PDD Holdings (PDD) Balance Sheet

76.280
-0.260-0.34%

Close Jun 30 16:00 ET

76.310
+0.030+0.04%

Post 20:01 ET

108.58BMarket Cap8.02P/E (TTM)

PDD Holdings (PDD) Balance Sheet

Quarterly+Annual

YOY

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(Q1)Mar 31, 2026

(FY)Dec 31, 2025

(Q4)Dec 31, 2025

(Q3)Sep 30, 2025

(Q2)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q4)Dec 31, 2024

(Q3)Sep 30, 2024

(Q2)Jun 30, 2024

Assets

Current assets

Cash, cash equivalents and short term investments

19.64%436.07B

27.37%422.31B

37.38%423.77B

35.87%387.13B

50.54%364.5B

52.64%331.56B

52.07%308.46B

58.73%284.93B

-Cash and cash equivalents

75.46%123.04B

88.51%108.9B

41.49%92.39B

11.39%63.22B

26.14%70.13B

-3.39%57.77B

18.85%65.3B

80.87%56.76B

-Short-term investments

6.34%313.03B

14.47%313.41B

36.28%331.38B

41.96%323.91B

57.81%294.37B

73.93%273.79B

64.40%243.17B

54.03%228.17B

Receivables

20.48%15.53B

52.48%18.53B

8.80%15.15B

27.98%14.69B

9.74%12.89B

-3.40%12.15B

60.29%13.92B

72.45%11.48B

-Accounts receivable

5.17%5.76B

38.86%5.11B

29.45%6B

9.40%6.01B

14.80%5.48B

-6.00%3.68B

81.92%4.63B

252.05%5.49B

-Accrued interest receivable

----

-6.57%191.57M

----

-44.13%205.04M

----

-Taxes receivable

----

332.73%3.02B

----

-19.80%699.03M

----

-Related party accounts receivable

31.79%9.77B

34.82%10.21B

-1.51%9.15B

45.02%8.69B

6.28%7.41B

1.90%7.57B

51.32%9.29B

17.50%5.99B

Prepaid assets

----

47.81%2.82B

----

32.11%1.91B

----

Restricted cash

17.01%76.21B

7.90%73.83B

17.57%71B

12.33%66.68B

10.18%65.13B

10.39%68.43B

7.05%60.39B

14.03%59.36B

Other current assets

66.43%8.75B

-7.04%1.49B

58.87%6.44B

90.52%7.54B

50.89%5.25B

4.62%1.6B

11.68%4.05B

32.58%3.96B

Total current assets

19.83%536.56B

24.86%518.98B

33.48%516.36B

32.33%476.04B

41.49%447.77B

41.02%415.65B

42.44%386.83B

49.14%359.73B

Non current assets

Net PPE

-10.55%5.75B

3.80%6.17B

9.01%6.21B

18.64%6.05B

33.03%6.43B

16.90%5.94B

20.47%5.7B

60.09%5.1B

-Gross PPE

-10.55%5.75B

8.05%10.66B

9.01%6.21B

18.64%6.05B

33.03%6.43B

18.55%9.87B

20.47%5.7B

60.09%5.1B

-Accumulated depreciation

----

-14.50%-4.49B

----

-21.15%-3.93B

----

Goodwill and other intangible assets

-17.69%15M

-19.73%15.39M

-18.64%16.34M

-17.83%17.3M

-17.14%18.22M

-9.35%19.17M

-8.27%20.09M

-7.04%21.06M

Related parties assets

31.79%9.77B

34.82%10.21B

-1.51%9.15B

45.02%8.69B

6.28%7.41B

1.90%7.57B

51.32%9.29B

17.50%5.99B

Non current deferred assets

221.84%202M

974.88%171.96M

145.79%670.25M

-4.34%73.3M

42.27%62.76M

-94.09%16M

-83.29%272.7M

-95.04%76.63M

Other non current assets

24.86%95.18B

25.54%104.71B

22.30%90.47B

25.29%84.97B

35.02%76.23B

