Dingdong (Cayman) Ltd. ( (DDL) ) has released its Q1 earnings. Here is a breakdown of the information Dingdong (Cayman) Ltd. presented to its investors.
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Dingdong (Cayman) Limited is a prominent fresh grocery e-commerce company in China, known for its advanced supply chain capabilities and a focus on delivering fresh groceries and prepared foods directly to consumers.
In its first quarter of 2025 financial results, Dingdong reported a 7.9% year-over-year increase in GMV, reaching RMB5,960.7 million, and a 9.1% rise in revenue to RMB5.48 billion. The company has maintained non-GAAP profitability for ten consecutive quarters and GAAP profitability for five quarters, reflecting consistent growth.
Key performance metrics include a 12.1% increase in the total number of orders and a non-GAAP net income of RMB30.3 million. Despite a slight decrease in gross margin to 29.9%, the company achieved a GAAP net profit of RMB8.0 million and an operating net cash inflow of RMB85 million, indicating strong financial health.
Looking ahead, Dingdong aims to sustain its growth trajectory by focusing on its “narrow yet deep” strategy, emphasizing quality and stability in its product offerings. The management remains optimistic about achieving continued year-over-year growth and non-GAAP profitability in the upcoming quarters.