PDD PDD Holdings

XNGS Down Alert

· How we analyze

About the company

PDD Holdings runs the online marketplace Pinduoduo in China, where shoppers often get lower prices by ordering together, and the international platform Temu. The group is based in Ireland; the business started in Shanghai. Traded here as a US depositary receipt. As of Oct 16, 2026

Fact sheet (from the annual report) Miscellaneous business services · Dublin 2

The internationally active commerce group PDD operates several online platforms. Its customers are third-party merchants that offer their goods through these platforms. Revenue comes from fees for completed transactions and from advertising services, for example paid placements in search results. The Pinduoduo platform, founded in 2015, offers affordable goods and lower prices for users who team up. Temu was founded in Boston in September 2022 and serves consumers in the United States, Japan and Germany, among other countries. According to the report, its main operating company is the consolidated affiliated entity Shanghai Xunmeng, which provides the platform to merchants and holds Chinese licenses for value-added telecommunications services.

Automatically summarized from SEC annual report (20-F, filed Apr 29, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026

Price performance at a glance

Last 30 trading days
  • Today −1.2%
  • 7 days −4.0%
  • 30 days +0.7%
  • 1 year −41.7%
Day range (last trading day)
−0.9%Price at 36% of the range+1.5%
52-week range
−7.9%Price at 9% of the range+78.4%
Distance from the all-time high
−63.3%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Gap with volume · Analysis method

The price of PDD is currently in no zone of this method. The check runs daily after the market close.

Whether a price will soon reach a zone, you see from Watcher. Plans and pricing

How the zone is formed

What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.

Buy zone: from the start of the gap to the close of the gap day. Stop: just below the low of the gap day. Targets: 3 and 5 ATR (normal daily ranges) above the close of the gap day.

The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NASDAQ:PDD

Save zone

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Fundamental analysis

PDD Holdings · amounts in CNY

Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Apr 29, 2026.

In short

  • Light green: Revenue grew over 5 years (+48.7% per year).
  • Light green: Net margin 22.7%.
  • Light red: Profit in 5 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in CNY
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 504.9M CNY · Net income −292.0M CNY · Net margin −57.8%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 1.7B CNY · Net income −525.1M CNY · Net margin −30.1%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 13.1B CNY · Net income −10.2B CNY · Net margin −77.9%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 30.1B CNY · Net income −7.0B CNY · Net margin −23.1%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 59.5B CNY · Net income −7.2B CNY · Net margin −12.1%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 93.9B CNY · Net income 7.8B CNY · Net margin 8.3%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 130.6B CNY · Net income 31.5B CNY · Net margin 24.2%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 247.6B CNY · Net income 60.0B CNY · Net margin 24.2%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 393.8B CNY · Net income 112.4B CNY · Net margin 28.5%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 431.8B CNY · Net income 97.8B CNY · Net margin 22.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 431.8B CNY · Net income 97.8B CNY · Net margin 22.7%

Key figures with traffic lights

Each light follows a simple, disclosed rule. This symbol has no sector assignment – lights with a sector comparison stay gray or use only the basic rule.

Revenue growth

Light green: growing

+48.7% per year, last 5 years

What does this mean? Revenue: over 5 years it grew by 48.7% per year on average. Comparable values for a sector comparison are missing.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: Gain

22.7% last fiscal year

What does this mean? Of every 100 CNY in revenue, 22.66 CNY remained as profit. Comparable values for a sector comparison are missing.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 5 loss years

5 of 10 fiscal years with a profit

What does this mean? In 5 of the last 10 fiscal years the bottom line showed a profit. 5 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
431.8B CNY
Revenue vs. prior year
+9.7%
Net income (FY)
97.8B CNY
Net income vs. prior year
−13.0%
EPS (FY)
16.50 CNY
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 20-F filed Apr 29, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in CNY, per share in CNY)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 431.8B97.8B 22.7% 16.50 – –
2024Dec 31, 2024 393.8B112.4B 28.5% 19.00 – –
2023Dec 31, 2023 247.6B60.0B 24.2% 10.29 – –
2022Dec 31, 2022 130.6B31.5B 24.2% 5.48 – –
2021Dec 31, 2021 93.9B7.8B 8.3% 1.36 – –
2020Dec 31, 2020 59.5B−7.2B −12.1% −1.51 – –
2019Dec 31, 2019 30.1B−7.0B −23.1% −1.51 – –
2018Dec 31, 2018 13.1B−10.2B −77.9% −3.47 – –
2017Dec 31, 2017 1.7B−525.1M −30.1% −0.28 – –
2016Dec 31, 2016 504.9M−292.0M −57.8% −0.18 – –
Quarters (amounts in CNY, per share in CNY)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q4/20*Dec 31, 2020 26.5B−1.4B −5.2% – – –
Q4/19*Dec 31, 2019 10.8B−1.8B −16.2% – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $140.2K1 person −$140.2K
6 months $00 people $140.2K1 person −$140.2K
12 months $00 people $348.3K2 people −$348.3K

Latest transactions

  • Sep 3, 2026 Kam Anthony Ping Leung Director Open-market sale 1,705 shares · $140.2K · SEC
  • Mar 30, 2026 Rietjens Ivonne MCM Director Open-market sale 560 shares · $55.8K · SEC
  • Mar 30, 2026 Kam Anthony Ping Leung Director Open-market sale 1,533 shares · $152.4K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -55

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)+0
Highs and lows+10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)17.7
Rel. strength 60 d−13.3%

ATR and moving averages as price values only when logged in.

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