PDD Holdings Inc. (FRA:9PDA)

PDD Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	128,918	108,901	57,768	59,794	34,326	6,427
Short-Term Investments	327,496	313,408	273,792	157,415	115,106	86,203
Trading Asset Securities	-	-	-	-	6.92	313.32
Cash & Short-Term Investments	456,414	422,308	331,560	217,210	149,439	92,943
Cash Growth	17.90%	27.37%	52.64%	45.35%	60.78%	6.87%
Accounts Receivable	14,511	8,936	7,107	10,632	3,352	3,477
Other Receivables	-	8,684	4,335	367	3,303	1,784
Receivables	14,511	18,531	12,153	11,709	7,353	5,959
Prepaid Expenses	8,581	1,673	1,357	1,326	966.44	-
Restricted Cash	77,274	73,831	68,426	61,985	57,974	59,617
Other Current Assets	-	2,638	2,152	2,520	885.95	2,390
Total Current Assets	556,780	518,980	415,648	294,750	216,618	160,909
Property, Plant & Equipment	9,068	6,169	5,944	5,084	2,461	3,142
Long-Term Investments	-	104,317	82,974	47,524	16,665	16,268
Other Intangible Assets	14	15.39	19.17	21.15	134	701.22
Long-Term Deferred Tax Assets	1,162	171.96	16	270.74	1,045	31.5
Other Long-Term Assets	96,383	391.06	433.23	426.91	196.74	158.01
Total Assets	663,407	630,044	505,034	348,078	237,120	181,210

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	111,190	168,794	143,543	93,141	68,972	66,424
Accrued Expenses	76,883	15,624	15,097	33,614	15,186	11,336
Current Portion of Long-Term Debt	-	-	5,310	648.57	13,886	-
Current Portion of Leases	2,455	2,499	2,106	1,642	602.04	427.16
Current Unearned Revenue	3,641	3,379	2,947	2,145	1,390	1,167
Other Current Liabilities	18,545	23,441	19,419	21,711	16,854	14,375
Total Current Liabilities	212,714	213,737	188,423	152,901	116,889	93,730
Long-Term Debt	-	-	-	5,232	1,576	11,789
Long-Term Leases	2,389	2,880	3,192	2,644	870.78	544.26
Long-Term Deferred Tax Liabilities	-	41.85	106.77	59.83	13.03	31.29
Other Long-Term Liabilities	517	-	-	-	-	1
Total Liabilities	215,620	216,659	191,721	160,837	119,349	106,095

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	-	0.18	0.18	0.18	0.17	0.16
Additional Paid-In Capital	128,599	125,768	117,829	107,293	99,250	95,341
Retained Earnings	325,230	285,502	187,659	75,225	15,198	-17,707
Comprehensive Income & Other	-6,042	2,116	7,825	4,724	3,322	-2,520
Total Common Equity	447,787	413,385	313,313	187,242	117,771	75,115
Shareholders' Equity	447,787	413,385	313,313	187,242	117,771	75,115
Total Liabilities & Equity	663,407	630,044	505,034	348,078	237,120	181,210

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	4,844	5,379	10,607	10,166	16,934	12,760
Net Cash (Debt)	451,570	416,929	320,953	207,044	132,504	80,183
Net Cash Growth	20.04%	29.90%	55.02%	56.25%	65.25%	14.54%
Net Cash Per Share	305.21	281.25	216.98	141.82	92.00	56.13
Filing Date Shares Outstanding	1,407	1,423	1,420	1,389	1,329	1,264
Total Common Shares Outstanding	1,407	1,423	1,392	1,376	1,320	1,264
Working Capital	344,066	305,243	227,225	141,850	99,728	67,179
Book Value Per Share	318.31	290.42	225.06	136.09	89.25	59.41
Tangible Book Value	447,773	413,370	313,294	187,220	117,637	74,413
Tangible Book Value Per Share	318.30	290.41	225.04	136.07	89.15	58.85
Machinery	-	5,600	4,676	4,150	3,592	3,135
Leasehold Improvements	-	200.68	128.74	69.69	30.25	28.77

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

Data Sources Report a data error