8月13日，腾讯控股公布Q2财报。腾讯控股第二季度收入同比增长15%至1845亿元，超出市场预估的 1789.4亿元；净利润556.3亿元，同比增长17%。毛利率从去年同期53%提升至57%，显示盈利能力持续 改善。现金净额746亿元，较Q1下降156亿元，主要因支付股息。 当季腾讯研发投入达202.5亿元，同比增长17%；资本开支更是大幅增长至191亿元，同比增幅达119%， 远超去年同期的87亿元。 截至2025年6月30日止6个月内，公司于联交所以总代价约365亿港元 （未计开支）购回合共81,867,000 股股份。购回的股份其后已被注销。 出品：21财经客户端 南财快讯工作室 2025年6月30日，集团有111,221名雇员。集团聘用的雇员数目视乎需要而不时有所变更，而雇员酬金亦 根据业内惯例厘定。集团上半年总酬金成本为人民币650亿元。据腾讯控股此前披露，于2025年3月31 日，集团有109,414名雇员，一季度总酬金成本为人民币341亿元。 二季度本土市场游戏收入为人民币404亿元，同比增长17%，得益于近期发布的《三角洲行动》的收入 贡献，以及《王者荣耀》《无畏契约》与《和平精英》等长青游戏 ...

Core Insights - Southbound capital recorded a total transaction of 153.78 billion HKD on August 13, with a net outflow of approximately 8.28 billion HKD [1] - The Shanghai-Hong Kong Stock Connect experienced a net outflow of about 8.46 billion HKD, while the Shenzhen-Hong Kong Stock Connect saw a net inflow of around 0.18 billion HKD [1] Group 1: Significant Net Purchases - Xinda Biologics (01801.HK) had a net purchase of 709 million HKD and saw a price increase of 8.82% [1] - Li Auto-W (02015.HK) recorded a net purchase of 367 million HKD, with a price increase of 3.30% [1] - FIT HON TENG (06088.HK) experienced a net purchase of 235 million HKD and a price increase of 11.78% [1] - Xiaomi Group-W (01810.HK) had a net purchase of 176 million HKD, with a price increase of 3.00% [2] - Guotai Junan International (01788.HK) saw a net purchase of 56.18 million HKD despite a price drop of 1.47% [3] - Kuaishou-W (01024.HK) had a net purchase of 19.30 million HKD and a price increase of 4.68% [4] Group 2: Significant Net Sales - The Yingfu Fund (02800.HK) faced a net sale of approximately 6850.25 million HKD, with a price increase of 2.35% [5] - The Hang Seng China Enterprises Index (02828.HK) had a net sale of about 2311.16 million HKD, with a price increase of 2.76% [6] - Tencent Holdings (00700.HK) recorded a net sale of approximately 250.29 million HKD, with a price increase of 4.74% [7] - Alibaba Group-W (09988.HK) experienced a net sale of about 242.99 million HKD, with a price increase of 6.09% [8]

Core Insights - Tencent Holdings reported that its game "Delta Action" achieved an average Daily Active Users (DAU) of over 20 million in July, ranking among the top five in the industry for DAU and among the top three in revenue [1] - The DAU growth of approximately 66% from the previous figure of 12 million in April was achieved in just three months [1] - "Delta Action" is Tencent's first globally released multi-platform shooting game, which has gained significant traction in the global market since its public beta in September 2024, thanks to its differentiated gaming experience and effective communication with younger users [1] Performance Metrics - As of July, "Delta Action" consistently ranked at the top of various platforms, including first place on Douyin, top three in domestic internet café popularity, and top three in both free and revenue charts on the App Store [1] - The game has also performed well internationally, ranking in the top four on the global Steam platform for PC, and reaching the number one spot in the iOS free game charts in 169 countries and regions, as well as the Google Play free game charts in 125 countries and regions [1]

