2023-03-27-拼多多-拼多多2022年财报_16页_1mb

PDD Holdings 2022 Q4 & FY22 Financial Summary

Fourth Quarter 2022 Highlights:

• Total Revenue: RMB39,820 million, up 46% YoY
• Operating Profit: RMB9,114 million, up 32% YoY
• Net Income: RMB9,454 million, up 43% YoY
• Non-GAAP Metrics: Consistently higher growth (e.g., Non-GAAP Net Income up 43% YoY to RMB12,106 million)

Key Growth Drivers:

• Internext quarter: High double-digit gains in online marketing services (+38%) and transaction services (+86% YoY)
• Merchandise Sales Decline: Reduced 29% YoY to RMB58 million
• OpEx Increase: Marketing expenses surged 56% YoY due to promotions

Annual 2022 Performance:

• Total Revenue: RMB130,558 million (+39% YoY)
• OP Margin: Expanded significantly to RMB30,402 million (+341% YoY)
• Net Income: Surged 306% YoY to RMB31,538 million
• Cash Flow: Generated RMB48,508 million from operations

Investment & Capabilities:

• R&D Expenditure: Exceeded RMB10 billion annually
• Balance Sheet Strength: Cash reserves reached RMB149.4 billion as of end-2022

Notes:

• Non-GAAP measures excluded specific items for performance comparison
• eBay conference call scheduled for March 20, 2023