Pinduoduo Inc Net Assets
Pinduoduo Inc net assets. Based on the latest financial reports, Pinduoduo Inc (9PDA) has net assets worth €423.43 Billion EUR (≈ $495.03 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€637.70 Billion ≈ $745.54 Billion USD) and total liabilities (€214.28 Billion ≈ $250.51 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Pinduoduo Inc (9PDA) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €423.43 Billion |
| % of Total Assets | 66.4% |
| Annual Growth Rate | 119.03% |
| 5-Year Change | 450.34% |
| 10-Year Change | N/A |
| Growth Volatility | 438.67 |
Net Assets of Pinduoduo Inc (2016–2025)
Net assets of Pinduoduo Inc from 2016 to 2025. This chart illustrates how Pinduoduo Inc's net assets have evolved over time, based on quarterly financial data. See 9PDA net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Pinduoduo Inc (2016–2025)
The table below shows the annual net assets of Pinduoduo Inc from 2016 to 2025. For live market cap and overall valuation, see Pinduoduo Inc (9PDA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €413.39 Billion ≈ $483.29 Billion |
+31.94% |
| 2024-12-31 | €313.31 Billion ≈ $366.30 Billion |
+67.33% |
| 2023-12-31 | €187.24 Billion ≈ $218.91 Billion |
+58.99% |
| 2022-12-31 | €117.77 Billion ≈ $137.69 Billion |
+56.79% |
| 2021-12-31 | €75.11 Billion ≈ $87.82 Billion |
+24.82% |
| 2020-12-31 | €60.18 Billion ≈ $70.35 Billion |
+144.15% |
| 2019-12-31 | €24.65 Billion ≈ $28.81 Billion |
+30.94% |
| 2018-12-31 | €18.82 Billion ≈ $22.01 Billion |
+1462.09% |
| 2017-12-31 | €1.20 Billion ≈ $1.41 Billion |
+238.04% |
| 2016-12-31 | €356.45 Million ≈ $416.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pinduoduo Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 28463581400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Pinduoduo Inc Net Assets Breakdown (December 2025)
Pinduoduo Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €284.16 Billion | 68.74% |
| Other Components | €129.22 Billion | 31.26% |
| Total Equity | €413.39 Billion | 100.00% |
Pinduoduo Inc Competitors by Market Cap
The table below lists competitors of Pinduoduo Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INTESA SANPAOLO ADR/6
F:IESJ
|
$103.85 Billion |
|
AIR LIQUIDE ADR 1/5/EO 11
F:AILA
|
$103.86 Billion |
|
Marriott International Inc
NASDAQ:MAR
|
$104.66 Billion |
|
Medtronic plc
SA:MDTC34
|
$104.84 Billion |
|
CME Group Inc
NASDAQ:CME
|
$101.91 Billion |
|
UBS Group AG
SW:UBSG
|
$101.41 Billion |
|
McKesson Corporation
NYSE:MCK
|
$101.38 Billion |
|
GSK PLC SP. ADR/2 NEW
F:GS70
|
$101.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pinduoduo Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 313,313,124,000 to 413,385,156,000, a change of 100,072,032,000 (31.9%).
- Net income of 97,842,539,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €97.84 Billion | +23.67% |
| Other Changes | €2.23 Billion | +0.54% |
| Total Change | €- | 31.94% |
Book Value vs Market Value Analysis
This analysis compares Pinduoduo Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 260.36x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.27 | €70.80 | x |
| 2018-12-31 | €4.22 | €70.80 | x |
| 2019-12-31 | €5.30 | €70.80 | x |
| 2020-12-31 | €12.14 | €70.80 | x |
| 2021-12-31 | €14.98 | €70.80 | x |
| 2022-12-31 | €22.31 | €70.80 | x |
| 2023-12-31 | €34.02 | €70.80 | x |
| 2024-12-31 | €56.26 | €70.80 | x |
| 2025-12-31 | €72.61 | €70.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pinduoduo Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.66%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.52x
- Recent ROE (23.67%) is above the historical average (-9.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -81.91% | -57.83% | 0.29x | 4.97x | €-327.62 Million |
| 2017 | -43.58% | -30.11% | 0.13x | 11.05x | €-645.61 Million |
| 2018 | -54.28% | -77.87% | 0.30x | 2.29x | €-12.10 Billion |
| 2019 | -28.27% | -23.12% | 0.40x | 3.09x | €-9.43 Billion |
| 2020 | -11.93% | -12.07% | 0.37x | 2.64x | €-13.20 Billion |
| 2021 | 10.34% | 8.27% | 0.52x | 2.41x | €257.22 Million |
| 2022 | 26.78% | 24.16% | 0.55x | 2.01x | €19.76 Billion |
| 2023 | 32.06% | 24.24% | 0.71x | 1.86x | €41.30 Billion |
| 2024 | 35.89% | 28.55% | 0.78x | 1.61x | €81.10 Billion |
| 2025 | 23.67% | 22.66% | 0.69x | 1.52x | €56.50 Billion |
Industry Comparison
This section compares Pinduoduo Inc's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $44,942,086,099
- Average return on equity (ROE) among peers: 10.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pinduoduo Inc (9PDA) | €423.43 Billion | -81.91% | 0.51x | $102.48 Billion |
| JD.com Inc Adr (013A) | $60.87 Billion | -4.09% | 2.44x | $34.07 Billion |
| JD.com Inc. (013C) | $221.62 Billion | 22.29% | 0.91x | $35.02 Billion |
| Vipshop Holdings Limited (1VPA) | $41.55 Billion | 18.63% | 0.80x | $5.32 Billion |
| PROSUS NV ADR/ 1/1 (1YL) | $41.29 Billion | 16.00% | 0.50x | $94.22 Billion |
| BAOZUN INC. A DL -0001 (2BZ) | $5.78 Billion | -3.20% | 0.77x | $124.51 Million |
| Baozun Inc (2BZA) | $6.10 Billion | -3.60% | 1.02x | $138.38 Million |
| YESASIA HOLDINGS LTD (4CM) | $52.99 Million | 35.96% | 1.28x | $135.32 Million |
| GIGLIO GROUP S.P.A. O.N. (5JR) | $408.00K | 29.17% | 58.28x | $872.65K |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $13.39 Million | -21.41% | 0.90x | $6.29 Million |
| MERCARI INC. UNSP.ADR/1/2 (6TP0) | $72.14 Billion | 18.66% | 5.96x | $3.35 Billion |
About Pinduoduo Inc
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed it… Read more