智通财经网·2025-10-17 06:12Core Viewpoint - Guosen Securities reports that Tencent Holdings (00700) demonstrates stable performance with significant growth potential, particularly in areas like WeChat e-commerce and AI Agent empowerment, which are not included in current profit forecasts [1] Financial Performance - Tencent is expected to achieve revenue of 188.8 billion yuan in Q3 2025, representing a year-on-year growth of 13% [1] - The adjusted net profit forecasts for Tencent from 2025 to 2027 are 259.3 billion yuan, 297.9 billion yuan, and 337.4 billion yuan, with an upward adjustment of 1% for each year [1] - For Q3 2025, the Non-IFRS operating profit is projected to be 73.5 billion yuan, reflecting a year-on-year increase of 20% [1] - The Non-IFRS net profit attributable to shareholders is expected to reach 66.7 billion yuan, showing a year-on-year growth of 12%, with a net profit margin of 35.4% [1] Business Segments - The gaming business is performing well, with long-standing games showing strong results, particularly "Delta Operation" [1] - The financial technology sector is expected to maintain double-digit growth [1] - The network advertising segment is anticipated to benefit from the release of advertising inventory and AI advancements [1]