DDC Enterprise Ltd Files 6-K Update
Ticker: DDC · Form: 6-K · Filed: Nov 19, 2024 · CIK: 1808110
Sentiment: neutral
Topics: filing-update, financial-review, risk-factors
TL;DR
DDC Enterprise Ltd dropped a 6-K with business/financial updates and risk factors as of Nov 19, 2024.
AI Summary
DDC Enterprise Limited filed a Form 6-K on November 19, 2024, providing an update on its business, operating and financial review for the period ending December 31, 2023, and risk factors. The company has 31,099,943 Class A Ordinary shares and 875,000 Class B Ordinary shares issued and outstanding as of the report date.
Why It Matters
This filing provides investors with crucial business and financial information for DDC Enterprise Limited, including risk factors, which is essential for making informed investment decisions.
Risk Assessment
Risk Level: medium — The filing is a routine update (6-K) and doesn't contain specific negative or positive news, but the nature of SEC filings implies inherent risks in the company's operations and market position.
Key Numbers
- 31,099,943 — Class A Ordinary Shares (Outstanding shares as of the report date.)
- 875,000 — Class B Ordinary Shares (Outstanding shares as of the report date.)
Key Players & Entities
- DDC Enterprise Limited (company) — Filer of the report
- 31,099,943 (dollar_amount) — Number of Class A Ordinary shares outstanding
- 875,000 (dollar_amount) — Number of Class B Ordinary shares outstanding
- December 31, 2023 (date) — End of the financial review period
- November 19, 2024 (date) — Date of the report filing
FAQ
What is the primary purpose of this Form 6-K filing?
The Form 6-K filing provides a report of foreign private issuer information, including a current description of the Company's business, operating and financial review and prospects for December 31, 2023, and risk factors.
As of November 19, 2024, how many Class A Ordinary shares are issued and outstanding?
As of November 19, 2024, there are 31,099,943 Class A Ordinary shares issued and outstanding.
As of November 19, 2024, how many Class B Ordinary shares are issued and outstanding?
As of November 19, 2024, there are 875,000 Class B Ordinary shares issued and outstanding.
What period does the operating and financial review cover?
The operating and financial review and prospects cover the period ending December 31, 2023.
Does DDC Enterprise Limited file annual reports under Form 20-F or Form 40-F?
The registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 4,349 words · 17 min read · ~14 pages · Grade level 14 · Accepted 2024-11-19 10:32:08
Key Financial Figures
- $28.9 million — , 2023, we recorded RMB205.5 million (US$28.9 million) in total revenue compared to RMB179.6
- $9.1 million — mer product sales of RMB64.4 million (US$9.1 million) deducted by the decrease of online con
- $5.1 million — mer product sales of RMB36.2 million (US$5.1 million). In the second quarter of 2022, nation
- $21.9 million — ncurred net loss of RMB155.4 million (US$21.9 million) and net loss of RMB122.2 million for t
- $12.6 million — rating activities of RMB89.4 million (US$12.6 million) and RMB37.1 million for the years ende
- $5.4 million — EBITDA with loss of RMB38.6 million (US$5.4 million) and loss of RMB37.5 million respective
- $83.5 billion — expected to grow to RMB564.5 billion (US$83.5 billion) by 2026, a CAGR (2021-2026) of 17.2%.
- $703.3 million — cted to increase from RMB5.1 billion (US$703.3 million) in 2021 to RMB8.6 billion (US$1.2 bill
- $1.2 billion — 3 million) in 2021 to RMB8.6 billion (US$1.2 billion) in 2026. As a leader in the RTC/RTH sp
- $2.5 million — es and marketing was RMB17.4 million (US$2.5 million) in 2023, decreased by 16.3% compared w
- $11.7 million — shareholder loan was RMB83.1 million (US$11.7 million) and RMB95.6 million respectively. The
- $3.0 million — cember 31, 2022 were RMB21.4 million (US$3.0 million) and RMB37.8 million, respectively. Me
- $1.00 — and were calculated at the rate of US US$1.00=RMB7.0999, representing the noon buying
Filing Documents
- ea0221768-6k_ddcenter.htm (6-K) — 599KB
- ea022176801ex23-1_ddcenter.htm (EX-23.1) — 3KB
- ea022176801ex99-1_ddcenter.htm (EX-99.1) — 2062KB
- ex23-1_001.jpg (GRAPHIC) — 15KB
- ex23-1_002.jpg (GRAPHIC) — 13KB
- 0001213900-24-099916.txt ( ) — 2703KB
Forward-Looking Statements
Forward-Looking Statements Certain statements in this Report are forward-looking statements, including, for example, statements about growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration 1 Information on the Company History and Development of the Company We are a food innovator with leading content driven (i.e. using content to reach and engage target customers) consumer brands offering easy, convenient RTH, RTC, RTE and plant-based meal products (i.e. meal products consisting largely or solely of vegetab