Welcome to our dedicated page for DDC Enterprise SEC filings (Ticker: DDC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DDC Enterprise Limited filings document foreign private issuer reports on operating results, treasury activities, capital structure and governance. The company's Form 6-K disclosures furnish earnings releases, investor presentations and updates on the Bitcoin treasury strategy, including the DDC Treasury Intelligence Platform and related management-analysis framework.
The filing record also covers material definitive agreements for ordinary-share and senior convertible preferred-share issuances, lock-up and registration-rights arrangements, Class A and Class B ordinary share matters, advisory board appointments and legal-function changes. These records connect DDC's consumer food operations, digital asset treasury activity and financing program to formal SEC disclosure.
DDC Enterprise Limited reports continued losses in 2025 while showing early signs of operational improvement. Total revenues were RMB274.0 million (US$39.2 million), broadly flat versus 2024. Gross profit rose to RMB86.2 million (US$12.3 million), lifting gross margin to 31.4% from 28.4%.
Heavy expenses, including RMB218.3 million (US$31.2 million) of share-based compensation and impairment charges, drove a net loss of RMB338.0 million (US$48.3 million). Cash used in operating activities increased to RMB277.6 million (US$39.7 million), while cash at year-end fell to RMB21.1 million (US$3.0 million).
Management highlights adjusted EBITDA, which improved from a loss of RMB25.4 million in 2024 to a positive RMB2.9 million (US$0.4 million) in 2025. The report also outlines extensive risk factors, including reliance on consumer demand for ready-to-heat and ready-to-eat products, international expansion challenges, regulatory and data security requirements in China, supply chain dependence and ongoing net losses.
DDC Enterprise Limited reported a planned private share placement to a single institutional investor. The company agreed to issue 5,627,871 Class A ordinary shares at USD 2.49 per share to Bristol Point Investment Limited under a Subscription Agreement dated March 19, 2026. As of the report date, DDC had 28,723,005 Class A ordinary shares issued and outstanding, so this represents a sizable new issuance. The closing is subject to customary conditions, including compliance with applicable NYSE American rules. The investor also signed a Lock-Up Agreement, committing not to sell or transfer the new shares for 365 days after closing, except for limited permitted transfers.
DDC Enterprise Ltd director Matthew Gene Mouw filed an initial ownership report listing his equity interests in the company. The filing shows he directly holds Class A ordinary shares, warrants, stock options, and restricted stock units, providing a detailed view of his current position.
His derivative holdings include warrants exercisable at $0.1600 per share with expiration dates in 2035, and stock options exercisable at $5.5000 per share with expirations also in 2035. He also reports multiple tranches of restricted stock units with a $0.0000 exercise price and expirations in 2035, alongside 20,000 Class A ordinary shares held directly.
DDC Enterprise Ltd officer Yu Yongkang filed an initial ownership report showing direct holdings of derivative securities rather than new trades. The filing lists warrants exercisable at $0.1600 for 100,000 and 300,000 underlying shares, stock options exercisable at $0.0400 for 906 shares and $5.5000 for 10,000 shares, and restricted stock units for 80,000 and 609,756 underlying shares at an exercise price of $0.0000. All entries are recorded as holdings, with no buy or sell transactions indicated.
DDC Enterprise Ltd director Lai Kwok Ho filed an initial ownership report listing derivative awards rather than new trades. He holds warrants covering 33,333 underlying shares at an exercise price of $0.1600 with expirations in 2035, stock options over 45,454 shares at $5.5000, and restricted stock units over 20,000 and 121,951 shares with no exercise price.
DDC Enterprise Ltd director Samuel Shih filed an initial ownership report showing derivative and equity awards. He holds warrants for 33,333 underlying shares at an exercise price of $0.1600 per share in two separate blocks, and stock options for 45,454 and 20,000 underlying shares at $5.5000 per share. He also holds 121,951 restricted stock units with a zero exercise price. These awards generally have expiration dates in 2035, indicating long-dated incentives tied to the company’s performance.
DDC Enterprise Ltd CEO and director Norma Ka Yin Chu filed an initial ownership report showing her equity position in the company. She directly holds 1,239,478 Class A Ordinary Shares and 1,750,000 Class B Ordinary Shares, plus several derivative awards.
Her derivatives include warrants exercisable at $0.16 per share tied to 800,000, 900,000 and 2,800,000 underlying shares, stock options for 88,000 shares at $5.50, and restricted stock units covering 320,000 and 1,829,268 shares. The report lists holdings only, with no recent purchases or sales.
DDC Enterprise Ltd’s Form 3 shows that Chief of Staff Ho Kok Kyu is reporting his initial equity interests in the company. He holds warrants tied to 300,000 Class A Ordinary Shares with a $0.16 exercise price expiring on December 30, 2035.
He also has several restricted stock unit (RSU) awards that each represent a right to receive one Class A Ordinary Share, covering 67,566, 437,500, and 813,008 underlying shares. In addition, he directly holds 286,547 Class A Ordinary Shares related to warrants and 103,042 Class A Ordinary Shares related to RSUs. The RSUs have no exercise price and no expiration date, and become shares over time as they vest under their award terms.
DDC Enterprise Limited released a Form 6-K sharing preliminary unaudited results for full-year 2025. The company expects record revenue and positive Adjusted EBITDA, driven by growth and margin expansion in its core consumer food business.
Core Consumer Food Business Adjusted EBITDA is projected between $5.5 million and $6.0 million for 2025, excluding Bitcoin-related costs and fair value adjustments. DDC also expanded its Bitcoin treasury to 2,183 BTC as part of a long-term strategy to use Bitcoin as a primary treasury reserve asset. Final audited 2025 results are expected in mid-April 2026.
DDC Enterprise Limited has agreed to issue 16,000,000 senior convertible preferred shares to Satoshi Strategic Investments Limited for an aggregate subscription amount of $32,800,000, as part of a refinancing initiative supporting its ongoing Bitcoin treasury strategy.
The preferred shares carry a 4.5% annual dividend on their stated value and are convertible, at the holder’s option, into Class A ordinary shares at a price equal to 150% of the five-day VWAP before closing, subject to anti-dilution adjustments. Closing depends on customary conditions and required approvals, and the parties plan a registration rights agreement for the conversion shares. DDC had 28,723,005 Class A ordinary shares outstanding as of this report.