This year's quarterly report, the performance of each listed company is eye-catching enough, Dingdong as an important market participant in the fresh track, its market performance is also more concerned by the market, this time Dingdong shopping in the first quarter of GMV and profit both increased, people can't help but want to ask what is the future of Dingdong back to growth?
1. Dingdong Grocery increased its GMV and profit in the first quarter
According to a report by Shanghai Securities News, Dingdong Grocery released its first quarter 2024 performance report. According to the report, in the process of continuously promoting the strategy of "efficiency first, taking into account scale", Dingdong Grocery achieved both GMV (gross merchandise transaction) and profit increase in this quarter by optimizing link efficiency and improving commodity competitiveness, and achieved profit under non-GAAP (non-GAAP) standards for six consecutive quarters, and also achieved GAAP profitability again in the quarter.
Specifically, Dingdong achieved GMV of 5.53 billion yuan in the quarter, a year-on-year increase of 1.4%; revenue was 5.02 billion yuan, a year-on-year increase of 0.5%. Gross margin for the quarter was 30.6%. Dingdong said that the company will continue to give more value to consumers and maintain price competitiveness.
According to the report, in the first quarter, Dingdong achieved a net profit margin of 0.8% under the non-GAAP standard, with a net profit of 41.482 million yuan, 6.8 times that of the same period last year, and a net profit margin of 0.2% under the GAAP standard, with a year-on-year increase of 64.666 million yuan.
Among them, the GMV of Jiangsu and Zhejiang regions in the first quarter achieved a year-on-year growth of 16.6% and 14.8% respectively, and continued to maintain overall profitability. Shanghai GMV also grew 2.7% year-on-year in the quarter, compared to nearly 10% year-on-year growth in Shanghai alone in March.
At the same time, a number of business indicators of Dingdong Grocery have increased. For example, as of the end of the first quarter, it added 15 new front-end positions in Jiangsu and Zhejiang, and through more mature replication experience, these new positions quickly reached the average level in a relatively short period of time.
2. What is the future of Dingdong, which is back to growth?
In today's digital age, the fresh e-commerce market is becoming more and more competitive. In this context, as a fresh e-commerce platform focusing on instant retail, Dingdong's financial performance has attracted widespread attention in the industry. Especially in the recently released first-quarter financial report, Dingdong Grocery has achieved a double increase in GMV and profits, how should we analyze and look at this matter?
First of all, Dingdong Grocery performed quite well in its financial report, achieving a double increase in GMV and profit. This achievement not only proves the success of the company's robust business strategy, but also shows its strong market competitiveness and profitability. At the same time, the profitability under the non-GAAP standard for six consecutive quarters has sent a positive signal to the market, proving that Dingdong has the ability to continue to make profits.
From the perspective of market position, Dingdong has responded to the questions about viability in the market, and has steadily started a new stage of higher-quality growth. With the continuous development of the fresh e-commerce market and the intensification of competition, Dingdong has gradually established a good reputation in the market with its unique business model and high-quality service experience. The excellent performance of this financial report has further strengthened its market position and laid a solid foundation for its future development.
Secondly, Dingdong's performance in special festivals such as "Mother's Day" is particularly eye-catching, and people who recently bought Dingdong mentioned that on Mother's Day on May 12, GMV increased by 26% year-on-year, and orders increased by 24%; Flowers and fruits, which are the main products of the festival, have increased by about 45%, and the growth rate of GMV and order volume shows the huge potential of the instant retail market. Especially in categories such as flowers and fruits, Dingdong has demonstrated its strong ability to meet the immediate needs of consumers. This ability not only strengthens consumer loyalty, but also opens up new growth points for Dingdong to buy groceries.
Third, Dingdong has been committed to improving its commodity power, and has built its own supply chain advantages through the optimization of source procurement, production and processing, warehousing, and fulfillment and distribution. This perfect link not only ensures the quality and safety of goods, but also improves the competitiveness of goods. In the financial report, we can see that Dingdong has achieved remarkable results in the development of fresh food and leisure scene food, including fruit, dairy wine, leisure department store and bakery and other categories have achieved rapid growth. The continuous improvement of this commodity power not only brings more user traffic and orders to Dingdong Food, but also provides more possibilities for its future development.
Fourth, the positive significance of Dingdong's return to the growth range is not only reflected in the improvement of financial data, but more importantly, it has laid a solid foundation for the company's future development. Focusing on the core market, Dingdong can more accurately grasp consumer needs and deepen its brand influence, and at the same time, it also provides the possibility for it to explore new growth points. In the future, Dingdong may continue to optimize its front-end warehouse network, using big data and AI technology to improve inventory management and forecasting accuracy, further reduce costs and improve efficiency. At the same time, expanding more cities with high consumption power is a potential direction for its scale expansion. In addition, with the growing consumer demand for healthy and organic food, Dingdong has the opportunity to attract and retain more quality-conscious users by providing more high-end, specialty fresh products. #记录我的2024#