腾讯控股：平台+内容战略显效；游戏进入大产品周期

[Table_PageText] 腾讯控股|公告点评 三、风险提示 | --- | --- | --- | --- | --- | --- | |--------------------------|--------|-------|--------|--------|--------| | 主要财务比率 12 月 31 日 | 2022A | 2023A | 2024E | 2025E | 2026E | | | | | | | | | 主营收入增长率 | -1.0% | 9.8% | 8.2% | 8.5% | 7.4% | | 营业利润增长率 | -14.3% | 52.8% | 30.0% | 7.1% | 17.0% | | NonGAAP 业绩增速 | -7.2% | 34.9% | 39.7% | 12.0% | 12.4% | | | | | | | | | | 43.1% | 48.1% | 53.2% | 54.9% | 55.8% | | NonGAAP 净利率 | 20.8% | 25.9% | 33.4% | 34.6% | 36.2% | | NonGAAP ROE | 15.9% ...