Core Insights - The mobile gaming market is experiencing intense competition as the summer season begins, with both established titles and new releases vying for player attention [1] - Tencent's "Delta Action" continues to dominate the download charts, while "Supernatural Action Group" and "Honor of Kings" follow closely [1][11] - New entries in the download rankings include "Douluo Continent: Hunting Soul World," "Paper Marriage 8: Thousand Trees," and "Star Marks Resonance," with the former achieving significant success upon its release [1][3] Download Rankings - "Delta Action" remains at the top of the download charts, followed by "Supernatural Action Group" and "Honor of Kings" [1] - Eight new games entered the download rankings in July, with "Douluo Continent: Hunting Soul World" making a notable impact, reaching the 7th position [1][3] - The game had over 10 million pre-registrations before its launch, showcasing strong IP appeal [1][3] Game Features and Marketing - "Douluo Continent: Hunting Soul World" is the first 3D MMORPG in the Douluo IP series, focusing on a "big world + MMO" gameplay style [3] - The game features seamless exploration, soul beast hunting, and strategic combat, enhancing player immersion [3] - International superstar Jackie Chan was announced as the game's spokesperson, contributing to a unique marketing strategy that includes deep collaboration and social media engagement [3][5] Revenue Rankings - "Honor of Kings" and "Peace Elite" maintain their positions as the top two revenue-generating games, with "Delta Action" entering the top three [14] - "Delta Action" has seen a remarkable revenue increase of over 160% month-on-month, attributed to new content updates and effective operational strategies [14][15] - The game introduced new maps and features in July, including a collaboration with the popular game "Arknights," which significantly boosted player engagement [15] New Entries in Revenue Rankings - Six new games entered the revenue rankings in July, including "Honkai: Star Rail" and "Supernatural Action Group" [17] - "Honkai: Star Rail" achieved a strong debut at position 12, driven by a new version release and a collaboration with "Fate/stay night" [17][19] - The game's innovative character designs and high-quality content updates have successfully attracted player interest and spending [19] Game Categories and Developer Performance - Action and adventure games dominate the download rankings, with 6 entries each, followed by 4 role-playing games [11] - Tencent leads the rankings with 11 entries, while NetEase has 4 [11] - "Star Marks Resonance," a new MMORPG based on the "Blue Protocol" IP, has also made a strong showing in the download rankings, reflecting its unique gameplay and marketing strategies [11][13]

| | | 截至下列日期止三個月 | | | | | --- | --- | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | | 二零二五年 | 二零二四年 | | | 六月三十日 | 六月三十日 | 同比變動 | 六月三十日 | 六月三十日 | | | | 收入 | | 佔收入總額百分比 | | | | | (人民幣百萬元,另有指明者除外) | | | | | 值服務 | 91,368 | 78.822 | 16% | 50% | 49% | | 销服務 | 35,762 | 29.871 | 20% | 19% | 19% | | 融科技及企業服務 | 55,536 | 50.440 | 10% | 30% | 31% | | 140 | 1,838 | 1.984 | -7% | 1% | 1% | | 集團 | 184.504 | 161.117 | 15% | 100% | 100% | 增值服务中，第二季度游戏收入592亿元，包括国际游戏收入188亿元和本土游戏收入404亿元，国际和本土游戏收入分别同比增长35%和17%。社交网络收 入322亿元，同比增长6 ...

Core Insights - Tencent Holdings reported Q2 revenue of 184.5 billion yuan, a year-on-year increase of 15% [1] - Non-IFRS operating profit reached 69.25 billion yuan, reflecting an 18% year-on-year growth [1] Revenue Breakdown - Value-added services revenue grew by 16% year-on-year to 91.37 billion yuan [1] - Gaming segment revenue increased by 22%, with international gaming market revenue rising by 35% to 18.8 billion yuan, marking a record high for four consecutive quarters [1] - Marketing services revenue surged by 20% year-on-year to 35.76 billion yuan, driven by advancements in large model technology and increased activity in the WeChat ecosystem [1] - Financial technology and enterprise services saw a 10% year-on-year revenue growth, totaling 55.54 billion yuan [1] Investment in AI - Tencent significantly increased its investment in AI strategy, with R&D spending rising by 17% year-on-year to 20.25 billion yuan [1] - Capital expenditures surged by 119% year-on-year to 19.11 billion yuan [1]

