On November 28, Capital State learned that a listed company (PDD.US) released its third quarter financial report ending September 30, 2021.
In the third quarter, the company’s total revenue was 21.506 billion yuan, 51%, which was less than market expectations of 26.5 billion yuan.
In terms of specific business, online marketing service revenue was 17.95 billion yuan, an increase of 44% year-on-year; transaction service revenue was 3.477 billion yuan, an increase of 161% year-on-year; merchandise was 82.1 million yuan, a year-on-year decrease of 79%.
In the third quarter, the company attributable to ordinary shareholders was 1.64 billion yuan, a net loss of 785 million yuan in the same period last year; gross profit was 14.947 billion yuan, a year-on-year increase of 26.7%; operating expenses were 12.808 billion yuan, compared with 122.45 billion in the same period last year. 100 million yuan; each basic income is 1.31 yuan.
The financial report shows that as of September 30 this year, Pinduoduo’s annual active buyers have reached 867.3 million. At the same time, the average number of monthly active users in the third quarter reached 741.5 million, a year-on-year increase of 15%.
In the earnings conference call, Pinduoduo CEO Chen Lei stated that Pinduoduo is currently shifting its focus and investment to R&D, hoping to increase investment in R&D in order to lay the foundation for stable and long-term growth in the future. It is expected that future R&D expenses will increase.
Regarding the competitive pressure caused by the rise of live shopping on Pinduoduo’s business, Chen Lei said, “We have noticed that with the continuous development of mobile technology, industry-related infrastructure is also constantly improving, and consumer demand is constantly changing. In the course of the evolution, in such a dynamic environment, more and more platforms or platform-based companies are participating in the e-commerce industry. My understanding is in line with the logic of the industry.” Return to Sohu to see more
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