Total revenues** were RMB5,975.9 million (US$834.2 million) compared with total revenues of RMB5,599.0 million in the same quarter of 2024, increased by 6.7% year over year, primarily due to the rise of number of orders resulting from rise in the average monthly number of transacting users and higher monthly order frequency, and new opened frontline fulfillment stations with density and market penetration improved in East China. The increase was offset by suspension of operations for a number of stations in the last three quarters of 2024, and the impact of the decline in CPI prices of certain categories in the second quarter of 2025.

• **Product Revenues** were RMB5,893.7 million (US$822.7 million) compared with product revenues of RMB5,517.9 million in the same quarter of 2024, increased by 6.8% year over year.

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Exhibit 99.1

• **Service Revenues** were RMB82.1 million (US$11.5 million) compared with service revenues of RMB81.1 million in the same quarter of 2024, increased by 1.3% year over year .

**Total operating costs and expenses** were RMB5,980.1 million (US$834.8 million) compared with RMB5,612.8 million in the same quarter of 2024, with a detailed breakdown as below:

• **Cost of goods sold** was RMB4,255.2 million (US$594.0 million), an increase of 8.6% from RMB3,919.4 million in the same quarter of 2024. Cost of goods sold as a percentage of revenues increased to 71.2% from 70.0% in the same quarter of 2024. Gross margin decreased to 28.8% from 30.0% in the same quarter of 2024. The cost implications arising from product listing and delisting due to the implementation of 4G strategy of "good users, good products, good services, and good mindshare".

• **Fulfillment expenses** were RMB1,297.3 million (US$181.1 million), an increase of 3.5% from RMB1,252.9 million in the same quarter of 2024. Fulfillment expenses as a percentage of total revenues decreased to 21.7% from 22.4% in the same quarter of 2024.

• **Sales and marketing expenses** were RMB102.9 million (US$14.4 million), a decrease of 20.6% from RMB129.7 million in the same quarter of 2024. Sales and marketing expenses as a percentage of total revenues decreased to 1.7% from 2.3% in the same quarter of 2024. The traffic and promotional effects generated by the Good Products Strategy have replaced some of the original marketing campaigns, thereby saving corresponding expenses.

• **General and administrative expenses** were RMB122.9 million (US$17.2 million), an increase of 13.6% from RMB108.2 million in the same quarter of 2024, mainly due to the increase of staff cost.

• **Product development expenses** were RMB201.8 million (US$28.2 million), a slightly decrease of 0.4% from RMB202.7 million in the same quarter of 2024. While advocating for energy and resource saving, we will continue to invest in our product development capabilities, agricultural technology, data algorithms, and other technology infrastructure such as the AI technical capability, to further enhance our competitiveness.

**Net income from operations** was RMB81.6 million (US$11.4 million), compared with net income from operations of RMB53.6 million in the same quarter of 2024.

**Non-GAAP income from operations**, which is a non-GAAP measure for loss from operations that excludes share-based compensation expenses, was RMB102.2 million (US$14.3 million), increased by 14.1% year over year, compared with Non-GAAP income from operations of RMB89.6 million in the same quarter of 2024.

**Net income** was RMB107.2 million (US$15.0 million), compared with net income of RMB67.1 million in the same quarter of 2024.

**Non-GAAP net income**, which is a non-GAAP measure that excludes share-based compensation expenses, was RMB127.8 million (US$17.8 million), increased by 23.9% year over year, compared with non-GAAP net income of RMB103.1 million in the same quarter of 2024. In addition, non-GAAP net income margin, which is the Company's non-GAAP net income as a percentage of total revenues, was 2.1% compared with 1.8% in the same quarter of 2024.

**Basic and diluted net income per share** were RMB0.32 and RMB0.31 (US$0.04), compared with net income per share of RMB0.20 in the same quarter of 2024. Non-GAAP net income per share, basic and diluted, were RMB0.39 and RMB0.37 (US$0.05), compared with RMB0.31 in the same quarter of 2024.

**Cash and cash equivalents, restricted cash and short-term investments** were RMB3,974.2 million (US$554.8 million) as of June 30, 2025, compared with RMB4,294.5 million as of March 31, 2025. We have been working diligently to optimize our capital usage and financing structure. The cash and cash equivalents, restricted cash, short-term investments and long-term deposits as included in the other non-current assets deducting the balance of short-term borrowings, is RMB2.95 billion, a net increase for the eighth consecutive quarter, compared with RMB2.89 billion as of March 31, 2025.

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Exhibit 99.1

**Guidance**

The Company is looking to maintain scale year-over-year and achieve non-GAAP profits in the third quarter of 2025.

