PDD Holdings Inc. (PDD)
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- Incorporated E9
- Fiscal year ends Dec 31
In fiscal 2025, PDD Holdings Inc. reported revenue of 431.85B CNY, up 9.7% from the prior year. The company was profitable, with a net margin of 22.7%. It held 630.04B CNY in total assets against 216.66B CNY in total liabilities.
Key ratios (FY2025)
21.6%
Operating margin
22.7%
Net margin
23.7%
Return on equity
+9.7%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 431.85B CNY | 393.84B CNY | 247.64B CNY | 130.56B CNY | 93.95B CNY | 59.49B CNY | 30.14B CNY | 13.12B CNY | 1.74B CNY | 504.86M CNY |
| Cost of Revenue | 188.80B CNY | 153.90B CNY | 91.72B CNY | 31.46B CNY | 31.72B CNY | 19.28B CNY | 6.34B CNY | 2.91B CNY | 722.83M CNY | 577.87M CNY |
| Gross Profit | — | — | — | 99.10B CNY | 62.23B CNY | 40.21B CNY | 23.80B CNY | 10.21B CNY | 1.02B CNY | -73.01M CNY |
| Operating Income | 93.10B CNY | 108.42B CNY | 58.70B CNY | 30.40B CNY | 6.90B CNY | -9.38B CNY | -8.54B CNY | -10.80B CNY | -595.72M CNY | -286.21M CNY |
| Net Income | 97.84B CNY | 112.43B CNY | 60.03B CNY | 31.54B CNY | 7.77B CNY | -7.18B CNY | -6.97B CNY | -10.22B CNY | -525.12M CNY | -291.98M CNY |
| EPS (Diluted) | 16.50 CNY | 19.00 CNY | 10.29 CNY | 5.48 CNY | 1.36 CNY | -1.51 CNY | -1.51 CNY | -3.47 CNY | -0.28 CNY | -0.18 CNY |
| Total Assets | 630.04B CNY | 505.03B CNY | 348.08B CNY | 237.12B CNY | 181.21B CNY | 158.91B CNY | 76.06B CNY | 43.18B CNY | 13.31B CNY | — |
| Total Liabilities | 216.66B CNY | 191.72B CNY | 160.84B CNY | 119.35B CNY | 106.10B CNY | 98.73B CNY | 51.41B CNY | 24.36B CNY | 12.11B CNY | — |
| Shareholders' Equity | 413.39B CNY | 313.31B CNY | 187.24B CNY | 117.77B CNY | 75.11B CNY | 60.18B CNY | 24.65B CNY | 18.82B CNY | -991.96M CNY | -426.28M CNY |
| Cash & Equivalents | 108.90B CNY | 57.77B CNY | 59.79B CNY | 34.33B CNY | 6.43B CNY | 22.42B CNY | 5.77B CNY | 14.16B CNY | 3.06B CNY | 1.32B CNY |
| Operating Cash Flow | 106.94B CNY | 121.93B CNY | 94.16B CNY | 48.51B CNY | 28.78B CNY | 28.20B CNY | 14.82B CNY | 7.77B CNY | 9.69B CNY | 879.78M CNY |
| Capital Expenditures | — | — | — | — | — | 43.05M CNY | 27.44M CNY | 27.33M CNY | 8.92M CNY | 2.30M CNY |
| Shares Outstanding | 5.93B | 5.92B | 5.84B | 5.76M | 5.71B | 4.77B | 4.63B | 2.97B | 1.76B | 1.82B |