Tencent market cap is $4.5 t, and annual revenue was ¥482.06 b in FY 2020

Tencent Revenue growth (FY, 2019 - FY, 2020), %28%

Tencent Gross profit (FY, 2020)221.5 B

Tencent Gross profit margin (FY, 2020), %46%

Tencent Net income (FY, 2020)160.1 B

Tencent EBIT (FY, 2020)184.2 B

Tencent Cash, 31-Dec-2020152.8 B

Tencent EV248.8 T

Tencent revenue was ¥482.06 b in FY, 2020 which is a 27.8% year over year increase from the previous period.

Tencent revenue breakdown by business segment: 26.6% from FinTech and Business Services, 54.8% from Value-Added Services, 17.1% from Online Advertising and 1.6% from Other

Tencent revenue breakdown by geographic segment: 7.0% from Others and 93.0% from Mainland China

CNY | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 237.8b | 312.7b | 377.3b | 482.1b |

| 32% | 21% | 28% | |

## Cost of goods sold | 120.8b | 170.6b | 209.8b | 260.5b |

## Gross profit | 116.9b | 142.1b | 167.5b | 221.5b |

| 49% | 45% | 44% | 46% |

## Sales and marketing expense | 17.7b | 24.2b | 21.4b | 33.8b |

## General and administrative expense | 33.1b | 41.5b | 53.4b | 67.6b |

## Operating expense total | 50.7b | 65.8b | 74.8b | 101.4b |

## EBIT | 90.3b | 97.6b | 118.7b | 184.2b |

| 38% | 31% | 31% | 38% |

## Interest expense | 3.1b | 4.9b | 7.7b | 7.4b |

## Interest income | 3.9b | 4.6b | 6.3b | 7.0b |

## Pre tax profit | 88.2b | 94.5b | 109.4b | 180.0b |

## Income tax expense | 15.7b | 14.5b | 13.5b | 19.9b |

## Net Income | 72.5b | 80.0b | 95.9b | 160.1b |

## EPS | 7.5 | 8.2 | 9.6 | 16.5 |

CNY | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 73.5b | 73.7b | 80.6b | 85.5b | 88.8b | 97.2b | 108.1b | 114.9b | 125.4b |

## Cost of goods sold | 36.5b | 39.2b | 45.1b | 45.6b | 49.7b | 54.8b | 55.3b | 61.7b | 68.8b |

## Gross profit | 37.0b | 34.4b | 35.5b | 39.8b | 39.1b | 42.5b | 52.8b | 53.2b | 56.6b |

| 50% | 47% | 44% | 47% | 44% | 44% | 49% | 46% | 45% |

## Sales and marketing expense | 5.6b | 6.4b | 6.6b | 4.2b | 4.7b | 5.7b | 7.0b | 7.8b | 8.9b |

## General and administrative expense | 9.4b | 9.9b | 10.9b | 11.3b | 12.6b | 13.5b | 14.2b | 16.5b | 17.2b |

## Operating expense total | 15.0b | 16.2b | 17.5b | 15.6b | 17.3b | 19.3b | 21.2b | 24.3b | 26.1b |

## EBIT | 30.7b | 21.8b | 27.9b | 36.7b | 27.5b | 25.8b | 37.3b | 39.3b | 44.0b |

| 42% | 30% | 35% | 43% | 31% | 27% | 34% | 34% | 35% |

## Interest income | 1.1b | 1.1b | 1.1b | 1.4b | 1.7b | 1.7b | 1.6b | 1.7b | 1.9b |

## Pre tax profit | 29.7b | 22.2b | 26.6b | 32.7b | 27.9b | 24.3b | 35.3b | 37.0b | 44.6b |

## Income tax expense | 5.7b | 3.6b | 3.2b | 4.8b | 3.2b | 3.3b | 5.9b | 4.6b | 5.7b |

## Net Income | 24.0b | 18.6b | 23.4b | 27.9b | 24.7b | 21.0b | 29.4b | 32.5b | 38.9b |

## EPS | 2.4 | 1.9 | 2.4 | 2.8 | 2.5 | 2.1 | 3.0 | 3.4 | 4.0 |

CNY | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 105.7b | 97.8b | 133.0b | 152.8b |

