智通财经APP获悉，3月20日，拼多多集团(PDD.US)发布了截至12月31日的2023年第四季度及全年财报。本季度营收为889亿元，同比增长123%；全年营收为2476亿元，同比增长90%。 2023年是消费提振年，也是拼多多转型高质量发展的第一年。四季度以来，平台在丰富优质产品供给的同时，加大对国货潮品、品质农货等改善型消费品的补贴力度，既为用户多省钱，又助力商家多卖货。 例如，去年11.11，秒杀频道在活动期间为超10万个中小商家提供增量引擎，农货、国货及全球好物等超40个细分类目实现翻倍增长；同时，入驻百亿补贴的农货、国货商家则同比增长了2倍以上。 “今年，我们将继续坚定执行高质量发展战略。”拼多多集团执行董事、联席首席执行官赵佳臻表示，“高质量发展不是一句抽象的口号，而是要切实落到每一次触达、每一个订单、每一次服务当中，真正降低消费升级的难度与门槛，让更多人享受更好的生活。” ...

Financial Performance - Q4 2023 operating profit was RMB22,395.0 million (US$3,154.3 million), a 146% increase from RMB9,113.7 million in Q4 2022[1] - Q4 2023 total revenues were RMB88,881.0 million (US$12,518.6 million), a 123% increase from RMB39,820.0 million in Q4 2022[2] - Q4 2023 net income attributable to ordinary shareholders was RMB23,280.3 million (US$3,279.0 million), a 146% increase from RMB9,453.7 million in Q4 2022[23] - FY 2023 total revenues were RMB247,639.2 million (US$34,879.3 million), a 90% increase from RMB130,557.6 million in 2022[6] - Operating profit surged by 146% to RMB22,395.0 million (US$3,154.3 million), while non-GAAP operating profit increased by 112% to RMB24,579.9 million (US$3,462.0 million)[27] - Net income attributable to ordinary shareholders grew by 146% to RMB23,280.3 million (US$3,279.0 million), with non-GAAP net income up 110% to RMB25,476.5 million (US$3,588.3 million)[27] - Total revenues for Q4 2023 reached RMB 88,881,036 thousand (USD 12,518,632 thousand), a significant increase from RMB 39,820,028 thousand in Q4 2022[42] - Total revenues for the full year 2023 were RMB 247,639,205 thousand (USD 34,879,253 thousand), a substantial increase from RMB 130,557,589 thousand in 2022[42] Revenue Breakdown - Q4 2023 revenues from transaction services were RMB40,205.4 million (US$5,662.8 million), a 357% increase from RMB8,796.6 million in Q4 2022[3] - Q4 2023 revenues from online marketing services and others were RMB48,675.6 million (US$6,855.8 million), a 57% increase from RMB31,023.4 million in Q4 2022[24] - FY 2023 revenues from transaction services were RMB94,098.7 million (US$13,253.5 million), a 241% increase from RMB27,626.5 million in 2022[7] - Revenues from online marketing services and others increased by 49% to RMB153,540.6 million (US$21,625.7 million)[28] - Online marketing services and others revenue for Q4 2023 was RMB 48,675,618 thousand (USD 6,855,817 thousand), up from RMB 31,023,400 thousand in Q4 2022[42] - Transaction services revenue for Q4 2023 surged to RMB 40,205,418 thousand (USD 5,662,815 thousand), compared to RMB 8,796,628 thousand in Q4 2022[42] Expenses and Costs - Q4 2023 sales and marketing expenses were RMB26,638.5 million (US$3,752.0 million), a 50% increase from RMB17,732.4 million in Q4 2022[4] - FY 2023 sales and marketing expenses were RMB82,188.9 million (US$11,576.1 million), a 51% increase from RMB54,343.7 million in 2022[8] - Total costs of revenues increased by 293% to RMB35,078.3 million (US$4,940.7 million) compared to the same quarter in 2022, driven by higher fulfilment fees, payment processing fees, maintenance costs, and call center expenses[25] - Total operating expenses rose by 44% to RMB31,407.8 million (US$4,423.7 million), primarily due to increased sales and marketing expenses[25] Earnings Per Share - Basic earnings per ADS increased to RMB17.00 (US$2.39), while diluted earnings per ADS rose to RMB15.83 (US$2.23)[27] - Non-GAAP diluted earnings per ADS for the year reached RMB46.51 (US$6.56), compared to RMB27.45 in 2022[31] - Non-GAAP diluted earnings per ADS for Q4 2023 were RMB 17.32 (USD 2.40), up from RMB 8.34 in Q4 2022[44] Cash Flow and Assets - Net cash generated from operating activities doubled to RMB94,162.5 million (US$13,262.5 million), driven by higher net income and changes in working capital[31] - Total assets grew to RMB348,078.1 million (US$49,025.8 million) as of December 31, 2023, up from RMB237,119.9 million in 2022[34][35] - Shareholders' equity increased to RMB187,241.6 million (US$26,372.4 million) as of December 31, 2023, up from RMB117,770.9 million in 2022[35] - Net cash generated from operating activities for Q4 2023 was RMB 36,890,671 thousand (USD 5,195,942 thousand), up from RMB 26,550,262 thousand in Q4 2022[43] - Net cash used in investing activities for Q4 2023 was RMB 16,470,671 thousand (USD 2,319,845 thousand), compared to RMB 8,559,916 thousand in Q4 2022[43] - Cash, cash equivalents, and restricted cash at the end of 2023 stood at RMB 121,779,905 thousand (USD 17,152,341 thousand), compared to RMB 92,300,417 thousand at the end of 2022[43] R&D Investment - FY 2023 R&D investment exceeded RMB10 billion for the second consecutive year[2]

