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SHANGHAI - On Wednesday, Dingdong (NYSE:DDL), a leading fresh grocery e-commerce company in China reported third quarter results that showed continued profitability despite missing revenue expectations.
The company saw its shares rise 1.69% in pre-market trading after the results.
The company reported third quarter revenue of RMB6.66 billion ($935.9 million), up 1.9% YoY but falling short of analyst estimates of RMB6.8 billion. Adjusted earnings per share came in at RMB0.29 ($0.04), marking the company’s twelfth consecutive quarter of non-GAAP profitability and seventh straight quarter of GAAP profitability. Total orders increased by 2.2% compared to the same period last year.
"Despite a higher baseline compared to the same period last year, revenue has achieved year-over-year growth, which marks the seventh straight quarters," said Mr. Changlin Liang, Founder and Chief Executive Officer of Dingdong. "This sustained expansion and steady achievement of profit targets fully demonstrate Dingdong’s strategic resilience and execution excellence amid the current complex market and competitive landscape."
The company’s non-GAAP net income reached RMB101.3 million ($14.2 million), representing a 1.5% net profit margin, down from 2.5% in the same quarter of 2024. Dingdong maintained positive operating cash flow for the ninth consecutive quarter.
Mr. Song Wang, Chief Financial Officer, noted that by the end of the third quarter, "our actual cash owned increased to RMB3.03 billion" after deducting short-term borrowings.
For the fourth quarter of 2025, Dingdong expects to maintain scale year-over-year and achieve non-GAAP profits, continuing its focus on sustainable growth in China’s competitive grocery e-commerce market.
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