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TENCENT ANNOUNCES 2024 ANNUAL AND FOURTH QUARTER RESULTS

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Achieved High Quality Revenue Growth with Sustained Operating Leverage

More Than Doubled Share Repurchase to Approximately HKD112bn

Stepping Up AI Investment for Growth

HONG KONG, March 19, 2025 /PRNewswire/ — Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), “Tencent” or the “Company”), a world-leading Internet and technology company in China, today announced the audited consolidated results for the year ended 31 December 2024 (“FY2024”)  and the unaudited consolidated results for the fourth quarter (“4Q2024”) ended 31 December 2024.

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “Benefitting from AI-powered enhancements to our advertising platform, higher engagement in Video Accounts, and growth in our evergreen games, we achieved double digit revenue growth while sustaining continued operating leverage in the fourth quarter of 2024. Starting a few months ago, we have reorganised our AI teams to sharpen focus on both fast product innovation and deep model research, increased our AI-related capital expenditures, and increased our R&D and marketing efforts for our AI-native products. We believe these stepped-up investments will generate ongoing returns via uplifting productivity in our advertising business and longevity of our games, as well as longer term value from accelerated consumer usage of our AI applications and enterprise adoption of our AI services.”

FY2024 Financial Highlights

Revenues: +8% YoY, gross profit: +19% YoY, non-IFRS[1] operating profit: +24% YoY

Total revenues were RMB660.3 billion (USD91.9 billion[2]), up 8% over 2023.Gross profit was RMB349.2 billion (USD48.6 billion), up 19% YoY.On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:Operating profit was RMB237.8 billion (USD33.1 billion), up 24% YoY. Operating margin increased to 36% from 32% last year.Profit for the year was RMB 227.2 billion (USD31.6 billion), up 40% YoY.Profit attributable to equity holders of the Company for the year was RMB222.7 billion (USD31.0 billion), up 41% YoY.Basic earnings per share were RMB24.027. Diluted earnings per share were RMB23.505.On an IFRS basis:Operating profit was RMB208.1 billion (USD28.9 billion), up 30% YoY. Operating margin increased to 32% from 26% last year.Profit for the year was RMB196.5 billion (USD27.3 billion), up 66% YoY.Profit attributable to equity holders of the Company for the year was RMB194.1 billion (USD27.0 billion), up 68% YoY.Basic earnings per share were RMB 20.938. Diluted earnings per share were RMB20.486.Capital expenditure was RMB76.8 billion (USD10.7 billion), up 221% YoY.Total cash was RMB415.4 billion (USD57.8 billion) and free cash flow was RMB155.3 billion (USD21.6 billion), down 7% YoY. Net cash position totalled RMB76.8 billion (USD10.7 billion).Fair value of our shareholdings[3] in listed investee companies (excluding subsidiaries) totalled RMB569.8 billion (USD79.3 billion) and the carrying book value of our shareholdings in unlisted investee companies (excluding subsidiaries) was RMB335.6 billion (USD46.7 billion).During 2024, the Company repurchased approximately 307 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD112.0 billion.

[1] Non-IFRS adjustments excludes share-based compensation, M&A related impact such as net (gains)/losses from investee companies, amortisation of intangible assets, impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Figures stated in USD are based on USD1 to RMB7.1884

[3] Including those held via special purpose vehicles, on an attributable basis

FY2024 Business Review and Outlook

Weixin strengthened its user engagement and transaction capabilities through the launch of Mini Shops, our platform for indexed and standardised merchandise.Video Accounts’ total user time spent grew rapidly year-on-year, benefitting from enhanced recommendation algorithms and more local content.Query volume rapidly increased in Weixin Search, benefitting from integrating AI capabilities which enhance the relevance and quality of search results.Tencent Video maintained its leading position in China’s long-form video market with 113 million[4] video subscribers. Tencent Music extended its industry leadership in China’s music streaming market with 121 million[5] music subscribers.We expanded our evergreen games portfolio[6] from 12 games in 2023 to 14 in 2024, while nurturing new games with evergreen potential.We upgraded our advertising technology platform by optimising advertisement ranking systems and adding LLM capabilities, driving higher click-through rates and advertiser spending.For FinTech services, we upgraded our risk controls and optimised payment funding costs.We rapidly iterated our HunYuan Foundation Model, deployed AI for internal use cases, and prepared for breakout growth in consumer adoption of AI, via the Yuanbao and Weixin applications.We delivered substantial shareholder returns in 2024 through payment of a cash dividend of HKD3.40 per share (equivalent to approximately HKD32 billion) and through share repurchase of approximately HKD112 billion.

