On the evening of May 27, Pinduoduo released the first quarter of the 2022 financial report. As of March 31, 2022, the number of active buyers for many years reached 881.9 billion, a year -on -year increase of 7%. In the first quarter, the average number of monthly active users of Pinduang reached 751.3 billion, an increase of 4%year -on -year.

In terms of performance, in the first quarter, Pinduoduo achieved operating income of 23.8 billion yuan, an increase of 7%year -on -year; net profit attributable to ordinary shareholders was 2.6 billion yuan, and the net loss was 2.9 billion yuan in the same period in 2021. However, the growth rate of revenue slowed sharply. In the first quarter of 2021, Pinduoduo achieved revenue of 22.2 billion yuan, an increase of 239%year -on -year.

"The growth of revenue in the first quarter mainly stems from the growth of platform merchant activities and transaction volume." Liu Yan, vice president of Pinduoduo Finance, said, but in the current scale, Pinduoduo will inevitably slow down.

It is worth noting that in the first quarter, Pinduoduo's marketing costs decreased by 14%year -on -year, and marketing costs accounted for 47%in income, a year -on -year decrease of 12 percentage points. At the same time, due to the recruitment of more R & D personnel, the R & D expenses of Pinduoduo in the first quarter increased by 20%year -on -year to 2.7 billion yuan, a new high.

In addition, as an e -commerce platform that started with agricultural products, Pinduoduo has continuously increased the investment in infrastructure such as agricultural product transportation, logistics, and warehousing in the past few quarters, which has improved the efficiency of agricultural product sales. As of the end of the first quarter of 2022, nearly 40,000 agricultural goods have been launched to Pinduoduo Ten billion subsidy channels.

"In the past year, we have paid more attention to cultivating our own internal skills and achieved preliminary results in the fields of digital technology, agricultural technology and agricultural product logistics." Chen Lei, Chairman and CEO of Pinduoduo Determined, we believe that the opportunities and efficiency of digital release of agricultural digitalization will benefit the entire society.

From the perspective of the stock price performance, Pinduoduo's investment in agricultural products has obtained market recognition. As of press time, Pinduoduo's stock market rose 8.28%to $ 45.4/share, with a total market value of 57.41 billion US dollars. (Zheng Haojun)