In this articlePDDJakub Porzycki | Nurphoto | Getty ImagesThe nearly 30% drop in shares of Chinese online retailer PDD Holdings is "too much of a correction," according to Shaun Rein, founder and managing director of the China Market Research Group.Speaking to CNBC's "Street Signs Asia," Rein said the "panic was overblown last night," and that this would be a good opportunity for investors to buy into the stock.His comments come after shares of PDD Holdings saw their largest one-day loss since listing on th ...

Investment Rating - Maintains a "Buy" rating [11] Core Views - 2Q2024 revenue increased by 85.65% YoY to RMB 970.60 billion, with GAAP net profit attributable to shareholders rising by 144.20% YoY to RMB 320.09 billion [15] - Non-GAAP net profit attributable to shareholders grew by 125.50% YoY to RMB 344.32 billion in 2Q2024 [15] - 1H2024 revenue reached RMB 1,838.72 billion, up 104.49% YoY, with GAAP net profit attributable to shareholders increasing by 182.93% YoY to RMB 600.07 billion [1] - Non-GAAP net profit attributable to shareholders for 1H2024 was RMB 650.34 billion, up 156.08% YoY [1] Financial Performance Revenue and Profit - 2Q2024 online marketing service revenue grew by 29.48% YoY to RMB 491.16 billion, while commission income surged by 234.15% YoY to RMB 479.44 billion [16] - 1H2024 online marketing service revenue increased by 40.50% YoY to RMB 915.72 billion, and commission income rose by 273.07% YoY to RMB 922.99 billion [16] Profit Margins - 1H2024 gross margin was 63.89%, down 2.95 percentage points YoY [2] - 2Q2024 gross margin improved by 1.03 percentage points YoY to 65.28% [2] - 1H2024 operating expense ratio decreased by 12.96 percentage points YoY to 32.06% [15] - 2Q2024 operating expense ratio dropped by 8.22 percentage points YoY to 31.73% [15] Earnings Per Share (EPS) - 1H2024 diluted EPS was RMB 10.14 [1] - 2Q2024 diluted EPS was RMB 5.40 [15] Valuation and Market Performance - Current market capitalization is USD 138.877 billion [4] - The stock's 1-year low/high range is USD 108.87/164.69 [4] - 3-month turnover rate is 54.35% [4] Strategic Initiatives - The company plans to invest billions of resources to support high-quality merchants and industrial belts, reducing transaction fees for premium merchants and improving supply chain quality and efficiency [16] Future Outlook - The company has revised its GAAP net profit attributable to shareholders forecast for 2024/2025/2026 downward by 10%/7%/9% to RMB 1,263.48/1,844.46/2,474.26 billion, respectively, due to uncertainties in overseas business [16]

27 Aug 2024 PDD Holdings (PDD US) 27 Aug 2024 PLEASE READ THE ANALYST CERTIFICATION AND IMPORTANT DISCLOSURES ON LAST PAGE 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|-----------------|-------|-------|-------------------|-------|-------------|----------------|---------| | RMB bn | 2024E | Current 2025E | 2026E | 2024E | Consensus 2025E | 2026E | 2024E | Diff (%) 2025E | 2026E | | Revenue 413.0 544.5 678.3 | | | | 419.9 | 551.9 | | 678.9 -1 ...

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of PDD Holdings Inc. f/k/a Pinduoduo Inc. (NASDAQ: PDD) between April 30, 2021 and June 25, 2024, both dates inclusive (the “Class Period”), of the important October 15, 2024 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased PDD Holdings securities during the Class Period you may be entitled to compensation without p ...

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.PDD co-founder Lei emphasized the company’s current growth was not sustainable as it battles competitors that included Shein, ByteDance’s TikTok and Alibaba for budget-conscious shoppers. “Competition is here to stay and is expected to intensify in our industry,” Chen told analysts during a post-results briefing, as ...

Key TakeawaysThroughout this earnings season, executives at consumer-facing companies have described a shopping public increasingly willing to search for value.Lei Chen, co-CEO of Chinese Temu parent PDD Holdings, has a name for them: "rational" consumers.Those consumers, Chen said, are making more "thoughtful" decisions about balancing value and quality. Throughout this earnings season, executives at consumer-facing companies have described a shopping public increasingly willing to search for value. Lei C ...

