PDD(PDD)2025-05-27 12:32Financial Performance - Total revenues for Q1 2025 were RMB 95,672.2 million (US 2,216.7 million) compared to RMB 25,973.7 million in the same quarter of 2024[7] - Net income attributable to ordinary shareholders was RMB 14,741.8 million (US 1.46), down from RMB 20.33 in the same quarter of 2024[11] - Basic earnings per ordinary share decreased to 2.65 in 2025 from 5.08 in 2024, reflecting a decline of 47.8%[28] - Non-GAAP net income attributable to ordinary shareholders for the three months ended March 31, 2025, was RMB 16,915,962, down 44.8% from RMB 30,601,805 in 2024[36] Revenue Sources - Revenues from online marketing services increased by 15% to RMB 48,722.2 million (US 6,469.9 million) compared to RMB 44,355.8 million in the same quarter of 2024[8] Expenses - Sales and marketing expenses surged by 43% to RMB 33,402.7 million (US 2,516.3 million), a decrease of 36% from RMB 28,552.2 million in Q1 2024[9] - Research and development expenses rose to RMB 3,577,828 in 2025, an increase of 23.0% compared to RMB 2,909,620 in 2024[26] - Share-based compensation expenses included in total operating expenses were RMB 2,174,133 for the three months ended March 31, 2025[33] Cash and Liabilities - Cash, cash equivalents, and short-term investments totaled RMB 364.5 billion (US$ 50.2 billion) as of March 31, 2025, up from RMB 331.6 billion as of December 31, 2024[12] - Total liabilities increased to RMB 200,811,846 as of March 31, 2025, up from RMB 191,721,192, marking a rise of 4.7%[26] - Cash, cash equivalents, and restricted cash at the end of the period increased to RMB 135,258,089, up from RMB 114,704,917, indicating a growth of 17.9%[35] Strategic Plans - The company plans to continue investing in its ecosystem to support merchants and consumers amid external uncertainties[3] Share Information - The weighted-average number of ordinary shares outstanding increased slightly to 5,932,325 in 2025 from 5,907,021 in 2024[36]