目錄 2 公司資料 3 財務表現摘要 5 主席報告 8 管理層討論及分析 22 中期財務資料的審閱報告 23 簡明綜合收益表 24 簡明綜合全面收益表 25 簡明綜合財務狀況表 28 簡明綜合權益變動表 32 簡明綜合現金流量表 34 中期財務資料附註 89 其他資料 117 釋義 董事 執行董事 馬化騰 （主席） 劉熾平 （自二零二三年五月十七日起 非執行董事 公司資料 Jacobus Petrus (Koos) Bekker Charles St Leger Searle 獨立非執行董事 李東生 Ian Charles Stone 楊紹信 柯楊 張秀蘭 審核委員會 楊紹信 （主席） Ian Charles Stone Charles St Leger Searle 企業管治委員會 Charles St Leger Searle （主席） Ian Charles Stone 楊紹信 柯楊 張秀蘭 投資委員會 劉熾平 （主席） 馬化騰 Charles St Leger Searle 2 騰訊控股有限公司 提名委員會 馬化騰 （主席） 李東生 Ian Charles Stone 楊紹信 Charles St L ...

[3 -> 11] Good day and good evening. Thank you for standing by. Welcome to Tencent Holdings Limited 2023 [11 -> 17] Second Quarter Results Announcement Webinar. I'm Wendy Huang from Tencent's IR team. At [17 -> 23] this time, all participants are in a listen-only mode. After the management's presentation, [23 -> 28] there will be a question and answer session. For participants who are dialing by phone, [28 -> 34] if you wish to ask a question, please press 5 on your telephone to raise your hand. If [34 -> 3 ...

1 （股份代號：700（港幣櫃台）及 80700（人民幣櫃台）） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 未經審核 截至二零二三年六月三十日止三個月及六個月 業績公佈 其他財務資料 (b) 經調整的EBITDA比率乃按經調整的EBITDA除以收入計算。 下表載列本集團所示期間經營盈利與EBITDA及經調整的EBITDA之間的調節： 13 未經審核截至二零二二年六月三十日止三個月 | --- | --- | --- | --- | --- | --- | --- | |-------|----------|----------------------------------|--------|-------|--------|------------| | | | 無形資產 減值撥備╱ | SSV 及 | | 所得稅 | 非國際財務 | | | 虧損淨額 | 攤銷 （撥回） | CPP | 其他 | 影響 | 報告準則 | | (a) | (b ...

[0 -> 4] At this time, all participants are in a listen-only mode. [4 -> 9] After the management's presentation, there will be a question and answer session. [9 -> 14] For participants who dial in by phone, if you wish to ask a question, [14 -> 18] please press 5 on your telephone to raise your hand. [18 -> 22] If you are accessing from the Tencent Meeting or VOOC Meeting application, [22 -> 26] please click the Raise Hand button at the bottom left. [26 -> 30] And please be advised that today's webinar is b ...

分佔聯營公司及合營公司盈利╱（虧損）淨額。我們二零二三年第一季錄得分佔聯營 公司及合營公司盈利人民幣1億元，而二零二二年第一季則分佔虧損人民幣63億 元。二零二三年第一季非國際財務報告準則分佔聯營公司及合營公司虧損人民幣1 億元，較二零二二年第一季非國際財務報告準則分佔虧損人民幣22億元有所改善， 主要由於若干國內聯營公司的收入增長及成本優化措施推動其盈利能力提升。 二零二三年第一季與二零二二年第四季的比較 收入。二零二三年第一季的收入環比增長3%至人民幣1,500億元。 收入成本。二零二三年第一季的收入成本環比下降2%至人民幣818億元，反映 內容成本及頻寬與服務器成本的減少，部分被渠道及分銷成本以及金融科技交易 成本增加所抵銷。以收入百分比計，收入成本由二零二二年第四季的57%下降至 二零二三年第一季的55%。 11 本公司權益持有人應佔盈利。二零二三年第一季的本公司權益持有人應佔盈利環比 下降76%至人民幣258億元。二零二三年第一季非國際財務報告準則本公司權益持 有人應佔盈利增長10%至人民幣325億元，獲益於某些高利潤業務增長反彈、視頻 號廣告及帶貨等新增收入來源以及效率提升。 附註： (d) 資本 ...