As the capabilities and benefits of AI become clearer, we have stepped up our AI investments to meet our internal business needs, train foundation models and support surging demand for inference we are experiencing from our users. We intend to further increase our capital expenditures in 2025 and believe these AI investments will generate good economic returns and value. We also have the capacity and intention to continue returning capital to shareholders. For 2025, we propose to increase our annual dividend by 32%, to HKD4.50 per share[7] (equivalent to approximately HKD41 billion), and we intend to repurchase at least HKD80 billion worth of our shares.

[4] The average daily number of subscriptions for the fourth quarter of 2024

[5] The average number of subscriptions as of the last day of each month during the fourth quarter of 2024

[6] Evergreen games portfolio includes domestic and international games. Evergreen games refer to games surpassing average quarterly DAU of 5 million for mobile or 2 million for PC, and generating over RMB4 billion annual gross receipts

[7] For the year ended 31 December 2024; subject to shareholders’ approval at the 2025 AGM

FY2024 Sustainability Initiatives 

Our digital philanthropy initiative connected with over 280 million users, over 2,200 charitable organisations, and over 20,000 enterprises, via Tencent Charity Platform, and upgraded Giving for Good campaign.Through our XPLORER PRIZE and New Cornerstone Investigator Program, we have provided funding to over 360 outstanding scientists, contributing to societal and economic development.We leveraged AI, game technology and Mini Programs to create an immersive digital experience of the Beijing Central Axis, assisting this historic landmark’s inclusion into the UNESCO World Heritage List.We enhanced our data centres’ energy efficiency and increased their adoption of renewable energy, progressing towards our goal of carbon neutrality.

4Q2024 Financial Highlights

Revenues: +11% YoY; gross profit: +17% YoY; non-IFRS operating profit: +21% YoY

Total revenues were RMB172.4 billion (USD24.0 billion), up 11% over the fourth quarter of 2023 (“YoY”).Gross profit was RMB90.7 billion (USD12.6 billion), up 17% YoY.On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:Operating profit was RMB59.5 billion (USD8.3 billion), up 21% YoY. Operating margin increased to 34% from 32% last year.Profit for the period was RMB56.5 billion (USD7.9 billion), up 29% YoY.Profit attributable to equity holders of the Company for the quarter was RMB55.3 billion (USD7.7 billion), up 30% YoY.Basic earnings per share were RMB 6.032. Diluted earnings per share were RMB5.909.On an IFRS basis:Operating profit was RMB51.5 billion (USD7.2 billion), up 24% YoY. Operating margin increased to 30% from 27% last year.Profit for the period was RMB51.5 billion (USD7.2 billion), up 85% YoY.Profit attributable to equity holders of the Company for the quarter was RMB51.3 billion (USD7.1 billion), up 90% YoY.Basic earnings per share were RMB5.597. Diluted earnings per share were RMB5.485.Capital expenditure was RMB36.6 billion (USD5.1 billion), up 386% YoY

Operating Metrics

As at

31 December

2024

As at

31 December

2023

Year-

on-year

change

As at

30 September

2024

Quarter-on-
quarter

change

(in millions, unless specified)

Combined MAU of Weixin               

  and WeChat

1,385

1,343

3 %

1,382

0.2 %

Mobile device MAU of QQ                                     

524

554

-5 %

562

-7 %

Fee-based VAS paying

  subscriptions#

262

244

7 %

265

-1 %

# Adjusted to report the average daily number of subscriptions during the quarter, since the first quarter of 2024

4Q24 Management Discussion and Analysis

Revenues from VAS increased by 14% year-on-year to RMB79.0 billion for the fourth quarter of 2024 on. International Games revenues were RMB16.0 billion, reflecting a 15% year-on-year increase (16% increase on a constant currency basis), driven by robust performances from Brawl Stars and PUBG MOBILE, alongside the early access release of Path of Exile 2. Domestic Games revenues increased by 23% year-on-year to RMB33.2 billion, benefitting from: a low base in the prior year’s period; growth in revenue from major games such as Honour of Kings, Peacekeeper Elite and VALORANT; and contributions from recently released games DnF Mobile and Delta Force. Social Networks revenues rose by 6% year-on-year to RMB29.8 billion, primarily due to growth in app-based game virtual item sales, music subscription revenues and Mini Games platform service fees.

