Revenue
32.9 billion CNY
2025 · CNY
Exact inputs and evidence
- Revenue: 32902000000 CNY Source
Annual consolidated revenue for 2025: about CNY 32.9B, using the latest reported figures. The previous period, 2024, was about CNY 28.4B.
8470000000 CNY
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-09-11.
Financial data available through: 2025-12-31.
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Prior period
CNY 28.4 billion
–
Current period
CNY 32.9 billion
–
32902000000 − 28401000000 = 4501000000 CNY
28401000000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source32902000000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
CNY 6.64 billion
–
Current period
CNY 11.06 billion
–
11056000000 − 6644000000 = 4412000000 CNY
6644000000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source11056000000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
CNY 10.28 billion
–
Current period
CNY 10.23 billion
–
10231000000 − 10275000000 = -44000000 CNY
10275000000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source10231000000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
CNY 319 million
–
Current period
CNY 305 million
–
305000000 − 319000000 = -14000000 CNY
319000000 CNY · 2024-01-01 – 2024-12-31
Inspect prior input Prior source305000000 CNY · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 4361000000 | 4258000000 Derived | 103000000 | 21000000 Derived | 82000000 | 832000000 Derived | Source
|
| 2017 2017-01-01 – 2017-12-31 | 10981000000 | 9388000000 Derived | 1593000000 | 267000000 Derived | 1326000000 | 2425000000 Derived | Source
|
| 2018 2018-01-01 – 2018-12-31 | 18985000000 | 16946000000 Derived | 2039000000 | 206000000 Derived | 1833000000 | 5500000000 Derived | Source
|
| 2019 2019-01-01 – 2019-12-31 | 25434000000 | 20812000000 Derived | 4622000000 | 640000000 Derived | 3982000000 | 6105000000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 29153000000 | 24443000000 Derived | 4710000000 | 555000000 Derived | 4155000000 | 4777000000 Derived | Source
|
| 2021 2021-01-01 – 2021-12-31 | 31244000000 | 27444000000 Derived | 3800000000 | 771000000 Derived | 3029000000 | 5080000000 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 28339000000 | 23896000000 Derived | 4443000000 | 766000000 Derived | 3677000000 | 7396000000 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 27752000000 | 21693000000 Derived | 6059000000 | 1139000000 Derived | 4920000000 | 7172000000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 28401000000 | 19691000000 Derived | 8710000000 | 2066000000 Derived | 6644000000 | 9956000000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 32902000000 | 19538000000 Derived | 13364000000 | 2308000000 Derived | 11056000000 | 9926000000 Derived | Source
|
Amounts are exact, in CNY.
Sales over time and how quickly they are changing.
Revenue reported for each complete financial period.
| Period | Series | Value(CNY) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 4361000000 |
|
| 2017 | Revenue | 10981000000 |
|
| 2018 | Revenue | 18985000000 |
|
| 2019 | Revenue | 25434000000 |
|
| 2020 | Revenue | 29153000000 |
|
| 2021 | Revenue | 31244000000 |
|
| 2022 | Revenue | 28339000000 |
|
| 2023 | Revenue | 27752000000 |
|
| 2024 | Revenue | 28401000000 |
|
| 2025 | Revenue | 32902000000 |
|
Change in revenue from the same financial period one year earlier.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 151.8% |
|
| 2018 | Year over year | 72.9% |
|
| 2019 | Year over year | 34% |
|
| 2020 | Year over year | 14.6% |
|
| 2021 | Year over year | 7.2% |
|
| 2022 | Year over year | -9.3% |
|
| 2023 | Year over year | -2.1% |
|
| 2024 | Year over year | 2.3% |
|
| 2025 | Year over year | 15.8% |
|
How much revenue becomes profit, and how much cash operations generate.
Operating income, net income and free cash flow as a share of revenue.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 2.4% |
|
| 2017 | Operating margin | 14.5% |
|
| 2018 | Operating margin | 10.7% |
|
| 2019 | Operating margin | 18.2% |
|
| 2020 | Operating margin | 16.2% |
|
| 2021 | Operating margin | 12.2% |
|
| 2022 | Operating margin | 15.7% |
|
| 2023 | Operating margin | 21.8% |
|
| 2024 | Operating margin | 30.7% |
|
| 2025 | Operating margin | 40.6% |
|
| 2016 | Net margin | 1.9% |
|
| 2017 | Net margin | 12.1% |
|
| 2018 | Net margin | 9.7% |
|
| 2019 | Net margin | 15.7% |
|
| 2020 | Net margin | 14.3% |
|
| 2021 | Net margin | 9.7% |
|
| 2022 | Net margin | 13% |
|
| 2023 | Net margin | 17.7% |
|
| 2024 | Net margin | 23.4% |
|
| 2025 | Net margin | 33.6% |
|
| 2016 | Free cash flow margin | 19.1% |
|
| 2017 | Free cash flow margin | 22.1% |
|
| 2018 | Free cash flow margin | 29% |
|
| 2019 | Free cash flow margin | 24% |
|
| 2020 | Free cash flow margin | 16.4% |
|
| 2021 | Free cash flow margin | 16.3% |
|
| 2022 | Free cash flow margin | 26.1% |
|
| 2023 | Free cash flow margin | 25.8% |
|
| 2024 | Free cash flow margin | 35.1% |
|
| 2025 | Free cash flow margin | 30.2% |
|
Cash generated by the company’s normal business operations.
