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Financial Statements — DDC
Balance Sheet
(in billions CNY)| Metric | Q2 2026 | Q4 2025 | Q4 2024 | Q4 2023 |
|---|---|---|---|---|
| Cash & Equivalents | 0.00 | 0.00 | 0.01 | 0.01 |
| Short-term Investments | 0.02 | 0.13 | 0.13 | 0.01 |
| Accounts Receivable | 0.04 | 0.04 | 0.00 | 0.03 |
| Inventory | 0.01 | 0.00 | 0.00 | 0.01 |
| Total Current Assets | 0.09 | 0.08 | 0.05 | 0.32 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.01 |
| Intangible Assets | 0.00 | 0.00 | 0.01 | 0.01 |
| Total Non-current Assets | 0.17 | 0.81 | 0.01 | 0.02 |
| Total Assets | 1.77 | 0.20 | 0.07 | 0.06 |
| Accounts Payable | 0.03 | 0.00 | 0.02 | 0.00 |
| Short-term Debt | 0.01 | 0.04 | 0.05 | 0.02 |
| Total Current Liabilities | 0.32 | 0.10 | 0.05 | 0.04 |
| Long-term Debt | -- | 0.00 | 0.01 | 0.01 |
| Total Non-current Liabilities | 0.16 | 0.18 | 0.03 | 0.09 |
| Total Liabilities | 0.48 | 0.84 | 0.40 | 0.05 |
| Retained Earnings | (2.44) | (0.31) | (1.81) | (0.23) |
| Total Stockholder Equity | 0.18 | 0.50 | 0.05 | 0.04 |
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Income Statement
(in millions USD)| Metric | Q2 2026 |
|---|---|
| Total Revenue | 20.15 |
| Cost of Revenue | 14.03 |
| Gross Profit | 6.12 |
| Selling, General & Admin | 3.65 |
| Total Operating Expenses | 8.17 |
| Operating Income | (13.88) |
| Interest Expense | 15.32 |
| Pretax Income | (37.34) |
| Tax Provision | 7.29 |
| Net Income | (260.64) |
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