Revenues from Marketing Services[8] were RMB35.0 billion for the fourth quarter of 2024, up 17% year-on-year, driven by robust advertiser demand for Video Accounts, Mini Programs and Weixin Search inventories. Advertising spending rose across most major categories during the quarter.

Revenues from FinTech and Business Services increased by 3% year-on-year to RMB56.1 billion for the fourth quarter of 2024. FinTech Services revenue growth reflected higher revenues from wealth management services and consumer loan services, while commercial payment services revenue was broadly stable year-on-year. Higher Business Services revenues were driven by growth in eCommerce technology service fees and WeCom revenue.

[8] Starting third quarter of 2024, we have renamed this revenue segment from “Online Advertising” to “Marketing Services” to better represent the breadth of our marketing solutions and accompanying technology services across our online marketing properties

For other detailed disclosure, please refer to our website https://www.tencent.com/en-us/investors.htmlhttp://www.tencent.com/ir, or follow us via Weixin Official Account (Weixin ID: TencentGlobal).

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted marketing services helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support partners’ business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Tencent has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004. 

Investor contact: IR@tencent.com
Media contact: GC@tencent.com 

Non-IFRS Financial Measures

To supplement the consolidated results of the Group (“the Company and its subsidiaries”) prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of operating profit, operating margin, profit for the period, profit attributable to equity holders of the Company, basic EPS and diluted EPS) have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Group’s financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.

The Company’s management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group’s core operations by excluding certain non-cash items and certain impact of investment-related transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Group’s major associates based on available published financials of the relevant major associates, or estimates made by the Company’s management based on available information, certain expectations, assumptions and premises.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Group. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

CONDENSED CONSOLIDATED INCOME STATEMENT

RMB in millions, unless specified

Unaudited

Audited

4Q2024

 

4Q2023

 

2024

 

2023

 

Revenues

172,446

155,196

660,257

609,015

VAS

79,022

69,079

319,168

298,375

Marketing Services

35,004

29,794

121,374

101,482

FinTech and Business Services

56,125

54,379

211,956

203,763

Others

2,295

1,944

7,759

5,395

Cost of revenues

(81,793)

(77,632)

(311,011)

(315,906)

Gross profit

90,653

77,564

349,246

293,109

Gross margin

53 %

50 %

53 %

48 %

Selling and marketing expenses

(10,285)

(10,971)

(36,388)

(34,211)

General and administrative expenses

(31,403)

(27,175)

(112,761)

(103,525)

Other gains/(losses), net

2,513

1,983

8,002

4,701

Operating profit

51,478

41,401

208,099

160,074

  Operating margin

30 %

27 %

32 %

26 %

Net gains/(losses) from investments
  and others

1,119

(6,730)

4,187

(6,090)

Interest income

3,910

3,917

16,004

13,808

Finance costs

(2,512)

(3,543)

(11,981)

(12,268)

Share of profit/(loss) of associates and
  joint ventures, net

9,253

2,463

25,176

5,800

Profit before income tax

63,248

37,508

241,485

161,324

Income tax expense

(11,781)

(9,658)

(45,018)

(43,276)

Profit for the period

51,467

27,850

196,467

118,048

Attributable to:

    Equity holders of the Company

51,324

27,025

194,073

115,216

    Non-controlling interests

143

825

2,394

2,832

Non-IFRS operating profit

59,475

49,135

237,811

191,886

Non-IFRS profit attributable to equity
  holders of the Company

55,312

42,681

222,703

157,688

Earnings per share for profit
  attributable to equity holders of
  the Company
  (in RMB per share)

– basic

5.597

2.873

20.938

12.186

– diluted

5.485

2.807

20.486

11.887

 

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

RMB in millions, unless specified

Audited

2024

2023

Profit for the year

196,467

118,048

Other comprehensive income, net of tax:

Items that may be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

(492)

(176)

Transfer of share of other comprehensive income to profit or loss upon disposal
  and deemed disposal of associates and joint ventures

(13)

(9)

Transfer to profit or loss upon disposal of financial assets at fair value through
  other comprehensive income

1

–

Net gains from changes in fair value of financial assets at fair value through other
  comprehensive income

23

59

Currency translation differences

(2,746)

13,328

Net movement in reserves for hedges

(2,618)

(3,581)

Items that will not be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

(711)

(561)

Loss from changes in fair value of assets held for distribution

–

(29,991)

Net gains from changes in fair value of financial assets at fair value through
  other comprehensive income

