Tencent Holdings Limited operates in the Information retrieval services sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Tencent Holdings Limited with three other
computer services in Asia:
Rakuten Group Inc
of JAPAN
(2020
sales of 1.46 trillion Japanese Yen [US$13.30 billion]
of which 56%
was Internet Server Business),
Baidu, Incorporation
(107.07 billion Chinese Renmimbi [US$16.64 billion]
of which 73%
was Baidu Core), and
Baidu Inc
which is
based in HONG KONG
(120.62 billion Hong Kong Dollars [US$15.50 billion]
of which 73%
was Baidu Core).
Sales Analysis.
During the second
quarter of 2021, sales at Tencent Holdings Limited totalled
138.26 billion Chinese Renmimbi.
This is
an increase of 20.3%
from the 114.88 billion Chinese Renmimbi in sales at the company during the second quarter of 2020.
During the first two
quarters of 2021, sales totalled 273.56 billion Chinese Renmimbi, which is
22.7% higher
than through the first two quarters of 2020.
During the previous 34 quarters, sales at Tencent Holdings Limited have increased compared with the same quarter in the previous year.
Sales at Tencent Holdings Limited appear to have some seasonality: during each of the previous 9
years, sales have been highest during the fourth quarter, which has accounted for
between 26.6% and 29.6%
of the annual
sales.
Tencent Holdings Limited reported sales of 482.06 billion Chinese Renmimbi (US$74.94 billion)
for the
year ending
December of 2020.
This
represents
an
increase of 27.8%
versus 2019, when the company's sales were 377.29 billion Chinese Renmimbi.
Sales at Tencent Holdings Limited have increased during each of the previous five years
(and since 2015, sales have increased a total of 369%).
Sales of Value-Added Services saw an increase
of
32.1% in 2020, from
199.99 billion Chinese Renmimbi to 264.21 billion Chinese Renmimbi.
Not all segments of Tencent Holdings Limited experienced an increase in sales in 2020:
sales of Others fell 0.9% to 7.50 billion Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).