Zhing Zin Lee's questions to Dingdong (Cayman) Ltd (DDL) leadership • Q3 2024
Question
Zhing Zin Lee from CMS noted the company's significantly improving cash position and requested a more detailed overview of its financial health.
Answer
CFO Wang Song provided a detailed breakdown, highlighting four key areas. He stated that operating cash flow has been positive for five consecutive quarters, reaching a historic high of CNY 400 million in Q3. He also pointed to improved working capital efficiency with lower inventory days, a deliberate optimization of the financing structure that cut interest-bearing debt by 55.2% year-over-year, and a record-high self-owned funds balance of CNY 2.64 billion.