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Income Statement (CNY)
| Q3 '25 | QoQ | |
|---|---|---|
| Revenue | 108B | 4.1% |
| Gross Profit | 61.4B | 5.7% |
| Cost of Revenue | 46.8B | 2.1% |
| Operating expense | 36.4B | 12.6% |
| Net Income | 29.3B | 4.6% |
| EBITDA | 25B | 29.9% |
Balance Sheet (CNY)
| Q3 '25 | QoQ | |
|---|---|---|
| Total Assets | 614B | 8.2% |
| Total Liabilities | 222B | 8.3% |
| Total Equity | 391B | 8.2% |
| Shares Outstanding | 1.49B | 0.4% |
Cash Flow (CNY)
| Q3 '25 | QoQ | |
|---|---|---|
| Cash from operations | 45.7B | 111% |
| Cash from investing | -11.6B | 57.2% |
| Cash from financing | 550,000 | 56.1% |
Financial Highlights for Pinduoduo in Q3 '25
Pinduoduo reported a revenue of 108B, which is a 4.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 61.4B, marking a 5.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 46.8B, a 2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 36.4B, showing a 12.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 29.3B, showing a -4.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 25B, showing a -29.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Pinduoduo faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.




