According to the form 20-F annual report submitted by Nasdaq: PDD to the US Securities and Exchange Commission (SEC), the company's total revenue in 2021 was 93.9 billion yuan, and its net profit was 13.8 billion yuan if it did not comply with US GAAP. Founder Huang Zheng is the largest shareholder of the company, accounting for 27.9% of the shares. Tencent is the second largest shareholder, accounting for 15.5% of the shares.
As of February 28, 2022, Huang Zheng, founder of pinduoduo, held 1409744080 class a ordinary shares of the company, accounting for 27.9% of the total shares. In the same period last year (as of March 31, 2021), Huang Zheng also held 1409744080 class a ordinary shares, but accounted for 28.1% of the total shares.
Shen NANPENG, founder and executive partner of Sequoia China, holds 132876308 class a common shares, accounting for 2.6%. In the same period of last year, it held 183684400 class a ordinary shares, accounting for 3.7%.
In addition, pinduoduo CEO Chen Lei, independent director Gan Bingliang, director Lin Haifeng, independent director Lu Qi, independent director George Yong boon Yeo, vice president of Finance Jun Liu, senior vice president of operations Junyun Xiao, senior vice president of product R & D Zhenwei Zheng and consultant Jianhong Zhu all hold less than 1%.
Overall, pinduoduo's directors and executives (excluding Huang Zheng) hold 186817482 class a ordinary shares, accounting for 3.7% of the total shares. In the same period last year, it held 234779104 shares, accounting for 4.7%.
Huang Zheng's affiliated entity is the largest shareholder of pinduoduo, holding 1409744080 class a common shares, accounting for 27.9%, compared with 28.1% in the same period of last year.
Tencent affiliated entity owns 783468116 class a common shares, accounting for 15.5% of the total shares. In the same period last year, it held 783217772 shares, accounting for 15.6%.
Pinduoduo partnership collectively held 7.3%, compared with 7.4% in the same period last year. Banyan partners funds, a subsidiary of Gaorong capital, held 6.6% of the shares, compared with 7.2% in the same period last year.
The annual report also shows that pinduoduo's total revenue in 2021 was 93.949 billion yuan (about US $14.748 billion), an increase of 58% compared with 59.491.9 billion yuan in 2020. The net profit attributable to ordinary shareholders of pinduoduo was 7.768.7 billion yuan (about US $1219.1 million), while the net loss in 2020 was 7.179.7 billion yuan. Not in accordance with U.S. GAAP, the net profit attributable to pinduoduo's common shareholders was 13.829.5 billion yuan (about US $2170.2 million), while the net loss in 2020 was 2.965 billion yuan.