Balance Sheet: Shareholders’ equity surged 33% to USD 11.3 million, supported by debt conversion and equity issuances. Cash, cash equivalents and short-term investments are estimated at $23.6 million as of March 31, 2025.
driven by disciplined execution and a bold new chapter in our corporate strategy.
2024 Financial & Operational Highlights
Revenue Growth: USD 37.4 million, a 33% year-over-year increase, propelled by the strategic acquisition of U.S. brands and sustained resilience in our core China operations.
Margin Expansion: Gross profit margin improved to 28.4%, up from 25.0% in 2023, reflecting stringent supply chain optimization and cost discipline.
Path to Profitability: Adjusted EBITDA with loss narrowed to USD 3.5 million (or USD 2 million excluding non-recurring expenses), with our China business generating positive EBITDA for the full year.
Strengthened Balance Sheet: Shareholders’ equity surged 33% to USD 11.3 million, supported by debt conversion and equity issuances. Cash, cash equivalents and short-term investments are estimated at $23.6 million as of March 31, 2025.
To Our Valued Shareholders,
2024 was a year of transformative growth and strategic milestones for DDC. I am thrilled to share that we not only met our financial forecasts but exceeded expectations, delivering strong performance across key metrics while laying the groundwork for an even more exciting future. As we enter 2025, our momentum is accelerating, driven by disciplined execution and a bold new chapter in our corporate strategy.
2024 Financial & Operational Highlights
Revenue Growth: USD 37.4 million, a 33% year-over-year increase, propelled by the strategic acquisition of U.S. brands and sustained resilience in our core China operations.
Margin Expansion: Gross profit margin improved to 28.4%, up from 25.0% in 2023, reflecting stringent supply chain optimization and cost discipline.
Path to Profitability: Adjusted EBITDA with loss narrowed to USD 3.5 million (or USD 2 million excluding non-recurring expenses), with our China business generating positive EBITDA for the full year.
Strengthened Balance Sheet: Shareholders’ equity surged 33% to USD 11.3 million, supported by debt conversion and equity issuances. Cash, cash equivalents and short-term investments are estimated at $23.6 million as of March 31, 2025.
