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PDD Holdings Inc. (FRA:9PDA)
Germany flag Germany · Delayed Price · Currency is EUR
76.40
+2.80 (3.80%)
Last updated: Aug 26, 2026, 1:43 PM CET

PDD Holdings Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
92,07697,843112,43560,02731,5387,769
Depreciation & Amortization
3,0003,0002,6411,8882,7351,844
Loss (Gain) From Sale of Assets
3.063.063.861.7610.7-0.26
Loss (Gain) From Sale of Investments
-10,406-10,406-6,816-1,013242.2422.17
Loss (Gain) on Equity Investments
-129.01-129.01-17.234.71155.29-246.83
Stock-Based Compensation
7,9377,9379,8847,0797,7184,775
Provision & Write-off of Bad Debts
313.08313.08329.9265.16118.3849.3
Other Operating Activities
11,7331,010-3,193-545.42-1,4341,009
Change in Accounts Receivable
-1,524-1,52448.81-3,32686.0455.81
Change in Accounts Payable
15,32815,32816,88511,623749.378,686
Change in Unearned Revenue
431.75431.75802.43754.96222.89-1,256
Change in Other Net Operating Assets
-6,869-6,869-11,07317,4056,3656,076
Operating Cash Flow
111,895106,939121,92994,16348,50828,783
Operating Cash Flow Growth
18.75%-12.29%29.49%94.12%68.53%2.08%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,145-1,145-967.14-583.88-635.72-3,287
Sale of Property, Plant & Equipment
----0.040.39
Investment in Securities
-42,078-42,078-117,425-54,978-21,726-32,721
Other Investing Activities
15,314-199.7535.69130.24-445.04
Investing Cash Flow
-27,909-43,423-118,356-55,431-22,362-35,562

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Repaid
------1,875
Long-Term Debt Repaid
--5,229-0.09-8,969--
Total Debt Repaid
-5,229-5,229-0.09-8,969--1,875
Net Debt Issued (Repaid)
-5,229-5,229-0.09-8,969--1,875
Other Financing Activities
1.361.361.268.1910.080.32
Financing Cash Flow
-5,227-5,2271.16-8,96110.08-1,875

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2,467-1,751840.1-291.14100.18-145.16
Net Cash Flow
76,29156,5374,41529,47926,256-8,800

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
110,750105,794120,96293,57947,87225,496
Free Cash Flow Growth
18.75%-12.54%29.26%95.48%87.77%-9.44%
Free Cash Flow Margin
24.57%24.50%30.71%37.79%36.67%27.14%
Free Cash Flow Per Share
74.8671.3781.7864.1033.2417.85
Levered Free Cash Flow
74,63585,629103,17082,89038,67212,998
Unlevered Free Cash Flow
74,63585,629103,17082,91738,70513,768

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
21,60321,60317,4935,7644,881-
Change in Working Capital
7,3677,3676,66326,4567,42313,562