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拼多多

100.60

+1.271.28%

盘后：100.55-0.0500-0.05%19:59 EDT

成交量：548.41万

成交额：5.48亿

市值：1,428.16亿

市盈率：10.90

高：100.84

开：99.29

低：99.19

收：99.33

数据加载中...

总览公司新闻公告

从“颠覆者”到“守城人”：拼多多如何打破“增长诅咒”？

Ofweek光电信息网

烧掉一半净利润，拼多多想培育怎样的“生态”？

陆玖商业评论

拼多多的道心，没破碎过

拼多多Q1利润下跌4成背后：大规模减免商家服务费，百亿费用补贴新质商家

最差的拼多多财报，是小商家最好的定心丸

暴跌2180亿！拼多多，遭遇“周期劫”

暴跌的拼多多，找寻来时的路

拼多多Temu第一季度短期承压平台坚持推进本地化战略

拼多多“减速换挡”，“千亿扶持”功夫不在一朝一夕

二季度拼多多如何破局净利润大幅下跌？

拼多多盘中异动股价大跌3.00%

国海海外·陈梦竹 | 拼多多2025Q1财报点评：利润短期承压，坚持长期高质量投入

陈梦竹海外研究...

牺牲短期利润，拼多多为什么敢？

被偏见掩盖的万亿野心：拼多多、厂二代，以及中国制造的星辰大海

星海情报局

拼多多CEO称反哺商家算长期投资，盈利能力或将持续受到影响

主动降速的勇气：拼多多选择“生态优先”

21世纪经济报道

拼多多千亿豪赌明天：利润换生态，深耕长期价值

Ofweek光电信息网

拼多多面临重估

真故研究室

专家解析拼多多Q1财报：主动“降速” 力求消费者、商家及平台的三方共赢

拼多多Q1财报：带动单季GMV突破万亿，“千亿扶持”成商家增长新引擎

凤凰网科技

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15:35","pubTimestamp":1748849711,"startTime":"0","endTime":"0","summary":"去年以来，拼多多相继推出“百亿减免”“新质商家扶持计划”“千亿扶持”等惠商举措，一方面减免技术服务费、推广服务费等，为中小商家的降佣减负；另一方面又通过流量、现金等超额投入，助力中小商家寻找确定性增长，完成新质转型。今年4月，拼多多在“百亿减免”的基础上升级了“千亿扶持”计划，将在未来三年内投入千亿资源包助力中小商家积极转型。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250602154032976e3b8b&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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11:37","pubTimestamp":1748835429,"startTime":"0","endTime":"0","summary":"不过，拼多多股东的坏消息，可能是一群人的好消息：中小商家。也就是说，这份糟糕的财报，其实是拼多多在真金白银扶持中小商家的有力证明。拼多多目前已经是国内中小商家数量最多的电商平台。根据中国社科院的统计数据，截至2025年初，拼多多上的中小商家达到1420万家。先不讨论拼多多距离“伟大”还有多远，可以确定的是，这些信号，是给中小商家的定心丸。小商家最怕的是什么？","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250602113935a6f68b5a&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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10:40","pubTimestamp":1748745601,"startTime":"0","endTime":"0","summary":"另外，本季度拼多多销售和营销费用同比激增100亿元，达到了334亿元，涨幅为43%，拼多多在财报中表示，这主要是由于促销及广告活动支出增加。值得注意的是，截至今年一季度末，拼多多现金及等价物为1872亿元，也就是说拼多多有足够的资金支撑其长期发展，健康的现金流是拼多多穿越周期的底气。对于拼多多而言，尽管其本季度财报不及预期，但是拉长周期来看，这也是其发展不可避免的考验。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250601104318a6f5497e&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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Temu。拼多多在中国也有社区团购业务。财报显示，2025年Q1拼多多总营收956.7亿元，同比增速降到10%。非美国通用会计准则下，归属于普通股股东的净利润为169.2亿元，同比下滑45%。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2025053021394495084f46&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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| 拼多多2025Q1财报点评：利润短期承压，坚持长期高质量投入","url":"https://stock-news.laohu8.com/highlight/detail?id=2539272442","media":"陈梦竹海外研究...","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2539272442?lang=zh_cn&edition=fundamental","pubTime":"2025-05-30 20:00","pubTimestamp":1748606412,"startTime":"0","endTime":"0","summary":"证券研究报告《拼多多2025Q1财报点评：利润短期承压，坚持长期高质量投入》对外发布时间：2025年5月30日发布机构：国海证券股份有限公司本报告分析师：陈梦竹、张娟娟、罗婉琦SAC编号：S0350521090003、S0350523110004、S0350524050002重要声明本公众号推送观点和信息仅供国海证券股份有限公司研究服务客户参考，完整的投资观点应以国海证券研究所发布的完整报告为准。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250530205840a492e62f&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, 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