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公司创记载营业收入、颐养后 EBITDA 初度转正；比特币合手仓置身专家前三十
•中枢消耗食物业务合手续改善，算计遵守与利润率同步提高
•在珍藏推出比特币储备计谋后，界限 2026 年 4 月 21 日，公司合手有 2,383 枚比特币
当先的亚洲食物平台及数字钞票储备企业DDC Enterprise Limited（NYSEAMERICAN: DDC；以下简称" DDC "或"公司"）本日发布界限 2025 年 12 月 31 日止十二个月的未经审计财务事迹。公司本期事迹既体现了中枢消耗食物业务的合手续改善，也反应了比特币储备计谋的初步后果。
2025 财年财务节录
本次交游完成后，DDC 在专家上市公司比特币合手仓排行中位列第 32 位，体现了公司将比特币手脚中枢储备钞票的计谋接管。DDC 以为，比特币具备经久价值储存属性，可与其消耗食物业务的合手续推广酿成互补，并支合手举座成本设立计谋。
经管层不雅点
DDC 首创东谈主、董事长兼首席引申官朱嘉盈女士暗示：" 2025 年是 DDC 稳步上前的重要一年。公司结束创记载的营业收入，颐养后 EBITDA 初度转正，充分体现了中枢消耗食物业务在算计遵守与利润率结构方面的合手续改善。这一跳动，获利于咱们线下分销渠谈的拓展以及下千里市集的深度渗入。
"与此同期，咱们主动方案过问资源构建比特币储备计谋，当今已置身专家上市公司比特币合手有者前三十强，按现时市价打算合手仓市值约为 1.75 亿好意思元。尽管关系过问对下半年诠释盈利智力产生了影响，但这正反应了咱们构建自律成本设立框架、以期在经久内创造价值的坚强决心。"
朱女士进一步暗示："迈入 2026 年，咱们将接续聚焦中枢业务增长，保合手严格的成本治安，并以矜重、具计谋性的方式稳步鼓励比特币计谋。咱们亦在合手续过问撑合手储备经管的 AI 基础景色，旨在提高方案的一致性、透明度以及经久成本设立水平。"
2025 财年财务总览
除另行阐发外，以下数据均与 2024 财年同期数据进行相比。
•营业收入总数：3,920 万好意思元，同比增长 4.6%，反应了公司计谋性退出亏本的好意思国业务。在中枢市蚁合国，营业收入同比增长 9.8%，主要获利于线下分销渠谈的拓展（包括下千里市集渗入率的提高以及区域经销商互助关系的安适），并最终带动销量提高。
•毛利：1,230 万好意思元，同比增长 15.8%，主要获利于供应链优化、采购遵守提高以及原材料成本的故意变动。
•算计开支：4,760 万好意思元，同比增长 61.5%，主要由非现款股权引发及与公司比特币储备计谋关系的过问运转，包括成本市集行为、参谋人劳动以及基础景色开拓。
•颐养后 EBITDA 初度转正：40 万好意思元，而上年同期为颐养后算计亏本（LBITDA）350 万好意思元——这亦然公司初度在全年诠释期内结束颐养后 EBITDA 转正。
•现款、现款等价物及短期投资：界限 2025 年 12 月 31 日，总共 2,170 万好意思元。
•股东权利：7,890 万好意思元，同比增长约 600%，主要获利于公司比特币储备计谋的稳步鼓励。
2025 年下半年财务总览
除另行阐发外，以下数据均与 2024 年下半年同期数据进行相比。
•营业收入总数：2,360 万好意思元，同比增长 16.6%，反应了公司计谋性退出亏本的好意思国业务。
•毛利：710 万好意思元，同比增长 15.1%，获利于供应链合手续优化、采购遵守提高以及原材料成本的故意变动。
•算计开支：4,440 万好意思元，同比增长 107.6%，主要由股权引发及与公司比特币储备计谋关系的过问运转。
2025 财年比特币业务总览
•" BTC 收益率"重要末端观点：2025 年下半年 BTC 收益率达到 122%；自初度购入以来累计 BTC 收益率达 1,493% ¹（界限 2026 年 4 月 21 日）。
•数字钞票合手仓：界限 2025 年 12 月 31 日，公司合手有约 1,181 枚比特币；界限 2026 年 4 月 21 日，合手仓已增至 2,383 枚比特币。在界限 2025 年 12 月 31 日止十二个月内，公司录得数字钞票公允价值变动的未结束损失 550 万好意思元。
2025 财年景本市集总览
•为比特币储备计谋完成累计 5.28 亿好意思元的计谋性融资，具体包括：
•来自顶级比特币及数字钞票投资东谈主的 2,600 万好意思元计谋性 PIPE 投资（含将存续债务转机为股权以进一步强化钞票欠债表）；
•与 Anson Funds 完成首批 2,500 万好意思元可转机单子的刊行（后续最高可追加提真金不怕火 2.75 亿好意思元的本心额度）；
•取得 Anson Funds 稀零 200 万好意思元的定向增发投资，并取得其 2 亿好意思元股权信贷额度（ELOC）；
•向好意思国证券交游委员会（SEC）提交 5 亿好意思元的 F-3 表格通用架上注册声明；
•以每股 10.00 好意思元的价钱完成 1.24 亿好意思元的 A 类普通股股权融资，其中首创东谈主兼首席引申官朱嘉盈女士个东谈主投资 300 万好意思元。
•界限 2026 年 4 月 21 日，DDC 在 5.28 亿好意思元计谋性融资额度中累计动用 5,300 万好意思元用于比特币购入；与 Anson Funds 签署的 2.75 亿好意思元可转机单子及 2 亿好意思元股权信贷额度（ELOC）均未动用；5 亿好意思元通用架上注册额度亦尚未使用。
DDC Treasury Intelligence Platform
（DDC 储备智能平台）
DDC 珍藏推出 DDC Treasury Intelligence Platform（DDC 储备智能平台）——一套专为经管公司比特币储备而打造的 AI 操作系统，旨在以更高水平的治安性、透明度与经久股东价值导向引申储备方案。
公司以为，其位列专家首批为企业比特币储备经管设立专用基础景色的上市公司之列。平台的中枢是DDC Treasury Graph（DDC 储备图谱）——一套受贬责框架管控的常识体系，将比特币合手仓、市集数据、历史方案与引申末端整合为一套合手续学习的系统。
平台的定位是赞助而非替代经管层的方案判断：通过将储备方案的评估经由结构化，在明晰界定的贬责参数下，提高方案质料、风险经管水平与透明度。
DDC 预期，跟着时辰推移，该智力将提高公司成本设立遵守，在万般市集周期中结束更优的风险颐养后答复；同期也将为公司更泛泛的 AI 方案系统乃至将来的对外买卖化愚弄奠定基础。
