以下文章来源于36氪财经 ，作者谢芸子 郑怀舟 36氪财经 . 另据该人士透露，2025年，包括京东七鲜超市、仓店在内，北京地区计划新增至少数十家门店。就此，36氪问询京东七鲜仓店的具体开店情况，仍未得到回 复。 七鲜超市沙河仓店，图片来自36氪 值得注意的是，京东的前置仓并不仅限于七鲜超市。某种程度而言，京东七鲜也通过仓店业务的布局，找到了重点的发力方向。 2018年1月，在北京亦庄大族广场，京东首家线下生鲜超市7FRESH正式营业，这是京东在生鲜领域的一次新尝试。彼时，被阿里寄予厚望的新零售"排头 兵"盒马，已在全国开出25家门店。 36氪旗下官方账号。洞见市场，比99%的投资者更聪明。 生鲜行业会否再度掀起价格战，仍不得而知。 文 ｜ 谢芸子 编辑 ｜ 郑怀舟 来源｜ 36氪财经（ID： krfinance ） 封面来源 ｜ 视觉中国 近日，36氪从多处信源获悉，京东旗下自营超市"京东七鲜"正加速布局仓店，计划于今年6月底在天津新增20家仓店，北京等地也有相关布局。 2024年9月，京东七鲜超市的北京丰台区宋家庄仓店开业，主打"最快30分钟送达"，以品质、低价和高时效性吸引消费者。据此前《联商网》的报道 ...

特朗普或将延长 TikTok 出售期限。 制造业长期依赖很难被数字世界的技术改造和重塑，比如在互联网时代就有一批创业者和大公司下 场尝试，但多以失败告终；但 AI 或许带来了新的机会，毕竟十年前就提到的 "超级大脑" 现在终于 有技术路径实现了。 宝马或因不符合 USMCA 条款被征收高额加墨关税。 特朗普本周对遵守美墨加协定（USMCA）的汽车厂商给予一个月的关税缓征期，市场预期特朗普 或将削弱对加墨两国的关税，包括福特汽车、通用汽车、Stellantis 在内的部分汽车厂商股价出现反 弹。大众汽车于周四表示，其在北美生产的汽车符合 USMCA 的要求，或避免受到新关税政策的 影响；马自达也表示，未来 30 天内，其在墨西哥生产的 Mazda3 和 CX-30 也不会受到关税影响， 但正在等待政府的最终明确指导。 本周四，美国总统特朗普在白宫回应有关 TikTok 的问题时表示，如果 4 月 5 日前无法达成协议， 他可能会延长 TikTok 的出售期限。 不过，宝马的情况并不乐观。宝马的一位发言人对媒体表示，宝马反对加征关税，其在美国和墨西 哥生产的汽车不符合 USMCA 的规定，可能会被征收高额关税。据 ...

Financial Performance - In Q4 2024, Dingdong achieved revenue of RMB 5.91 billion, an increase of 18.3% year-over-year[10] - Gross Merchandise Volume (GMV) for Q4 2024 was RMB 6.55 billion, reflecting an 18.4% year-over-year growth[12] - Non-GAAP net income for Q4 2024 surged by 617.9% year-over-year to RMB 116.7 million, marking the ninth consecutive quarter of non-GAAP profitability[12] - GAAP net income for Q4 2024 was RMB 91.6 million, compared to a net loss of RMB 4.4 million in the same quarter of 2023[12] - Total revenues for the three months ended December 31, 2024, increased to RMB 5,905,022, representing a growth of 18.2% compared to RMB 4,993,454 in the same period of 2023[38] - Product revenues rose to RMB 5,822,527, up 18.3% from RMB 4,922,419 year-over-year[38] - Net income attributable to ordinary shareholders for the three months ended December 31, 2024, was RMB 89,182, compared to a net loss of RMB 6,618 in the same period of 2023[40] - Operating margin improved to 1.1% for the three months ended December 31, 2024, compared to a negative margin of 0.4% in the same period of 2023[44] - Non-GAAP net income for the three months ended December 31, 2024, was RMB 116,664, significantly up from RMB 16,251 in the same period of 2023[44] - Basic net income per share for the three months ended December 31, 2024, was RMB 0.27, compared to a loss of RMB 0.02 in the same period of 2023[40] Cash Flow and Assets - Operating net cash inflow for Q4 2024 was RMB 190.9 million, resulting in positive net inflow for six consecutive quarters[10] - Cash and cash equivalents at the end of the period were RMB 890,215, a decrease from RMB 1,209,705 at the beginning of the period[43] - The company reported a net cash generated from operating activities of RMB 190,878 for the three months ended December 31, 2024, compared to RMB 119,835 in the same period of 2023[43] Liabilities and Assets - Total assets as of December 31, 2024, were RMB 7,117,648, down from RMB 7,698,556 as of December 31, 2023[36] - Total liabilities decreased to RMB 6,193,634 as of December 31, 2024, from RMB 7,199,932 as of December 31, 2023[34] Revenue Breakdown - Product revenues reached RMB 5.82 billion, up from RMB 4.92 billion in Q4 2023[13] - Service revenues increased to RMB 82.5 million, driven by growth in the membership program[13] Future Outlook - The company aims to sustain year-over-year growth and achieve non-GAAP profits in Q1 2025[21] - Dingdong is committed to enhancing product development capabilities and investing in agricultural technology and data algorithms[20]

