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PDD Holdings Inc. (LON:0A2S)
London flag London · Delayed Price · Currency is GBP · Price in USD
84.99
+10.14 (13.55%)
At close: Jul 20, 2026

PDD Holdings Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
95,64897,843112,43560,02731,5387,769
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
4,1331,010-3,193-545.42-1,4341,009
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
107,867106,939121,92994,16348,50828,783
Operating Cash Flow Growth
-7.31%-12.29%29.49%94.12%68.53%2.08%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '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
8,266-199.7535.69130.24-445.04
Investing Cash Flow
-34,957-43,423-118,356-55,431-22,362-35,562

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '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
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-3,687-1,751840.1-291.14100.18-145.16
Net Cash Flow
63,99556,5374,41529,47926,256-8,800

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
106,722105,794120,96293,57947,87225,496
Free Cash Flow Growth
-7.53%-12.54%29.26%95.48%87.77%-9.44%
Free Cash Flow Margin
24.12%24.50%30.71%37.79%36.67%27.14%
Free Cash Flow Per Share
72.0371.3781.7864.1033.2417.85
Levered Free Cash Flow
71,64385,629103,17082,89038,67212,998
Unlevered Free Cash Flow
72,03885,629103,17082,91738,70513,768

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '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