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PDD Holdings | 6-K: PDD Holdings Announces Third Quarter 2024 Unaudited Financial Results

PDD Holdings | 6-K: PDD Holdings Announces Third Quarter 2024 Unaudited Financial Results

拼多多 | 6-K:拼多多公布2024年第三季度未经审计财务业绩
美股SEC公告 ·  2024/11/21 15:05

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PDD Holdings reported strong Q3 2024 financial results with total revenues reaching RMB99.4 billion, up 44% YoY. Operating profit increased 46% to RMB24.3 billion, while net income rose 61% to RMB25 billion. The growth was primarily driven by online marketing services and transaction services revenues, which grew 24% and 72% respectively.The company's operating expenses rose 39% to RMB35.4 billion, mainly due to increased sales and marketing investments. Sales and marketing expenses increased 40% to RMB30.5 billion, while general and administrative expenses more than doubled to RMB1.8 billion. The company maintained a strong financial position with cash, cash equivalents and short-term investments of RMB308.5 billion.Management emphasized their focus on driving high-quality platform development through increased investments in merchant support and trust and safety updates. They acknowledged moderating topline growth amid intensified competition and external challenges but remained committed to long-term ecosystem building.
PDD Holdings reported strong Q3 2024 financial results with total revenues reaching RMB99.4 billion, up 44% YoY. Operating profit increased 46% to RMB24.3 billion, while net income rose 61% to RMB25 billion. The growth was primarily driven by online marketing services and transaction services revenues, which grew 24% and 72% respectively.The company's operating expenses rose 39% to RMB35.4 billion, mainly due to increased sales and marketing investments. Sales and marketing expenses increased 40% to RMB30.5 billion, while general and administrative expenses more than doubled to RMB1.8 billion. The company maintained a strong financial position with cash, cash equivalents and short-term investments of RMB308.5 billion.Management emphasized their focus on driving high-quality platform development through increased investments in merchant support and trust and safety updates. They acknowledged moderating topline growth amid intensified competition and external challenges but remained committed to long-term ecosystem building.
拼多多公布了2024年第三季度强劲的财务结果,总收入达到994亿元人民币,同比增长44%。营业利润增长46%至243亿元人民币,而净利润增长61%至250亿元人民币。增长主要得益于在线营销服务和交易服务收入,分别增长24%和72%。公司的营业费用上升39%至354亿元人民币,主要是由于销售和营销投资的增加。销售和营销费用增长40%至305亿元人民币,而一般及管理费用增长一倍以上,达到18亿元人民币。公司保持了强劲的财务状况,现金、现金等价物和短期投资共计3085亿元人民币。管理层强调,他们专注于通过增加对商家支持及信任和安全措施的投资,推动高质量平台的发展。他们承认在竞争加剧和外部挑战面前,顶线增长有所减缓,但仍然致力于长期生态系统的构建。
拼多多公布了2024年第三季度强劲的财务结果,总收入达到994亿元人民币,同比增长44%。营业利润增长46%至243亿元人民币,而净利润增长61%至250亿元人民币。增长主要得益于在线营销服务和交易服务收入,分别增长24%和72%。公司的营业费用上升39%至354亿元人民币,主要是由于销售和营销投资的增加。销售和营销费用增长40%至305亿元人民币,而一般及管理费用增长一倍以上,达到18亿元人民币。公司保持了强劲的财务状况,现金、现金等价物和短期投资共计3085亿元人民币。管理层强调,他们专注于通过增加对商家支持及信任和安全措施的投资,推动高质量平台的发展。他们承认在竞争加剧和外部挑战面前,顶线增长有所减缓,但仍然致力于长期生态系统的构建。
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