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