94,249

11,142

Currency translation differences

111

(1,077)

Net movement in reserves for hedges

71

–

87,875

(10,866)

Total comprehensive income for the year

284,342

107,182

Attributable to:

    Equity holders of the Company

279,009

102,130

    Non-controlling interests

5,333

5,052

 

 

OTHER FINANCIAL INFORMATION

RMB in millions, unless specified

Unaudited

Audited

4Q2024

4Q2023

3Q2024

2024

2023

EBITDA (a)

63,917

53,983

64,397

256,310

214,381

Adjusted EBITDA (a)

69,579

59,494

69,656

277,012

235,454

Adjusted EBITDA margin (b)

40 %

38 %

42 %

42 %

39 %

Interest and related expenses

3,340

3,015

3,145

12,447

11,885

Net cash/(debt)(c)

76,798

54,740

95,462

76,798

54,740

Capital expenditures (d)

36,578

7,524

17,094

76,760

23,893

Note:

(a)    EBITDA is calculated as operating profit minus other gains/(losses), net, and adding back depreciation of property, plant and equipment,
investment properties as well as right-of-use assets, and amortisation of intangible assets and land use rights. Adjusted EBITDA is calculated as
EBITDA plus equity-settled share-based compensation expenses.

(b)    Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.

(c)    Net cash/(debt) represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, including highly
liquid investment products held for treasury purpose, minus borrowings and notes payable.

(d)    Capital expenditures primarily consist of investments in computer equipment and components, and other property, plant and equipment,
construction in progress, investment properties, land use rights, as well as certain intangible assets.

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 

RMB in millions, unless specified

Audited

Audited

As at

31 December, 2024

As at

31 December, 2023

ASSETS

Non-current assets

  Property, plant and equipment

80,185

53,232

  Land use rights

23,117

17,179

  Right-of-use assets

17,679

20,464

  Construction in progress

12,302

13,583

  Investment properties

801

570

  Intangible assets

196,127

177,727

  Investments in associates

290,343

253,696

  Investments in joint ventures

7,072

7,969

  Financial assets at fair value through profit or loss

204,999

211,145

  Financial assets at fair value through other

   comprehensive income

302,360

213,951

  Prepayments, deposits and other assets

42,828

28,439

  Other financial assets

1,076

2,527

  Deferred income tax assets

28,325

29,017

  Term deposits

77,601

29,301

1,284,815

1,058,800

Current assets

  Inventories

440

456

  Accounts receivable

48,203

46,606

  Prepayments, deposits and other assets

101,044

88,411

  Other financial assets

4,750

5,949

  Financial assets at fair value through profit or loss

9,568

14,903

  Financial assets at fair value through other

   comprehensive income

3,345

–

  Term deposits

192,977

185,983

  Restricted cash

3,334

3,818

  Cash and cash equivalents

 

132,519

172,320

496,180

518,446

Total assets

1,780,995

1,577,246

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

RMB in millions, unless specified

Audited

Audited

As at

31 December, 2024

As at

31 December, 2023

EQUITY

Equity attributable to equity holders of the Company

  Share capital

–

–

  Share premium

43,079

37,989

  Treasury shares

(3,597)

(4,740)

  Shares held for share award schemes

(5,093)

(5,350)

  Other reserves

47,129

(33,219)

  Retained earnings

892,030

813,911

973,548

808,591

Non-controlling interests

80,348

65,090

Total equity

1,053,896

873,681

LIABILITIES

Non-current liabilities

  Borrowings

146,521

155,819

  Notes payable

130,586

137,101

  Long-term payables

10,201

12,169

  Other financial liabilities

4,203

8,781

  Deferred income tax liabilities

18,546

17,635

  Lease liabilities

13,897

16,468

  Deferred revenue

6,236

3,435

330,190

351,408

Current liabilities

  Accounts payable

118,712

100,948

  Other payables and accruals

84,032

76,595

  Borrowings

52,885

41,537

  Notes payable

8,623

14,161

  Current income tax liabilities

16,586

17,664

  Other tax liabilities

4,038

4,372

  Other financial liabilities

6,336

4,558

  Lease liabilities

5,600

6,154

  Deferred revenue

100,097

86,168

396,909

352,157

Total liabilities

727,099

703,565

Total equity and liabilities

1,780,995

1,577,246

 

 

RECONCILIATIONS OF THE GROUP’S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation
(a)

Net
(gains)/losses
from investee
companies (b)