Financial Performance - The company's audited profit attributable to equity holders for the year ended December 31, 2022, was RMB 188.243 billion, a decrease of 16% compared to the previous year[7]. - The basic and diluted earnings per share for the year ended December 31, 2022, were RMB 19.757 and RMB 19.341, respectively[7]. - The company's non-IFRS profit attributable to equity holders for the year ended December 31, 2022, was RMB 115.649 billion, a decrease of 7% compared to the previous year[7]. - For the fiscal year ending December 31, 2022, total revenue was RMB 554,552 million, a slight decrease from RMB 560,118 million in 2021[31]. - The operating profit for the fiscal year 2022 was RMB 235,706 million, down from RMB 271,620 million in 2021[31]. - Revenue for the year ended December 31, 2022, decreased by 1% year-on-year to RMB 554.52 billion[32]. - Value-added services revenue for the year ended December 31, 2022, decreased by 1% to RMB 287.65 billion, with international game revenue growing by 3% to RMB 46.8 billion[32]. - Online advertising revenue for the year ended December 31, 2022, decreased by 7% to RMB 82.7 billion, with social and other advertising revenue down 4% to RMB 72 billion[36]. - Financial technology and enterprise services revenue for the year ended December 31, 2022, increased by 3% to RMB 177.1 billion[36]. - The company's profit attributable to equity holders decreased by 16% year-on-year to RMB 188.2 billion for the year ended December 31, 2022[43]. User Engagement and Growth - The combined monthly active accounts for WeChat and WeChat reached 1,313.2 million, representing a year-on-year increase of 3.5%[8]. - The number of QQ mobile terminal monthly active accounts was 572.1 million, a year-on-year increase of 3.6%[8]. - The paid membership for video subscriptions slightly decreased to 119 million due to content scheduling delays, despite an increase in revenue from adjusted pricing[12]. - The trading volume on mini-programs reached several trillion RMB in 2022, contributing to the development of the real economy[11]. - In 2022, the company implemented a leading minor protection program, significantly reducing gaming time for minors while maintaining market leadership, with "Honor of Kings" achieving year-on-year growth in daily active accounts in Q4 2022[13]. Advertising and Revenue Streams - In Q4 2022, the company restored year-on-year growth in online advertising revenue, with over one-third of WeChat advertising revenue coming from ads directing traffic to merchant WeChat and mini-programs[16]. - The revenue from value-added services in Q4 2022 decreased by 2% year-on-year to RMB 70.417 billion, while online advertising revenue grew by 15% to RMB 24.660 billion[49]. - The average daily commercial payment amount showed a recovery with double-digit year-on-year growth since Q1 2023, benefiting from the vitality of the mini-program ecosystem, which contributed over 10% to commercial payment amounts in Q4 2022[17]. Cost Management and Investments - The company is focusing on optimizing costs and reducing losses in its cloud and enterprise services, while investing in healthier profit margin self-developed PaaS solutions[18]. - The company is investing in artificial intelligence capabilities and cloud infrastructure to enhance existing products and explore new offerings[19]. - The cost of revenue for the year ended December 31, 2022, increased by 1% to RMB 315.8 billion, representing 57% of total revenue[35]. - Sales and marketing expenses for the year ended December 31, 2022, decreased by 28% to RMB 29.2 billion, accounting for 5% of total revenue[38]. - General and administrative expenses for the year ended December 31, 2022, increased by 19% to RMB 106.7 billion, representing 19% of total revenue[39]. Shareholder Returns and Dividends - The board proposed a final dividend of HKD 2.40 per share for the year ended December 31, 2022, compared to HKD 1.60 per share in 2021, pending shareholder approval[27]. - The company repurchased a total of 107,083,000 shares at a total cost of approximately HKD 33.8 billion during the fiscal year, aimed at enhancing long-term shareholder value[108]. - The company's distributable reserves as of December 31, 2022, were RMB 82.562 billion, an increase from RMB 66.701 billion in 2021[98]. Debt and Cash Flow - The company's net debt stood at RMB 14.832 billion as of December 31, 2022, compared to RMB 27.271 billion as of September 30, 2022[87]. - The group generated free cash flow of RMB 23.1 billion in Q4 2022, with net cash flow from operating activities amounting to RMB 35.6 billion, offset by capital expenditures of RMB 5.6 billion, media content payments of RMB 5.3 billion, and lease liability payments of RMB 1.6 billion[89]. - The total amount of debt as of December 31, 2022, includes borrowings and payables, with details provided in the consolidated financial statements[89]. Stock Options and Incentives - The company has adopted five stock option plans, with no unexercised options remaining under the plans that expired by December 31, 2022[116]. - The total number of stock options granted in 2022 was 93,338,573, with 12,778,815 options exercised and 6,806,825 options expired or forfeited[139]. - The company plans to continue expanding its stock option program to incentivize employee performance and retention[130]. - The total number of shares granted in 2022 reached approximately 40 million, showcasing robust employee incentive programs[184]. Leadership and Governance - The company is led by key executives including Ma Huateng as CEO and Liu Chiping as President, with extensive experience in the telecommunications and internet sectors[194][195]. - The board comprises a diverse group of experienced individuals, contributing to the company's strategic planning and management[194][195][197][198][199]. - The board is set to rotate directors at the 2023 annual general meeting, with Liu Chiping not seeking re-election[192].

