On the evening of August 7, Dingdong Maicai released its financial report for the second quarter of 2024 (from April 1 to June 30).
The financial report shows that Dingdong Maicai achieved a revenue of 5.6 billion yuan in the second quarter, with a year-on-year growth of 15.7%; the GMV achieved 6.22 billion yuan, with a year-on-year growth of 16.8%. In terms of profitability, a Non-GAAP net profit of 103 million yuan was achieved in this quarter, with a nearly 13-fold increase year-on-year. It is worth noting that it has achieved profitability under the GAAP standard again after the first quarter of this year.
In terms of data, the growth presented by Dingdong Maicai in this quarter is mainly due to the joint steady improvement of the user scale and the average revenue per user. Dingdong Maicai executives disclosed at the performance meeting that the average monthly number of ordering users in this quarter is about 7.3 million, with an 11.7% year-on-year increase; the average monthly income per user increased by 6% compared to the same period last year, and the average monthly income from members exceeded 500 yuan.
The financial report also shows that Dingdong Maicai achieved a net inflow of 250 million yuan in operating cash flow in this quarter, and this is already the fourth consecutive quarter of maintaining a net inflow. As of the end of the second quarter, the balance including cash and cash equivalents, short-term restricted funds, and short-term investments is 4.16 billion yuan.