Amortisation of

intangible assets (c)

Impairment

provisions/
(reversals) (d)

SSV & CPP
(e)

Others
(f)

Income

tax effects (g)

Unaudited three months ended 31 December 2024

Operating profit

51,478

6,140

–

1,416

–

441

–

–

59,475

Share of profit/(loss) of associates
  and joint ventures, net

9,253

1,003

(3,799)

1,176

116

–

–

–

7,749

Profit for the period

51,467

7,143

(6,888)

2,592

1,760

1,109

–

(706)

56,477

Profit attributable to

 equity holders

51,324

7,034

(6,931)

2,396

1,037

1,109

–

(657)

55,312

Operating margin

30 %

34 %

Unaudited three months ended 31 December 2023

Operating profit

41,401

5,732

–

1,564

–

437

1

–

49,135

Share of profit/(loss) of associates and
  joint ventures, net

2,463

914

(416)

1,396

159

–

–

–

4,516

Profit for the period

27,850

6,646

(94)

2,960

5,705

1,594

1

(829)

43,833

Profit attributable to

 equity holders

27,025

6,512

(55)

2,719

5,650

1,594

1

(765)

42,681

Operating margin

27 %

32 %

Unaudited three months ended 30 September 2024

Operating profit

53,333

6,377

–

1,324

–

240

–

–

61,274

Share of profit/(loss) of associates and
  joint ventures, net

6,019

985

60

1,433

12

–

–

–

8,509

Profit for the period

53,983

7,362

(6,610)

2,757

3,788

304

–

(653)

60, 931

Profit attributable to

 equity holders

53,230

7,180

(6,664)

2,591

3,766

304

–

(594)

59,813

Operating margin 

32 %

37 %

Note:

(a)   Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b)   Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c)   Amortisation of intangible assets resulting from acquisitions

(d)   Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e)   Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives 

(f)    Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g)   Income tax effects of non-IFRS adjustments

 

 

RECONCILIATIONS OF THE GROUP’S IFRS TO NON-IFRS MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS 

As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation
(a)

Net
(gains)/losses
from investee
companies (b)

Amortisation of

intangible assets
(c)

Impairment

provisions/
(reversals) (d)

SSV &
CPP (e)

Others (f)

Income

tax effects
(g)

Year ended 31 December, 2024

Operating profit

208,099

23,424

–

5,294

–

991

3

–

237,811

Share of profit/(loss)

 of associates and

 joint ventures, net

25,176

4,423

(4,289)

5,478

847

–

–

–

31,635

Profit for the year

196,467

27,847

(18,646)

10,772

10,636

2,570

3

(2,455)

227,194

Profit attributable to

 equity holders

194,073

27,230

(18,770)

9,994

9,836

2,570

3

(2,233)

222,703

Operating margin

32 %

36 %

Year ended 31 December, 2023

Operating profit

160,074

22,782

–

5,019

–

998

3,013

–

191,886

Share of profit/(loss)

 of associates and

 joint ventures, net

5,800

4,984

(4,925)

5,250

1,933

–

(1)

–

13,041

Profit for the year

118,048

27,766

(6,170)

10,269

8,123

3,790

3,012

(3,104)

161,734

Profit attributable to

 equity holders

115,216

27,100

(6,024)

9,462

8,004

3,790

3,012

(2,872)

157,688

Operating margin

26 %

32 %

Note:

(a)   Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b)   Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c)   Amortisation of intangible assets arising from acquisitions

(d)   Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e)   Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives 

(f)    Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g)   Income tax effects of non-IFRS adjustments

 

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SOURCE Tencent

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How Can Humanity Become Friends with the Ocean?

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BEIJING, Nov. 6, 2026 /PRNewswire/ — A news report from China.org.cn on China’s efforts in marine ecological governance:

“Look, white dolphins!” Such excited cries can often be heard along the coast of Xiamen, a city in east China’s Fujian Province.

The Indo-Pacific humpback dolphin, commonly known as the Chinese white dolphin, is considered Class I nationally protected wildlife in China. As apex predators in coastal waters, these dolphins are regarded as a barometer of marine ecosystem health. Back in the 1990s, however, rising shipping activity, coastal reclamation and near‑shore development severely encroached on their habitats.

