Investment Rating - The report does not provide a specific investment rating for the company, but it suggests to actively monitor the company due to its significant advantages in the sector and strong performance indicators [4]. Core Insights - The company reported a Q3 GMV of 7.267 billion yuan, a year-over-year increase of 28.3%, and revenue of 6.538 billion yuan, up 27.2% year-over-year. Non-GAAP net profit reached 162 million yuan, a remarkable increase of 942% year-over-year, with a Non-GAAP net profit margin of 2.5%, up 2.2 percentage points year-over-year [1]. - All regions showed positive GMV growth, with the company adjusting its annual warehouse opening expectations upwards, planning to open approximately 110 warehouses this year, an increase from the previous target of 80 [2]. - User metrics improved significantly, with monthly active users reaching 8.22 million, a year-over-year increase of 24.5%, and the average revenue per user (ARPU) also showing a positive trend [3]. - The company achieved a gross margin of 29.8% in Q3, with a fulfillment cost ratio of 21.4%, reflecting efficiency improvements due to increased order volume [4]. Summary by Sections Financial Performance - Q3 GMV was 72.67 billion yuan, with a year-over-year growth of 28.3% - Revenue for Q3 was 65.38 billion yuan, up 27.2% year-over-year - Non-GAAP net profit reached 1.62 billion yuan, a 942% increase year-over-year, with a Non-GAAP net profit margin of 2.5% [1] Operational Metrics - The company opened 80 new warehouses by Q3, with plans to reach 110 by year-end - Monthly active users reached 8.22 million, with a 24.5% year-over-year increase - Monthly order frequency for users was 4.4 times, up 6.1% year-over-year [2][3] Cost Management - Q3 gross margin was 29.8%, with a fulfillment cost ratio of 21.4%, down 1.8 percentage points year-over-year - Management expenses were 1.02 billion yuan, with a management expense ratio of 1.6% [4]

预计今年以及四季度的净利润和规模依然会保持较大幅度的同比增长。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，叮咚买菜（NYSE：DDL）于11月6日发布了2024年第三季度财报，其规模与净 利润均创新高。 财 报 显 示 ， 叮 咚 买 菜 第 三 季 度 GMV 72.7 亿 元 ， 同 比 增 长 28.3%； 营 收 65.4 亿 元 ， 同 比 增 长 27.2%。 值得一提的是， 叮咚买菜 第三季度 在Non-GAAP标准下实现了1.6亿元的净利润，同比增长 9倍 以上，净利润率 为 2.5%；同时 ， 在GAAP标准下，净利润 为 1.33亿元，同比增长超62倍。至 此，叮咚买菜已经实现了连续八个季度在Non-GAAP标准下的盈利，并且在今年连续实现了GAAP 标准下盈利，收入 亦连 续三个季度实现了同比正增长。 截至2024年第三季度末，叮咚买菜拥有包括现金及现金等价物、短期受限资金和短期投资在内的现 金储备为43亿元。 的高密度布局也将帮助叮咚买菜继续优化履约成本和效率。而除了江浙沪，叮咚买菜北京和广深区域 也实现了规模的稳定增长 ...

SHANGHAI, Nov. 6, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced its unaudited financial results for the quarter ended September 30, 2024.Third Quarter 2024 Highlights: GMV for the third quarter of 2024 increased by 28.3% year over year to RMB7,267.0 million (US$1,035.5 million) from RMB5,665.4 million in the same quarter of 2023. All regions experienced p ...

SHANGHAI, Nov. 1, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 6, 2024.The Company will hold an earnings conference call at 7:00 A.M. Eastern Time on Wednesday, November 6, 2024 (8:00 P.M. Beijing Time on the same day) t ...

掘金优质中概系列：叮咚买菜（NYSE:DDL）深度报告 垂类龙头，聚焦战略和格局改善共促利润 2024 年 08 月 16 日 ➢ 叮咚买菜布局"总仓+前置仓"模式，深耕生鲜即时零售。2017 年叮咚在 上海创立，2017-2019 年侧重于本地拓展，2020 年-2021H1 提高开新城速 度，21Q3 起确定"效率优先，兼顾规模"战略，重新聚焦更为核心的江浙沪区 域，截至 2023 年前置仓数量约为 1000 个。战略调整以来，叮咚经营质量持续 提升，22Q4-24Q2 已实现连续 7 个季度 Non-GAAP 口径盈利，24Q1&Q2 进 一步实现 GAPP 口径盈利，2024 上半年新增近 40 个前置仓，GMV 重回正增 长，预计全年开出约 80 个新仓。 ➢ 生鲜电商运营模式多元，前置仓模式即时性强，叮咚更加垂直。2016- 2022 年中国生鲜电商市场高速成长，CAGR 达 34.2%，2022 年市场规模达 3638 亿元，市场空间广阔。生鲜电商运营模式多样，前置仓模式配送即时性 强，用户体验好。对比前置仓&店仓一体赛道其他企业，叮咚持续打磨小仓模 型，单仓 SKU 结构较精简，生鲜品类占比更 ...

