PDD — PDD Holdings Income Statement

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Annual income statement for PDD Holdings, fiscal year end - December 31st, CNY millions except per share, conversion factor applied.

	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	20-F	20-F	20-F	20-F	6-K
Standards:	USG	USG	USG	USG	—
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	93,950	130,558	247,639	393,836	431,846
Cost of Revenue
Gross Profit	62,232	99,095	155,916	239,936	243,044
Selling / General / Administrative Expenses
Research And Development
Depreciation and Amortization
Total Operating Expenses	87,053	100,156	188,940	285,413	337,222
Operating Profit	6,897	30,402	58,699	108,423	94,624
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	9,455	36,419	71,881	132,684	120,968
Provision for Income Taxes
Net Income After Taxes	7,522	31,693	60,031	112,417	99,235
Equity in Affiliates
Net Income Before Extraordinary Items
Net Income	7,769	31,538	60,027	112,435	99,364
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	7,769	31,538	60,027	112,435	99,364
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	1.36	5.47	10.3	19	16.8