Dingdong grocery's first-quarter revenue increased by 9.1% year-on-year to 5.48 billion yuan, with a GMV of 5.96 billion yuan.

On the evening of May 16th, Dingdong Maicai released its first quarter financial report. During this quarter, Dingdong Maicai achieved a GMV of 5.96 billion yuan, an increase of 7.9% year-on-year. It also generated revenue of 5.48 billion yuan, an increase of 9.1% year-on-year, maintaining positive growth for five consecutive quarters. In terms of profit, Dingdong Maicai recorded a non-GAAP net profit of 30 million yuan for the quarter, with a net profit margin of 0.6%; and a GAAP net profit of 8.017 million yuan, with a net profit margin of 0.1%. As of now, Dingdong Maicai has achieved profitability for ten consecutive quarters under the non-GAAP standard, and for five consecutive quarters under the GAAP standard.