To minimize disturbances to dolphin habitats, Xiamen established China’s first provincial‑level nature reserve dedicated to Chinese white dolphins in 1997. Since then, the city has continuously refined its coastal governance approaches, restricted activities with significant environmental impacts, and promoted cross‑regional collaboration in conservation. Many other ocean‑friendly initiatives have also been rolled out. These include restoring mangrove wetland ecosystems; implementing an “offshore sanitation” mechanism and organizing public beach‑clean‑up campaigns to regularly remove floating marine debris; and releasing nearly 8 billion aquatic animals across 18 species through stock enhancement programs. As a result, populations of several fish species, such as the wild large yellow croaker and yellowfin seabream, have returned to Xiamen Bay.

Recently, “AI bodyguards” have joined the conservation effort. High‑definition cameras, drones and intelligent recognition systems track dolphin activity round‑the‑clock. Automatic alerts are issued whenever vessels approach the dolphins in violation of regulations. Researchers have also created individual digital profiles for each dolphin, identifying them by their dorsal‑fin shapes and body spot patterns, while recording their movement trajectories.

Xiamen is a microcosm of China’s efforts in marine ecological governance — forging ahead boldly yet never walking alone.

Over the decades, China has taken a series of concrete steps: from founding its first marine nature reserve in 1963, to proposing the goal of “building a strong maritime nation,” and publishing the white paper “Marine Eco‑Environmental Protection in China”; from drawing marine ecological protection red lines, to actively engaging with the UN Decade of Ocean Science for Sustainable Development and signing major international agreements on marine conservation, including the UN Agreement on Biodiversity Beyond National Jurisdiction (UN BBNJ).

For decades, China has been answering a vital question through concrete action: how can humanity coexist harmoniously with the ocean and create mutual benefits?

The answer is becoming increasingly clearer. Today, China’s extensive coastline features clean waters and pristine beaches, with fish swimming freely and seabirds soaring overhead. Not long ago, China’s Blue Bay Restoration Initiative was named a UN World Restoration Flagship. Now, the 21st Xiamen World Ocean Week is officially inaugurated, bringing together experts, scholars and representatives from various countries and international organizations to discuss marine conservation and harmonious coexistence between humanity and the ocean. In marine ecological protection and governance, China is not only a proactive participant and practitioner, but also a contributor to sharing experience and shaping future approaches.

Along Xiamen’s shoreline, the sea breeze blows gently as children run after the waves, echoing the ongoing story of humanity and the ocean.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

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SOURCE China.org.cn

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OneStream Surpasses 600 EMEA Customers and Triples AI Adoption

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OneStream triples AI customer base and deepens investment across EMEA as Founder and CEO Tom Shea presents governed Finance AI framework at Web Summit

LISBON, Portugal, Nov. 6, 2026 /PRNewswire/ — OneStream, the AI operating system for modern Finance that unifies core financial and operational processes, embedding the governance, context, and control required to make AI work for Finance, today announced it has surpassed 600 customers in EMEA and more than tripled its Finance AI customers in the region since the end of 2025. The news comes as Founder and CEO Tom Shea takes the stage at Europe’s biggest tech event, Web Summit 2026, to detail a framework for auditable, contextualized AI for Finance.

“CFOs across Europe are realizing the real advantage of AI isn’t the smartest model – it’s AI operating within a strict framework of financial governance,” said Tom Shea, Founder and CEO at OneStream. “AI is the reasoning engine, but enterprise software must be the trust engine. Our acceleration in EMEA proves leaders want a financial control tower that delivers answers they can act on without operational risk. We will continue investing heavily in the local teams and partners helping them build this secure foundation.”

Accelerating EMEA Momentum
Over the past 12 months, OneStream helped more than 100 new EMEA customers modernize their tech stack and passed 600 customers in the region, with customers in more than 35 markets. Customers span industries including manufacturing, retail, banking and financial services, pharmaceuticals, and oil and gas. Notable EMEA customers include Grupo ACS, Delivery Hero, and Swatch.

Customers across the region are using OneStream to modernize core Finance processes, replacing fragmented legacy systems with a unified platform for financial close, consolidation, reporting, and planning. This unified foundation helps teams keep pace with complex regulatory requirements across EMEA, while providing the governed data necessary to leverage AI for accelerated insights and real business value.

OneStream’s Finance AI adoption is growing alongside its broader platform growth. The number of EMEA customers using OneStream’s Finance AI has more than tripled since the end of 2025.

To support this sustained regional acceleration, OneStream continues to scale its operations and partner ecosystem, building on its established regional presence across London, Manchester, Paris, Amsterdam, and Madrid.

