Futu News reported on November 28 that before the US stock market,$Pinduoduo (PDD.US) $Release of the 2023 Q3 performance report:

• Q3 revenue was 68.840 billion yuan (RMB, same below), up 94% year on year;

• Operating profit was 16.656 billion yuan, an increase of 60% over the previous year;

• The adjusted net profit was 17.027 billion yuan, an increase of 37% over the previous year;

• The adjusted revenue per ADS was 11.61 yuan, compared to 8.62 yuan for the same period last year;

• Online marketing services and other revenue were 39.688 billion yuan, an increase of 39% over the previous year;

• Revenue from trading services was $29.153 billion, up 315% year on year.

• Sales and marketing expenses were $21,749 million, general and administrative expenses were $758 million, and R&D expenses were $2,847 million.

Zhao Jiazhen, executive director and co-CEO of Pinduoduo Group, said, “Since the third quarter, we have earnestly implemented a high-quality development strategy, focused on high-quality consumption, high-quality supply, and high-quality ecology, and promoted the implementation of various tasks, achieved results, and created incremental value for consumers and society.”

The company will hold a performance call tonight (November 28) at 20:30 Beijing time. Niu You is welcome to pay attention to:

Live broadcast of Pinduoduo's 2023Q3 results (simultaneous interpretation)

Editor/Corrine