## Accounts Receivable | 16.5b | 28.4b | 35.8b | 45.0b |

## Prepaid Expenses | 6.7b | 7.5b | 8.4b | 10.2b |

## Inventories | 295.0m | 324.0m | 718.0m | 814.0m |

## Current Assets | 178.4b | 217.1b | 254.0b | 317.6b |

## PP&E | 23.6b | 35.1b | 46.8b | 59.8b |

## Goodwill | 23.6b | 32.6b | 93.5b | 108.6b |

## Total Assets | 554.7b | 723.5b | 954.0b | 1.3t |

## Accounts Payable | 50.1b | 73.7b | 80.7b | 94.0b |

## Short-term debt | 20.4b | 40.6b | 36.5b | 18.1b |

## Current Liabilities | 151.7b | 202.4b | 240.2b | 269.1b |

## Long-term debt | 111.5b | 138.7b | 196.0b | 244.4t |

## Non-Current Liabilities | 125.8b | 164.9b | 225.0b | 286.3b |

## Total Debt | 131.9b | 179.3b | 232.5b | 244.4t |

## Total Liabilities | 277.6b | 367.3b | 465.2b | 555.4b |

## Additional Paid-in Capital | 22.2b | 27.3b | 35.3b | 48.8b |

## Retained Earnings | 202.7b | 299.7b | 384.7b | 538.5b |

## Total Equity | 277.1b | 356.2b | 488.8b | 778.0b |

## Debt to Equity Ratio | 0.5 x | 0.5 x | 0.5 x | 314.1 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 183.3 x |

## Financial Leverage | 2 x | 2 x | 2 x | 1.7 x |

CNY | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | 72.5b | 80.0b | 95.9b | 160.1b |

## Depreciation and Amortization | 23.6b | 34.2b | 44.7b | 50.8b |

## Accounts Receivable | (6.4b) | (10.3b) | (6.0b) | (7.5b) |

## Inventories | (39.0m) | (29.0m) | (394.0m) | (95.0m) |

## Accounts Payable | 16.1b | 23.0b | 6.4b | 13.0b |

## Cash From Operating Activities | 106.1b | 106.4b | 148.6b | 194.1b |

## Purchases of PP&E | (12.1b) | (19.7b) | (22.8b) | (34.1b) |

## Cash From Investing Activities | (96.4b) | (151.9b) | (116.2b) | (182.0b) |

## Short-term Borrowings | (12.4b) | (23.5b) | (22.1b) | (8.5b) |

## Long-term Borrowings | (8.7b) | (4.9b) | (71.0b) | (29.9b) |

## Dividends Paid | (6.0b) | (7.4b) | (9.5b) | (11.4b) |

## Cash From Financing Activities | 26.6b | 35.4b | 1.7b | 13.6b |

## Net Change in Cash | 36.3b | (10.1b) | 34.1b | 25.8b |

## Interest Paid | 7.0b | 7.1b | ||

## Income Taxes Paid | 13.9b | 14.5b | 17.2b | 20.3b |

CNY | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Cash From Operating Activities | 19.8b | 41.4b | 73.2b | 28.8b | 53.8b | 98.0b | 54.7b | 98.7b | 145.3b |

## Cash From Investing Activities | (39.3b) | (72.9b) | (102.2b) | (21.4b) | (36.3b) | (56.4b) | (52.3b) | (92.9b) | (140.5b) |

## Cash From Financing Activities | 33.1b | 30.1b | 26.3b | 5.6b | 7.3b | 4.2b | (761.0m) | 34.5b | 17.6b |

## Net Change in Cash | 13.6b | (1.4b) | (2.7b) | 13.0b | 24.8b | 45.8b | 1.6b | 40.3b | 22.3b |

CNY | FY, 2017 |
---|---|

## Revenue/Employee | 5.3m |

## Debt/Equity | 0.5 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 2 x |

Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q4, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Monthly Active Users (QQ) | 783.4 m | 805.5 m | 803.2 m | 802.6 m | 807.1 m | 823 m | 807.9 m | 731 m | 727 m | 767.5 m | 744.4 m | ||

## Smart Device Monthly Active Users (QQ) | 683 m | 694.1 m | 708.6 m | 697.9 m | 699.8 m | 700.4 m | 706.7 m | 653.4 m | 647 m | 693.5 m | 647.6 m | 617.4 m | 594.9 m |

## Combined Monthly Active Users (Weixin and WeChat) | 988.6 m | 1.04 b | 1.06 b | 1.08 b | 1.1 b | 1.12 b | 1.13 b | 1.15 b | 1.16 b | 1.2 b | 1.21 b | 1.21 b | 1.23 b |

## Peak Concurrent User Accounts, QQ | 272.2 m | ||||||||||||

## Monthly Active Users (Qzone) | 563.3 m | 562.3 m | 548.3 m | ||||||||||

## Smart Device Monthly Active Users (Qzone) | 554 m | 550 m | 542.7 m | 531.1 m | 532.4 m | 571.9 m | 553.5 m | 517 m | 507 m | 542.8 m | 513 m | ||

## Fee-based Value Added Services Registered Subscriptions | 134.6 m | 147.1 m | 153.9 m | 154.1 m | 160.3 m | 165.5 m | 168.9 m | 170.6 m | 180.1 m | 197.4 m | 203.4 m | 213.4 m | 219.5 m |

## Online Music Subscriptions | 28.4 m | 31 m | 35.4 m | 39.9 m | 42.7 m | 47.1 m | 51.7 m | 56 m | |||||

## Online Video Subscriptions | 89 m | 96.9 m | 100.2 m | 105.7 m | 112 m | 114.3 m | 120.1 m | 123.4 m |