| 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 腾讯控股 | 25.02亿 | 26.82 乙 | 51.84 乙 | | HK 00700 | | | -1.81 Z | | 阿里巴巴-W | 21.98 乙 | 27.22 乙 | 49.20亿 | | HK 09988 | | | -5.25 亿 | | 盈富基金 | 379.94万 | 46.50 乙 | 46.54亿 | | HK 02800 | | | -46.46 Z | | 中芯国际 | 13.90亿 | 13.11亿 | 27.01亿 | | HK 00981 | | | +7850.05万 | | 小米集团-W | 13.13 乙 | 13.87亿 | 27.00亿 | | HK 01810 | | | -7428.30万 | | 恒牛中国 ... | 1.11亿 | 24.221Z | 25.33亿 | | HK 02828 | | | -23.11 乙 | | 美团-W | 10.59 乙 | 12.13亿 | 22.72亿 | | HK 036 ...

新京报贝壳财经讯8月13日下午，腾讯控股在港交所公告，2025年第二季度收入同比增长15%至人民币 1845亿元，公司权益持有人应占盈利同比增长17%至人民币556亿元。 ...

Core Insights - Tencent reported a revenue of 184.5 billion yuan for Q2 2025, representing a year-on-year growth of 15% [1] - The company's operating profit (Non-IFRS) for the same period was 69.25 billion yuan [1] - The growth in revenue is significantly driven by the acceleration of AI technology translating into performance growth [1] Financial Technology and Enterprise Services - Tencent's financial technology and enterprise services achieved a revenue of 55.5 billion yuan in Q2 2025, reflecting a year-on-year increase of 10% [1] - The revenue growth in financial technology services is primarily attributed to the increase in commercial payment activities and wealth management services [1] - The improvement in consumer trends has led to a recovery in Tencent's commercial payment amounts, contributing to higher revenue growth in financial technology services [1]

Core Viewpoint - In the digital finance era, financial apps have become essential tools for investors, with a focus on finding platforms that provide accurate information and diverse trading capabilities. The article compares five major financial apps: Sina Finance, Eastmoney, Tonghuashun, Tencent Stock, and Xueqiu, highlighting why Sina Finance stands out in overall strength. Information Authority - Sina Finance has established itself as a benchmark for authority with over 20 years of experience, covering over 80% of international financial conferences and providing timely analysis of major events [2] - Eastmoney focuses on localized content with a strong community presence but lacks depth in global event analysis [3] - Tonghuashun excels in data tools but relies heavily on machine-generated content, lacking original insights [4] - Tencent Stock aggregates information from various sources but lacks exclusive reporting, reducing its authority [5] - Xueqiu primarily features user-generated content, which lacks professional endorsement and depth [6] Market Data - Sina Finance offers comprehensive market coverage across over 40 markets with millisecond-level response times, maintaining stability during extreme market conditions [7][8] - Eastmoney shows strong performance in securities brokerage but has slower updates for futures and forex data [9] - Tonghuashun provides free Level-2 data but has slower updates for international market data [10] - Tencent Stock supports real-time data for Hong Kong and US stocks but lacks coverage for derivatives [11] - Xueqiu focuses on stocks but has slower data updates and lacks depth in derivatives [12] Unique Features - Sina Finance integrates smart tools and learning ecosystems, including AI-generated reports and market analysis [13][14] - Eastmoney emphasizes fund selection tools and community engagement through its stock forum [15] - Tonghuashun's strengths lie in quantitative tools and efficient trading execution [16][17] - Tencent Stock leverages the WeChat ecosystem for notifications and strategy assistance [18] - Xueqiu focuses on community interaction and AI tools for investment suggestions [19] User Experience - Sina Finance features a user-friendly interface with seamless multi-device synchronization and high stability during peak trading times [20][21] - Eastmoney's interface is designed for fund sales, which may complicate the user experience [22] - Tonghuashun's interface is complex due to its rich features, requiring users to invest time to learn [23][24] - Tencent Stock offers a simplified interface aligned with WeChat, making it easy for users to navigate [25] - Xueqiu's interface is community-driven but may distract users with frequent notifications [26][27] Conclusion - Sina Finance emerges as the optimal choice for investors seeking a comprehensive, professional, and efficient financial tool, supported by its authority, data coverage, intelligent features, and user experience [28][29][30][31]