**Conference Call**

The Company's management will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, August 21, 2025 (8:00 P.M. Beijing Time on the same day) to discuss the financial results. The presentation and question and answer session will be presented in both Mandarin and English. Listeners may access the call by dialing the following numbers:

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| | |
|:---|:---|
| International: | 1-412-317-6061 |
| United States Toll Free: | 1-888-317-6003 |
| Mainland China Toll Free: | 86-4001-206115 |
| Hong Kong Toll Free: | 800-963976 |
| Conference ID: | 0358096 |

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The replay will be accessible through August 28, 2025 by dialing the following numbers:

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| | |
|:---|:---|
| International: | 1-412-317-0088 |
| United States: | 1-877-344-7529 |
| Access Code: | 5040747 |

---

A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.100.me.

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**About Dingdong (Cayman) Limited** 

We are a leading fresh grocery e-commerce company in mainland China, with sustainable long-term growth. We directly provide users and households with fresh groceries, prepared food, and other food products through delivering a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid. Leveraging our deep insights into consumers' evolving needs and our strong food innovation capabilities, we have successfully launched a series of private label products spanning a variety of food categories. Many of our private label products are produced at our Dingdong production plants, allowing us to more efficiently produce and offer safe and high-quality food products. We aim to be the first choice for fresh and food shopping.

For more information, please visit: https://ir.100.me.

**Use of Non-GAAP Financial Measures** 

The Company uses non-GAAP measures, such as non-GAAP net income, non-GAAP net income margin, non-GAAP net income attributable to ordinary shareholders and non-GAAP net income per share, basic and diluted, in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which are non-cash charges and do not correlate to any operating activity trends. The Company believes that the non-GAAP financial measures provide useful information about the Company's results of operations, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company's

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Exhibit 99.1

operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP. The Company's definition of non-GAAP financial measures may differ from those of industry peers and may not be comparable with their non-GAAP financial measures.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this announcement.

**Exchange Rate Information** 

This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.1636 to US$1.00, the exchange rate on June 30, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

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**Safe Harbor Statement** 

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue," or other similar expressions. Among other things, business outlook and quotations from management in this announcement, as well as Dingdong's strategic and operational plans, contain forward-looking statements. Dingdong may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Dingdong's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Dingdong's goals and strategies; Dingdong's future business development, financial conditions, and results of operations; the expected outlook of the fresh grocery ecommerce market in China; Dingdong's expectations regarding demand for and market acceptance of its products and services; Dingdong's expectations regarding its relationships with its users, clients, business partners, and other stakeholders; competition in Dingdong's industry; and relevant government policies and regulations relating to Dingdong's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

**For investor inquiries, please contact:** 

Dingdong Fresh

ir@100.me

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Exhibit 99.1

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS** 

**(Amounts in thousands of RMB and US$)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** |  |  |
|  | **December 31, 2024** | **June 30,** <br>**2025** | **June 30,** <br>**2025** |
|  | **RMB** | **RMB** | **US$** |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**(Unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;**(Unaudited)** |
| &nbsp;&nbsp;&nbsp;**ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Current assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | &nbsp;&nbsp;&nbsp;&nbsp;887427  | 926209  | 129294  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | &nbsp;&nbsp;&nbsp;&nbsp;2788  | 1630  | 228  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;3561977  | 3046326  | 425251  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | &nbsp;&nbsp;&nbsp;&nbsp;125896  | 136912  | 19112  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | &nbsp;&nbsp;&nbsp;&nbsp;553601  | 504934  | 70486  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advance to suppliers | &nbsp;&nbsp;&nbsp;&nbsp;62730  | 96275  | 13439  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayments and other current assets | &nbsp;&nbsp;&nbsp;&nbsp;170753  | 193875  | 27064  |
| &nbsp;&nbsp;&nbsp;**Total current assets** | &nbsp;&nbsp;&nbsp;&nbsp;**5365172**  | **4906161**  | **684874**  |
| &nbsp;&nbsp;&nbsp;**Non-current assets:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment, net | &nbsp;&nbsp;&nbsp;&nbsp;176290  | 196384  | 27414  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease right-of-use assets | &nbsp;&nbsp;&nbsp;&nbsp;1464791  | 1509628  | 210736  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current assets | &nbsp;&nbsp;&nbsp;&nbsp;111395  | 145938  | 20372  |
| &nbsp;&nbsp;&nbsp;**Total non-current assets** | &nbsp;&nbsp;&nbsp;&nbsp;**1752476**  | **1851950**  | **258522**  |
| &nbsp;&nbsp;&nbsp;**TOTAL ASSETS** | &nbsp;&nbsp;&nbsp;&nbsp;**7117648**  | **6758111**  | **943396**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY** |
| &nbsp;&nbsp;&nbsp;**Current liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | &nbsp;&nbsp;&nbsp;&nbsp;1660472  | 1782194  | 248784  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer advances and deferred revenue | &nbsp;&nbsp;&nbsp;&nbsp;279276  | 249154  | 34781  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | <br>&nbsp;&nbsp;&nbsp;&nbsp;767082  | 755559  | 105472  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salary and welfare payable | &nbsp;&nbsp;&nbsp;&nbsp;317152  | 218035  | 30437  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, current | &nbsp;&nbsp;&nbsp;&nbsp;640245  | 667992  | 93248  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | &nbsp;&nbsp;&nbsp;&nbsp;1606253  | 1061954  | 148243  |
| &nbsp;&nbsp;&nbsp;**Total current liabilities** | **5270480** | **4734888**  | **660965**  |
| &nbsp;&nbsp;&nbsp;**Non-current liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, non-current | &nbsp;&nbsp;&nbsp;&nbsp;780036  | 805058  | 112382  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-current liabilities | &nbsp;&nbsp;&nbsp;&nbsp;143118  | 145122  | 20258  |
| &nbsp;&nbsp;&nbsp;**Total non-current liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;**923154**  | **950180**  | **132640**  |