73.94%83.41B

103.82%73.97B

139.43%67.82B

Total non current assets

22.25%101.15B

24.25%111.06B

21.76%97.36B

24.78%91.11B

34.85%82.74B

67.62%89.39B

87.37%79.96B

120.74%73.02B

Total assets

20.21%637.7B

24.75%630.04B

31.48%613.72B

31.06%567.16B

40.41%530.51B

45.09%505.03B

48.54%466.79B

57.77%432.74B

Liabilities

Current liabilities

Payables

17.92%110.41B

17.70%173.68B

21.35%101.76B

21.06%96.68B

23.41%93.63B

30.28%147.57B

19.57%83.86B

28.92%79.86B

-accounts payable

17.98%109.15B

16.79%140.07B

21.50%100.58B

21.36%95.52B

24.19%92.52B

30.50%119.94B

21.56%82.78B

30.93%78.71B

-Total tax payable

----

21.19%27.64B

----

34.71%22.81B

----

-Due to related parties current

12.98%1.25B

35.50%1.09B

9.59%1.18B

0.74%1.16B

-18.98%1.11B

-35.27%801.86M

-46.97%1.08B

-37.12%1.15B

-Other payable

----

21.45%4.89B

----

25.83%4.03B

----

Current accrued expenses

1.45%77.31B

-3.04%10.73B

19.71%89.07B

11.79%76.84B

40.59%76.21B

-17.91%11.07B

69.35%74.4B

122.52%68.74B

Current debt and capital lease obligation

-67.20%2.5B

-66.31%2.5B

278.84%7.63B

312.80%7.7B

323.40%7.63B

223.81%7.42B

-87.19%2.02B

-87.87%1.87B

-Current debt

----

--5.25B

2,123,428.11%5.29B

7,069.70%5.3B

718.66%5.31B

----

-100.00%249K

-Current capital lease obligation

7.60%2.5B

18.65%2.5B

18.39%2.39B

29.47%2.42B

34.60%2.33B

28.29%2.11B

45.91%2.02B

95.30%1.87B

Current deferred liabilities

19.56%3.52B

14.65%3.38B

12.88%3.33B

49.22%3.6B

29.11%2.95B

37.42%2.95B

44.41%2.95B

47.23%2.41B

Other current liabilities

7.73%17.91B

20.71%23.44B

3.93%17.43B

-4.57%17.14B

-3.64%16.62B

-10.55%19.42B

2.99%16.77B

11.33%17.96B

Current liabilities

7.42%211.64B

13.43%213.74B

21.79%219.22B

18.22%201.96B

30.14%197.02B

23.23%188.42B

21.52%180B

35.59%170.83B

Non current liabilities

Long term debt and capital lease obligation

-27.74%2.62B

-9.76%2.88B

-63.03%3.04B

-58.73%3.26B

-52.78%3.63B

-59.48%3.19B

104.47%8.22B

173.99%7.9B

-Long term debt

----

218.77%5.18B

221.99%5.26B

-Long term capital lease obligation

-27.74%2.62B

-9.76%2.88B

-0.20%3.04B

23.72%3.26B

48.73%3.63B

20.70%3.19B

27.06%3.05B

111.11%2.63B

Non current deferred liabilities

-90.71%15M

-60.80%41.85M

-9.61%63.54M

106.01%70.17M

267.73%161.51M

78.47%106.77M

25.74%70.29M

-46.96%34.06M

Total non current liabilities

-30.42%2.64B

-11.41%2.92B

-62.58%3.1B

-58.02%3.33B

-50.96%3.79B

-58.44%3.3B

103.39%8.29B

169.17%7.93B

Total liabilities

6.71%214.28B

13.01%216.66B

18.07%222.32B

14.84%205.29B

26.20%200.81B

19.20%191.72B

23.71%188.29B

38.64%178.77B

Shareholders'equity

Share capital

--0

1.11%182K

1.12%181K

1.12%180K

1.69%180K

1.13%179K

1.70%179K

-common stock

--0

