TENCENT(HK:00700) 第一财经·2025-09-17 08:44Core Viewpoint - Tencent's stock price has surpassed 660 HKD per share, with a market capitalization exceeding 6 trillion HKD, reflecting strong investor confidence and growth potential in the company [3]. Group 1: Stock Performance - Tencent's stock price reached a peak of over 700 HKD per share in 2021, while it started this year around 400 HKD per share and crossed 600 HKD in August [5]. - The company has been actively repurchasing shares, with 19.849 million shares bought back over 22 consecutive trading days, intended for cancellation [6]. Group 2: Business Developments - At the 2025 Tencent Global Digital Ecosystem Conference, Tencent's Senior Executive Vice President announced that the number of overseas customers for Tencent Cloud has doubled year-on-year [6]. - Tencent plans to expand its cloud business internationally, with new availability zones set to be established in Osaka, Japan, and Saudi Arabia [6]. Group 3: AI and Revenue Growth - Tencent's AI application, Yuanbao, has become one of the top three AI native applications in terms of daily active users, with monthly active users increasing 80 times over six months [6]. - In Q2 of this year, Tencent reported revenue of 184.504 billion CNY, a 15% year-on-year increase, and a non-IFRS operating profit of 69.248 billion CNY, up 18% year-on-year [7]. - The growth in enterprise service revenue has accelerated due to increased demand for AI-related services, including GPU leasing and API token usage [7]. Group 4: Financial Strategy - Tencent has announced a bond issuance plan totaling 9 billion CNY, with the largest tranche being a 6 billion CNY 10-year bond at an interest rate of 2.5% [6]. - The company has significantly increased capital expenditure for IT infrastructure and data centers, totaling 83.1 billion CNY from Q4 last year to Q2 this year [6].