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In 2020, Q4’s net profit was 59.3 billion yuan, up 175% year on year, and the annual net profit was 159.85 billion yuan From Tencent Financial Report

The following is the In 2020, Q4’s net profit was 59.3 billion yuan, up 175% year on year, and the annual net profit was 159.85 billion yuan From Tencent Financial Report recommended by recordtrend.com. And this article belongs to the classification: Industry information.

On the afternoon of March 24, Tencent released its performance report for the fourth quarter of 2020. According to the data, Tencent’s revenue in the fourth quarter was 133.67 billion yuan, and the market forecast was 133.07 billion yuan. The net profit in the fourth quarter was 59.3 billion yuan, up 175% year on year.

In 2020, Tencent’s revenue is 482.064 billion yuan, up 28% year on year, and the market expects 481.026 billion yuan. Tencent’s net profit in 2020 is 159.85 billion yuan, with the market forecast of 130.17 billion yuan.

Summary of fourth quarter results

The total income was RMB 133 billion 669 million yuan (US $20 billion 486 million), a 26% increase over the fourth quarter of 2019 (“year-on-year”).

Excluding the impact of certain one-time and / or non cash items to reflect the performance of the core business in accordance with non International Financial Reporting Standards:

-The operating profit was 38.084 billion yuan (US $5.837 billion), a year-on-year increase of 26%; the operating profit margin was 28%, roughly flat on a year-on-year basis.

-During the period, the profit was 34.454 billion yuan (US $5.280 billion), with a year-on-year growth of 29%; the net profit margin was 26%, with a year-on-year roughly flat.

-During the period, the profit attributable to equity holders of the company was RMB 33.207 billion (US $5.089 billion), up 30% year on year.

-The basic earnings per share was 3.494 yuan, and the diluted earnings per share was 3.413 yuan.

According to international financial reporting standards:

-The operating profit was 63.713 billion yuan (US $9.765 billion), a year-on-year increase of 123%; the operating profit margin increased from 27% in the same period last year to 48%.

-During the period, the profit was 59.369 billion yuan (9.099 billion US dollars), a year-on-year increase of 165%; the net profit margin increased from 21% in the same period last year to 44%.

-During the period, the profit attributable to equity holders of the company was 59.302 billion yuan (US $9.089 billion), up 175% year on year.

-The basic earnings per share was RMB 6.240. The diluted earnings per share was RMB 6.112.

The total cash at the end of the period was RMB 259.507 billion (US $39.772 billion).

Performance summary for the year 2000

The total revenue was 482 billion 64 million yuan (US $73 billion 881 million), an increase of 28% over the 2019 year.

Excluding the impact of certain one-time and / or non cash items to reflect the performance of the core business in accordance with non International Financial Reporting Standards:

-The operating profit was 149404 million yuan (22898 million US dollars), an increase of 30%; the operating profit margin was 31%, roughly the same as last year.

-The annual profit was 126.983 billion yuan (19.461 billion US dollars), an increase of 30%; the net profit margin was 26%, roughly the same as last year.

-The profit attributable to equity holders of the company was 122.742 billion yuan (18.811 billion US dollars), an increase of 30%.

-The basic earnings per share is 12.934 yuan, and the diluted earnings per share is 12.689 yuan.

According to international financial reporting standards:

-The operating profit was 184.237 billion yuan (28.236 billion US dollars), an increase of 55%; the operating profit margin increased from 31% last year to 38%.

-The annual profit was 160.125 billion yuan (US $24.541 billion), an increase of 67%; the net profit margin increased from 25% last year to 33%.

-The profit attributable to equity holders of the company was 159.847 billion yuan (24.498 billion US dollars), an increase of 71%.

-The basic earnings per share was 16.844 yuan. The diluted earnings per share was 16.523 yuan.

Financial analysis for the fourth quarter of 2000

Revenue from value-added services increased 28% year on year in the fourth quarter of 2000 to RMB 67 billion. Online game revenue rose 29% to 39.1 billion yuan. Among them, Tencent’s overseas game revenue increased by 43% year on year to 9.8 billion yuan. The growth mainly reflects the revenue contribution of smart phone games including “peace elite”, “King’s glory”, “pubg mobile” and the recent launch of “Tianya Mingyue swordsman Tour”. In the fourth quarter of 2000, the total revenue from smartphone games (including the revenue from smartphone games attributable to Tencent’s social network business) and PC client games were RMB 36.7 billion and RMB 10.2 billion respectively. Social network revenue rose 27% to 27.9 billion yuan. The growth was mainly driven by the merger of Huya live broadcasting service, digital content services such as music and video membership service, and revenue growth of game virtual props sales.

Revenue from online advertising increased by 22% to rmb24.7 billion in the fourth quarter of 2000. This growth was due to increased demand from advertisers in the education, e-commerce platform and FMCG industries, as well as the consolidation of e-Car advertising revenue. Social and other advertising revenue increased by 25% to 20.4 billion yuan. This growth mainly reflects the increasing demand of advertisers for wechat circle of friends resources and customized in app advertising solutions provided by mobile advertising alliance. Media advertising revenue rose 8% to 4.3 billion yuan. The growth was mainly driven by the contribution of music streaming applications and Tencent’s popular TV series.

