$PDD(PDD.US)
ADS earnings and net profit significantly exceeded expectations
#Pinduoduo Q2 revenue reached 103.98 billion yuan, estimated at 103.93 billion yuan.
Q2 adjusted earnings per ADS were 22.07 yuan, estimated at 15.50 yuan.
Q2 adjusted net profit was 32.71 billion yuan, estimated at 22.39 billion yuan.
Q2 general and administrative expenses were 1.53 billion yuan, estimated at 1.91 billion yuan.
Q2 R&D expenses were 3.59 billion yuan, estimated at 3.5 billion yuan.
Q2 #US depository receipts earnings per share were 20.75 yuan, estimated at 14.18 yuan.
Q2 net cash flow from operating activities was 21.64 billion yuan.
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