Financial Data and Key Metrics Changes - The company achieved non-GAAP profitability for the ninth consecutive quarter and GAAP profitability for the fourth consecutive quarter [3] - Positive year-over-year revenue growth has been recorded for four straight quarters, indicating stable profitability and a solid foundation for future development [3] Business Line Data and Key Metrics Changes - Specific data on individual business lines was not provided in the call, but the focus on quality products and collaboration with suppliers was emphasized [5][7] Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the call Company Strategy and Development Direction - The company is focusing on producing high-quality products and has implemented strategies to collaborate with suppliers for product development [5] - The company has its own factory for food research, development, production, and processing, which supports the development of strong products [7] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's stable profitability and growth trajectory, which lays a solid foundation for future development [3] Other Important Information - No additional important information was provided during the call Q&A Session Summary Question: Importance of producing quality products and strategy for high-quality items - The management was asked about the importance of quality products and strategies for developing them, including examples of collaboration with suppliers [5] Question: Development of strong products using the company's own supply chain - A follow-up question inquired about examples of developing strong products using the company's own supply chain, given its factory capabilities [7]

Group 1 - Dingdong (Cayman) Limited reported its Q4 numbers positively received by the investing community [1] - The company is expected to discuss its outlook for 2025 [1] Group 2 - The article emphasizes a long-term investment strategy, focusing on a mix of growth, value, and dividend-paying stocks [1]

实现全面盈利。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 2024年全年，叮咚买菜实现GMV 255.6亿元，同比增长16.3%；收入为230.7亿元，同比增长 15.5%。 在Non-GAAP标准下，叮咚买菜 全年 实现净利润4.2亿元，同比增长8倍以上，值得一提 的是，其今年也首次实现了全年GAAP标准下的盈利。 据IPO早知道消息，叮咚买菜于3月6日发布了2024年第四季度财报及全年业绩数据。 财报显示，叮咚买菜在2024年第四季度实现了65.5亿元GMV，同比增长18.4%；收入为59.1亿 元，同比增长18.3%。在Non-GAAP标准下，第四季度实现净利润1.2亿元，同比增长6倍以上； GAAP标准下同样实现了0.9亿元净利润，净利润率为1.6%。 2024年 ， 叮咚买菜经营性现金净流入达到历史最高的9.3亿元 ；截至 2024 年 1 2 月 3 1 日 ， 叮咚买菜持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余额为 44.5亿元。 从运营数据来看，在现有区域的渗透方面，叮咚买菜2024年覆盖范围内有22个城市的GMV获得了 双位数的增长 ...

Core Insights - Dingdong (Cayman) Limited achieved non-GAAP profitability for the ninth consecutive quarter and GAAP profitability for the fourth consecutive quarter, indicating strong financial performance and growth momentum [3][4][10] - The company reported a revenue of RMB 5.91 billion (approximately US$ 809 million) for Q4 2024, representing an 18.3% year-over-year increase, driven by higher user penetration, improved conversion rates, and increased average revenue per user (ARPU) [3][4][5] - Dingdong's gross merchandise volume (GMV) reached RMB 6.55 billion (approximately US$ 897 million), marking an 18.4% year-over-year rise, reflecting consistent growth over four consecutive quarters [5][6] Financial Performance - Total revenues for Q4 2024 were RMB 5,905.0 million (US$ 809.0 million), up from RMB 4,993.5 million in Q4 2023, an increase of 18.3% year-over-year [4][5] - Non-GAAP net income surged by 617.9% year-over-year to RMB 116.7 million (US$ 16.0 million), compared to RMB 16.3 million in the same quarter of 2023 [10][32] - GAAP net income for Q4 2024 was RMB 91.6 million (US$ 12.5 million), a significant turnaround from a net loss of RMB 4.4 million in Q4 2023 [9][10] Cost Structure - Total operating costs and expenses for Q4 2024 were RMB 5,848.0 million (US$ 801.2 million), compared to RMB 5,029.8 million in the same quarter of 2023 [5][28] - Cost of goods sold increased by 18.8% year-over-year to RMB 4,120.8 million (US$ 564.5 million), with the cost of goods sold as a percentage of revenues slightly increasing to 69.8% from 69.4% [6][28] - Fulfillment expenses rose by 9.1% year-over-year to RMB 1,278.9 million (US$ 175.2 million), but as a percentage of total revenues, it decreased to 21.7% from 23.5% in the same quarter of 2023 [6][7] Cash Flow and Liquidity - Operating net cash inflow for Q4 2024 was RMB 190.9 million (US$ 26.2 million), marking the sixth consecutive quarter of positive net inflow [5][12] - Cash and cash equivalents, restricted cash, and short-term investments totaled RMB 4,452.2 million (US$ 609.9 million) as of December 31, 2024, down from RMB 5,309.7 million a year earlier [12][24] Future Outlook - The company aims to sustain year-over-year growth in scale and achieve non-GAAP profits in Q1 2025, indicating a positive outlook for continued financial performance [13]

