Tencent Music Entertainment Group

Common Name

Tencent Music

Country

China (Mainland)

Sector

Communication Services

Industry

Internet Content & Information

Employees

5,353

Ticker

1698

Exchange

HONG KONG EXCHANGES AND CLEARING LTD

Website

www.tencentmusic.com

Description

Tencent Music Entertainment Group operates as a music streaming and entertainment services platform across China. It offers an extensive library of audio content through its major brands, including QQ... Show more

Financial Statements of Tencent Music

Below are the financial statements of Tencent Music, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of CNY	2024	2023
Non-current assets	—	—
Property, plant and equipment	803^a	490^a
Land use rights	2,364^a	2,437^a
Right-of-use assets	295^a	367^a
Intangible assets	2,049^a	2,032^a
Goodwill	19,647^a	19,542^a
Investments accounted for using equity method	4,669^a	4,274^a
Financial assets at fair value through other comprehensive income	14,498^a	6,540^a
Other investments	309^a	307^a
Prepayments, deposits and other assets	425^a	540^a
Deferred tax assets	422^a	352^a
Term deposits	10,419^a	8,719^a
Assets	—	—
Non-current assets	55,900^a	45,600^a
Current assets	—	—
Inventories	23^a	8^a
Accounts receivable	3,508^a	2,918^a
Prepayments, deposits and other assets	3,793^a	3,438^a
Other investments	46^a	37^a
Term deposits	13,999^a	9,937^a
Restricted cash	11^a	31^a
Cash and cash equivalents	13,164^a	13,567^a
Current assets	34,544^a	29,936^a
Total assets	90,444^a	75,536^a
Equity attributable to equity holders of the Company	—	—
Share capital	2^a	2^a
Additional paid-in capital	29,035^a	36,576^a
Shares held for share award schemes	-520^a	-302^a
Treasury shares	-550^a	-6,996^a
Other reserves	19,845^a	9,658^a
Retained earnings	20,051^a	16,969^a
Equity attributable to equity holders of the Company	67,863^a	55,907^a
Non-controlling interests	1,863^a	1,295^a
Total equity	69,726^a	57,202^a
Non-current liabilities	—	—
Notes payable	3,572^a	5,636^a
Deferred tax liabilities	198^a	239^a
Lease liabilities	219^a	297^a
Deferred revenue	179^a	148^a
Liabilities	—	—
Non-current liabilities	4,168^a	6,320^a
Current liabilities	—	—
Accounts payable	6,879^a	5,006^a
Other payables and other liabilities	3,381^a	3,472^a
Notes payables	2,154^a	0^a
Current tax liabilities	934^a	567^a
Lease liabilities	106^a	115^a
Deferred revenue	3,096^a	2,854^a
Current liabilities	16,550^a	12,014^a
Total liabilities	20,718^a	18,334^a
Total equity and liabilities	90,444^a	75,536^a

Verified Sources Behind Tencent Music’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Tencent Music’s data sources below and access millions more through our Disclosure Search.

a. Tencent Music's Annual Report 2024

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Tencent Music Entertainment Group

Financial Statements of Tencent Music

Verified Sources Behind Tencent Music’s Financial Fundamentals Data

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