Sina science and technology news on the afternoon of March 23, tencent Holdings today released the fourth quarter and full year financial statements of 2021. The financial report shows that Tencent's revenue in the fourth quarter was 144.2 billion yuan, and the market expected 145.3 billion yuan, up 8% year on year; The net profit was 94.96 billion yuan, up 60% year on year, not under the International Financial Reporting Standards; Net profit of 24.88 billion yuan decreased by 25% year on year
In 2021, Tencent's revenue will reach 560.12 billion yuan, up 16% year on year. Net profit was 224.82 billion yuan, estimated to be 161.99 billion yuan, up 41% year on year; Non IFRS; The net profit was 123.788 billion yuan, up 1% year on year.
Performance summary of the fourth quarter of 2021:
Total revenue: increased by 8% year on year. Profit attributable to equity holders of the Company in accordance with non international financial reporting standards: decreased by 25% year on year
The total revenue was 144.188 billion yuan ($22.615 billion), an increase of 8% over the fourth quarter of 2020 ("year-on-year").
In accordance with non international financial reporting standards, the impact of certain one-off and/or non cash items is excluded to reflect the performance of core businesses:
-The operating profit was 33.151 billion yuan (US $5.2 billion), down 13% year on year; The operating profit margin dropped to 23% from 28% in the same period last year.
-The profit during the period was 25.758 billion yuan (US $4.04 billion), down 25% year on year; Net profit margin dropped to 18% from 26% in the same period last year.
-During the period, the profit attributable to equity holders of the Company was 24.88 billion yuan (3.902 billion US dollars), down 25% year on year.
-The basic earnings per share was 2.609 yuan, and the diluted earnings per share was 2.547 yuan.
According to International Financial Reporting Standards:
-Operating profit was 109.723 billion yuan (172.1 billion dollars), up 72% year on year; The operating profit margin rose to 76% from 48% in the same period last year.
-The profit during the period was 95.705 billion yuan (US $15.011 billion), up 61% year on year; Net profit margin rose to 66% from 44% in the same period last year.
-During the period, the profit attributable to equity holders of the Company was 94.958 billion yuan (14.894 billion dollars), up 60% year on year.
-Basic earnings per share was 9.957 yuan. Diluted earnings per share were 9.788 yuan.
The total cash at the end of the period was 281.286 billion yuan (US $44.118 billion).
2021 Annual Performance Summary:
Total revenue: increased by 16%. Profit attributable to equity holders of the Company in accordance with non IFRS: increased by 1%
The total revenue was 560.18 billion yuan (US $87.852 billion), an increase of 16% over 2020.
In accordance with non international financial reporting standards, the impact of certain one-off and/or non cash items is excluded to reflect the performance of core businesses:
-Operating profit was 159.539 billion yuan (US $25.023 billion), up 7%; The operating profit margin decreased from 31% last year to 28%.
-The annual profit was 127.919 billion yuan (US $20.064 billion), up 1%; Net profit margin dropped from 26% last year to 23%.
-The profit attributable to equity holders of the Company in the year was 123.788 billion yuan (US $19.416 billion), up 1%.
-The basic earnings per share was 12.992 yuan, and the diluted earnings per share was 12.698 yuan.
According to International Financial Reporting Standards:
-Operating profit was 271.62 billion yuan (US $42.602 billion), up 47%; The operating profit margin rose to 48% from 38% last year.
-The annual profit was 227.81 billion yuan (US $35.731 billion), up 42%; Net profit margin rose to 41% from 33% last year.
-The profit attributable to equity holders of the Company in the year was 224.822 billion yuan (US $35.262 billion), an increase of 41%.
-Basic earnings per share was 23.597 yuan. Diluted earnings per share was 23.164 yuan.
Other major financial information in the fourth quarter of 2021:
-The revenue from value-added services was 71.9 billion yuan, up 7% year on year; The game revenue in the local market increased by 1% year-on-year to 29.6 billion yuan. Game revenue in the international market increased by 34% year-on-year to 13.2 billion yuan.
-Financial technology and enterprise service business revenue reached 48 billion yuan, up 25% year on year;
-Social network revenue was 29.1 billion yuan, up 4% year on year;
-EBITDA was 36.568 billion yuan, down 15% year on year. The adjusted EBITDA was 42.267 billion yuan, down 9% year on year.
Capital expenditure was 11.661 billion yuan, up 21% year on year.
Free cash flow was 33.55 billion yuan, up 21% year on year.
On December 31, 2021, Tencent's net debt was 20.2 billion yuan. The fair value of equity in listed investment companies (excluding subsidiaries) is 982.8 billion yuan.
Operating data in the fourth quarter of 2021:
As of December 31, 2021, WeChat and WeChat had a combined monthly active account of 1.268 billion, up 3.5% year on year.
As of December 31, 2021, the number of monthly active accounts on QQ mobile terminals was 552 million, down 7.2% year on year.
In the fourth quarter, 236 million paid members for value-added services, up 8% year on year;
In the fourth quarter, the number of video paying members was 124 million, up 1% year on year;
In the fourth quarter, Tencent's total game duration for minors decreased 88% year on year, accounting for 0.9% of the total game duration in the local market. The total flow of minors decreased by 73% year on year, accounting for 1.5% of the total flow of games in the local market. Tencent expects that the impact of minor protection measures will be fully absorbed in the second half of 2022. After the release of the new version number, Tencent believes that it will benefit from the launch of more new games.
Employee compensation:
As of December 31, 2021, Tencent has 112771 employees, up 31.3% year on year. In 2021, the total remuneration will be 95.523 billion yuan, up 37.1% year on year. Based on this, the average monthly salary of Tencent employees will reach 70500 yuan.
Other income:
Tencent recorded a net other income of 149.5 billion yuan in the year ended December 31, 2021, mainly due to non IFRS adjustments, such as deemed disposal and net income from disposal of several investment companies (including deemed disposal JD.COM The Group's share income of 78.2 billion yuan) and the net income from fair value arising from the increase in the valuation of several investment companies were partially offset by the provision for impairment made by several investment companies due to the adjustment of their financial prospects and changes in their business environment.
