Dingdong(US:DDL)2024-05-13 17:13Financial 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]