Tencent Announces 2012 Second Quarter and Interim Results

Posted on 2012-08-16 10:49:17 BJT, by Tencent

Tencent Announces 2012 Second Quarter and Interim Results

  HONG KONG,Aug. 15, 2012/PRNewswire-Asia/ --TencentHoldings Limited ("Tencent" or the "Company", SEHK 00700), a leading provider of comprehensive Internet services inChina, today announced the unaudited consolidated results for the second quarter and the first half year of 2012 endedJune 30, 2012.

  Highlights of the First Half of 2012:

  Total revenues wereRMB20,175.1 million(USD3,189.8 million(1)), an increase of 54.3% over the first half of year endedJune 30, 2011("YoY").

  Revenues from Internet value-added services ("IVAS") wereRMB15,168.2 million(USD2,398.2 million), an increase of 42.6% YoY.

  Revenues from mobile & telecommunications value-added services ("MVAS") wereRMB1,842.8 million(USD291.4 million), an increase of 17.3% YoY.

  Revenues from online advertising wereRMB1,419.8 million(USD224.5 million), an increase of 79.0% YoY.

  Revenues from e-Commerce transactions wereRMB1,610.3 million(USD254.6 million).

  Gross profit wasRMB12,027.4 million(USD1,901.6 million), an increase of 40.6% YoY. Gross margin decreased to 59.6% from 65.4% for the first half of 2011.

  Operating profit wasRMB7,629.0 million(USD1,206.2 million), an increase of 23.6% YoY. Operating margin decreased to 37.8% from 47.2% for the first half of 2011.

  Non-GAAP operating profit(2) wasRMB8,289.8 million(USD1,310.7 million), an increase of 31.2% YoY. Non-GAAP operating margin decreased to 41.1% from 48.3% for the first half of 2011.

  Profit for the period wasRMB6,072.9 million(USD960.2 million), an increase of 16.2% YoY. Net margin decreased to 30.1% from 40.0% for the first half of 2011.

  Non-GAAP profit for the period(2) wasRMB6,720.9 million(USD1,062.6 million), an increase of 26.9% YoY. Non-GAAP net margin decreased to 33.3% from 40.5% for the first half of 2011.

  Profit attributable to equity holders of the Company for the period wasRMB6,049.6 million(USD956.5 million), an increase of 15.9% YoY.

  Non-GAAP profit attributable to equity holders of the Company(2) for the period wasRMB6,667.3 million(USD1,054.1 million), an increase of 26.5% YoY.

  Basic earnings per share wereRMB3.316. Diluted earnings per share wereRMB3.252.

  HighlightsoftheSecond Quarterof 2012:

  Total revenues wereRMB10,527.2 million(USD1,664.4 million), an increase of 9.1% over the first quarter of 2012 ("QoQ") or an increase of 56.2% over the second quarter of 2011 ("YoY").

  Revenues from IVAS wereRMB7,786.6 million(USD1,231.1 million), an increase of 5.5% QoQ or an increase of 44.6% YoY.

  Revenues from MVAS wereRMB929.0 million(USD146.9 million), an increase of 1.7% QoQ or an increase of 17.0% YoY.

  Revenues from online advertising wereRMB879.7 million(USD139.1 million), an increase of 62.9% QoQ or an increase of 71.7% YoY.

  Revenues from e-Commerce transactions wereRMB857.5 million(USD135.6 million), an increase of 13.9% QoQ.

  Gross profit wasRMB6,215.9 million(USD982.8 million), an increase of 7.0% QoQ or an increase of 41.0% YoY. Gross margin decreased to 59.0% from 60.2% last quarter.

  Operating profit wasRMB3,937.6 million(USD622.6 million), an increase of 6.7% QoQ or an increase of 41.4% YoY. Operating margin decreased to 37.4% from 38.3% last quarter.

  Non-GAAP operating profit(3) wasRMB4,221.5 million(USD667.4 million), an increase of 3.8% QoQ or an increase of 32.0% YoY. Non-GAAP operating margin decreased to 40.1% from 42.2% last quarter.

  Profit for the quarter wasRMB3,110.6 million(USD491.8 million), an increase of 5.0% QoQ or an increase of 32.7% YoY. Net margin decreased to 29.5% from 30.7% last quarter.

  Non-GAAP profit for the quarter(3) wasRMB3,410.4 million(USD539.2 million), an increase of 3.0% QoQ or an increase of 26.6% YoY. Non-GAAP net margin decreased to 32.4% from 34.3% last quarter.

  Profit attributable to equity holders of the Company for the quarter wasRMB3,100.1 million(USD490.1 million), an increase of 5.1% QoQ or an increase of 32.0% YoY.

  Non-GAAP profit attributable to equity holders of the Company for the quarter(3) wasRMB3,386.3 million(USD535.4 million), an increase of 3.2% QoQ or an increase of 26.0% YoY.

  Basic earnings per share wereRMB1.698. Diluted earnings per share wereRMB1.665.

  Key platform statistics:

  Monthly active Instant Messaging ("IM") user accounts were 783.6 million, an increase of 4.2% QoQ or an increase of 11.6% YoY.

  Peak simultaneous online IM user accounts were 166.6 million, a decrease of 0.5% QoQ or an increase of 21.9% YoY.

  Monthly active Qzone user accounts were 597.6 million, an increase of 3.6% QoQ or an increase of 11.5% YoY; monthly active Pengyou user accounts were 247.7 million, an increase of 15.5% QoQ or an increase of 30.6% YoY.

  Peak simultaneous online QQ Game Platform user accounts were 8.8 million, flat QoQ or an increase of 17.3% YoY.

  Fee-based IVAS registered subscriptions were 74.7 million, a decrease of 8.7% QoQ or a decrease of 2.4% YoY.

  Fee-based MVAS registered subscriptions were 34.6 million, an increase of 0.3% QoQ or an increase of 16.1% YoY.

  Mr.Ma Huateng, Chairman and CEO ofTencent, said, "We delivered another solid set of revenue and earnings results during the second quarter of 2012 despite a more challenging macro environment. Leveraging our leading social platforms across both PCs and mobile phones, we continued to build stronger user engagement. We also made progress in our open platform initiatives, bringing benefits to our users and our partners. The growth in our new advertising solutions drove rapid growth in our advertising revenue. To embrace the advent of mobile Internet and the challenges of the evolving Internet industry, we will continue to invest in innovations and technologies so as to provide our users with even better user experience."

  

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