Financial

2015 Interim Report

Published by Tencent

Summary

Tencent Holdings Limited demonstrated robust financial growth during the first half of 2015, characterized by a 20 percent year-on-year revenue increase to RMB 45.8 billion and a 15 percent rise in profit attributable to equity holders. This performance was primarily propelled by a 97 percent surge in online advertising revenue and consistent expansion within the Value-Added Services segment. The company’s core platforms, most notably Weixin and WeChat, reached a significant milestone of 600 million monthly active users, reinforcing the firm’s dominant position within the Chinese internet ecosystem. The company maintained a strong balance sheet throughout this period, supported by total assets of RMB 218 billion and a healthy debt-to-adjusted EBITDA ratio of 1.23. Strategic capital management included the expansion of the Global Medium Term Note Programme to USD 10 billion and the issuance of senior notes to fund ongoing operations and investments. While the firm recognized minor impairment losses on certain associate investments, its overall investment portfolio—valued at over RMB 79 billion in associates and available-for-sale assets—reflects a deliberate strategy to secure long-term growth in online gaming and internet-related services. Operational focus remained centered on user engagement through eSports, premium content, and cross-platform integration. The company’s workforce grew to over 28,000 employees, supported by comprehensive share-based compensation schemes designed to ensure talent retention. By reclassifying eCommerce transactions to better align with its current operational priorities, the organization streamlined its reporting to reflect a refined focus on its core digital service offerings. Despite increased research and development spending and capital expenditures, the firm concluded the first half of 2015 with a stable financial foundation and a clear trajectory for continued market leadership.

From the report

TenCerHEM TencentHoldingsLimited IncorporatedintheCayman Islands with limited e X smart communication inspires

Contents Contents 2 Corporate Information 2 Corporate Information 3 Financial Performance Highlights 3 Financial Performance Highlights 5 Chairman's Statement 5 Chairman’s Statement 9 Management Discussion and Analysis 9 Management Discussion and Analysis 21 Report on Review of Interim Financial Information 22 Consolidated Statement of Financial Position 25 Consolidated Income Statement 26 Consolidated Statement of Comprehensive Income 27 Consolidated Statement of Changes In Equity 29 Consolidated Statement of Cash Flows 31 Notes to the Interim Financial Information 31 Notes to the Interim Financial Information 73 Other Information 73 Other Information 86 Definition 86 Definition

Corporate Information Corporate Information PRINCIPAL PLACE OF BUSINESS DIRECTORS NOMINATION COMMITTEE DIRECTORS NOMINATION COMMITTEE IN HONG KONG PRINCIPAL PLACE OF BUSINESS Executive Directors Ma Huateng ( C h a i r m a n ) IN HONG KONG Ma Huateng( C h a i r m a n ) Li Dong Sheng 29/F., Three’Pacific Place Lau Chi Ping Martin Iain Ferguson Bruce No. 1 Queen s Road East Non-Executive Directors Ian Charles Stone Wanchai Non-Executive Directors Charles St Leger Searle Hong Kong Jacobus Petrus (Koos) Bekker REMUNERATION COMMITTEE CAYMAN ISLANDS PRINCIPAL Jacobus Petrus (Koos) Bekker REMUNERATION COMMITTEE CAYMAN ISLANDS PRINCIPAL Charles St Leger Searle lan Charles Stone (Chairman, SHARE REGISTRAR AND Independent Non-Executive Directors Ian Charles Stone( C h a i r m a n ) TRANSFER OFFICE Independent Non-Executive Directors Li Dong Sheng Royal Bank of Canada Trust Company Li Dong Sheng Jacobus Petrus (Koos) Bekker Li Dong Sheng Jacobus Petrus (Koos) Bekker Royal Bank of Canada Trust Company Iain Ferguson Bruce AUDITOR (Cayman) Limited Ian Charles Stone 4th Floor, Royal Bank House PricewaterhouseCoopers 24 Shedden Road, George Town AUDIT COMMITTEE Certified Public Accountants Grand Cayman KY1-1110 Cayman Islands Iain Ferguson Bruce( C h a i r m a n ) Ian Charles Stone PRINCIPAL BANKER HONG KONG BRANCH SHARE Charles St Leger Searle The Hongkong and Shanghai Banking REGISTRAR AND TRANSFER Corporation Limited OFFICE CORPORATE GOVERNANCE Computershare Hong Kong Investor COMMITTEE REGISTERED OFFICE Services Limited

