Chinese technology giants Tencent's quarterly revenue and net profit fell at the same time at the same time. It was mainly affected by the low income of investment losses and games and advertising. The company emphasized that "cost reduction and efficiency".
Surging News quoted Tencent Holdings on Wednesday (August 17), the second quarter of 2022, which reported that Tencent's total revenue in the second quarter was 134 billion yuan (RMB, the same below, about 27.3 billion yuan), A year -on -year decrease of 3%; net profit of 18.6 billion yuan, a decrease of 56%year -on -year, and the net profit of 28.1 billion yuan after adjusting the non -international financial report standards, a year -on -year decrease of 17%; this is Tencent's fourth consecutive quarter of net profit decline, but comparedLast quarter, narrowed from the previous quarter.
Reported that "cost reduction and efficiency" is the keyword of the Tencent's financial report. Tencent said that in the second quarter of this year, it took the initiative to withdraw from the non -core business, tighten marketing expenditure, cut operation costs, and will focus on improving in the future.Business efficiency and increase new sources of income.
The financial report shows that the decline in revenue and profits in Tencent in the second quarter is mainly related to the downturn of core business games and advertising, and at the same time, it is also affected by the significant loss of investment.
Among them, the international gaming industry is affected by the post -epidemic era, and revenue in the second quarter decreased by 1%to 10.7 billion yuan; the local game market experienced a adjustment period, facing the decline in the number of large games, decreased user consumption, and consumption of user consumptionA series of transitional challenges such as the implementation of minors' protection measures, revenue dropped by 1%to 31.8 billion yuan.
China has issued four batches of trial version number since the restoration of the game version number in April, but Tencent has been absent. The last time it got the game version number was May 2021.However, Tencent executives revealed in the financial report call that the game -related supervision and approval showed positive signs.
The financial report shows that Tencent's online advertising revenue fell 18%to 18.6 billion yuan in the second quarter, reflecting the obvious weak demand in the fields of Internet services, education and finance; social and other advertising revenue decreased by 17%to 16.1 billion yuanIt is due to weak advertising demand and sluggish advertising bidding; media advertising revenue has decreased by 25%to 2.5 billion yuan.
At the same time, Tencent still recorded a significant loss of investment in the second quarter, with 4.5 billion yuan, and the same period last year was 3.9 billion yuan. Under the non -international financial report standards, Tencent recorded investment loss of 1 billion yuan,In the same period last year, it was 400 million yuan. Tencent said that the change was mainly influenced by JD Group as an associate company.
In response to previous market rumors, Tencent will sell Meituan shares. Tencent executives responded that this rumor was "inaccurate", but the financial report showed that Tencent has made a significant "weight loss" on its investment industry in half a year in half a year.Essence
The financial report data shows that as of June 30, Tencent's fair value of the equity of listed investment companies was 601.9 billion yuan, and at the end of last year, it was 982.835 billion yuan, a decrease of about 380 billion yuan in half a year.Stocks of companies such as New Oriental Online, Huayi Brothers and other companies.
The financial report also shows that Tencent continues to increase technology and R & D investment. Among them, the income of the fintech and corporate service sector in the second quarter was 42.208 billion yuan, accounting for 32%; R & D investment increased by 17%year -on -year to 15.01 billion yuanEssence
On the other hand, Tencent's widely watched layoff plan is also reflected in the financial report.
As of June 30 this year, there were 11715 employees in Tencent, and at the end of March, the employees were 116,213, and the employees had reduced 5,498 in three months; Tencent's second -quarter salary was 2755 billion yuan.According to employee data calculation, the per capita monthly pay cost of employees in Tencent in the second quarter was 82,900 yuan, a decrease of 900 yuan from the first quarter.
However, there were only 94,182 employees in Tencent in the same period last year. In the first half of this year, employees increased by more than 17%. At the same time, the total cost of employees in the middle of Tencent this year was 56.779 billion yuan, an increase of 44.388 billion yuan in the same period last year.Nearly 28%.
Tencent executives revealed in the conference call after the financial report that the cost of Tencent in the future still has more room for further decline. In the previous measures, the number and salary have been optimized.The cost control effect will be further reflected.
As of press time, Tencent's stock price closed at HK $ 312.8 (about S $ 55.1), an increase of 3.17%on that day.However, Tencent's stock price had been settled before. Since the announcement of the large shareholders' release at the end of June, Tencent's stock price has fallen by 24%in more than a month, and its market value has evaporated at HK $ 900 billion, and has fallen below the 300 Hong Kong dollar mark.
