Pinduoduo - ADR Financials

$79.38

$1.57 (2.02%)

As on 14-Sep-2026 16:00EDT

Market cap

$110,754 Mln

Revenue (TTM)

$449,065 Mln

P/E Ratio

8.4

P/B Ratio

1.7

Div. Yield

0 %

Income Statement (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Operating Revenue	449,065.46	431,845.71	393,836.10	247,639.21	130,557.59	93,949.94
Cost of Revenue	196,144.46	188,801.75	153,900.37	91,723.58	31,462.30	31,718.09
Gross Profit	252,921.00	243,043.96	239,935.72	155,915.63	99,095.29	62,231.85
Operating Expenses	153,227.99	149,941.83	131,512.86	97,216.87	68,693.37	55,335.08
Operating Profit (EBIT)	99,693.01	93,102.13	108,422.86	58,698.76	30,401.92	6,896.76
Other Income	--	--	--	--	--	--
Profit before Tax	115,916.89	119,575.30	132,701.29	71,876.45	36,263.73	9,702.26
Provision for Tax	22,523.43	21,732.76	20,266.78	11,849.90	4,725.67	1,933.59
Profit after Tax (Net Income)	93,259.47	97,842.54	112,434.51	60,026.54	31,538.06	7,768.67
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	31,538.06	7,768.67

Liabilities (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Shareholder's Funds	447,787.00	415,171.30	313,313.12	187,241.61	117,770.91	75,114.55
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	2,906.00	2,923.86	3,298.34	7,935.61	2,459.56	12,365.46
Current Liabilities	212,714.00	212,350.38	188,422.85	152,900.90	116,889.48	93,729.71
Total Liabilities	876,121.00	630,445.53	505,034.32	348,078.12	237,119.95	181,209.72

Assets (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Non-Current Assets	106,627.00	111,135.16	89,386.08	53,327.65	20,502.08	20,300.55
Current Assets	556,780.00	519,310.37	415,648.23	294,750.47	216,617.88	160,909.17
Total Assets	876,121.00	630,445.53	505,034.32	348,078.12	237,119.95	181,209.72
Total Debt*	4,844.00	5,382.22	10,607.14	10,165.90	16,934.32	12,760.33
Net Current Assets	344,066.00	305,242.72	227,225.38	141,849.57	99,728.40	67,179.45

Cashflow (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Cash From Operating Activities	--	106,938.69	121,929.29	94,162.53	7,032.98	28,783.01
Cash Flow from Investing Activities	--	-43,423.24	-118,356.04	-55,431.28	-3,242.14	-35,562.37
Cash from Financing Activities	--	-5,227.35	1.16	-8,960.63	10.08	-1,875.15
Net Cash Inflow / Outflow	--	--	--	--	--	--

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Adjusted EPS (CN¥)	62.91	65.81	75.90	50.81	26.95	6.83
Cash EPS (CN¥)	9.27	67.83	77.68	52.41	29.29	8.45
Adjusted Book Value (CN¥)	47.43	279.26	211.51	158.49	100.65	66.03
Dividend per Share (CN¥)	--	--	--	--	--	--
Cash Flow per Share (CN¥)	--	71.93	82.31	79.70	6.01	25.30
Free Cash Flow per Share (CN¥)	--	71.16	81.66	79.21	5.47	22.41

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
ROCE (%)	--	26.29	43.13	36.15	28.34	9.42
ROE (%)	21.61	26.86	44.92	39.36	32.70	11.48
ROA (%)	11.34	17.23	26.36	20.51	15.08	4.57
EBIT Margin (%)	--	27.66	27.53	29.04	27.82	11.64
Net Margin (%)	20.77	22.66	28.55	24.24	24.16	8.27
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Revenue Growth (%)	9.63	0.10	0.59	0.90	0.39	0.58
EBIT Growth (%)	--	10.17	50.75	98.04	232.16	216.56
Net Profit Growth (%)	-4.76	-12.98	87.31	90.33	305.96	208.20
EPS Growth (%)	-10.59	-0.13	0.49	0.89	2.95	1.92
Book Value Growth (%)	24.45	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debt to Equity	--	0.01	0.03	0.05	0.14	0.17
Short term debt to equity ratio	0.01	0.01	0.02	0.01	0.12	0.01
Current Ratio	2.62	2.45	2.21	1.93	1.85	1.72
Quick Ratio	2.62	--	2.19	1.93	1.91	1.72
Interest Coverage	184.41	--	--	1,635.04	703.04	8.88

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debtors to sales (%)	1.35	3.55	2.86	3.00	2.57	3.70
Asset Turnover	0.55	0.76	0.92	0.85	0.62	0.55
Receivable days	--	11.24	8.66	7.95	9.55	14.35
Inventory Days	--	4.84	2.83	-13.99	-40.01	9.98
Payable days	--	193.39	218.77	316.97	764.79	687.67
Cash Conversion Cycle	--	-177.31	-207.28	-323.01	-795.25	-663.34

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Income Statement (CN¥ Mln)