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Exhibit 99.1

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES** | &nbsp;&nbsp;&nbsp;&nbsp;**6,193,634**  | **5,685,068**  | **793,605**  |

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)**

**(Amounts in thousands of RMB and US$)** 

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| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31,** <br>**2024** | **June 30,** <br>**2025** | **June 30,** <br>**2025** |
|  | **RMB** | **RMB** | **US$** |
|  |  | **(Unaudited)** | **(Unaudited)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY (CONTINUED)** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY (CONTINUED)** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY (CONTINUED)** | &nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES, MEZZANINE EQUITY AND** <br>**SHAREHOLDERS' EQUITY (CONTINUED)** |
| &nbsp;&nbsp;&nbsp;**Mezzanine Equity:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redeemable noncontrolling interests | &nbsp;&nbsp;&nbsp;&nbsp;125403  | 130282  | 18187  |
| &nbsp;&nbsp;&nbsp;**TOTAL MEZZANINE EQUITY** | &nbsp;&nbsp;&nbsp;&nbsp;**125403**  | **130282**  | **18187**  |
| &nbsp;&nbsp;&nbsp;**Shareholders' equity:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary shares | 4  | 4  | 1  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;14181030  | 14224126  | 1985610  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | (51176) | (51176) | (7144) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (13384881) | (13274555) | (1853056) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | &nbsp;&nbsp;&nbsp;&nbsp;53634  | 44362  | 6193  |
| &nbsp;&nbsp;&nbsp;**TOTAL SHAREHOLDERS' EQUITY** | &nbsp;&nbsp;&nbsp;&nbsp;**798611**  | **942761**  | **131604**  |
| &nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY** | <br>&nbsp;&nbsp;&nbsp;&nbsp;**7117648**  | **6758111**  | **943396**  |

---

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Exhibit 99.1

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME** 

**(Amounts in thousands of RMB and US$, except for number of shares and per share data)** 

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| | | | |
|:---|:---|:---|:---|
|  | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| Revenues: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Product revenues | 5517850 | 5893728 | 822733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service revenues | 81103 | 82141 | 11466 |
| &nbsp;&nbsp;&nbsp;**Total revenues** | **5598953**  | **5975869**  | **834199**  |
| &nbsp;&nbsp;&nbsp;Operating costs and expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of goods sold | (3919445 | (4255182) | (594001) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fulfillment expenses | (1252859 | (1297277) | (181093) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales and marketing expenses | (129659 | (102917) | (14367) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Product development expenses | (202663 | (201822) | (28173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses | (108165 | (122906) | (17157) |
| **Total operating costs and expenses** | **(5612791** | **(5980104)** | **(834791)** |
| Other operating income, net | 67438  | 85870  | 11987  |
| &nbsp;&nbsp;&nbsp;**Income from operations** | **53600**  | **81635**  | **11395**  |
| Interest income | 37807  | 33393  | 4663  |
| Interest expenses | (14023 | (4820) | (673) |
| Other (loss)/income, net | (2844 | 783  | 109  |
| &nbsp;&nbsp;&nbsp;**Income before income tax** | **74540**  | **110991**  | **15494**  |
| Income tax expenses | (7414 | (3804) | (531) |
| &nbsp;&nbsp;&nbsp;**Net income**  | **67126**  | **107187**  | **14963**  |
| &nbsp;&nbsp;&nbsp;Accretion of redeemable noncontrolling interests | (2292 | (2476) | (346) |
| &nbsp;&nbsp;&nbsp;**Net income attributable to ordinary shareholders** | **64834**  | **104711**  | **14617**  |

