拼多多上涨2.31%，报119.124美元/股，总市值1691.14亿美元

Core Viewpoint - Pinduoduo (PDD) has shown a mixed financial performance with a revenue increase but a significant decline in net profit, indicating potential challenges ahead for the company [1][2]. Financial Performance - As of March 31, 2025, Pinduoduo reported total revenue of 95.672 billion RMB, reflecting a year-on-year growth of 10.21% [1]. - The company's net profit attributable to shareholders was 14.742 billion RMB, which represents a year-on-year decrease of 47.35% [1]. Upcoming Events - Pinduoduo is scheduled to disclose its fiscal year 2025 mid-term report on August 25, with the actual disclosure date subject to company announcements [2]. Company Background - Pinduoduo was established on April 20, 2015, in the Cayman Islands and operates through its domestic company, Shanghai Xunmeng Information Technology Co., Ltd., which was founded in 2014 [2]. - The company focuses on a unique social group-buying model, emphasizing large subsidies, agricultural product promotion, and high-quality goods from production areas [2]. - Pinduoduo's operational philosophy is centered around "good products at low prices," offering consumers significant discounts on brand-name products, original agricultural products, factory goods, and new brand items [2].