事迹电话会议
DDC 已于好意思东时辰 2026 年 4 月 21 日上昼 8：30 召开 2025 财年级迹电话会议。笃定请打听：https://edge.media-server.com/mmc/p/cwsa87jd/
对于 DDC Enterprise Limited
DDC Enterprise Limited（NYSEAMERICAN: DDC）正积极参与企业比特币储备的发展波涛，同期遵从专家当先亚洲食物平台的中枢定位。公司已将比特币计谋性地成立为中枢储备钞票，并合手续拓展旗下餐饮品牌矩阵。在将比特币纳入财务架构的上市公司中，DDC 恒久身处前方。更多信息，请打听 www.ddc.xyz
DDC Enterprise Reports Record Revenue and Positive Adjusted EBITDA for Fiscal Year 2025
- Core consumer food business demonstrated continued operating improvement and margin expansion
- Launched Bitcoin treasury strategy and reached 2,383 BTC as of April 21, 2026
New York, April 21, 2026 - DDC Enterprise Limited ( NYSEAMERICAN: DDC ) ( " DDC " or the "Company" ) , a global Asian food platform and digital asset treasury company, released its unaudited financial results for the twelve months ended December 31, 2025. The Company ’ s results reflect continued progress in its core consumer food business, alongside the initial build-out of its Bitcoin treasury strategy.
Fiscal Year 2025 Financial Highlights
Management Commentary
" 2025 was an important step forward for DDC, " said Norma Chu, Founder, Chairwoman and CEO of DDC.
" We delivered record revenue and achieved positive Adjusted EBITDA, reflecting continued improvement in the operating efficiency and margin profile of our core consumer food business. This advancement is supported by expansion in our offline distribution channels and deeper penetration into lower-tier cities.
At the same time, we made a deliberate decision to invest in building our Bitcoin treasury strategy, and today, we rank among the top 30 publicly traded corporate holders of Bitcoin globally, representing approximately $175 million value based on current market prices.
While these investments impacted reported profitability in the second half, they reflect our focus on building a disciplined capital allocation framework designed to create value over time. "
Ms. Chu continued, " As we move into 2026, we remain focused on growing our core business while maintaining discipline around our cost structure and continuing to execute our Bitcoin strategy in a measured and strategic manner. We are also investing in the AI infrastructure that supports how we manage our treasury, with the global of improving consistency, transparency, and long-term capital allocation. "
Fiscal Year 2025 Financial Summary
All amounts compared to fiscal year 2024 unless otherwise noted
·Total revenue of US$39.2 million was up 4.6% year-over-year, reflecting the strategic exit from loss-making U.S. operations. In China, our core market, revenue grew 9.8% year-over-year, driven by expansion in offline distribution channels, including increased penetration into lower-tier cities and stronger regional distributor partnerships, resulting in higher sales volume.