1.11%182K

1.12%181K

1.12%180K

1.69%180K

1.13%179K

1.70%179K

Retained earnings

46.77%296.71B

51.62%284.16B

63.79%262.24B

72.37%232.92B

96.05%202.16B

149.50%187.42B

208.26%160.11B

271.20%135.13B

Paid-in capital

6.07%127.29B

6.74%125.77B

7.44%124.01B

7.98%121.96B

8.65%120B

9.82%117.83B

10.82%115.42B

10.00%112.95B

Gains losses not affecting retained earnings

-107.63%-575M

-57.16%3.45B

73.03%5.14B

18.32%6.99B

46.57%7.53B

66.93%8.06B

-50.09%2.97B

-5.66%5.91B

Total stockholders'equity

28.43%423.43B

31.94%413.39B

40.54%391.4B

42.48%361.86B

50.75%329.7B

67.33%313.31B

71.86%278.5B

74.74%253.98B

Total equity

28.43%423.43B

31.94%413.39B

40.54%391.4B

42.48%361.86B

50.75%329.7B

67.33%313.31B

71.86%278.5B

74.74%253.98B

Currency Unit

CNY

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion

	(Q1)Mar 31, 2026	(FY)Dec 31, 2025	(Q4)Dec 31, 2025	(Q3)Sep 30, 2025	(Q2)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q4)Dec 31, 2024	(Q3)Sep 30, 2024	(Q2)Jun 30, 2024
Assets
Current assets
Cash, cash equivalents and short term investments	19.64%436.07B	27.37%422.31B	27.37%422.31B	37.38%423.77B	35.87%387.13B	50.54%364.5B	52.64%331.56B	52.64%331.56B	52.07%308.46B	58.73%284.93B
-Cash and cash equivalents	75.46%123.04B	88.51%108.9B	88.51%108.9B	41.49%92.39B	11.39%63.22B	26.14%70.13B	-3.39%57.77B	-3.39%57.77B	18.85%65.3B	80.87%56.76B
-Short-term investments	6.34%313.03B	14.47%313.41B	14.47%313.41B	36.28%331.38B	41.96%323.91B	57.81%294.37B	73.93%273.79B	73.93%273.79B	64.40%243.17B	54.03%228.17B
Receivables	20.48%15.53B	52.48%18.53B	52.48%18.53B	8.80%15.15B	27.98%14.69B	9.74%12.89B	-3.40%12.15B	-3.40%12.15B	60.29%13.92B	72.45%11.48B
-Accounts receivable	5.17%5.76B	38.86%5.11B	38.86%5.11B	29.45%6B	9.40%6.01B	14.80%5.48B	-6.00%3.68B	-6.00%3.68B	81.92%4.63B	252.05%5.49B
-Accrued interest receivable	----	-6.57%191.57M	-6.57%191.57M	----	----	----	-44.13%205.04M	-44.13%205.04M	----	----
-Taxes receivable	----	332.73%3.02B	332.73%3.02B	----	----	----	-19.80%699.03M	-19.80%699.03M	----	----
-Related party accounts receivable	31.79%9.77B	34.82%10.21B	34.82%10.21B	-1.51%9.15B	45.02%8.69B	6.28%7.41B	1.90%7.57B	1.90%7.57B	51.32%9.29B	17.50%5.99B
Prepaid assets	----	47.81%2.82B	47.81%2.82B	----	----	----	32.11%1.91B	32.11%1.91B	----	----
Restricted cash	17.01%76.21B	7.90%73.83B	7.90%73.83B	17.57%71B	12.33%66.68B	10.18%65.13B	10.39%68.43B	10.39%68.43B	7.05%60.39B	14.03%59.36B
Other current assets	66.43%8.75B	-7.04%1.49B	-7.04%1.49B	58.87%6.44B	90.52%7.54B	50.89%5.25B	4.62%1.6B	4.62%1.6B	11.68%4.05B	32.58%3.96B
Total current assets	19.83%536.56B	24.86%518.98B	24.86%518.98B	33.48%516.36B	32.33%476.04B	41.49%447.77B	41.02%415.65B	41.02%415.65B	42.44%386.83B	49.14%359.73B
Non current assets
