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DDC Enterprise Ltd: 20-F filed 2025-01-28

What DDC Enterprise Ltd reported in its annual report (foreign private issuer) filed 2025-01-28 (fiscal FY 2023): 56 published measures, 189 facts as tagged in accession 0001213900-25-007160.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2025-01-28
Fiscal period
fiscal FY 2023
Accession
0001213900-25-007160 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All DDC Enterprise Ltd filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-12-31434,349,571CNY
At 2022-12-31255,377,773CNY
At 2023-12-3161,176,858USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-12-31373,692,326CNY
At 2022-12-31374,357,236CNY
At 2023-12-3152,633,464USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-12-3139,017,138CNY
At 2022-12-31-1,501,925,812CNY
At 2023-12-315,495,449USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-12-3178,790,697CNY
At 2022-12-3126,801,767CNY
At 2021-12-3113,493,501CNY
At 2020-12-3125,282,090CNY
At 2023-12-3111,097,438USD
At 2022-12-313,774,950USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-161,975,688CNY365
2022-01-01 to 2022-12-31-122,248,608CNY365
2021-01-01 to 2021-12-31-458,683,434CNY365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-89,350,546CNY365
2022-01-01 to 2022-12-31-37,083,065CNY365
2021-01-01 to 2021-12-31-91,425,290CNY365
2023-01-01 to 2023-12-31-12,584,764USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-12-31201,699CNY365
2022-01-01 to 2022-12-31191,634CNY365
2021-01-01 to 2021-12-31179,210CNY365
2023-01-01 to 2023-12-3128,409USD365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2023-01-01 to 2023-12-31205,481,904CNY365
2022-01-01 to 2022-12-31179,586,066CNY365
2021-01-01 to 2021-12-31205,179,442CNY365
2023-01-01 to 2023-12-3128,941,521USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-12-31216,003,395CNY365
2022-01-01 to 2022-12-3151,352,149CNY365
2021-01-01 to 2021-12-31115,757,055CNY365
2023-01-01 to 2023-12-3130,423,441USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-135,161,792CNY365
2022-01-01 to 2022-12-31-444,627CNY365
2021-01-01 to 2021-12-31-8,357,262CNY365
2023-01-01 to 2023-12-31-19,037,141USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-12-31-1,644,382,306CNY
At 2022-12-31-1,478,040,573CNY
At 2023-12-31-231,606,404USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2023-01-01 to 2023-12-315,004,766CNY365
2022-01-01 to 2022-12-313,115,753CNY365
2021-01-01 to 2021-12-31816,868CNY365
2023-01-01 to 2023-12-31704,907USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-12-31603,035CNY
At 2022-12-31509,169CNY
At 2023-12-3184,936USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-01-01 to 2023-12-3183,863,299CNY365
2022-01-01 to 2022-12-3138,993,201CNY365
2023-01-01 to 2023-12-3111,811,899USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-146,217,082CNY365
2022-01-01 to 2022-12-31-80,004,296CNY365
2021-01-01 to 2021-12-31-113,619,990CNY365
2023-01-01 to 2023-12-31-20,594,247USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-12-31320,456,670CNY
At 2022-12-31155,642,065CNY
At 2023-12-3145,135,378USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-01-01 to 2023-12-3112,178,668CNY365
2022-01-01 to 2022-12-3130,826,950CNY365
2021-01-01 to 2021-12-3122,842,091CNY365
2023-01-01 to 2023-12-311,715,329USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-12-31281,377,214CNY
At 2022-12-31261,792,735CNY
At 2023-12-3139,631,151USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-12-3120,793,699CNY
At 2022-12-3117,046,154CNY
At 2023-12-312,928,731USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2023-12-3140,407,135CNY
At 2022-12-3118,769,688CNY
At 2023-12-315,691,226USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2023-12-319,426,569CNY
At 2022-12-3117,439,892CNY

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2023-12-3129,508,542CNY
At 2022-12-3126,906,994CNY
At 2023-12-314,156,191USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2023-01-01 to 2023-12-31197,672,395CNY365
2022-01-01 to 2022-12-31123,931,165CNY365
2021-01-01 to 2021-12-31150,077,598CNY365
2023-01-01 to 2023-12-3127,841,576USD365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-12-319,984,100CNY
At 2022-12-316,115,553CNY
At 2023-12-311,406,231USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-3151,455,313CNY365
2022-01-01 to 2022-12-3143,926,869CNY365
2021-01-01 to 2021-12-3136,457,608CNY365
2023-01-01 to 2023-12-317,247,329USD365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-31154,026,591CNY365
2022-01-01 to 2022-12-31135,659,197CNY365
2021-01-01 to 2021-12-31168,721,834CNY365
2023-01-01 to 2023-12-3121,694,192USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2021-01-01 to 2021-12-31233,663CNY365

