Tencent Holdings’ third-quarter net profit of 39.5 billion employees exceeded 100,000 with an average monthly salary of 80,000-Finance News

Original title: Tencent Holdings’ net profit in the third quarter of 39.5 billion employees exceeded 100,000 with an average monthly salary of 80,000

Source: Yangtze River Commercial Daily

　　Changjiang Business Daily News ●Changjiang Commercial Daily reporter Zhao Jie

Behind the short-term profitability challenges, Tencent’s performance continued to pick up.

On November 10th, Tencent Holdings (00700.HK) disclosed its 2021 third-quarter performance report. In the third quarter, revenue was 142.368 billion yuan (RMB, the same below), a year-on-year increase of 13%, and net profit was 39.5 billion yuan, a year-on-year increase of 3 %. In the third quarter, Tencent Holdings’ free cash flow was 24.1 billion yuan. As of the close of business on November 11, the total market value is now 4.59 trillion Hong Kong dollars.

As of the end of the reporting period, the company had 107,348 employees, compared with 77,592 in the same period last year. The company’s total remuneration cost for the three months ended September 30, 2021 was 25.963 billion yuan. Based on this calculation, the average monthly salary of Tencent Holdings employees in the third quarter reached 80,600 yuan.

Since last year, Tencent has accelerated its “removal of falsehood and enrichment”, actively participating in the real economy and assisting the digital transformation of traditional industries. At present, Tencent Industrial Internet has landed in more than 30 industries, and has created more than 400 industry solutions with 9,000 partners, achieving “same growth and coexistence” with the physical industry.

　　Steady improvement of core business

Of the total operating income of 142.4 billion yuan, the financial technology and corporate services sector contributed 43.3 billion yuan, a year-on-year increase of 30%. According to Tencent Holdings, the growth in financial technology service revenue mainly reflects the increase in commercial payments. The year-on-year increase in corporate service revenue was due to the deepening of the digitization of traditional industries and the video trend of the Internet industry, as well as the contribution of corporate service revenue from the merger of Bitauto.

Driven by games such as “Honor of Kings”, game revenue in the local market increased by 5% year-on-year to 33.6 billion yuan. Game revenue in the international market increased by 20% to 11.3 billion yuan.

In terms of online advertising business, the company’s revenue in the third quarter of 2021 increased by 5% year-on-year to 22.5 billion yuan. Tencent Holdings said that despite the weak advertising demand in industries such as education, insurance, and gaming, steady demand from advertisers in consumer staples and Internet services, as well as the advertising revenue contribution from the merger of Bitauto, are still driving the growth of advertising revenue.

Since the third quarter, Tencent has continuously enriched and upgraded its SaaS products and used its C2B capabilities to serve corporate customers. Tencent Enterprise Point became the industry’s first product to achieve omni-channel integration, serving more than 1 million companies in 18 industries, with a significant increase in the proportion of large and medium-sized customers, and was rated as the leader in the quadrant of China’s smart customer service market by the internationally renowned market research institution Sullivan one.

As of the end of the reporting period, the number of combined monthly active accounts of WeChat and WeChat reached 1.263 billion, an increase of 4.1% year-on-year; the number of monthly active accounts of QQ’s mobile terminal was 574 million, a year-on-year decrease of 7.1%.

Financially, on September 30, 2021, the company’s net debt was 26.1 billion yuan, while on June 30, 2021, the net debt was 21 billion yuan. The quarter-on-quarter change was mainly due to cash outflows from mergers and acquisitions (including the acquisition of Sogou) and payments from Tencent and its listed subsidiaries to repurchase shares, partially offset by the free cash flow generated and the disposal of equity in certain listed investment companies pin.

　　R&D investment of 13.73 billion hits a new quarterly high

With the development of the application of 5G and AI technologies, traditional industries such as industrial manufacturing are also in urgent need of digital and intelligent transformation to achieve cost reduction and efficiency enhancement. This has always been a challenge and difficulty in the integration of the digital economy and the real economy.

After years of deployment and technology investment, Tencent currently has the largest digital infrastructure in Asia. It is the first company in China and the fifth in the world to operate more than one million servers. It is also the cloud with the strongest computing power and the largest daily real-time computing capacity in China. Vendor. At present, Tencent Industrial Internet has landed in more than 30 industries, and has created more than 400 industry solutions with 9,000 partners, achieving “same growth and coexistence” with the physical industry.

2021 is regarded by many as a watershed in the rapid development of the Internet industry. The implementation of a series of regulatory policies has announced the end of the industry’s barbaric growth. Improving the digital economy governance system and standardizing the development of the digital economy have become the consensus of the industry.

In addition to a large number of digital inclusive practices, in the inclusive of technology, Tencent Conference’s AI technology has also been applied to hearing-impaired public welfare, which can effectively help cochlear wearers increase their hearing intelligibility rate by 40%; Tencent Miying’s “pneumonia” CT image-assisted triage and evaluation software” is gradually reaching the clinic and becoming a member of the medical industry.

In terms of investment in scientific research, Tencent’s R&D expenditure in the third quarter reached 13.73 billion yuan, a record high in a single quarter this year. Tencent’s cumulative R&D investment in the first three quarters of this year reached 37.859 billion yuan, a 36% increase year-on-year.

In addition, in view of the layout of Metaverse, Tencent will increase its investment in the research and development of virtual reality products in the game sector in the fiscal year 2022-2023, and provide products with higher participation and better user experience.

Editor in charge: Deng Jian