Revenue Performance
Profitability and Margins
Operational Highlights
Dingdong reported a net operating cash inflow of RMB 204.5 million during the fourth quarter, marking its tenth consecutive quarter of positive operating cash flow. The company concluded the 2025 fiscal year with a robust liquidity position, holding RMB 3.14 billion in cash and cash equivalents after deducting short-term borrowings. In a major strategic development announced shortly after the quarter’s close, Dingdong entered into a definitive agreement to sell its mainland China business operations to Meituan. Management has indicated that a substantial majority of the proceeds from this transaction will be utilized to fund share repurchases and shareholder dividends, effectively reshaping the company’s capital return profile.
