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    "unit": "",
    "raw_text": "| 收入 | 93,950.00 | 130,558.00 | 247,639.00 | 393,836.00 | 431,846.00 |",
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    "label": "收入 · 2025",
    "reported_value": 431846.0,
    "unit": "",
    "raw_text": "| 收入 | 93,950.00 | 130,558.00 | 247,639.00 | 393,836.00 | 431,846.00 |",
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    "id": 15,
    "label": "经营现金流 · 2025",
    "reported_value": 106939.0,
    "unit": "",
    "raw_text": "| 经营现金流 | 28,783.00 | 48,508.00 | 94,163.00 | 121,929.00 | 106,939.00 |",
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    "id": 14,
    "label": "经营现金流 · 2024",
    "reported_value": 121929.0,
    "unit": "",
    "raw_text": "| 经营现金流 | 28,783.00 | 48,508.00 | 94,163.00 | 121,929.00 | 106,939.00 |",
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    "id": 12,
    "label": "经营现金流 · 2022",
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    "raw_text": "| 经营现金流 | 28,783.00 | 48,508.00 | 94,163.00 | 121,929.00 | 106,939.00 |",
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    "fetched_value": 48507.86,
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    "id": 18,
    "label": "购置设备等现金支出 · 2023",
    "reported_value": 583.88,
    "unit": "",
    "raw_text": "| 购置设备等现金支出 | 3,287.00 | 635.72 | 583.88 | 967.14 | 1,145.08 |",
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    "fetched_value": 583.879,
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    "label": "毛利率 · 2024",
    "reported_value": 60.92,
    "unit": "%",
    "raw_text": "| 毛利率 | 66.24% | 75.90% | 62.96% | 60.92% | 56.28% |",
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    "verification_type": "historical_fact_or_derived",
    "coverage": "two_independent_publishers",
    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
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    "id": 28,
    "label": "毛利率 · 2023",
    "reported_value": 62.96,
    "unit": "%",
    "raw_text": "| 毛利率 | 66.24% | 75.90% | 62.96% | 60.92% | 56.28% |",
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    "fetched_value": 62.961003719123404,
    "fetched_source": "https://investor.pddholdings.com/static-files/92dafbdc-3125-4f2c-a28f-3d61203efbaf",
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    "verification_type": "historical_fact_or_derived",
    "coverage": "two_independent_publishers",
    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
  {
    "id": 30,
    "label": "毛利率 · 2025",
    "reported_value": 56.28,
    "unit": "%",
    "raw_text": "| 毛利率 | 66.24% | 75.90% | 62.96% | 60.92% | 56.28% |",
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    "fetched_value": 56.28024805138869,
    "fetched_source": "https://investor.pddholdings.com/static-files/92dafbdc-3125-4f2c-a28f-3d61203efbaf",
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    "verification_type": "historical_fact_or_derived",
    "coverage": "two_independent_publishers",
    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
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    "id": 32,
    "label": "经营利润率 · 2022",
    "reported_value": 23.29,
    "unit": "%",
    "raw_text": "| 经营利润率 | 7.34% | 23.29% | 23.70% | 27.53% | 21.56% |",
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    "fetched_value": 23.28620230089309,
    "fetched_source": "https://investor.pddholdings.com/static-files/83d4cabc-ff91-4fe2-919f-747d9bf74709",
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    "verification_type": "historical_fact_or_derived",
    "coverage": "two_independent_publishers",
    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
  {
    "id": 36,
    "label": "简单自由现金流 · 2021",
    "reported_value": 25496.0,
    "unit": "",
    "raw_text": "| 简单自由现金流 | 25,496.00 | 47,872.28 | 93,579.12 | 120,961.86 | 105,793.92 |",
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    "fetched_source": "https://stockanalysis.com/stocks/pdd/financials/cash-flow-statement/",
    "fetched_value2": null,
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    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
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    "id": 55,
    "label": "线上营销及其他 · 2025Q3",
    "reported_value": 53347.6,
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    "raw_text": "| 线上营销及其他 | 53,347.6 | 60,010.1 | 49,936 | 57,637 |",
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    "fetched_source": "https://investor.pddholdings.com/news-releases/news-release-details/pdd-holdings-announces-third-quarter-2025-unaudited-financial",
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    "id": 70,
    "label": "归母净利润 · 2026Q2",
    "reported_value": 27182.0,
    "unit": "",
    "raw_text": "| 归母净利润 | 29,328.2 | 24,541.0 | 12,547 | 27,182 |",
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    "fetched_value": 27182,
    "fetched_source": "https://investor.pddholdings.com/news-releases/news-release-details/pdd-holdings-announces-second-quarter-2026-unaudited-financial/",
    "fetched_value2": 27182,
    "fetched_source2": "https://www.marketscreener.com/news/pdd-holdings-inc-reports-earnings-results-for-the-second-quarter-and-six-months-ended-june-30-2026-ce7858dbda8bf527",
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  {
    "id": 76,
    "label": "毛利率（计算取整） · 2025Q4",
    "reported_value": 55.0,
    "unit": "%",
    "raw_text": "| 毛利率（计算取整） | 57% | 55% | 56% | 57% |",
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    "fetched_source": "https://pinduoduo.gcs-web.com/news-releases/news-release-details/pdd-holdings-announces-fourth-quarter-2025-and-fiscal-year-2025",
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    "verification_type": "historical_fact_or_derived",
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    "retrieved_at": "2026-10-02 Asia/Shanghai",
    "note": "比率/差值按对应来源原始项计算；不是该网页逐字引用"
  },
  {
    "id": 82,
    "label": "悲观 · 净资产调整（十亿元）",
    "reported_value": 100.0,
    "unit": "",
    "raw_text": "| 悲观 | 50 | -3% / 0% | 15% / 0.0% | 100 | 39.80 |",
    "line_number": 167,
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    "fetched_source": "估值假设，不是外部事实",
    "fetched_value2": null,
    "fetched_source2": "",
    "verification_type": "assumption_excluded",
    "coverage": "excluded",
    "retrieved_at": "2026-10-02 Asia/Shanghai"
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    "id": 87,
    "label": "中性 · 净资产调整（十亿元）",
    "reported_value": 200.0,
    "unit": "",
    "raw_text": "| 中性 | 75 | 5% / 3% | 12% / 2.0% | 200 | 109.09 |",
    "line_number": 168,
    "fetched_value": null,
    "fetched_source": "估值假设，不是外部事实",
    "fetched_value2": null,
    "fetched_source2": "",
    "verification_type": "assumption_excluded",
    "coverage": "excluded",
    "retrieved_at": "2026-10-02 Asia/Shanghai"
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    "id": 95,
    "label": "悲观 · 退出PE",
    "reported_value": 7.0,
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    "raw_text": "| 悲观 | -10% | 7 | 47.14 | 0.00 | 33.55 | -14.91% |",
    "line_number": 173,
    "fetched_value": null,
    "fetched_source": "估值假设，不是外部事实",
    "fetched_value2": null,
    "fetched_source2": "",
    "verification_type": "assumption_excluded",
    "coverage": "excluded",
    "retrieved_at": "2026-10-02 Asia/Shanghai"
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]