“Finance leaders across EMEA are modernizing their core Finance platforms to keep pace with complex regulation and move faster,” said Matt Rodgers, EVP, EMEA at OneStream. “That modernization is what enables them to take AI from pilots to enterprise-wide deployment, because it gives them a data foundation they can actually trust. Our momentum in the region underscores a fundamental shift toward governed, unified enterprise platforms that deliver real business value.”

Building Trust in AI Agents

Shea will appear in a featured fireside chat titled “Why AI and SaaS Need Each Other” on Thursday, Nov. 12, at 1:25 PM on Stage 7. Moderated by Hope King, Founder of Macro Talk, and featuring Luminance CEO Eleanor Lightbody, the session will examine the evolving role of enterprise software as AI agents take on increasingly complex workflows. Shea will detail how governed data, strict access controls, and transparent audit trails determine how safely organizations can let autonomous agents act on their own.

To learn more about Shea’s session at Web Summit, click here.

About OneStream

OneStream is the AI operating system for modern Finance that unifies core financial close, planning, and operational processes and data, in one intelligent platform, all embedded with the governance, context, and control required to make AI work for Finance.

With over 1,900 customers, including 16% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and 1,600 employees, we empower the Office of the CFO to become a critical driver of business strategy and execution. To learn more, visit onestream.com.

Media Contact

Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com

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SOURCE OneStream, Inc.

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Insilico Open-Sources 24/7 Personal Longevity Superintelligence to Turn Quantified-Self Data into Predictive Health States and Aging Research

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CAMBRIDGE, Mass., Nov. 6, 2026 /PRNewswire/ — Insilico Medicine, a clinical-stage generative AI drug discovery company, today announced the open-source release of Longevity Grok, the Personal Longevity Superintelligence (PLSI) and launched the website longevitygrok.si, in collaboration with leading geroscience researcher David Sinclair from Harvard Medical School. Developed for the Grok Bot platform, PLSI is an open-source, multi-agent AI system designed to unify fragmented personal health records, track biological analysis, formulate personalized lifestyle interventions, predict and score post-intervention biomarker changes, as well as drive communal AI-powered geroscience research.

For decades, health management and longevity medicine have been hampered by severe data fragmentation. Laboratory blood panels, continuous glucose monitoring, wearable streams, epigenetic assays, and clinical records sit across disconnected portals, leaving patients unable to follow their biological trajectory and clinicians working from incomplete histories. Modern healthcare turns to LLMs to close that gap, however, without persistent, auditable memory or follow-up on if advice actually improves outcomes, they rarely outperform traditional methods.

Personal Longevity Superintelligence (PLSI) addresses this gap with a continuous, 24/7 automated research loop. It converts fragmented medical data into a standardized longitudinal health trajectory and generates accountable, predictive guidance through a multi-agent architecture. The system continuously forecasts health risks, proposes interventions, and scores outcomes through closed-loop feedback.

Running within Grok Bot’s secure environment, it coordinates a team of up to 30 specialized AI agents, standardizes heterogeneous records with clinical coding systems such as LOINC, RxNorm, and UCUM, and uses always-on routines to monitor longevity science updates, organize incoming data, and keep the personal health state current without constant re-prompting. The same system is framed for three complementary roles:

As a personal longevity assistant, PLSI turns scattered labs, wearables, epigenetic assays, and clinical files into a unified, audit-ready health trajectory on the user’s device. It proposes lifestyle, nutritional, or longevity interventions with an auditable “prediction card” (target biomarker, confidence interval, time horizon, and evidence grade), evaluates each plan through an agent-driven adversarial review. When follow-up results arrive, PLSI scores whether outcomes fall within the predicted interval, confirms direction, and tracks calibration over time, turning each choice into a checkable N-of-1 experiment. Users can also voluntarily allocate unused daily token quota to Idle Research in the background to find new ways to increase their lifespan.

As a physician’s assistant, PLSI supplies structured longitudinal context instead of fragmented PDFs and portal exports. Standardized representations and a coherent biological trajectory help clinicians better organize their workflow Prediction cards and evidence grades aid in decision-making, while closed-loop scoring after follow-up supports auditable discussion of response and adherence. PLSI also features safeguards that overrule AI discretion to keep  formal diagnosis and prescriptions solely with licensed physicians.

As a partner for aging research, PLSI extends individual tracking into communal discovery. Users may opt in to contribute consented, deidentified trajectories to Longevity Mothership via an anonymous relay with an irrevocable kill switch to purge records on demand. Idle Research is a modern take on volunteer computing platforms , such as Folding@home, which let autonomous researcher agents scan literature, formulate hypotheses, and design analyses based on  public databases to accelerate target discovery and other anti-aging discovery activities.

