TENCENT-R 80700·

Gross margin ------------------------------------------------------------44.52%--43.62%0.90%48.56%4.94%53.52%4.97%56.82%3.30% Net margin ------------------------------------------------------------41.24%--34.48%6.76%19.56%14.92%30.11%10.55%30.90%0.79% ROE ------------------------------------------------------------27.88%--26.09%1.79%14.25%11.85%19.93%5.69%19.48%0.45% ROA ------------------------------------------------------------14.13%--11.96%2.17%7.48%4.47%11.03%3.55%11.27%0.24% Revenue growth -----------------------------------------------------------------0.92%--10.28%11.20%8.10%2.18%13.98%5.88% Attributable profit growth -----------------------------------------------------------------16.27%---38.79%22.52%68.44%107.24%15.85%52.59% Debt-to-assets ------------------------------------------------------------45.63%--50.39%4.77%44.61%5.79%40.83%3.78%39.13%1.69% Current ratio ------------------------------------------------------------1.20--1.300.101.470.171.250.221.440.19 Operating cash flow / net profit ------------------------------------------------------------0.77--0.770.011.881.111.320.561.320.00 Operating cash flow / revenue ------------------------------------------------------------31.71%--26.69%5.02%36.77%10.08%39.62%2.85%40.75%1.13%

Gross margin 56.38%--57.25%0.87% Net margin 29.02%--29.25%0.24% Revenue growth ----10.07%-- Attributable profit growth ----10.31%-- Debt-to-assets ----43.39%-- Current ratio ----1.29-- Operating cash flow / net profit 1.43--1.310.12 Operating cash flow / revenue 41.50%--38.40%3.10%

Revenue ------------------------------------------------------------552.43B--547.36B0.92%603.62B10.28%652.50B8.10%743.69B13.98% Gross profit ------------------------------------------------------------245.94B--238.75B2.93%293.11B22.77%349.25B19.15%422.59B21.00% Selling and distribution expenses ------------------------------------------------------------40.59B--29.23B28.00%34.21B17.04%36.39B6.36%41.73B14.67% Administrative expenses ------------------------------------------------------------89.85B--106.70B18.75%103.53B2.97%112.76B8.92%136.13B20.72% Net finance costs ------------------------------------------------------------7.11B--9.35B31.46%12.27B31.18%11.98B2.34%15.13B26.28% Income tax ------------------------------------------------------------20.25B--21.52B6.24%43.28B101.13%45.02B4.03%47.45B5.40% Operating profit ------------------------------------------------------------264.97B--110.83B58.17%160.07B44.44%208.10B30.00%241.56B16.08% Share of associates and JVs -------------------------------------------------------------16.44B---16.13B1.92%5.80B135.96%25.18B334.07%23.74B5.70% Profit before tax ------------------------------------------------------------248.06B--210.22B15.25%161.32B23.26%241.49B49.69%277.25B14.81% Net profit ------------------------------------------------------------227.81B--188.71B17.16%118.05B37.44%196.47B66.43%229.80B16.97% Net profit attributable to owners ------------------------------------------------------------224.82B--188.24B16.27%115.22B38.79%194.07B68.44%224.84B15.85%

Revenue 364.53B--401.24B10.07% Other income and gains -4.97B--773.00M115.54% Cost of sales 159.02B--171.54B7.88% Gross profit 205.51B--229.70B11.77% Selling and distribution expenses 17.28B--23.21B34.36% Administrative expenses 65.58B--72.61B10.71% Net finance costs 7.80B--5.96B23.63% Income tax 25.07B--26.29B4.87% Operating profit 117.67B--134.65B14.43% Share of associates and JVs 9.05B---6.37B170.39% Profit before tax 130.84B--143.66B9.80% Net profit 105.77B--117.37B10.97% Net profit attributable to owners 103.45B--114.11B10.31%

Cash and cash equivalents ------------------------------------------------------------167.97B--156.74B6.68%172.32B9.94%132.52B23.10%141.04B6.43% Trade and bills receivables ------------------------------------------------------------49.33B--45.47B7.83%46.61B2.51%48.20B3.43%49.93B3.58% Inventories ------------------------------------------------------------1.06B--2.33B119.47%456.00M80.45%440.00M3.51%530.00M20.45% Total current assets ------------------------------------------------------------484.81B--565.99B16.74%518.45B8.40%496.18B4.29%595.46B20.01% Total assets ------------------------------------------------------------1.61T--1.58T2.12%1.58T0.06%1.78T12.92%2.04T14.49% Total current liabilities ------------------------------------------------------------403.10B--434.20B7.72%352.16B18.90%396.91B12.71%412.75B3.99% Total liabilities ------------------------------------------------------------735.67B--795.27B8.10%703.57B11.53%727.10B3.34%797.92B9.74% Equity attributable to owners ------------------------------------------------------------806.30B--721.39B10.53%808.59B12.09%973.55B20.40%1.15T18.55% Total equity ------------------------------------------------------------876.69B--782.86B10.70%873.68B11.60%1.05T20.63%1.24T17.76%

Cash and cash equivalents ----206.93B-- Trade and bills receivables ----55.61B-- Inventories ----685.00M-- Total current assets ----663.42B-- Total assets ----2.16T-- Total current liabilities ----515.48B-- Total liabilities ----936.88B-- Equity attributable to owners ----1.14T-- Total equity ----1.22T--

Net cash from operating activities ------------------------------------------------------------175.19B--146.09B16.61%221.96B51.93%258.52B16.47%303.05B17.23% Net cash from investing activities -------------------------------------------------------------178.55B---104.87B41.26%-125.16B19.35%-122.19B2.38%-205.73B68.37% Net cash from financing activities ------------------------------------------------------------21.62B---59.95B377.30%-82.57B37.73%-176.49B113.74%-87.16B50.62% Net change in cash ------------------------------------------------------------18.26B---18.73B202.61%14.23B175.95%-40.16B382.26%10.16B125.31%

Net cash from operating activities 151.26B--154.06B1.85% Net cash from investing activities -72.41B---74.72B3.20% Net cash from financing activities -30.11B---9.47B68.55% Net change in cash 48.75B--69.87B43.33%