PDD(US:PDD) Shang Hai Zheng Quan Bao·2025-08-25 11:52Core Viewpoint - Pinduoduo's Q2 2025 financial report shows a revenue of 104 billion yuan, with a year-on-year growth rate slowing to 7%, and a net profit of 30.75 billion yuan, reflecting a 4% decline year-on-year, marking two consecutive quarters of decline [1] Group 1: Financial Performance - The company achieved a revenue of 104 billion yuan in Q2 2025, which represents a 7% year-on-year growth slowdown [1] - Net profit for the quarter was 30.75 billion yuan, indicating a 4% year-on-year decrease, continuing a trend of declining profits for two consecutive quarters [1] Group 2: Strategic Initiatives - Pinduoduo has upgraded its "100 billion reduction" initiatives to a "1 trillion support" strategy, marking the first time in the e-commerce industry that such a large-scale support action has been initiated [1] - The significant investments aimed at supporting merchants have impacted short-term performance but are expected to create new space and momentum for long-term development of the industry ecosystem [1] Group 3: Management Perspective - The chairman and co-CEO of Pinduoduo, Chen Lei, emphasized the importance of focusing on high-quality development and consumer orientation amidst rapid external changes and intensified competition in the e-commerce sector [1] - The company is willing to prioritize long-term value over short-term profits, aiming to solidify ecosystem construction and promote industrial transformation and upgrading while continuing to benefit consumers [1]