P&L diagnostic
Dozin · TikTok Shop
Revenue / Ads
2.67x
Break-even
≈4.38x
F&B · TikTok Shop
Mì Cay DozinVND 38.2M in revenue, yet contribution P&L remained negative.
D2 reconciled Orders, Ads, platform fees, COGS and SKU mix to explain why topline Revenue/Ads looked healthy while unit economics remained below break-even.
Focus
GMV Max, P&L, reconciliation and SKU economics
Published evidence
The deep case only uses TikTok Shop data with a sufficiently reconciled publication basis; unverified Shopee figures are not combined into the published result.