·Gross profit of US$12.3 million was up 15.8% year-over-year, driven by supply chain optimization, improved procurement efficiency, and favorable raw material costs.
·Operating expenses of US$47.6 million was up 61.5% year-over-year primarily driven by non-cash share-based compensation and investments related to the Company ’ s Bitcoin treasury strategy, including capital markets activity, advisory, and infrastructure buildout.
·Positive Adjusted EBITDA of US$0.4 compared to an adjusted LBITDA of $3.5 million marks the first positive adjusted EBITDA reporting full year period for the Company.
·Cash and cash equivalents and short-term investments were US$21.7 million as of December 31, 2025.
·Shareholder's equity of US$78.9 million was up 600% due to the execution of the Company's bitcoin treasury build out.
H2 2025 Financial Summary
All amounts compared to H2 2024 unless otherwise noted
·Total revenue of US$23.6 million was up 16.6% year-over-year, reflecting the strategic exit from loss-making U.S. operations.
·Gross profit of US$7.1 million was up 15.1% year-over-year, supported by continued supply chain optimization, improved procurement efficiency, and favorable raw material costs.
·Operating expenses of US$44.4 million was up 107.6% year-over-year, primarily driven by share-based compensation and investments related to the Company ’ s Bitcoin treasury strategy.
Fiscal Year 2025 Bitcoin Summary
·" BTC Yield " KPI: Achieved BTC Yield of 122% in H2 and 1,493% since first purchase1 ( as of April 21, 2026 ) .
· Digital Assets: As of December 31, 2025, the Company held approximately 1,181 BTC. As of April 21, 2026, holdings increased to 2,383 BTC. During the twelve months ended December 31, 2025, the Company recorded an unrealized loss in the fair value of digital assets of $5.5 million.
Fiscal Year 2025 Capital Markets Summary
· Closed an aggregate of $528 million in strategic financing for Bitcoin treasury strategy:
o$26 million strategic PIPE investment from premier Bitcoin and digital asset investors, which included conversion of outstanding debt to further strengthen the balance sheet.
o$25 million by issuance of first tranche of convertible notes ( with committed additional capacity of up to $275 million available in subsequent drawdowns ) with Anson Funds.
o$2 million in a private placement from Anson Funds in addition to a $200 million equity line of credit.
· Filed a $500 million universal shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission ( SEC ) .
· Secured a $124 million equity financing round at $10.00 per Class A share, with $3 million personal investment from Founder and CEO Norma Chu.
· As of April 21, 2026, DDC has utilized a total $53 million of its $528 million strategic financing for its Bitcoin purchases. $275 million of convertible note and $200 million equity line of credit with Anson Funds remains undrawn. In addition, DDC has not utilized any of the $500 million universal shelf.
DDC has launched the DDC Treasury Intelligence Platform, a purpose-built AI operating system for managing the Company ’ s Bitcoin treasury with greater discipline, transparency, and long-term focus on shareholder value.
The Company believes it is among the first listed companies to invest dedicated infrastructure of this kind for corporate Bitcoin treasury management. At its core is the DDC Treasury Graph – a governed knowledge framework that unifies Bitcoin positions, market data, historical decisions, and outcomes into a continuously learning system.
The platform supports, rather than replaces, management judgement by structuring how treasury decisions are evaluated – improving decision quality, risk management, and transparency with clearly defined governance parameters.
Over time, DDC expects this capability to strength capital allocation efficiency and deliver superior risk-adjusted outcomes across market cycles, while laying the groundwork for broader AI decision systems across the Company and potential commercial applications for other organizations.
Earnings Conference Call
DDC hosted its Fiscal Year 2025 earnings conference call at 8:30 am ET on April 21, 2026. View it here：https://edge.media-server.com/mmc/p/cwsa87jd/
About DDC Enterprise Limited
DDC Enterprise Limited ( NYSEAMERICAN: DDC ) is participating proactively in the corporate Bitcoin treasury evolution while maintaining its foundation as a leading global Asian food platform. The Company has strategically positioned Bitcoin as a core reserve asset while continuing to expand its portfolio of culinary brands. DDC is at the forefront of public companies integrating Bitcoin into their financial architecture. For more informationkai云体育网页app登陆入口2026(官方)APP下载IOS/Android通用版/手机app v13.1.37, visitwww.ddc.xyz.