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 | ¥227.9M | ¥431.8B |
| Net income | ¥11.4M | ¥97.8B |
| Gross margin | 57.7% | 56.3% |
| Net margin | 5.0% | 22.7% |
| Return on equity | 9.3% | 26.9% |
| Diluted EPS | ¥0.01 | — |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | ¥18.9M | ¥28.2B |
| Equity | ¥128.8M | ¥413.4B |
| Net debt / equity | — | −1.21× |
| 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.
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Revenue by year
9 years side by side
| Fiscal year | KRKR | PDD |
|---|---|---|
| FY2025 | ¥227.9M | ¥431.8B |
| FY2024 | ¥231.1M | ¥393.8B |
| FY2023 | ¥340.2M | ¥247.6B |
| FY2022 | ¥322.5M | ¥130.6B |
| FY2021 | ¥316.8M | ¥93.9B |
| FY2020 | ¥386.8M | ¥59.5B |
| FY2019 | ¥655.6M | ¥30.1B |
| FY2018 | ¥299.1M | ¥13.1B |
| FY2017 | ¥120.5M | ¥1.7B |
Net income by year
Bottom line
| Fiscal year | KRKR | PDD |
|---|---|---|
| FY2025 | ¥11.4M | ¥97.8B |
| FY2024 | ¥-140.8M | ¥112.4B |
| FY2023 | ¥-89.2M | ¥60.0B |
| FY2022 | ¥22.6M | ¥31.5B |
| FY2021 | ¥-90.6M | ¥7.8B |
| FY2020 | ¥-279.3M | ¥-7.2B |
| FY2019 | ¥-25.9M | ¥-7.0B |
| FY2018 | ¥40.5M | ¥-10.2B |
| FY2017 | ¥7.9M | ¥-525.1M |
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