On March 6, Jinshi Data News, Dingdong Buy Vegetables (DDL.N) released the fourth quarter financial report and annual performance data for 2024. The financial report shows that Dingdong Buy Vegetables achieved a GMV of 65.5 billion yuan in Q4, a rise of 18.4% year-on-year; revenue was 59.1 billion yuan, a rise of 18.3% year-on-year. For the full year of 2024, Dingdong Buy Vegetables achieved a GMV of 255.6 billion yuan, a rise of 16.3% year-on-year; revenue reached 230.7 billion yuan, a rise of 15.5% year-on-year. Under the Non-GAAP standard, a net profit of 4.2 billion yuan was achieved, a rise of more than 8 times year-on-year. Dingdong Buy Vegetables also achieved annual profitability for the first time under the GAAP standard this year.
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