FX.co ★ PDD Holdings Q3 Net Income Rises; Total Revenues Up 44%

PDD Holdings Inc. (PDD) has announced its financial results for the third quarter, revealing a substantial rise in its net income attributable to ordinary shareholders, which reached RMB 24.98 billion, reflecting a 61% increase compared to the same period last year. The earnings per American Depository Share (ADS) stood at RMB 16.91, up from RMB 10.60. On a non-GAAP basis, the net income attributable to ordinary shareholders also climbed by 61%, reaching RMB 27.46 billion, with non-GAAP earnings per ADS at RMB 18.59, compared to RMB 11.61 from the previous year. The company reported total revenues of RMB 99.35 billion for the quarter, marking a 44% increase year-on-year.