乐鱼体育 DDC Enterprise发布2025财年齿迹公告

公司创记录营业收入、调理后 EBITDA 初度转正；比特币握仓踏进天下前三十

•中枢浮滥食物业务握续改善，计算遵循与利润率同步耕种

•在慎重推出比特币储备策略后，扫尾 2026 年 4 月 21 日，公司握有 2，383 枚比特币

当先的亚洲食物平台及数字金钱储备企业DDC Enterprise Limited（NYSEAMERICAN: DDC；以下简称" DDC "或"公司"）当天发布扫尾 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浮滥食物业务的握续改善，也反应了比特币储备策略的初步遵循。

2025 财年财务选录

本次来回完成后，DDC 在天下上市公司比特币握仓排行中位列第 32 位，体现了公司将比特币行动中枢储备金钱的策略选拔。DDC 以为，比特币具备持久价值储存属性，可与其浮滥食物业务的握续膨胀酿成互补，并支握举座成本建树策略。

络续层不雅点

DDC 首创东谈主、董事长兼首席扩充官朱嘉盈女士示意：" 2025 年是 DDC 稳步上前的要津一年。公司杀青创记录的营业收入，调理后 EBITDA 初度转正，充分体现了中枢浮滥食物业务在计算遵循与利润率结构方面的握续改善。这一当先，成绩于咱们线下分销渠谈的拓展以及下千里阛阓的深度渗入。

"与此同期，咱们主动决议参加资源构建比特币储备策略，当今已踏进天下上市公司比特币握有者前三十强，按面前市价计算握仓市值约为 1.75 亿好意思元。尽管计划参加对下半年讲明盈利本领产生了影响，但这正反应了咱们构建自律成本建树框架、以期在持久内创造价值的强硬决心。"

朱女士进一步示意："迈入 2026 年，咱们将络续聚焦中枢业务增长，保握严格的成本步骤，并以稳当、具策略性的神情稳步鼓励比特币策略。咱们亦在握续参加相沿储备络续的 AI 基础步调，旨在耕种决议的一致性、透明度以及持久成本建树水平。"

2025 财年财务总览

除另行阐明外，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%，反应了公司策略性退出耗费的好意思国业务。在中枢阛阓中国，营业收入同比增长 9.8%，主要成绩于线下分销渠谈的拓展（包括下千里阛阓渗入率的耕种以及区域经销商配合关系的稳重），并最终带动销量耕种。

•毛利：1，230 万好意思元，同比增长 15.8%，主要成绩于供应链优化、采购遵循耕种以及原材料成本的有益变动。

•计算开支：4，760 万好意思元，同比增长 61.5%，主要由非现款股权激发及与公司比特币储备策略计划的参加运转，leyu体育包括成本阛阓行径、参谋人劳动以及基础步调开拓。

•调理后 EBITDA 初度转正：40 万好意思元，而上年同期为调理后计算耗费（LBITDA）350 万好意思元——这亦然公司初度在全年讲明期内杀青调理后 EBITDA 转正。

•现款、现款等价物及短期投资：扫尾 2025 年 12 月 31 日，系数 2，170 万好意思元。

•股东职权：7，890 万好意思元，同比增长约 600%，主要成绩于公司比特币储备策略的稳步鼓励。

2025 年下半年财务总览

除另行阐明外，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%，反应了公司策略性退出耗费的好意思国业务。

•毛利：710 万好意思元，同比增长 15.1%，成绩于供应链握续优化、采购遵循耕种以及原材料成本的有益变动。

•计算开支：4，440 万好意思元，同比增长 107.6%，主要由股权激发及与公司比特币储备策略计划的参加运转。

2025 财年比特币业务总览

•" BTC 收益率"要津遗弃目标：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（扫尾 2026 年 4 月 21 日）。

•数字金钱握仓：扫尾 2025 年 12 月 31 日，公司握有约 1，181 枚比特币；扫尾 2026 年 4 月 21 日，握仓已增至 2，383 枚比特币。在扫尾 2025 年 12 月 31 日止十二个月内，公司录得数字金钱公允价值变动的未杀青损失 550 万好意思元。

2025 财年景本阛阓总览

•为比特币储备策略完成累计 5.28 亿好意思元的策略性融资，具体包括：

•来自顶级比特币及数字金钱投资东谈主的 2，600 万好意思元策略性 PIPE 投资（含将存续债务调遣为股权以进一步强化金钱欠债表）；

•与 Anson Funds 完成首批 2，500 万好意思元可调遣单据的刊行（后续最高可追加索取 2.75 亿好意思元的痛快额度）；

•得回 Anson Funds 罕见 200 万好意思元的定向增发投资，并得回其 2 亿好意思元股权信贷额度（ELOC）；

•向好意思国证券来回委员会（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扩充官朱嘉盈女士个东谈主投资 300 万好意思元。

•扫尾 2026 年 4 月 21 日，DDC 在 5.28 亿好意思元策略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 亿好意思元可调遣单据及 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 慎重推出  DDC Treasury Intelligence Platform（DDC 储备智能平台）——一套专为络续公司比特币储备而打造的 AI 操作系统，旨在以更高水平的步骤性、透明度与持久股东价值导向扩充储备决议。

公司以为，其位列天下首批为企业比特币储备络续建树专用基础步调的上市公司之列。平台的中枢是DDC Treasury Graph（DDC 储备图谱）——一套受科罚框架管控的学问体系，将比特币握仓、阛阓数据、历史决议与扩充遗弃整合为一套握续学习的系统。

平台的定位是提拔而非替代络续层的决议判断：通过将储备决议的评估经过结构化，在了了界定的科罚参数下，耕种决议质料、风险络续水平与透明度。

DDC 预期，跟着时刻推移，该本领将耕种公司成本建树遵循，在各类阛阓周期中杀青更优的风险调理后酬报；同期也将为公司更宽敞的 AI 决议系统乃至翌日的对外营业化期骗奠定基础。

事迹电话会议

DDC 已于好意思东时刻 2026 年 4 月 21 日上昼 8：30 召开 2025 财年齿迹电话会议。细目请看望：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澜，同期谨守天下当先亚洲食物平台的中枢定位。公司已将比特币策略性地成立为中枢储备金钱，并握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 遥远身处前哨。更多信息，请看望   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 information乐鱼体育， visitwww.ddc.xyz.

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• 发布
• 2025
• 乐鱼体育
• DDC
• Enterprise