拼多多控股2023年第三季度未经审计财务业绩

Net cash generated from operating activitieswas RMB32,537.9 million (US$4,459.7 million), compared with RMB11,651.8 million in the samequarter of 2022, mainly due to the increase in net income and the changes in working capitals.Cash, cash equivalents and short-term investmentswere RMB202.8 billion (US$27.8 billion) as of September 30, 2023, compared with RMB149.4billion as of December 31, 2022.Conference CallThe Company’s management will hold an earnings conference call at 7:30 AM ET on November 28, 2023 (12:30 PM GMT and 8:30 PM HKT on thesame day).The conference call will be webcast live athttps://investor.pddholdings.com/investor-events. The webcast will be available for replay at the samewebsite following the conclusion of the call.Use of Non-GAAP Financial MeasuresIn evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP operating profit, non-GAAP net incomeattributable to ordinary shareholders, non-GAAP diluted earnings per ordinary share and non-GAAP diluted earnings per ADS, as supplementalmeasures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered inisolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in theUnited States of America (“U.S. GAAP”). The Company’s non-GAAP financial measures exclude the impact of share-based compensation expenses,fair value change of certain investments, and interest expenses related to the convertible bonds’ amortization to face value.The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance andformulate business plans. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excludingthe impact of share-based compensation expenses, fair value change of certain investments, and interest expenses related to the convertible bonds’amortization to face value, which are non-cash charges. The Company also believes that the non-GAAP financial measures may provide furtherinformation about the Company’s results of operations, and enhance the overall understanding of the Company’s past performance and futureprospects.The Company’s non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Thenon-GAAP financial measures have limitations as analytical tools. These non-GAAP financial measures do not reflect all items of income andexpenses that affect the Company’s operations and do not represent the residual cash flow available for discretionary expenditures. Further, thesenon-GAAPmeasures may differ from the non-GAAP information used by other companies,including peer companies,and therefore theircomparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S.GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review theCompany’s financial information in its entirety and not rely on a single financial measure.For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of Non-GAAP Measures to The MostDirectly Comparable GAAP Measures” set forth at the end of this press release.Safe Harbor StatementsThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,”“future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the businessoutlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-lookingstatements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and ExchangeCommission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers,directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs andexpectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could causeactual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’sgrowth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provideproducts and services to attract and retain buyers; its ability to maintain and