Ferguson Bruce( C h a i r m a n ) Ian Charles Stone PRINCIPAL BANKER HONG KONG BRANCH SHARE Charles St Leger Searle The Hongkong and Shanghai Banking REGISTRAR AND TRANSFER Corporation Limited OFFICE CORPORATE GOVERNANCE Computershare Hong Kong Investor COMMITTEE REGISTERED OFFICE Services Limited Charles St Leger Searle Cricket Square Iain Ferguson Bruce ( C h a i r m a n ) Ian Charles Stone Hutchins Drive, P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands INVESTMENT COMMITTEE TENCENT GROUP HEAD OFFICE Shops 1712-1716, 17th Floor Hopewell Centre 183 Queen’s Road East Wan Chai, Hong Kong COMPANY WEBSITE Lau Chi Ping Martin ( C h a i r m a n ) www.tencent.com Ma Huateng Tencent Building Charles St Leger Searle Kejizhongyi Avenue STOCK CODE Hi-tech Park Nanshan District 700 Shenzhen, 518057 The PRC 2 Tencent Holdings Limited

> **[Chart page]** This page contains visual data — view in PDF for the best experience. Financial Performance Highlights Financial Performance Highlights FIRST HALF OF 2015 FIRST HALF OF 2015 Unaudited Six months ended 30 June Six Unaudited Year-on-year months ended 30 June 30 June Year-on-year 2015 2014 change (RMB in millions, unless specified) Revenues 45,828 38,146 20% Revenues 45,828 38,146 20% Gross profit 27,872 22,772 22% Gross profit 27,872 22,772 22% Operating profit 19,408 15,633 24% Operating profit 19,408 15,633 24% Profit for the period 14,326 12,258 17% Profit attributable to equity holders of the Company 14,197 12,293 15% Non-GAAP profit attributable to equity holders of the Company * 15,177 11,265 35% EPS (RMB per share) – basic 1.528 1.332 15% – diluted 1.512 1.313 15% Non-GAAP EPS (RMB per share) * – basic 1.634 1.220 34% – diluted 1.616 1.203 34% Interim Report 2015 3

> **[Chart page]** This page contains visual data — view in PDF for the best experience. Financial Performance Highlights Financial Performance Highlights SECOND QUARTER OF 2015 SECOND QUARTER OF 2015 Unaudited Three months ended Unaudited Three months ended Quarter- 30 June 30 June Year- 31 March Quarter- 30 June 30 June on-year 31 March on-quarter 2015 2014 change 2015 change (RMB in millions, unless specified) Revenues 23,429 19,746 19% 22,399 5% Revenues 23,429 19,746 19% 22,399 5% Gross profit 14,438 12,172 19% 13,434 7% Gross profit 14,438 12,172 19% 13,434 7% Operating profit 10,036 7,843 28% 9,372 7% Operating profit 10,036 7,843 28% 9,372 7% Profit for the period 7,396 5,826 27% 6,930 7% Profit attributable to equity holders of the Company 7,314 5,836 25% 6,883 6% Non-GAAP profit attributable to equity holders of the Company * 7,975 6,061 32% 7,202 11% EPS (RMB per share) – basic 0.787 0.632 25% 0.741 6% – diluted 0.778 0.623 25% 0.733 6% Non-GAAP EPS (RMB per share) * – basic 0.858 0.656 31% 0.776 11% – diluted 0.849 0.647 31% 0.767 11% * Since the second quarter of 2015, we have included relevant non-GAAP adjustments for our material associates in our non-GAAP adjustments. We adopted the new presentation in order to more clearly illustrate our non-GAAP financial measures, and to be more consistent with what we believe to be industry practice. Comparative figures have been adjusted to conform to the new presentation. 4 Tencent Holdings Limited

Pages: 90
Words: 30,488
Type: Financial

Topics

View this document on Game Industry Library.

Related Documents

Financial

Financial Results: Fiscal Year Ending March 2019

Record high profits were achieved! FY2017 Strengthening digital marketing FY2018 YoY Change Amount Ratio Amount Ratio Amount Rate of change Sales 38,926 100.0% 38,968 100.0% 42 0.1% Operating 30.1% 0 Developing new markets in Asia Profit 11,711 12,092 31.0% 381 3.3% Ordinary 18,293 47.0% 11,711 47.0% Profit 18,307 ...

market-analysis marketing investment+3

Koei Tecmo

Report

2024 Interim Report

Incorporated in the Cayman Islands with limited liability smart communication inspires 2024 P Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consoli...

market-analysis investment global+1

Tencent

Report

2023 Annual Report: Tencent Holdings

7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...

market-analysis investment china+1

Tencent

Report

2021 Interim Report

Incorporated in the Cayman Islands with limited liability 3 Financial Performance Highlights 3 Financial Performance Highlights 9 Management Discussion and Analysis 9 Management Discussion and Analysis 23 Report on Review of Interim Financial Information Report on Review of Interim Financial Information 24 Consolidated Income Statement 25 Consolidated Statement of Comprehensive Income 26 Consolidated Statement of Financial Position 29 Consolidated Statement o...

market-analysis investment mergers-acquisitions+2

Tencent