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Exhibit 99.1

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (CONTINUED)**

**(Amounts in thousands of RMB and US$, except for number of shares and per share data)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| &nbsp;&nbsp;&nbsp;**Net income per Class A and Class B ordinary share:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 0.20 | 0.32 | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 0.20 | 0.31 | 0.04 |
| &nbsp;&nbsp;&nbsp;**Shares used in net income per Class A and Class B ordinary share computation:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 325430984  | 324632496  | 324632496  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 329814651 | 335355966  | 335355966  |
| &nbsp;&nbsp;&nbsp;**Other comprehensive income/(loss), net of tax of nil:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency translation adjustments | 9441  | (6141) | (857) |
| **Comprehensive income** | **76567**  | **101046**  | **14106**  |
| Accretion of redeemable noncontrolling interests | (2292) | (2476) | (346) |
| &nbsp;&nbsp;&nbsp;**Comprehensive income attributable to ordinary shareholders** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74275**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98570**  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13760**  |

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Exhibit 99.1

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Amounts in thousands of RMB and US$)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| Net cash generated from operating activities | 245738  | 101401  | 14155  |
| &nbsp;&nbsp;&nbsp;Net cash generated from/ (used in) investing activities | 278839  | (46026) | (6425) |
| Net cash used in financing activities  | (592905) | (344390) | (48075) |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents and restricted cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1479 ) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(140) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19) |
| &nbsp;&nbsp;&nbsp;**Net decrease in cash and cash equivalents and restricted cash**  | <br> **(69807)** | **(289155)** | **(40364)** |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents and restricted cash at the beginning of the period | 1131474  | 1216994  | 169886  |
| &nbsp;&nbsp;&nbsp;**Cash and cash equivalents and restricted cash at the end of the period**  | **1061667**  | **927839**  | **129522**  |

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Exhibit 99.1

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**DINGDONG (CAYMAN) LIMITED** 

**UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS** 

**(Amounts in thousands of RMB and US$, except for number of shares and per share data)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **For the three months ended<br>June 30,** | **For the three months ended<br>June 30,** | **For the three months ended<br>June 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| &nbsp;&nbsp;&nbsp;Income from operations | 53600  | 81635  | 11395  |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses <sup>(1)</sup> | 36001  | 20583  | 2873  |
| &nbsp;&nbsp;&nbsp;**Non-GAAP income from operations** | **89601**  | **102218**  | **14268**  |
| &nbsp;&nbsp;&nbsp;Operating margin | 1.0% | 1.4% | 1.4% |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses | 0.6% | 0.3% | 0.3% |
| &nbsp;&nbsp;&nbsp;**Non-GAAP operating margin** | 1.6% | 1.7% | 1.7% |
| &nbsp;&nbsp;&nbsp;Net income  | 67126  | 107187  | 14963  |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses <sup>(1)</sup> | 36001  | 20583  | 2873  |
| &nbsp;&nbsp;&nbsp;**Non-GAAP net income** | **103127**  | **127770**  | **17836**  |
| &nbsp;&nbsp;&nbsp;Net income margin | 1.2% | 1.8% | 1.8% |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses | 0.6% | 0.3% | 0.3% |
| &nbsp;&nbsp;&nbsp;**Non-GAAP net income margin** | 1.8% | 2.1% | 2.1% |
| &nbsp;&nbsp;&nbsp;Net income attributable to ordinary shareholders | 64834  | 104711  | 14617  |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses <sup>(1)</sup> | 36001  | 20583  | 2873  |
| &nbsp;&nbsp;&nbsp;**Non-GAAP net income attributable to ordinary shareholders** | **100835**  | **125294**  | **17490**  |
| &nbsp;&nbsp;&nbsp;Net income per Class A and Class B ordinary share: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic  | 0.20 | 0.32 | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 0.20 | 0.31 | 0.04 |
| &nbsp;&nbsp;&nbsp;Add: share-based compensation expenses |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic  | 0.11 | 0.07 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 0.11 | 0.06 | 0.01 |
| &nbsp;&nbsp;&nbsp;**Non-GAAP net income per Class A and Class B ordinary share:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic  | 0.31 | 0.39 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 0.31 | 0.37 | 0.05 |

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Exhibit 99.1

(1) Share-based compensation expenses are recognized as follows:

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| | | | |
|:---|:---|:---|:---|
|  | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** | **For the three months ended**<br>**June 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| &nbsp;&nbsp;&nbsp;Fulfillment expenses | 7825  | 3926  | 548  |
| Sales and marketing expenses | 1844  | 1387  | 194  |
| Product development expenses | 15595  | 8590  | 1199  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | 10737  | 6680  | 932  |
| &nbsp;&nbsp;&nbsp;**Total** | **36001**  | **20583**  | **2873**  |

---

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