Investment Rating - The report indicates that major players in the fresh e-commerce sector, including Meituan Youxuan, Hema, Dingdong Maicai, and Pupu Supermarket, received a rating of "Not Rated" for 2024 [4][22][32][38]. Core Insights - The fresh e-commerce industry in China is entering a new phase of quality competition, with companies like Hema increasing cold chain investments to ensure freshness, while Xingsheng Youxuan is expanding direct supply from production areas to reduce procurement costs. However, issues such as pesticide residue, cold chain interruptions, and significant price fluctuations remain prevalent, indicating a need for improvement in the industry's healthy development [3][6]. - The report highlights that the top companies facing consumer complaints include Meituan Youxuan, Hema, Dingdong Maicai, Pupu Supermarket, Huayili, Nianfeng Dandajia, and Meicai.com, with previous complaints also noted against Yonghui Supermarket, Duopoint, Wochu, and others [3]. Summary by Sections Overall Data - Complaint types in the fresh e-commerce sector for 2024 include product quality (41.67%), refund issues (12.50%), shipping problems (10.42%), and unfair terms (8.33%), among others [7]. - The top regions for complaints are Guangdong (27.08%), Zhejiang (10.42%), and Anhui (8.33%) [9]. - Gender distribution of complaints shows 54.17% from female users and 45.83% from male users [12]. - Complaint amounts are primarily in the range of 0-100 RMB (52.08%), followed by 100-500 RMB (12.50%) [15]. Rating Data and Typical Cases - Meituan Youxuan received "Not Rated" status with 15 instances of consumer complaints related to product quality, network fraud, and refund issues [16][17]. - Hema also received "Not Rated" status with 9 instances of complaints regarding shipping issues and product quality [22][23]. - Dingdong Maicai was rated "Not Rated" with complaints primarily about unfair terms and product quality [32][33]. - Pupu Supermarket received "Not Rated" status with complaints about product quality and refund issues [38][39]. - Huayili received "Not Rated" status with complaints related to shipping and refund problems [44]. - Nianfeng Dandajia received "Not Rated" status with complaints primarily about shipping issues [48]. - Meicai.com was rated "Not Recommended" with complaints about product quality [50].

Core Viewpoint - Dingdong (Cayman) Limited, a leading fresh grocery e-commerce company in China, is set to report its unaudited financial results for Q4 2024 on March 6, 2025, before U.S. markets open [1]. Company Overview - Dingdong is recognized as the leading fresh grocery e-commerce company in mainland China, focusing on sustainable long-term growth [3]. - The company provides users and households with fresh groceries, prepared food, and other food products, emphasizing a convenient shopping experience supported by an extensive self-operated fulfillment grid [3]. - Dingdong has launched a series of private label products across various food categories, many of which are produced in its own production plants, ensuring the efficient production of safe and high-quality food products [3]. - The company's goal is to become the first choice for fresh and food shopping in the market [3]. Earnings Conference Call - An earnings conference call will be held on March 6, 2025, at 7:00 A.M. Eastern Time to discuss the financial results, with management's remarks and Q&A conducted in both English and Mandarin [2]. - Dial-in details for the conference call are provided for international, U.S., and China toll-free numbers, along with a conference ID [2]. - A replay of the call will be available until March 13, 2025, and a live and archived webcast will be accessible on the company's investor relations website [2].

Core Viewpoint - Dingdong (Cayman) Limited (NYSE: DDL) has received an upgrade in stock rating from Hold to Buy due to its third quarter net income exceeding expectations and strong growth anticipated for Q4 2024 and FY 2024 [1] Group 1: Company Performance - Dingdong's third quarter net income surpassed market expectations, indicating robust financial performance [1] - The company is projecting strong growth for the fourth quarter of 2024 and the full fiscal year 2024, suggesting positive future outlook [1] Group 2: Investment Strategy - The research service Asia Value & Moat Stocks focuses on identifying Asia-listed stocks with significant discrepancies between market price and intrinsic value, particularly in the Hong Kong market [1] - The investment strategy emphasizes deep value balance sheet bargains and wide moat stocks, targeting undervalued assets and high-quality businesses [1]