PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, spo… Read more
PDD Holdings Inc. (PDD) - Net Assets
Latest net assets as of September 2025: $391.40 Billion USD
Based on the latest financial reports, PDD Holdings Inc. (PDD) has net assets worth $391.40 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($613.72 Billion) and total liabilities ($222.32 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $391.40 Billion |
| % of Total Assets | 63.78% |
| Annual Growth Rate | 133.34% |
| 5-Year Change | 420.66% |
| 10-Year Change | N/A |
| Growth Volatility | 459.01 |
PDD Holdings Inc. - Net Assets Trend (2016–2024)
This chart illustrates how PDD Holdings Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PDD Holdings Inc. (2016–2024)
The table below shows the annual net assets of PDD Holdings Inc. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $313.31 Billion | +67.33% |
| 2023-12-31 | $187.24 Billion | +58.99% |
| 2022-12-31 | $117.77 Billion | +56.79% |
| 2021-12-31 | $75.11 Billion | +24.82% |
| 2020-12-31 | $60.18 Billion | +144.15% |
| 2019-12-31 | $24.65 Billion | +30.94% |
| 2018-12-31 | $18.82 Billion | +1462.09% |
| 2017-12-31 | $1.20 Billion | +238.04% |
| 2016-12-31 | $356.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PDD Holdings 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 18813153600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $187.66 Billion | 59.90% |
| Common Stock | $180.00K | 0.00% |
| Other Comprehensive Income | $7.82 Billion | 2.50% |
| Other Components | $117.83 Billion | 37.61% |
| Total Equity | $313.31 Billion | 100.00% |
PDD Holdings Inc. Competitors by Market Cap
The table below lists competitors of PDD Holdings Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Commonwealth Bank of Australia PK
PINK:CMWAY
|
$149.54 Billion |
|
Analog Devices Inc
NASDAQ:ADI
|
$150.01 Billion |
|
Uber Technologies Inc
NYSE:UBER
|
$150.35 Billion |
|
Softbank Group Corp.
PINK:SFTBF
|
$150.75 Billion |
|
HDFC Bank Limited
F:HDFA
|
$148.48 Billion |
|
Welltower Inc
NYSE:WELL
|
$146.77 Billion |
|
Deutsche Telekom AG Na
OTCQX:DTEGF
|
$145.64 Billion |
|
Allianz SE
PINK:ALIZF
|
$143.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PDD Holdings Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 187,241,607,000 to 313,313,124,000, a change of 126,071,517,000 (67.3%).
- Net income of 112,434,512,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,994,803,000.
- Other factors increased equity by 10,642,202,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $112.43 Billion | +35.89% |
| Other Comprehensive Income | $2.99 Billion | +0.96% |
| Other Changes | $10.64 Billion | +3.4% |
| Total Change | $- | 67.33% |
Book Value vs Market Value Analysis
This analysis compares PDD Holdings 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: 0.49x
- 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 1007.91x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.10 | $104.37 | x |
| 2017-12-31 | $0.35 | $104.37 | x |
| 2018-12-31 | $6.34 | $104.37 | x |
| 2019-12-31 | $5.33 | $104.37 | x |
| 2020-12-31 | $50.48 | $104.37 | x |
| 2021-12-31 | $52.58 | $104.37 | x |
| 2022-12-31 | $81.77 | $104.37 | x |
| 2023-12-31 | $128.26 | $104.37 | x |
| 2024-12-31 | $211.82 | $104.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PDD Holdings 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): 35.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.55%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.61x
- Recent ROE (35.89%) is above the historical average (-12.77%), 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 |
Industry Comparison
This section compares PDD Holdings Inc.'s net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $63,280,359,031
- Average return on equity (ROE) among peers: -555.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $391.40 Billion | -81.91% | 0.57x | $148.86 Billion |
| Antiaging Quantum Living Inc. (AAQL) | $60.47K | -97.75% | 1.17x | $206.17K |
| Design Milk Co Limited (AHAHF) | $6.95 Million | 0.00% | 0.05x | $116.11 Million |
| Allegro.eu SA (ALEGF) | $8.09 Billion | 5.18% | 0.87x | $5.26 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $44.57K |
| Amazon.com Inc (AMZN) | $7.76 Billion | 8.13% | 2.26x | $2.10 Trillion |
| artnet AG (ARTZF) | $1.70 Million | 41.01% | 2.39x | $8.91 Million |
| Waitr Holdings Inc (ASAPQ) | $5.40 Million | -5391.56% | 32.12x | $135.00 |
| ASOS Plc (ASOMF) | $866.70 Million | -25.74% | 2.03x | $125.44 Million |
| Alibaba Group Holding Ltd (BABA) | $615.40 Billion | 14.28% | 0.57x | $371.78 Billion |
| Bluestem Group Inc (BGRP) | $673.25 Million | 2.11% | 1.46x | $94.73 |