拼多多2023年二季度报告

August 29, 2023 DUBLIN and SHANGHAI, Aug. 29, 2023 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), todayannounced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Total revenuesin the quarter were RMB52,280.7 million (US$17,209.8 million), an increase of 66% from RMB31,439.6million in the same quarter of 2022. Operating profitin the quarter was RMB12,718.8 million (US$1,754.0 million), an increase of 46% from RMB8,697.2million in the same quarter of 2022.Non-GAAP2operating profitin the quarter was RMB14,609.4 million (US$2,014.7million), an increase of 39% from RMB10,541.5 million in the same quarter of 2022. Net income attributable to ordinary shareholdersin the quarter was RMB13,108.1 million (US$1,807.7 million), anincrease of 47% from RMB8,896.3 million in the same quarter of 2022.Non-GAAP net income attributable to ordinaryshareholdersin the quarter was RMB15,269.4 million (US$2,105.7 million), an increase of 42% from RMB10,776.3 millionin the same quarter of 2022. “Technology serves as a pivotal driving force of sustainable, high-quality development,” said Mr. Lei Chen, Chairman and Co-Chief Executive Officer ofPDD Holdings. “We remain unwaveringly committed to leveraging our resources and technology background to spearhead innovation, championdigital inclusion and generate a positive impact on society at large.” “Over the recent quarter, we saw a positive shift in consumer sentiment, leading to a rise in demand across various product sectors,” stated Mr.Jiazhen Zhao, Executive Director and Co-Chief Executive Officer of PDD Holdings. “We are deeply dedicated to high-quality development to createvalues for every party of our ecosystem.” “In Q2, we seized the opportunities of favorable consumption trends and invested firmly and responsibly,” said Ms. Jun Liu, VP of Finance at PDDHoldings. “Looking ahead, we will continue to invest with determination and patience to execute our high-quality development strategy.” Second Quarter 2023 Unaudited Financial Results Total revenueswere RMB52,280.7 million (US$7,209.8 million), an increase of 66% from RMB31,439.6 million in the same quarter of 2022. Theincrease was primarily due to an increase in revenues from online marketing services and transaction services. Revenues from online marketing services and otherswere RMB37,932.8 million (US$5,231.2 million), an increase of50% from RMB25,223.4 million in the same quarter of 2022. Revenuesfrom transaction services were RMB14,347.9 million(US$1,978.7 million),an increase of 131%fromRMB6,216.2 million in the same quarter of 2022. Total costs of revenueswere RMB18,689.8 million (US$2,577.4 million), an increase of 135% from RMB7,961.9 million in the same quarter of 2022.The increase mainly came from the increased fulfilment fees and payment processing fees. Total operating expenseswere RMB20,872.2 million (US$2,878.4 million), an increase of 41% from RMB14,780.5 million in the same quarter of2022. The increase was primarily due to an increase in sales and marketing expenses. Sales and marketing expenseswere RMB17,542.2 million (US$2,419.2 million), an increase of 55% from RMB11,343.4million in the same quarter of 2022, mainly due to the increased spending in promotion and advertising activities.General and administrative expenseswere RMB596.0 million (US$82.2 million), compared with RMB825.7 million in thesame quarter of 2022.Research and development expenseswere RMB2,734.0 million (US$377.0 million), compared with RMB2,611.4 millionin the same quarter of 2022. Operating profitin the quarter was RMB12,718.8 million (US$1,754.0 million), an increase of 46% from RMB8,697.2 million in the same quarter of2022.Non-GAAP operating profitin the quarter was RMB14,609.4 million (US$2,014.7 million), an increase of 39% from RMB10,541.5 million in thesame quarter of 2022. Net income attributable to ordinary shareholdersin the quarter was RMB13,108.1 million (US$1,807.7 million), an increase of 47% fromRMB8,896.3 million in the same quarter of 2022.Non-GAAP net income attributable to ordinary shareholdersin the quarter was RMB15,269.4million (US$2,105.7 million), an increase of 42% from RMB10,776.3 million in the same quarter of 2022. Basic earnings per ADSwas RMB9.64 (US$1.33) and thediluted earnings per ADSwas RMB9.00 (US$1.24), compared with basic earnings perADS of RMB7.06 and diluted earnings per ADS of RMB6.22 in the same quarter of 2022.Non-GAAP diluted earnings per ADSwas RMB10.47 (US$1.44), compared with RMB7.54 in the same quarter of 2022. Net cash generated from operating activitieswas RMB23,396.0 million (US$3,226.5 million), compared with RMB19,373.9 million in the samequarter of 2022. Cash, cash equivalents and short-term investmentswere RMB179.5 billion (US$24.8 billion) as of June 30, 2023, compared with RMB149.4 billionas of December 31, 2022. Recent Development Independent Director Appointment P