PDD Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2016
Revenue	247,639	130,558	93,950	59,492	30,142	Upgrade
Revenue Growth (YoY)	89.68%	38.97%	57.92%	97.37%	129.74%	Upgrade
Cost of Revenue	91,724	31,462	31,718	19,279	6,339	Upgrade
Gross Profit	155,916	99,095	62,232	40,213	23,803	Upgrade
Selling, General & Admin	86,264	58,309	46,342	42,702	28,471	Upgrade
Research & Development	10,952	10,385	8,993	6,892	3,870	Upgrade
Operating Expenses	97,217	68,693	55,335	49,594	32,341	Upgrade
Operating Income	58,699	30,402	6,897	-9,380.33	-8,538.21	Upgrade
Interest Expense / Income	43.99	51.66	1,231	757.34	145.86	Upgrade
Other Expense / Income	-13,221.67	-5,913.46	-4,036.5	-2,957.92	-1,716.47	Upgrade
Pretax Income	71,876	36,264	9,702	-7,179.74	-6,967.6	Upgrade
Income Tax	11,850	4,726	1,934	0	0	Upgrade
Net Income	60,027	31,538	7,769	-7,179.74	-6,967.6	Upgrade
Net Income Growth	90.33%	305.96%	-	-	-	Upgrade
Shares Outstanding (Basic)	5,416	5,058	5,013	4,768	4,627	Upgrade
Shares Outstanding (Diluted)	5,840	5,761	5,714	4,768	4,627	Upgrade
Shares Change	1.36%	0.83%	19.83%	3.05%	55.89%	Upgrade
EPS (Basic)	44.32	24.96	6.20	-6.04	-6.04	Upgrade
EPS (Diluted)	41.16	21.92	5.44	-6.04	-6.04	Upgrade
EPS Growth	87.77%	302.94%	-	-	-	Upgrade
Free Cash Flow	93,579	47,872	25,496	28,154	14,794	Upgrade
Free Cash Flow Per Share	69.11	37.86	20.34	23.62	12.79	Upgrade
Gross Margin	62.96%	75.90%	66.24%	67.59%	78.97%	Upgrade
Operating Margin	23.70%	23.29%	7.34%	-15.77%	-28.33%	Upgrade
Profit Margin	24.24%	24.16%	8.27%	-12.07%	-23.12%	Upgrade
Free Cash Flow Margin	37.79%	36.67%	27.14%	47.32%	49.08%	Upgrade
Effective Tax Rate	16.49%	13.03%	19.93%	-	-	Upgrade
EBITDA	73,809	39,050	12,778	-5,621.94	-6,110.71	Upgrade
EBITDA Margin	29.80%	29.91%	13.60%	-9.45%	-20.27%	Upgrade
Depreciation & Amortization	1,888	2,735	1,844	800.47	711.04	Upgrade
EBIT	71,920	36,315	10,933	-6,422.41	-6,821.75	Upgrade
EBIT Margin	29.04%	27.82%	11.64%	-10.80%	-22.63%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).