Investment Rating - The investment rating for the company is "Buy" [2][10]. Core Insights - The company's performance is in line with expectations, benefiting from an improved competitive landscape and enhanced profitability, particularly in the core Jiangsu and Zhejiang markets, where expansion based on profitability has resumed [5]. - In Q2 2024, the company achieved revenue of 5.599 billion RMB, representing a year-on-year increase of 15.67%, and an adjusted net profit of 105 million RMB, compared to 5.41 million RMB in Q2 2023. The GMV for Q2 2024 was 6.219 billion RMB, up 16.79% [5]. - The company has restarted regional expansion, opening 25 new warehouses in Q2 2024, with a total of 40 opened in the first half of 2024, indicating a positive trend in growth and scale effects [5]. Financial Summary - Revenue for the company has shown significant growth over the years, with a forecasted revenue of 22.29 billion RMB for 2024, up from 19.97 billion RMB in 2023, marking an increase of 11.62% [6]. - The adjusted net profit is expected to improve to 340.95 million RMB in 2024, compared to 36.73 million RMB in 2023, indicating a recovery in profitability [6]. - The gross profit margin has slightly decreased by 1 percentage point year-on-year, while the marketing expense ratio has increased by 0.48 percentage points, reflecting the company's strategy to support expansion through user incentives and marketing investments [5].

Investment Rating - The report assigns an "Accumulate" rating for the company Dingdong Maicai (DDL.N) [2][10]. Core Insights - The company's performance is in line with expectations, benefiting from an improved competitive landscape and enhanced profitability, particularly in the core Jiangsu and Zhejiang markets, leading to a resumption of expansion based on profitability [5]. - Dingdong Maicai reported a revenue of 5.599 billion RMB, representing a year-on-year increase of 15.67%, and an adjusted net profit of 105 million RMB for Q2 2024, compared to 5.41 million RMB in Q2 2023 [5]. - The company's Gross Merchandise Volume (GMV) for Q2 2024 reached 6.219 billion RMB, marking a 16.79% increase [5]. Summary by Sections Financial Performance - Revenue for 2024E is projected at 22.292 billion RMB, with a growth rate of 11.62% compared to the previous year [6]. - The adjusted net profit is expected to improve significantly, reaching 340.95 million RMB in 2024E, with a net profit margin of 1.53% [6]. Market Dynamics - The company has restarted its expansion in the Jiangsu and Zhejiang regions, opening 25 new warehouses in Q2 2024 and a total of 40 in the first half of 2024, with expectations for further increases in the number of new warehouses throughout the year [5]. - The growth in revenue and GMV is driven by the expansion in the Jiangsu and Zhejiang regions, increased average revenue per user (ARPU) in Shanghai, and growth in leisure product categories [5]. Strategic Focus - Dingdong Maicai is focusing on achieving profitable growth while enhancing user engagement and marketing investments, which may temporarily impact gross and profit margins but is seen as beneficial for long-term shareholder returns [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-40533 Dingdong (Cayman) Limited Building 1, 56 Fanchang Road Shanghai, 201201 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. For ...

Dingdong (Cayman) Limited (NYSE:DDL) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Nicky Zheng – Director-Investor Relations Changlin Liang – Founder and Chief Executive Officer Song Wang – Chief Financial Officer Conference Call Participants Thomas Chong – Jefferies Robin Leung – Daiwa Yang Bai – CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to the Dingdong Limited Second Quarter 2024 Earnings Conference Call. At t ...

Core Viewpoint - Dingdong (Cayman) Limited reported significant financial growth in the second quarter of 2024, achieving both GAAP and non-GAAP profitability for the seventh consecutive quarter, driven by strong supply chain capabilities and increased customer engagement [2][3][9]. Financial Performance - GMV for Q2 2024 increased by 16.8% year-over-year to RMB6,218.7 million (US$855.7 million) from RMB5,322.4 million in Q2 2023 [2]. - Revenue for Q2 2024 was RMB5,599.0 million (US$770.4 million), up 15.7% from RMB4,840.6 million in the same quarter of 2023 [4]. - Non-GAAP net income surged by 1268.6% year-over-year to RMB103.1 million (US$14.2 million), compared to RMB7.5 million in Q2 2023 [2][7]. - Net income for Q2 2024 was RMB67.1 million (US$9.2 million), a turnaround from a net loss of RMB36.6 million in Q2 2023 [7][8]. Cost Structure - Total operating costs and expenses rose to RMB5,612.8 million (US$772.3 million) from RMB4,866.9 million in Q2 2023 [5]. - Cost of goods sold increased by 17.3% to RMB3,919.4 million (US$539.3 million), with the percentage of revenues slightly increasing to 70.0% [5]. - Fulfillment expenses were RMB1,252.9 million (US$172.4 million), a 9.7% increase, but as a percentage of total revenues decreased to 22.4% [5]. Profitability Metrics - Non-GAAP net profit margin was 1.8%, up 1.6 percentage points from the previous year, while GAAP net profit margin was 1.2%, an increase of 2.0 percentage points year-over-year [6][7]. - Basic and diluted net income per share was RMB0.20 (US$0.00), compared to a net loss per share of RMB0.12 in Q2 2023 [8]. Cash Flow and Balance Sheet - Net cash provided by operating activities was RMB245.7 million (US$33.8 million), marking the fourth consecutive quarter of net operating cash inflow [2]. - As of June 30, 2024, cash and cash equivalents, restricted cash, and short-term investments totaled RMB4.16 billion (US$572.1 million) [8]. Future Outlook - The company has raised its expectations for profitability and scale, anticipating significant year-over-year growth for the third quarter and the entire year of 2024 [9].