PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.

PDD Holdings Inc.

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Total Liabilities and Shareholders' Equity

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	63,222.4	57,768.1	56,756.3	59,794.5	31,379.3	34,326.2
Short-Term Investments	323,908.6	273,791.9	228,170.9	157,415.4	148,129.3	115,112.6
Total Cash and Cash Equivalents	387,131.1	331,559.9	284,927.2	217,209.8	179,508.6	149,438.7
Accounts Receivable	6,007.5	3,679.3	5,491.1	3,914.1	1,559.8	587.7
Other Receivables	8,685.7	7,569.2	5,989.4	7,428.1	5,097.4	6,318.8
Total Trade Receivables	14,693.2	11,248.5	11,480.5	11,342.2	6,657.2	6,906.5
Other Current Assets	74,218.2	72,839.8	63,318.5	66,198.5	55,040.4	60,272.6
Total Current Assets	476,042.5	415,648.2	359,726.3	294,750.5	241,206.2	216,617.9
Net Property, Plant & Equipment	6,052.1	5,943.7	5,101.2	5,084.5	3,186.3	2,460.9
Net Intangible Assets	17.3	19.2	21.1	21.1	22.7	134
Long-Term Investments	—	—	—	—	—	—
Other Long-Term Assets	85,044.3	83,423.2	67,895.9	48,222	29,870.2	17,907.1
Total Assets	567,156.3	505,034.3	432,744.3	348,078.1	274,285.4	237,120

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	95,521.6	91,655.9	78,707.8	74,997.3	60,115.5	63,316.7
Accrued Expenses	76,838.2	69,141.8	68,735	55,351.4	30,889.8	20,960.7
Short-Term Debt	—	—	—	—	—	—
Current Portion of Long-Term Debt	5,287.6	5,309.6	0.2	648.6	14,431.1	13,885.8
Current Portion of Leases	2,415.8	2,106	1,865.9	1,641.5	955.4	602
Unearned Revenue	3,601.5	2,947	2,413.6	2,144.6	1,639.3	1,389.7
Other Current Liabilities	18,297.9	17,262.5	19,110.6	18,117.5	17,963	16,734.6
Total Current Liabilities	201,962.5	188,422.9	170,833.1	152,900.9	125,994.1	116,889.5
Long-Term Debt	—	—	5,264.1	5,231.5	1,634.9	1,575.8
Leases	3,260	3,191.6	2,634.9	2,644.3	1,248.1	870.8
Other Long-Term Liabilities	70.2	106.8	34.1	59.8	64.2	13
Total Long-Term Liabilities	3,330.1	3,298.3	7,933	7,935.6	2,947.2	2,459.6
Total Liabilities	205,292.6	191,721.2	178,766.1	160,836.5	128,941.3	119,349

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	0.2	0.2	0.2	0.2	0.2	0.2
Additional Paid-in Capital	121,959	117,829.3	112,946.4	107,293.1	102,681.8	99,250.5
Accumulated Other Comprehensive Income	6,750.1	7,824.5	5,799.9	4,723.8	6,255	3,322.2
Retained Earnings	233,154.4	187,659.1	135,231.8	75,224.6	36,407.1	15,198
Total Common Shareholders' Equity	361,863.7	313,313.1	253,978.2	187,241.6	145,344.1	117,770.9
Minority Interests and Other	—	—	—	—	—	—
Total Shareholders' Equity	361,863.7	313,313.1	253,978.2	187,241.6	145,344.1	117,770.9
Total Liabilities and Shareholders' Equity	567,156.3	505,034.3	432,744.3	348,078.1	274,285.4	237,120