SHANGHAI, July 10, 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 second quarter ended June 30, 2024, before U.S. markets open on August 7, 2024.The Company will hold an earnings conference call at 8:00 A.M. Eastern Time on Wednesday, August 7, 2024 (8:00 P.M. Beijing Time on the same day) to discu ...

叮咚买菜公司更新报告：受益格局改善，有望重回增长 ...

股 票研究 海外公司一 一美国 券研究报告 国泰君安证券 GUOTAIJUNANSECURITIES 批零贸易业 叮咚买菜（DDL.N） 格局优化，重回增长 评级： 当前价格（美元）： 增持 1.82 2024.05.14 叮咚买菜24Q1业绩点评 刘越男(分析师) 于清泰(分析师) 021-38677706 021-38022689 网 liuyuenan@gtjas.com yuqingtai@gtjas.com 证书编号 S0880516030003 S0880519100001 交易数据 52周内股价区间（美元） 1.07-3.54 当前股本（百万股） 354 当前市值（百万美元） 430 本报告导读： 受益格局改善及需求回暖，持续盈利，核心上海周边市场已经重启扩张。 摘要： 业绩符合预期，增持。公司聚焦核心市场和盈利提升，现金流大幅改 善。并通过自身效率提升和区域密度经济，持续实现经调整口径连续 6个季度盈利。互联网平台部分细分赛道已经进入格局改善，龙头受 益竞争趋缓的阶段，利润率有望明显回暖。 业绩简述：公司2024Q1实现营业收入50.24亿/+0.53%，GAAP归母 净亏损662万，经调整归 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company achieved a GMV of RMB 5.53 billion and a non-GAAP net profit of RMB 41.482 million, both showing year-over-year increases [7][16] - The revenue for Q1 2024 was RMB 5.02 billion, marking a year-over-year increase of 0.5%, while the non-GAAP net profit margin rose to 0.8%, an increase of 0.7 percentage points year-over-year [15][16] - The company recorded GAAP profitability with a net profit margin of 0.2%, up by 1.3 percentage points year-over-year, and a net profit growth of RMB 64.666 million [16] Business Line Data and Key Metrics Changes - The total sales in categories like food, dairy drinks, convenience goods, and bakery products increased by approximately 8% year-over-year in March 2024 [17] - The average daily order volume at frontline fulfillment stations rose by 16% year-over-year, indicating improved operational efficiency [19] Market Data and Key Metrics Changes - The Shanghai market rebounded with a year-over-year growth of 2.7% in Q1, while GMV in Jiangsu and Zhejiang achieved year-over-year growth of 16.6% and 14.8% respectively [18] - The company has added 15 new frontline stations in Jiangsu and Zhejiang, with the average daily order volume of these new stations exceeding 650 [18] Company Strategy and Development Direction - The company aims to enhance its fresh grocery supply chain capabilities to drive growth and profitability, focusing on improving end-to-end efficiency and product quality [10][12] - The strategic advantages of the supply chain capabilities are expected to play a crucial role in boosting profits and scale, with forecasts for considerable year-over-year growth in Q2 and throughout 2024 [15] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of creating value for consumers and maintaining a long-term perspective in the challenging fresh grocery business [29] - The company has successfully navigated challenges during the pandemic and is now focusing on efficiency while maintaining scale [28] Other Important Information - The company achieved a net operating cash inflow of RMB 95 million in Q1, marking its third consecutive quarter of net operating cash inflow [21] - The actual self-owned fund balance reached RMB 2.09 billion, indicating a net increase for the third consecutive quarter [16] Q&A Session Summary Question: What have been some of the biggest lessons and accomplishments for the company over the past seven years? - The company acknowledged that while it has not achieved significant accomplishments, it has learned the importance of doing what is right, even when challenging, and adapting to market changes [27][28] Question: Can you provide an update on the progress since Q1 regarding the grocery element? - The company has launched a new service model with physical fresh grocery outlets to cater to the elderly, with initial sales exceeding RMB 40,000 daily [31] Question: Why has the company's cash balance decreased compared to the last quarter? - The decrease is attributed to proactive measures to adjust the balance sheet structure, not operational activities, with a focus on optimizing financing and improving capital efficiency [35][36]

