Core Insights - Dingdong Maicai reported a GMV of 5.96 billion yuan for Q1, representing a year-on-year growth of 7.9% [1] - The company achieved revenue of 5.48 billion yuan, with a year-on-year increase of 9.1%, marking five consecutive quarters of positive growth [1] - Non-GAAP net profit for the quarter was 30 million yuan, while GAAP net profit was 8.017 million yuan, maintaining profitability under both standards for ten and five consecutive quarters respectively [1] Business Adjustments - The company underwent significant organizational restructuring, breaking the original product development center into ten independent business units led by senior executives [1][2] - An app redesign is currently in internal testing, focusing on quality and health, with the addition of AI features [2] Strategic Initiatives - The implementation of the "4G" strategy, focusing on "good users, good products, good services, and good mindset," has begun to show results in Q1 [2] - The Shanghai region saw a GMV growth of 5.0%, while Zhejiang and Jiangsu regions experienced growth rates of 17.8% and 13.9% respectively, with all cities reporting positive year-on-year growth [2] User Engagement - Order volume increased by 12.1% year-on-year, and daily active users rose by 4.5% [2] - Monthly average order frequency reached 4.1 times, reflecting a 2.4% year-on-year increase in user stickiness [2] B2B Expansion and Internationalization - Dingdong Maicai is expanding its B2B channels and international presence, having partnered with companies like Lee Kum Kee and DFI to sell products in over 30 countries [3] - B2B revenue grew by 64.6% year-on-year, indicating steady development in this segment [3] Financial Position and Outlook - As of the end of Q1, the company had cash and cash equivalents, short-term restricted funds, and short-term investments totaling 4.29 billion yuan [3] - Management anticipates continued year-on-year growth in Q2, with expectations to maintain Non-GAAP profitability and significant improvements in scale and profit margins by year-end [3]