DUBLIN and SHANGHAI, March 20, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the fourth quarter ended and the fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Total revenues in the quarter were RMB88,881.0 million (US$1 12,518.6 million), an increase of 123% from RMB39,820.0 million in the same quarter of 2022.Operating profit in the quarter was RMB22,395.0 million (US$3,154.3 million), an inc ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PDD Holdings Inc. (PDD) .PDD Holdings Inc. currently has an average broker ...

Pinduoduo Inc. (PDD) is scheduled to report fourth-quarter 2023 results on Mar 20.For the fourth quarter, the Zacks Consensus Estimate for sales is pegged at $11.99 billion, indicating growth of 107.6% from the prior-year quarter’s reported figure.The consensus mark for earnings per share is pinned at $1.62, suggesting growth of 33.9% from the year-ago quarter’s reported number.Pinduoduo’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 26.5%.Factors ...

PDD Holdings Inc. (PDD) closed the most recent trading day at $123.74, moving +0.44% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.65%. On the other hand, the Dow registered a loss of 0.49%, and the technology-centric Nasdaq decreased by 0.96%.Shares of the company witnessed a loss of 8.96% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.2% and the S&P 500's gain of 3.27%.Investors will be eagerly wat ...

PDD Holdings Inc. (PDD) ended the recent trading session at $123.20, demonstrating a +0.69% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.3%.Coming into today, shares of the company had lost 7.31% in the past month. In that same time, the Retail-Wholesale sector gained 5.15%, while the S&P 500 gained 4.42%.The upcoming earnings releas ...

PDD Holdings Inc. (PDD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -7.3% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Internet - Commerce industry, to which PDD Holdings Inc. belongs, has gained 4.1% over this period. Now the key question is: Where could the stock be headed in the near te ...

DUBLIN and SHANGHAI, March 13, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD) today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, before U.S. markets open on Wednesday, March 20, 2024. The Company's management will hold an earnings conference call at 7:30 AM ET on March 20, 2024 (11:30 AM GMT and 7:30 PM HKT on the same day). The conference call will be webcast live at https://investor. ...

After soaring in 2023, share prices of PDD Holdings (PDD 5.60%) are down 20% so far this year. However, the company, which operates Pinduoduo and Temu, has been gaining market share against other e-commerce platforms in China. This presents a buying opportunity for investors, according to analysts at Jefferies.The firm recently upgraded the stock to buy with a price target of $157, representing a 33% upside from the current share price of $118.Why Wall Street is bullish on PDDPDD hasn't reported fourth-quar ...