PDDHoldingsAnnouncesSecondQuarter2024UnauditedFinancialResultsAugust26,2024DUBLINandSHANGHAI,Aug.26,2024(GLOBENEWSWIRE)--PDDHoldingsInc.(“PDDHoldings”orthe“Company”)(NASDAQ:PDD),todayannounceditsunauditedfinancialresultsforthesecondquarterendedJune30,2024.SecondQuarter2024HighlightsTotalrevenuesinthequarterwereRMB97,059.5million(US$113,355.8million),anincreaseof86%fromRMB52,280.7millioninthesamequarterof2023.OperatingprofitinthequarterwasRMB32,564.5million(US$4,481.0million),anincreaseof156%fromRMB12,718.8millioninthesamequarterof2023.Non-GAAP2operatingprofitinthequarterwasRMB34,987.3million(US$4,814.4million),anincreaseof139%fromRMB14,609.4millioninthesamequarterof2023.NetincomeattributabletoordinaryshareholdersinthequarterwasRMB32,009.4million(US$4,404.6million),anincreaseof144%fromRMB13,108.1millioninthesamequarterof2023.Non-GAAPnetincomeattributabletoordinaryshareholdersinthequarterwasRMB34,432.1million(US$4,738.0million),anincreaseof125%fromRMB15,269.4millioninthesamequarterof2023.“Whileencouragedbythesolidprogresswemadeinthepastfewquarters,weseemanychallengesahead,”saidMr.LeiChen,ChairmanandCo-ChiefExecutiveOfficerofPDDHoldings.“Wearecommittedtotransitioningtowardhigh-qualitydevelopmentandfosteringsustainableecosystem.Wewillinvestheavilyintheplatform’strustandsafety,supporthigh-qualitymerchants,...
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