Financial Performance - Dingdong achieved a GMV of 5.53 billion RMB in Q1, a 1.4% year-over-year increase[5] Excluding the impact of strategic suspensions in certain cities, existing GMV increased by 4.4% year-over-year[5] - The company reported a net profit of 12.3 million RMB with a margin of 0.2%[5] - Non-GAAP net profit reached 41.5 million RMB with a margin of 0.8%, representing a 583.2% year-over-year increase[5] - Net operating cash inflow was 94.8 million RMB[5] - March saw a GMV of 1.97 billion RMB, a 6.5% year-over-year increase, and a non-GAAP net profit of 41.5 million RMB with a margin of 2.3%, a 76.8% year-over-year increase[5] Operational Efficiency - The turnover period for fresh groceries is 5 days[6] - The end-to-end loss rate is 1.5%[6] Regional Growth - GMV of Shanghai rebounded with a 2.7% year-over-year growth in Q1 and almost 10% year-over-year growth in March[12] - GMV of Jiangsu and Zhejiang achieved year-over-year growth of 16.6% and 14.8%, respectively, in Q1[12] Financial Position - The company has a self-owned fund balance of 2.09 billion RMB, showing a net increase for the third consecutive quarter[18]

SHANGHAI, May 13, 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 March 31, 2024. First Quarter 2024 Highlights:  GMV for the first quarter of 2024 increased by 1.4% year over year to RMB5,525.1 million (US$765.2 million) from RMB5,451.2 million in the same quarter of 2023, while our same-store GMV grew ...

SHANGHAI, April 19, 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 filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on April 19, 2024. The Annual Report can be accessed on the Company's investor relations website at https://ir.100.me. The Company will also provide a hard cop ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

持续降本增效，全年如期盈利 ——2023 年四季报点评 叮咚买菜（DDL.N）/零售 证券研究报告/公司点评 2024 年3月 11日 [Table_Industry] [评Ta级ble：_T增itle持] （维持） [公Ta司ble盈_F利in预anc测e1及] 估值 市场价格：1.40美元 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 24221 19971 20617 21371 22153 分析师：苏畅 增长率 yoy% 20% -18% 3% 4% 4% 执业证书编号：S0740523110001 净利润（百万元） -807 -91 2 79 118 电话：021-20315125 增长率 yoy% 91% 108% 235% 50% 17% 每股收益（元） -1.45 0.11 0.47 0.71 0.82 Email：suchang@zts.com.cn 净资产收益率 -260% -24% 1% 17% 20% 分析师：王旭晖 P/E -3 -26 1197 30 20 执业证书编号：S0740523110003 P/S 0.12 0.10 0.10 0. ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected price increase of over 15% in the next 6-12 months [3][11]. Core Insights - The company reported a revenue of 4.993 billion RMB in Q4 2023, a year-on-year decrease of 19.47%, with a Non-GAAP net profit of 16.25 million RMB, resulting in a Non-GAAP net profit margin of 0.33% [1]. - For the full year 2023, the company achieved a revenue of 19.971 billion RMB, down 17.55% year-on-year, but recorded its first annual Non-GAAP net profit of 45.37 million RMB, with a margin of 0.23% [1]. - The company's GMV for 2023 reached 21.97 billion RMB, with an average order value (AOV) growth of 23% to 72.1 RMB compared to 2021 [2]. - The service revenue returned to growth in Q4 2023, amounting to 7.1 million RMB, primarily driven by membership fees [2]. - The penetration rate of private label products increased to 21.1% in Q4 2023, with a user penetration rate of 73.6% [2]. - The company demonstrated improved operational efficiency, with a fulfillment cost ratio of 23.6%, a decrease of 0.5 percentage points year-on-year [2]. Financial Projections - The projected Non-GAAP net profits for 2024, 2025, and 2026 are 118 million RMB, 247 million RMB, and 353 million RMB, respectively, with corresponding P/E ratios of 16.42x, 7.81x, and 5.47x [3][5].