PDD Holdings (NASDAQ:PDD) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥247.6b (up 90% from FY 2022).

• Net income: CN¥60.0b (up 90% from FY 2022).

• Profit margin: 24% (in line with FY 2022).

• EPS: CN¥44.33 (up from CN¥24.94 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PDD Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of PDD Holdings' balance sheet and an in-depth analysis of the company's financial position.

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