Net PPE	-10.55%5.75B	3.80%6.17B	3.80%6.17B	9.01%6.21B	18.64%6.05B	33.03%6.43B	16.90%5.94B	16.90%5.94B	20.47%5.7B	60.09%5.1B
-Gross PPE	-10.55%5.75B	8.05%10.66B	8.05%10.66B	9.01%6.21B	18.64%6.05B	33.03%6.43B	18.55%9.87B	18.55%9.87B	20.47%5.7B	60.09%5.1B
-Accumulated depreciation	----	-14.50%-4.49B	-14.50%-4.49B	----	----	----	-21.15%-3.93B	-21.15%-3.93B	----	----
Goodwill and other intangible assets	-17.69%15M	-19.73%15.39M	-19.73%15.39M	-18.64%16.34M	-17.83%17.3M	-17.14%18.22M	-9.35%19.17M	-9.35%19.17M	-8.27%20.09M	-7.04%21.06M
Related parties assets	31.79%9.77B	34.82%10.21B	34.82%10.21B	-1.51%9.15B	45.02%8.69B	6.28%7.41B	1.90%7.57B	1.90%7.57B	51.32%9.29B	17.50%5.99B
Non current deferred assets	221.84%202M	974.88%171.96M	974.88%171.96M	145.79%670.25M	-4.34%73.3M	42.27%62.76M	-94.09%16M	-94.09%16M	-83.29%272.7M	-95.04%76.63M
Other non current assets	24.86%95.18B	25.54%104.71B	25.54%104.71B	22.30%90.47B	25.29%84.97B	35.02%76.23B	73.94%83.41B	73.94%83.41B	103.82%73.97B	139.43%67.82B
Total non current assets	22.25%101.15B	24.25%111.06B	24.25%111.06B	21.76%97.36B	24.78%91.11B	34.85%82.74B	67.62%89.39B	67.62%89.39B	87.37%79.96B	120.74%73.02B
Total assets	20.21%637.7B	24.75%630.04B	24.75%630.04B	31.48%613.72B	31.06%567.16B	40.41%530.51B	45.09%505.03B	45.09%505.03B	48.54%466.79B	57.77%432.74B
Liabilities
Current liabilities
Payables	17.92%110.41B	17.70%173.68B	17.70%173.68B	21.35%101.76B	21.06%96.68B	23.41%93.63B	30.28%147.57B	30.28%147.57B	19.57%83.86B	28.92%79.86B
-accounts payable	17.98%109.15B	16.79%140.07B	16.79%140.07B	21.50%100.58B	21.36%95.52B	24.19%92.52B	30.50%119.94B	30.50%119.94B	21.56%82.78B	30.93%78.71B
-Total tax payable	----	21.19%27.64B	21.19%27.64B	----	----	----	34.71%22.81B	34.71%22.81B	----	----
-Due to related parties current	12.98%1.25B	35.50%1.09B	35.50%1.09B	9.59%1.18B	0.74%1.16B	-18.98%1.11B	-35.27%801.86M	-35.27%801.86M	-46.97%1.08B	-37.12%1.15B
-Other payable	----	21.45%4.89B	21.45%4.89B	----	----	----	25.83%4.03B	25.83%4.03B	----	----
Current accrued expenses	1.45%77.31B	-3.04%10.73B	-3.04%10.73B	19.71%89.07B	11.79%76.84B	40.59%76.21B	-17.91%11.07B	-17.91%11.07B	69.35%74.4B	122.52%68.74B
Current debt and capital lease obligation	-67.20%2.5B	-66.31%2.5B	-66.31%2.5B	278.84%7.63B	312.80%7.7B	323.40%7.63B	223.81%7.42B	223.81%7.42B	-87.19%2.02B	-87.87%1.87B
-Current debt	----	----	----	--5.25B	2,123,428.11%5.29B	7,069.70%5.3B	718.66%5.31B	718.66%5.31B	----	-100.00%249K
-Current capital lease obligation	7.60%2.5B	18.65%2.5B	18.65%2.5B	18.39%2.39B	29.47%2.42B	34.60%2.33B	28.29%2.11B	28.29%2.11B	45.91%2.02B	95.30%1.87B
Current deferred liabilities	19.56%3.52B	14.65%3.38B	14.65%3.38B	12.88%3.33B	49.22%3.6B	29.11%2.95B	37.42%2.95B	37.42%2.95B	44.41%2.95B	47.23%2.41B