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-12-3179,287,805CNY
At 2022-12-3196,904,630CNY
At 2021-12-3177,250,501CNY
At 2020-12-3158,623,527CNY
At 2023-12-3111,167,454USD
At 2022-12-3113,363,760USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-12-311,816,654,303CNY
At 2023-12-31255,870,407USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2023-12-31-135,581,744CNY
At 2022-12-31-83,132,274CNY
At 2023-12-31-19,096,289USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-12-3160,657,245CNY
At 2022-12-31-1,487,499,524CNY
At 2021-12-31-1,186,297,513CNY
At 2020-12-31-651,918,438CNY
At 2023-12-318,543,394USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-12-316,169,983CNY
At 2022-12-316,132,812CNY
At 2023-12-31869,024USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-12-316,635,874CNY
At 2022-12-316,237,308CNY

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2023-12-317,512,629CNY

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-12-3110,676,050CNY
At 2022-12-3111,003,164CNY

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-12-3110,073,015CNY
At 2022-12-3110,493,995CNY

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-12-319,426,569CNY
At 2022-12-3117,439,892CNY
At 2023-12-311,327,704USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-12-3143,150,129CNY
At 2022-12-3134,443,178CNY
At 2023-12-316,077,569USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-12-3110,405,554CNY
At 2022-12-314,162,222CNY
At 2023-12-311,465,592USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2023-12-3197,589,397CNY
At 2022-12-3125,714,888CNY
At 2023-12-3113,745,179USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2023-12-3113,773,974CNY
At 2022-12-316,293,066CNY
At 2021-12-312,069,565CNY
At 2020-12-312,425,916CNY
At 2023-12-311,940,024USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2022-12-314,857,215CNY
At 2021-12-312,676,956CNY

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2023-12-313,827,489CNY
At 2022-12-313,399,427CNY
At 2023-12-31539,091USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-156,970,922CNY365
2022-01-01 to 2022-12-31-119,132,855CNY365
2021-01-01 to 2021-12-31-457,866,566CNY365
2023-01-01 to 2023-12-31-22,108,894USD365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-161,975,688CNY365
2022-01-01 to 2022-12-31-122,248,608CNY365
2021-01-01 to 2021-12-31-458,683,434CNY365
2023-01-01 to 2023-12-31-22,813,801USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-328,903,999CNY365
2022-01-01 to 2022-12-31-351,647,327CNY365
2021-01-01 to 2021-12-31-819,666,447CNY365
2023-01-01 to 2023-12-31-46,325,163USD365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-166,341,733CNY365
2022-01-01 to 2022-12-31-122,025,640CNY365
2021-01-01 to 2021-12-31-454,350,226CNY365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-3182,460,706CNY365
2022-01-01 to 2022-12-3153,543,862CNY365
2021-01-01 to 2021-12-3166,636,360CNY365
2023-01-01 to 2023-12-3111,614,348USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,020,920CNY365
2022-01-01 to 2022-12-313,118,734CNY365
2021-01-01 to 2021-12-313,275,758CNY365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-316,260,574CNY365
2022-01-01 to 2022-12-313,717,490CNY365
2021-01-01 to 2021-12-311,987CNY365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-1,255,808CNY365
2022-01-01 to 2022-12-31-601,737CNY365
2021-01-01 to 2021-12-31814,881CNY365
2023-01-01 to 2023-12-31-176,877USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-12-3114,095,688CNY365
2022-01-01 to 2022-12-314,906,616CNY365
2021-01-01 to 2021-12-313,747,004CNY365
2023-01-01 to 2023-12-311,985,336USD365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-208,475CNY365
2022-01-01 to 2022-12-31-235,548CNY365
2021-01-01 to 2021-12-31-22,324CNY365
2023-01-01 to 2023-12-31-29,363USD365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-314,487,704CNY365
2022-01-01 to 2022-12-3121,010,479CNY365
2021-01-01 to 2021-12-312,734,066CNY365
2023-01-01 to 2023-12-31632,081USD365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31955,200CNY365
2022-01-01 to 2022-12-31-3,094,089CNY365
2021-01-01 to 2021-12-315,900,993CNY365
2023-01-01 to 2023-12-31134,537USD365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31524,686CNY365
2022-01-01 to 2022-12-31667,966CNY365
2021-01-01 to 2021-12-313,586,714CNY365
2023-01-01 to 2023-12-3173,900USD365

Inspect the source

Entity
DDC Enterprise Ltd / CIK 0001808110
Captured
2026-09-21T17:28:17.002Z
SEC response SHA-256
cd808f0228d110c5836c1aa11a44a4e4507a5a4fcc2d20723b3c751df289e252

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001808110.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))