Duan Yongping loves stocks: Pinduoduo: Because this company really has "too much money to drown in it"
The ability to make money is too strong:
• Gross margin 56.7%
• Net margin 27.1%
• Annual net profit of 112.4 billion in 2024
• Earned another 74.8 billion in the first three quarters of 2025
The company takes 10 billion to waive fees and supports merchants with 100 billion; these "burning money" actions instead make the platform grow larger and larger, with profits rolling in uncontrollably.
The management is also quite troubled; every time there's an earnings call, they desperately downplay themselves and lower expectations, fearing that if the stock price rises, Huang Zheng will become the richest man in China again (currently only ranked seventh).
The current TTM price-to-earnings ratio is only 11.6 times, simply a bargain, any good news could make it soar.
Huang Zheng has long seen through it, shouting "Long live 60 points", now stepping back to the second line, quietly working on AI, and hardly making any noise.
The simplest standard for investment:
Choose companies that have "so much money that it drowns you", take them with your eyes closed, and sleep the soundest.
Not investment advice, DYOR. $BTC