[0 -> 9] I'm Wendy Huang from Tencent IR team. [9 -> 14] At this time, all participants are in a listen-only mode. [14 -> 19] After management's presentation, there will be a question and answer session. [19 -> 22] All participants will dial in by phone. [22 -> 27] If you wish to ask a question, please press 5 on your telephone to raise your hand. [27 -> 33] If you are accessing from the Tencent meeting or VOO meeting application, please click the [33 -> 38] raise hand button at the bottom left, and please ...

Financial Data and Key Metrics Changes - Total revenue for the third quarter was 140 billion RMB, down 2% year-on-year but up 5% quarter-on-quarter [2][3] - Gross profit was 62 billion RMB, down 1% year-on-year but up 7% quarter-on-quarter [2][3] - Non-IFRS operating profit was 41 billion RMB, flat year-on-year and up 12% quarter-on-quarter [2][3] - Non-IFRS net profit attributable to equity holders was 32 billion RMB, up 2% year-on-year and 15% quarter-on-quarter [2][3] Business Line Data and Key Metrics Changes - Value-added services segment revenue was 72.7 billion RMB, down 3% year-on-year [3] - Social network revenue decreased by 2% year-on-year to 29.8 billion RMB [3] - Domestic game revenue was down 7% year-on-year to 31.2 billion RMB [3] - International games revenue increased by 3% year-on-year to 11.7 billion RMB [4] - Online advertising revenue was 21.5 billion RMB, with a year-on-year decline narrowing from 18% to 5% [4] Market Data and Key Metrics Changes - Combined MAU of WeChat and QQ was 1.3 billion, with QQ's mobile devices MAU at 574 million [2] - Mini-programs surpassed 600 million daily active users, representing a year-on-year increase of over 30% [3] - Daily mini-program activations grew by over 50% year-on-year [3] Company Strategy and Development Direction - The company is focused on improving efficiencies, developing new revenue streams, and reviving profit growth [2][3] - Investments are being made in growth areas such as video accounts, international games, and SaaS products [2][3] - The company is returning capital to shareholders, with a special interim dividend of Meituan shares worth approximately 20 billion RMB [2][3] Management Comments on Operating Environment and Future Outlook - Management noted that the minor protection measures and lack of new game licenses have hindered growth in domestic gaming [7] - There are expectations for more new game licenses to be issued, which could positively impact revenue growth [7] - The regulatory environment is trending towards supporting the healthy development of the industry [11] Other Important Information - Free cash flow amounted to 15 billion USD after accounting for capital expenditures and lease liabilities [2] - The company has total gross cash of 44 billion USD and stakes in listed companies valued at 75 billion USD [2] Q&A Session Summary Question: Cost progress and one-off restructuring costs - Management confirmed that one-off restructuring costs are included in G&A and R&D under staff costs, with a low single-digit year-on-year increase [6][7] Question: Domestic gaming revenue growth - Management indicated that a return to growth may depend on new game licenses or macroeconomic improvements [7] Question: Development strategy for existing games - The company is focusing on fewer, higher-impact games and upgrading existing titles to maximize lifetime value [8] Question: Advertiser feedback on video accounts - Advertisers appreciate the differentiated audience of video accounts, leading to robust eCPM [8] Question: Online advertising budget allocation - Management noted that the online advertising market is shifting, with performance ads becoming more significant [9] Question: Regulatory environment updates - Management highlighted a trend towards a more normalized regulatory environment, supporting the digital economy [11]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 未經審核 1 (於開曼群島註冊成立的有限公司) 截至二零二二年九月三十日止三個月及九個月 業績公佈 董事會欣然宣佈本集團截至二零二二年九月三十日止三個月及九個月的未經審核綜合 業績。本集團中期財務資料已經由核數師根據國際審計和核證準則委員會頒佈的國際 審閱業務準則第2410號「由實體的獨立核數師審閱中期財務資料」審閱，並經審核委員 會審閱。 財務表現摘要 截至下列日期止三個月 | --- | --- | --- | --- | --- | --- | |---------------------------------------------|------------|------------|----------------------------------|------------|----------| | | 二零二二年 | 二零二一年 | | 二零二二年 | | | | 九月三十日 | 九月 ...

Tencent 腾讯 Tencent Holdings Limited Incorporated in the Cayman Islands with Iimited liability 騰訊控股有限公司 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 (Stock Code 股份代號：700) o smart communication inspires 智慧涛通 靈感無限 目錄 2 公司資料 3 財務表現摘要 5 主席報告 9 管理層討論及分析 23 中期財務資料審閱報告 24 綜合收益表 25 綜合全面收益表 26 綜合財務狀況表 29 綜合權益變動表 33 綜合現金流量表 35 中期財務資料附註 84 其他資料 116 釋義 | --- | --- | --- | |----------------------------------|-------------------------------|---------------------------------------| | | | | | | | | | 公司資料 | | | | 董事 | 提名委員會 | 香港主要營業地點 | | 執 ...