KRKR vs PDD
36Kr Holdings Inc. and PDD Holdings Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | KRKR | PDD |
|---|---|---|
| Revenue | CNY 227.9M | CNY 431.8B |
| Net income | CNY 11.4M | CNY 97.8B |
| Gross margin | 57.7% | 56.3% |
| Net margin | 5.0% | 22.7% |
| Return on equity | 9.3% | 26.9% |
| Diluted EPS | CNY 0.01 | CNY 16.50 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY 18.9M | — |
| Equity | CNY 128.8M | CNY 413.4B |
| Net debt / equity | — | — |
| Current ratio | 1.21× | 2.43× |
| Revenue CAGR 5y | −10.0% | 48.7% |
| Profit CAGR 5y | — | — |
PDD bills 1894.6× the revenue of KRKR, and keeps more of each dollar of revenue as profit (22.7% against 5.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
9 years side by side
| Fiscal year | KRKR | PDD |
|---|---|---|
| FY2025 | CNY 227.9M | CNY 431.8B |
| FY2024 | CNY 231.1M | CNY 393.8B |
| FY2023 | CNY 340.2M | CNY 247.6B |
| FY2022 | CNY 322.5M | CNY 130.6B |
| FY2021 | CNY 316.8M | CNY 93.9B |
| FY2020 | CNY 386.8M | CNY 59.5B |
| FY2019 | CNY 655.6M | CNY 30.1B |
| FY2018 | CNY 299.1M | CNY 13.1B |
| FY2017 | CNY 120.5M | CNY 1.7B |
Net income by year
Bottom line
| Fiscal year | KRKR | PDD |
|---|---|---|
| FY2025 | CNY 11.4M | CNY 97.8B |
| FY2024 | CNY -140.8M | CNY 112.4B |
| FY2023 | CNY -89.2M | CNY 60.0B |
| FY2022 | CNY 22.6M | CNY 31.5B |
| FY2021 | CNY -90.6M | CNY 7.8B |
| FY2020 | CNY -279.3M | CNY -7.2B |
| FY2019 | CNY -25.9M | CNY -7.0B |
| FY2018 | CNY 40.5M | CNY -10.2B |
| FY2017 | CNY 7.9M | CNY -525.1M |