Other current liabilities	7.73%17.91B	20.71%23.44B	20.71%23.44B	3.93%17.43B	-4.57%17.14B	-3.64%16.62B	-10.55%19.42B	-10.55%19.42B	2.99%16.77B	11.33%17.96B
Current liabilities	7.42%211.64B	13.43%213.74B	13.43%213.74B	21.79%219.22B	18.22%201.96B	30.14%197.02B	23.23%188.42B	23.23%188.42B	21.52%180B	35.59%170.83B
Non current liabilities
Long term debt and capital lease obligation	-27.74%2.62B	-9.76%2.88B	-9.76%2.88B	-63.03%3.04B	-58.73%3.26B	-52.78%3.63B	-59.48%3.19B	-59.48%3.19B	104.47%8.22B	173.99%7.9B
-Long term debt	----	----	----	----	----	----	----	----	218.77%5.18B	221.99%5.26B
-Long term capital lease obligation	-27.74%2.62B	-9.76%2.88B	-9.76%2.88B	-0.20%3.04B	23.72%3.26B	48.73%3.63B	20.70%3.19B	20.70%3.19B	27.06%3.05B	111.11%2.63B
Non current deferred liabilities	-90.71%15M	-60.80%41.85M	-60.80%41.85M	-9.61%63.54M	106.01%70.17M	267.73%161.51M	78.47%106.77M	78.47%106.77M	25.74%70.29M	-46.96%34.06M
Total non current liabilities	-30.42%2.64B	-11.41%2.92B	-11.41%2.92B	-62.58%3.1B	-58.02%3.33B	-50.96%3.79B	-58.44%3.3B	-58.44%3.3B	103.39%8.29B	169.17%7.93B
Total liabilities	6.71%214.28B	13.01%216.66B	13.01%216.66B	18.07%222.32B	14.84%205.29B	26.20%200.81B	19.20%191.72B	19.20%191.72B	23.71%188.29B	38.64%178.77B
Shareholders'equity
Share capital	--0	1.11%182K	1.11%182K	1.12%181K	1.12%181K	1.12%180K	1.69%180K	1.69%180K	1.13%179K	1.70%179K
-common stock	--0	1.11%182K	1.11%182K	1.12%181K	1.12%181K	1.12%180K	1.69%180K	1.69%180K	1.13%179K	1.70%179K
Retained earnings	46.77%296.71B	51.62%284.16B	51.62%284.16B	63.79%262.24B	72.37%232.92B	96.05%202.16B	149.50%187.42B	149.50%187.42B	208.26%160.11B	271.20%135.13B
Paid-in capital	6.07%127.29B	6.74%125.77B	6.74%125.77B	7.44%124.01B	7.98%121.96B	8.65%120B	9.82%117.83B	9.82%117.83B	10.82%115.42B	10.00%112.95B
Gains losses not affecting retained earnings	-107.63%-575M	-57.16%3.45B	-57.16%3.45B	73.03%5.14B	18.32%6.99B	46.57%7.53B	66.93%8.06B	66.93%8.06B	-50.09%2.97B	-5.66%5.91B
Total stockholders'equity	28.43%423.43B	31.94%413.39B	31.94%413.39B	40.54%391.4B	42.48%361.86B	50.75%329.7B	67.33%313.31B	67.33%313.31B	71.86%278.5B	74.74%253.98B
Total equity	28.43%423.43B	31.94%413.39B	31.94%413.39B	40.54%391.4B	42.48%361.86B	50.75%329.7B	67.33%313.31B	67.33%313.31B	71.86%278.5B	74.74%253.98B
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
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The U.S.-Iran 'Doha talks' have devolved into a war of words! Trump took to social media to loudly proclaim that Iran had proactively sought Show More

牛牛課堂

Jun 15 14:46

美伊和平曙光初現！全球市場「拆彈式狂歡」：誰在帶頭衝鋒，升势還能跑多遠？

牛牛課堂

Mar 4 17:09

Long-term answers | Your account on the left shrinks, while your right hand is chased by the times — Be the person that no bombardment can ever wipe out.