Financial Performance - Total revenues for Q1 2024 were RMB 86,812.1 million (US$ 12,023.3 million), a 131% increase from RMB 37,637.1 million in Q1 2023[2] - Operating profit for the quarter was RMB 25,973.7 million (US$ 3,597.3 million), up 275% from RMB 6,929.0 million in the same quarter of 2023[4] - Net income attributable to ordinary shareholders was RMB 27,997.8 million (US$ 3,877.7 million), a 246% increase from RMB 8,101.0 million in Q1 2023[6] - Revenues from transaction services reached RMB 44,355.8 million (US$ 6,143.2 million), a significant increase of 327% from RMB 10,392.6 million in the same quarter of 2023[4] - Total revenues for the three months ended March 31, 2024, reached RMB 86,812,059, a significant increase from RMB 37,637,050 in the same period of 2023, representing a growth of approximately 130%[18] - Operating profit surged to RMB 25,973,653 for the three months ended March 31, 2024, compared to RMB 6,929,018 in the same period of 2023, marking an increase of about 274%[18] - Net income attributable to ordinary shareholders for the three months ended March 31, 2024, was RMB 27,997,826, up from RMB 8,101,027 in the same period of 2023, reflecting a growth of approximately 245%[19] - Basic earnings per ordinary share increased to 5.08 for the three months ended March 31, 2024, compared to 1.53 in the same period of 2023, representing a rise of about 231%[19] Costs and Expenses - Total costs of revenues were RMB 32,694.7 million (US$ 4,528.2 million), a 194% increase from RMB 11,125.3 million in Q1 2023[4] - Research and development expenses were RMB 2,909.6 million (US$ 403.0 million), compared to RMB 2,506.7 million in the same quarter of 2023[5] - Non-GAAP operating profit for the quarter was RMB 28,552.2 million (US$ 3,954.4 million), an increase of 237% from RMB 8,462.4 million in Q1 2023[4] - Non-GAAP operating profit for the three months ended March 31, 2024, was RMB 28,552,195, compared to RMB 8,462,420 in the same period of 2023, indicating a growth of approximately 337%[27] Cash and Liabilities - Cash, cash equivalents, and short-term investments totaled RMB 242.1 billion (US$ 33.5 billion) as of March 31, 2024, compared to RMB 217.2 billion as of December 31, 2023[7] - Cash, cash equivalents, and restricted cash at the end of the period on March 31, 2024, totaled RMB 114,704,917, up from RMB 70,670,000 at the end of the previous period[25] - Net cash generated from operating activities for the three months ended March 31, 2024, was RMB 21,067,179, a substantial increase from RMB 1,338,022 in the same period of 2023[25] - Total current liabilities as of March 31, 2024, amounted to RMB 152,900,901, slightly up from RMB 151,398,009 as of December 31, 2023[17] - Total liabilities increased to RMB 160,836,513 as of December 31, 2023, compared to RMB 159,120,158 as of March 31, 2024[17] Strategic Focus - The company plans to focus on improving consumer experience and strengthening supply chain capabilities as part of its high-quality development strategy[3]

NEW YORK, Aug. 26, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD" or "the Company") (NASDAQ: PDD) and certain of its officers.Class DefinitionThis lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

Robert Way Investment Thesis PDD Holdings Inc. (NASDAQ:PDD) reported their earnings report for the second quarter of 2024 and cast a gloomy outlook on their growth forecasts. PDD's Q2 earnings report showed a miss on their total sales figure, underwhelming the lofty near-2x expectations markets had for PDD. However, management was further surprised with commentary now warning of slower growth ahead. These comments have heavily weighed on the company, with the stock losing almost a quarter of its market cap ...

Following a disappointing second-quarter earnings report, U.S.-listed shares of China-based online retailer PDD Holdings Inc - ADR (NASDAQ:PDD) are eyeing their worst day ever. Amid this fall, it looks like an ideal time to check back in on three of the most popular Chinese stocks traded stateside: Baidu Inc (NASDAQ:BIDU), Alibaba Group Holding Ltd - ADR (NYSE: BABA), and JD.com Inc (NASDAQ:JD).Temu-parent PDD Holdings' results are weighing on rival Alibaba stock, which was last seen 4.1% lower at $81.92. W ...