智通财经APP讯，腾讯控股(00700)发布公告，于2025年9月8日斥资5.51亿港元回购股份89.7万股，每股 回购价格为605.5-618.5港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年9月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 ...

Summary of Key Points Core Viewpoint - On September 5, 31 Hong Kong-listed companies conducted share buybacks totaling 11.72 million shares, with a total amount of HKD 698 million [1][2]. Group 1: Major Companies Involved in Buybacks - Tencent Holdings repurchased 913,000 shares for HKD 551 million, with a highest price of HKD 608.50 and a lowest price of HKD 597.00, bringing its total buyback amount for the year to HKD 48.30 billion [1][2]. - China Hongqiao repurchased 1.276 million shares for HKD 31.57 million, with a highest price of HKD 24.96 and a lowest price of HKD 23.88, totaling HKD 5.37 billion in buybacks for the year [1][2]. - Midea Group repurchased 300,000 shares for HKD 25.83 million, with a highest price of HKD 86.20 and a lowest price of HKD 85.95, accumulating HKD 4.78 billion in buybacks for the year [1][2]. Group 2: Buyback Amounts and Quantities - The highest buyback amount on September 5 was from Tencent Holdings at HKD 551 million, followed by China Hongqiao at HKD 31.57 million [1][2]. - In terms of buyback quantity, the most shares repurchased on September 5 were by Lianyi Rong Technology-W, with 1.301 million shares, followed by China Hongqiao and Maple Leaf Education with 1.276 million and 1.264 million shares, respectively [1][2]. Group 3: Additional Companies and Their Buybacks - Other notable companies involved in buybacks include Hang Seng Bank, Yum China, and Mengniu Dairy, with respective buyback amounts of HKD 23.88 million, HKD 20.13 million, and HKD 6.03 million [2][3]. - The buyback activities reflect a trend among companies to utilize excess cash for shareholder returns, indicating confidence in their financial health [1][2].

Summary of Tencent Holdings (0700.HK) Conference Call Company Overview - **Company**: Tencent Holdings (0700.HK) - **Event**: Asia Leaders Conference 2025 - **Date**: September 4, 2025 - **Presenter**: Mr. James Mitchell, Chief Strategy Officer Key Industry Insights 1. **AI Model Development**: Tencent has re-architected its AI model strategy, with Hunyuan models achieving state-of-the-art (SOTA) performance in China, closing the gap with global models. The launch of HunyuanWorld-Voyager 3D model and its leading rankings on Hugging Face were highlighted [1][2][3] 2. **Revenue Streams from AI**: The company is leveraging AI to enhance revenue across gaming and marketing services, with high margins expected to offset GPU depreciation expenses. Tencent's non-GPU capital expenditure is lower compared to global peers due to cost efficiencies [2][3] 3. **Gaming Industry Growth**: Tencent is well-positioned in the gaming sector, which continues to grow, particularly in China and emerging markets. AI is expected to improve user experience and R&D efficiency, with significant content production efficiency gains anticipated [3][4] 4. **Advertising Services**: Tencent is aggressively deploying AI in its advertising business, which currently captures one-third of China's internet time but is under-monetized. AI-driven ad technology is expected to enhance click-through rates and conversion [8][9] Financial Performance and Projections 1. **Revenue Growth**: Tencent forecasts a revenue growth of 13% year-over-year for 3Q25E and 2025E, with an 18% and 17% growth in EPS respectively [11][12] 2. **Financial Summary**: - Total revenues projected to reach RMB 660.26 billion in 2024 and RMB 746.72 billion in 2025E - Net profit (Non-GAAP) expected to be RMB 222.70 billion in 2024 and RMB 256.39 billion in 2025E - Diluted EPS (Non-GAAP) projected at RMB 23.67 for 2024 and RMB 27.69 for 2025E [13][16] Strategic Initiatives 1. **Capital Allocation**: Tencent is committed to disciplined capital allocation, with plans for share buybacks and dividends supported by improved liquidity in China [10][11] 2. **E-commerce and Cloud Growth**: The company is enhancing its Weixin super-app and expanding its closed-loop e-commerce capabilities, positioning Tencent Cloud as a top player in China's public cloud market [11][12] Risks and Challenges 1. **Industry Competition**: Increased competition in performance-based advertising and potential delays in game launches could impact growth [14] 2. **FinTech and Cloud Growth**: Slower-than-expected growth in these sectors poses a risk to overall performance [14] Conclusion - Tencent is positioned as a key beneficiary of AI advancements in the Chinese internet landscape, with a robust growth outlook across its major business lines. The company maintains a "Buy" rating with a target price of HK$701, reflecting a 17.1% upside potential from the current price of HK$598.50 [11][16]

Summary of Key Points Core Viewpoint - Tencent Holdings has been actively repurchasing its shares, with a total repurchase amount of HKD 48.302 billion this year, indicating a strong commitment to enhancing shareholder value [1][2]. Repurchase Details - On September 5, Tencent repurchased 913,000 shares at a price range of HKD 597.000 to HKD 608.500, totaling HKD 55.076 million [1]. - Since August 18, the company has conducted share repurchases for 15 consecutive days, acquiring a total of 13.768 million shares for HKD 8.259 billion, during which the stock price increased by 2.28% [1][2]. - Year-to-date, Tencent has completed 77 repurchase transactions, acquiring a total of 10.3 million shares [2]. Stock Performance - The stock closed at HKD 605.500 on September 5, reflecting a 2.19% increase for the day, with a total trading volume of HKD 11.491 billion [1].

Core Viewpoint - Tencent Holdings (00700.HK) announced a share buyback on September 5, 2023, spending HKD 551 million to repurchase 913,000 shares at a price range of HKD 597 to HKD 608.5 per share [1] Related Events - On September 4, 2023, Tencent Holdings also spent HKD 551 million to buy back 925,000 shares [1]

Group 1 - Tencent Holdings announced a share buyback plan, committing HKD 551 million to repurchase 913,000 shares [1] - The buyback price per share ranges from HKD 597 to HKD 608.5 [1]

Core Viewpoint - Tencent Holdings (00700) announced a share buyback plan, intending to repurchase 913,000 shares at a total cost of HKD 551 million, with each share priced between HKD 597 and HKD 608.5 [1] Group 1 - The total amount allocated for the share buyback is HKD 551 million [1] - The number of shares to be repurchased is 913,000 [1] - The price range for each repurchased share is between HKD 597 and HKD 608.5 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年9月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 00700 | 說明 | | | | | | | 多櫃檯證券代號 | | 80700 | RMB 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Share Issuance - On September 4, the company issued 401,644 new shares, representing 0.00438% of the total issued shares. The new shares were issued due to employees exercising stock options under the 2023 stock option plan at an exercise price of HKD 321.04. The total number of issued shares increased from 9,172,470,186 to 9,172,871,830 shares [1]. Share Buyback - Between August 18 and September 4, the company repurchased a total of 12,898,000 shares at a price range of HKD 589.79 to 615.37, with an average price of approximately HKD 600. On September 4 alone, the company repurchased 925,000 shares, costing HKD 551 million [1]. - As of now, the company has utilized 50,325,000 shares of the buyback authorization, which accounts for 0.55% of the total authorized shares. The buyback authorization was approved by the shareholders' meeting on May 14, 2025, with a 30-day suspension period following the buyback until October 4, 2025 [1]. Financial Impact - All repurchased shares are intended to be canceled, although the cancellation process has not yet been completed. The employee stock option exercise was settled in a non-cash manner, resulting in a deduction of 475,001 shares as the exercise cost [1].