Across all three roles, privacy is the default: a zero-trust architecture keeps raw medical files and identifiable clinical records in the user’s environment , unless the user explicitly opts into communal research. Both the PLSI Client and the Longevity Mothership backends are fully open-source and freely available on GitHub for review and contribution. Both setups feature data controller agents, which scrub the data at egress and intake points to prevent entry re-identification.

PLSI is available to all Grok Bot users and can be installed by instructing your bot with the following one-liner:

Set yourself up using https://github.com/Insilico-org/plsi 

The agentic skills and code are provided as an open-source package which can be inspected and modified by all, according to their needs.

“Longevity Grok turns Grok Bot into an open platform where individuals, physicians, and scientists can use AI to better understand their health, predict the effects of interventions, and find ways to live longer, healthier lives,” said David A. Sinclair, Ph.D., Professor of Genetics and Co-Director of the Paul F. Glenn Center for Biology of Aging Research at Harvard Medical School. “What makes this exciting is that people can contribute to scientific discovery while improving their own health, helping us understand why we age and how we might slow or even reverse it.”

“Currently, there are zero tools that are clinically proven to give a healthy person an additional year of life if they are already dieting, exercising, sleeping, and getting regular diagnostics,” said Alex Zhavoronkov, Ph.D., founder and CEO of Insilico Medicine. “Longevity Grok is a distributed system designed around a personal research space where you can work with your own data to optimize your health, longevity, and peak-span trajectories. As this system diffuses into the community, we expect to achieve longevity superintelligence, enabling a vast network of individuals to conduct autonomous research on their own biology while utilizing shared computation resources to pursue advanced longevity experiments. Aging is the only inescapable constraint on human freedom, and pushing this frontier is about giving people the optionality to remain young, healthy, and productive for as long as possible.”

Longevity has been central to Insilico’s mission since its inception. The company’s path drew industry attention in 2015 at the NVIDIA GTC conference, where Alex Zhavoronkov, Ph.D., founder and CEO of Insilico, challenged the tech world with a provocative question: “Can NVIDIA cure aging?” In 2014, Insilico established the annual Aging Research and Drug Discovery (ARDD) meeting, now widely regarded as a leading academic gathering for geroscience and biogerontology. The 13th ARDD, held at Harvard University in 2026, brought together leading academic investigators, pharmaceutical executives, and clinical pioneers to translate longevity discoveries into actionable medicine.

In 2026, Insilico accelerated the translation of AI-driven longevity research from experimental theory to transformative biological interventions. In April, the company announced the industry’s first longevity board of high-profile scientists, chaired by Andrew Adams, Ph.D., Group Vice President of Molecular Discovery at Eli Lilly and Company, to advance AI-driven aging research for drug discovery. In September, Insilico open-sourced an AI longevity toolkit, including LongevityBench, Longevity-LLMs, and LongevityClaw, with collaborators in a Cell cover study, accelerating research and therapeutic development. That publication follows Insilico’s contemporaneous Nature Biotechnology paper, in which Rentosertib, the company’s most advanced AI-driven pipeline candidate, showed biological age reversal according to Phase IIa clinical data across six independent proteomic aging clocks.

Since 2014, Insilico has published more than 50 research papers on aging and longevity, aging biomarkers, therapeutic targets, and therapeutics implicated in aging, longevity, and disease.

About Insilico Medicine

Insilico Medicine is a pioneering global biotechnology company dedicated to integrating artificial intelligence and automation technologies to accelerate drug discovery, drive innovation in the life sciences, and extend healthy longevity to people on the planet. The company was listed on the Main Board of the Hong Kong Stock Exchange on December 30, 2025, under the stock code 03696.HK.

By integrating AI and automation technologies and deep in-house drug discovery capabilities, Insilico is delivering innovative drug solutions for unmet needs including fibrosis, oncology, immunology, pain, and obesity and metabolic disorders. Additionally, Insilico extends the reach of Pharma. AI across diverse industries, such as advanced materials, agriculture, nutritional products and veterinary medicine.

For more information, please visit www.insilico.com

View original content:https://www.prnewswire.com/news-releases/insilico-open-sources-247-personal-longevity-superintelligence-to-turn-quantified-self-data-into-predictive-health-states-and-aging-research-302931941.html

SOURCE Insilico Medicine

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