Market Mover | Shares of Temu Parent PDD Slump 26% After Q2 Financial Results
Market Mover | Shares of Temu Parent PDD Slump 26% After Q2 Financial Results
August 26, 2024 - Shares of the Temu parent company $PDD Holdings (PDD.US)$ slumped 26.10% to $103.37 in early trading on Monday.
2024年8月26日 - Temu母公司的股价 $拼多多 (PDD.US)$ 周一早盘,该股价格大幅下跌26.10%,至103.37美元。
Today, the company reported its Q2 unaudited financial results that fell short of expectations. The China-based online retailer reported revenue below analysts' estimates, and management indicated that revenue growth pressures are expected to continue due to heightened competition and other challenges.
今天,该公司发布了Q2未经审计财务业绩报告,表现不如预期。这家中国在线零售商的营业收入低于分析师的预期,管理层表示,营收增长压力预计将由于激烈的竞争和其他挑战而持续存在。
Highlights for Q2 earnings
Q2收益亮点
Q2 total revenue of RMB97,059.5 million (US$13,355.8 million), an increase of 86% from RMB52,280.7 million in the same period last year, but falling short of the market expectation of RMB99,985 million.
Q2 net income attributable to ordinary shareholders of RMB32,009.4 million (US$4,404.6 million), an increase of 144% from RMB13,108.1 million in the same period last year.
Q2 non-GAAP net income attributable to ordinary shareholders of RMB34,432.1 million (US$4,738.0 million), an increase of 125% from RMB15,269.4 million in the same quarter of 2023.
In this quarter, revenues from online marketing services and others of RMB49,115.9 million (US$6,758.6 million); and revenues from transaction services of RMB47,943.7 million (US$6,597.3 million).
Non-GAAP diluted earnings per ADS were RMB23.24 (US$3.20)
Additionally, cash, cash equivalents and short-term investments were RMB284.9 billion (US$39.2 billion) as of June 30, 2024, compared with RMB217.2 billion as of December 31, 2023.
二季度总营业收入为9705950万人民币(1335580万美元),比去年同期的5228070万人民币增长86%,但低于市场预期的9998500万人民币。
二季度归属于普通股股东的净利润为3200940万人民币(440460.0000000001万美元),比去年同期的1310810万人民币增长144%。
Q2非通用会计准则归属于普通股股东的净利润为人民币3443210万美元(473800万美元),较2023年同季度的人民币1526940万美元增长125%。
在这一季度,来自在线营销服务和其他方面的营业收入为RMB4911590万(美元675860万);来自交易服务的营业收入为RMB4794370万(美元659730万)。
非通用会计准则每股摊薄收益为RMB23.24(美元3.20)
此外,截至2024年6月30日,现金、现金等价物和短期投资为2849亿人民币(392亿美元),而2023年12月31日为2172亿人民币。
![PDD IR](https://uspost.moomoo.com/news-editor-imgs/20240826/public/17246781483436705250180.png)
Chairman and Co-Chief Executive Officer of PDD Holdings, Mr. Lei Chen said:
拼多多控股董事局主席兼首席执行官陈雷表示:
“While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead, We are committed to transitioning toward high-quality development and fostering sustainable ecosystem. We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem. We are prepared to accept short-term sacrifices and potential decline in profitability.”
“尽管我们对过去几个季度取得的实质性进展感到鼓舞,但我们看到前方有许多挑战。我们致力于实现向高质量发展的转变,培育可持续的生态系统。我们将大力投资于平台的信任和安全,支持优质商家,并不断改善商家生态系统。我们愿意接受短期牺牲以及潜在的利润下降。”