Revenue from the financial technology and enterprise services business increased 29% year-on-year in the fourth quarter of 2000 to RMB 38.5 billion.

Other key financial information for the fourth quarter of 2000

EBITDA was RMB 42.872 billion, up 20% year on year. The adjusted EBITDA was 46.533 billion yuan, up 21% year on year.

Capital expenditure was 9.659 billion yuan, down 43% year on year.

Free cash flow * was RMB 27.664 billion, down 11% year on year.

As at December 31, 2000, the company’s net cash was RMB 11.063 billion. The total fair value of Tencent’s equity in listed investment companies (excluding subsidiaries) is RMB 1204.9 billion. As at September 30, 2000, the total fair value of Tencent’s equity in listed investment companies (excluding subsidiaries) was RMB 890.7 billion.

*Since 2020, free cash flow has been adjusted to cash flow from operating activities less capital expenditure paid, media content expenditure paid and leasing liabilities. In the first quarter, the second quarter, the third quarter and the fourth quarter of 2019, the free cash flow was 16 billion 800 million yuan, 12 billion 600 million yuan, 28 billion 100 million yuan and 31 billion 300 million yuan respectively.

Business data

Communication and social networking

In the fourth quarter, Tencent’s wechat and wechat’s combined monthly active accounts were 1.225 billion, up 5.2% year on year. The number of monthly active accounts of Tencent QQ intelligent terminal was 595 million, a year-on-year decrease of 8.1%. In 2020, social network revenue will increase by 27% to 108.1 billion yuan.

network game

According to the financial report, Tencent’s online game revenue increased by 29% to RMB 39.1 billion in the fourth quarter, of which the overseas game revenue increased by 43% to RMB 9.8 billion. The growth mainly reflects the revenue contribution of smart phone games including “peace elite”, “King’s glory”, “pubg mobile” and the recent launch of “Tianya Mingyue swordsman Tour”.

Throughout 2020, Tencent’s online game revenue was 156.1 billion yuan, up 36% year on year.

Digital content

The number of Tencent’s value-added service accounts increased by 22% year on year to 219 million. The number of paid video service members reached 123 million, mainly benefiting from the launch of popular animation IP and drama.

financial technology

In the fourth quarter of 2020, the revenue of Tencent’s financial technology and enterprise service business was 38.5 billion yuan, up 29% year on year; in the whole year of 2020, the revenue of Tencent’s financial technology and enterprise service business was 128.1 billion yuan, up 26% year on year.

online advertising

The revenue of online advertising business increased by 20% year-on-year to RMB 82.3 billion, benefiting from platform integration and algorithm upgrading, as well as increased demand from advertisers in education, Internet services and e-commerce platforms. Social and other advertising revenue rose 29% to 68 billion yuan. Media advertising revenue dropped to 14.38 billion yuan.

Value added services

Revenue from value-added services increased by 32% year-on-year to RMB 264.2 billion. Online game revenue increased 36% to 156.1 billion yuan.

Ma Huateng, chairman of Tencent’s board of directors and chief executive officer, said: “despite the unprecedented challenges in 2020, Tencent’s robust performance in various businesses confirms Tencent’s focus on user value, technological innovation and business sustainability. In the consumer Internet, Tencent has further extended its leading position by enriching its product content and a series of innovations. Its international business starting from games has also made considerable progress. In the industrial Internet, Tencent has further penetrated into all walks of life with its flagship SaaS products and upgraded cloud infrastructure. Tencent will continue to practice “science and technology for the better” and work hand in hand with industry partners to bring products and services with increasing value to users, enterprises and even the whole society More reading: Tencent Financial Report: in 2018, Q3 Tencent’s net profit was 19.71 billion yuan, a year-on-year increase of 15%. Tencent Financial Report: in 2013, Q1 Tencent’s total revenue was 13.5476 billion yuan, a month on month increase of 11.5%. Tencent Financial Report: in 2020, Q2 Tencent’s revenue was 114.883 billion yuan, a year-on-year increase of 29%. Tencent Financial Report and brief data in the fourth quarter and the whole year of 2019. Tencent Financial Report: in 2019, Q3 Tencent’s net profit was 20.38 billion yuan Tencent Financial report decreased by 13% on a year-on-year basis diagram: in Q2 of 2019, Tencent’s total revenue was RMB 88.821 billion, up 21% on a year-on-year basis Tencent Financial Report: in Q4 of 2018, the total revenue of annual performance financial report was US $45.561 billion, up 32% on a year-on-year basis Tencent Financial Report: in Q3 of 2018, Tencent’s revenue was RMB 80.6 billion Tencent’s financial report: game, content payment, payment and cloud, advertising are all very good, but the profit margin is declining Tencent Financial Report: 2013 Tencent Financial Report analyst meeting full minutes and key points extraction Tencent Financial Report: 2013 Q3 Tencent total revenue of 15.535 billion yuan, an increase of 34.3% over the same period last year Tencent Financial Report: 2013 Q2 and the first half Tencent technology performance report

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