fish Yu
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The Hong Kong-based cooking platform DayDayCook's parent company DDC Enterprise (US: DDC) announced its annual results on Friday (16th), while founder, chairman, and CEO Norma Chu announced the launch of a Bitcoin (BTC) reserve plan, immediately acquiring 100 Bitcoins, with a goal of reserving 500 Bitcoins within 6 months and accumulating 5,000 Bitcoins over 36 months.
Benefiting from this news, DDC's stock rose by 14% on Friday, closing at $4.3, with a market capitalization of $13.55 million.
Last year, DDC reported revenue of 273 million yuan (Renminbi, same below), a 33% year-on-year increase, primarily due to its acquisition of the American Thai food brand Yai's Thai and the continued resilience of its core business in China. DDC stated that its adjusted LBITDA (loss before interest, taxes, depreciation, and amortization) was 25.4 million yuan, narrowing from 38.6 million yuan in 2023; the reported net loss was 157 million yuan, a year-on-year reduction of 3.1%.
Benefiting from this news, DDC's stock rose by 14% on Friday, closing at $4.3, with a market capitalization of $13.55 million.
Last year, DDC reported revenue of 273 million yuan (Renminbi, same below), a 33% year-on-year increase, primarily due to its acquisition of the American Thai food brand Yai's Thai and the continued resilience of its core business in China. DDC stated that its adjusted LBITDA (loss before interest, taxes, depreciation, and amortization) was 25.4 million yuan, narrowing from 38.6 million yuan in 2023; the reported net loss was 157 million yuan, a year-on-year reduction of 3.1%.
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