v3.26.3
Consolidated Balance Sheets
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CNY (¥)
Dec. 31, 2025
CNY (¥)
Current assets      
Cash and cash equivalents $ 725,912 ¥ 4,925,383 ¥ 21,121,206
Restricted cash 16,828
Short-term investment 19,075,267 129,427,595 130,400,312
Accounts receivable, net 6,027,088 40,894,396 41,564,871
Inventories 1,377,142 9,344,044 8,229,291
Prepayments and other current assets 59,361,139 402,771,272 383,805,123
Total current assets 86,566,548 587,362,690 585,137,631
Non-current assets      
Property, plant and equipment, net 33,311 226,016 303,325
Operating lease Right-of-use assets 1,101,582 7,474,341 8,581,133
Intangible assets, net 196,871 1,335,790 1,610,713
Goodwill 732,933 4,973,027 4,973,027
Digital assets 161,898,052 1,098,494,475 730,150,140
Other non-current assets 10,804,133 73,307,126 64,814,066
Total non-current assets 174,766,882 1,185,810,775 810,432,404
Total assets 261,333,430 1,773,173,465 1,395,570,035
Current liabilities      
Short-term bank borrowings 5,165,849 35,050,800 37,430,000
Current portion of long-term bank borrowings 89,613 608,033 549,012
Accounts payable 4,034,371 27,373,609 25,524,921
Contract liabilities 1,716,371 11,645,751 13,977,338
Shareholder loans, at amortized cost 3,161,323 21,449,891 23,207,757
Amounts due to related parties 797,867 5,413,606 8,160,511
Accrued expenses and other current liabilities 32,028,882 217,319,173 557,130,576
Current portion of lease liabilities 205,247 1,392,622 2,047,880
Total current liabilities 47,199,523 320,253,485 668,027,995
Non-current liabilities      
Long-term bank borrowings 513,917 3,486,980 3,876,918
Operating lease liabilities 875,873 5,942,889 6,405,503
Shareholder loans, at amortized cost 2,429,378 16,483,576 16,483,576
Convertible loans, at amortized cost 18,603,831 126,228,857 137,501,657
Deferred tax liabilities 186,419 1,264,873 1,264,873
Other non-current liabilities 1,533,589 10,405,554 10,405,554
Total non-current liabilities 24,143,007 163,812,729 175,938,081
Total liabilities 71,342,530 484,066,214 843,966,076
Shareholders’ equity      
Additional paid-in-capital 541,718,196 3,675,612,130 2,498,773,335
Accumulated deficit (359,710,814) (2,440,673,846) (2,171,283,787)
Accumulated other comprehensive loss (19,844,601) (134,647,602) (125,758,629)
Total shareholders’ equity attributable to DDC Enterprise Limited 180,810,022 1,226,814,077 498,056,657
Non-controlling interest 9,180,878 62,293,174 53,547,302
Total shareholders’ equity 189,990,900 1,289,107,251 551,603,959
Total liabilities and shareholders’ equity 261,333,430 1,773,173,465 1,395,570,035
Class A Ordinary Shares      
Shareholders’ equity      
Ordinary shares value 18,618,284 126,326,916 65,584,619
Class B Ordinary Shares      
Shareholders’ equity      
Ordinary shares value 28,957 196,479 196,479
Convertible Preferred Shares      
Shareholders’ equity      
Convertible Preferred Shares ¥ 230,544,640