| Period | Series | Value(CNY) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 873000000 |
|
| 2017 | Operating cash flow | 2500000000 |
|
| 2018 | Operating cash flow | 5632000000 |
|
| 2019 | Operating cash flow | 6200000000 |
|
| 2020 | Operating cash flow | 4885000000 |
|
| 2021 | Operating cash flow | 5239000000 |
|
| 2022 | Operating cash flow | 7481000000 |
|
| 2023 | Operating cash flow | 7337000000 |
|
| 2024 | Operating cash flow | 10275000000 |
|
| 2025 | Operating cash flow | 10231000000 |
|
Operating cash flow minus capital expenditure for the same period and unit.
| Period | Series | Value(CNY) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | 832000000 |
|
| 2017 | Free cash flow | 2425000000 |
|
| 2018 | Free cash flow | 5500000000 |
|
| 2019 | Free cash flow | 6105000000 |
|
| 2020 | Free cash flow | 4777000000 |
|
| 2021 | Free cash flow | 5080000000 |
|
| 2022 | Free cash flow | 7396000000 |
|
| 2023 | Free cash flow | 7172000000 |
|
| 2024 | Free cash flow | 9956000000 |
|
| 2025 | Free cash flow | 9926000000 |
|
Liabilities and short-term ability to meet obligations at each period end.
Total liabilities as a share of total assets.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2017 | Liabilities / assets | 12.8% |
|
| 2018 | Liabilities / assets | 15.3% |
|
| 2019 | Liabilities / assets | 17.1% |
|
| 2020 | Liabilities / assets | 22.8% |
|
| 2021 | Liabilities / assets | 24.1% |
|
| 2022 | Liabilities / assets | 26.7% |
|
| 2023 | Liabilities / assets | 24.3% |
|
| 2024 | Liabilities / assets | 22.9% |
|
| 2025 | Liabilities / assets | 19% |
|
Current assets divided by current liabilities.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017 | Current assets / current liabilities | 2.12× |
|
| 2018 | Current assets / current liabilities | 3.33× |
|
| 2019 | Current assets / current liabilities | 3.17× |
|
| 2020 | Current assets / current liabilities | 3.3× |
|
| 2021 | Current assets / current liabilities | 2.56× |
|
| 2022 | Current assets / current liabilities | 2.27× |
|
| 2023 | Current assets / current liabilities | 2.49× |
|
| 2024 | Current assets / current liabilities | 2.09× |
|
| 2025 | Current assets / current liabilities | 2.22× |
|
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | CNY 82 million Exact valueExact value: 82000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 873 million Exact valueExact value: 873000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 41 million Exact valueExact value: 41000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 832 million Calculation and evidence873000000 − 41000000 CNY Exact free cash flow: 832000000 CNY
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| 2017 2017-01-01 – 2017-12-31 | CNY 1.33 billion Exact valueExact value: 1326000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 2.5 billion Exact valueExact value: 2500000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 75 million Exact valueExact value: 75000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 2.43 billion Calculation and evidence2500000000 − 75000000 CNY Exact free cash flow: 2425000000 CNY
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| 2018 2018-01-01 – 2018-12-31 | CNY 1.83 billion Exact valueExact value: 1833000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 5.63 billion Exact valueExact value: 5632000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 132 million Exact valueExact value: 132000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 5.5 billion Calculation and evidence5632000000 − 132000000 CNY Exact free cash flow: 5500000000 CNY
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| 2019 2019-01-01 – 2019-12-31 | CNY 3.98 billion Exact valueExact value: 3982000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 6.2 billion Exact valueExact value: 6200000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 95 million Exact valueExact value: 95000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 6.11 billion Calculation and evidence6200000000 − 95000000 CNY Exact free cash flow: 6105000000 CNY
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| 2020 2020-01-01 – 2020-12-31 | CNY 4.16 billion Exact valueExact value: 4155000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 4.89 billion Exact valueExact value: 4885000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 108 million Exact valueExact value: 108000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 4.78 billion Calculation and evidence4885000000 − 108000000 CNY Exact free cash flow: 4777000000 CNY
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| 2021 2021-01-01 – 2021-12-31 | CNY 3.03 billion Exact valueExact value: 3029000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 5.24 billion Exact valueExact value: 5239000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 159 million Exact valueExact value: 159000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 5.08 billion Calculation and evidence5239000000 − 159000000 CNY Exact free cash flow: 5080000000 CNY
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| 2022 2022-01-01 – 2022-12-31 | CNY 3.68 billion Exact valueExact value: 3677000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 7.48 billion Exact valueExact value: 7481000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 85 million Exact valueExact value: 85000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 7.4 billion Calculation and evidence7481000000 − 85000000 CNY Exact free cash flow: 7396000000 CNY
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| 2023 2023-01-01 – 2023-12-31 | CNY 4.92 billion Exact valueExact value: 4920000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 7.34 billion Exact valueExact value: 7337000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 165 million Exact valueExact value: 165000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 7.17 billion Calculation and evidence7337000000 − 165000000 CNY Exact free cash flow: 7172000000 CNY
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| 2024 2024-01-01 – 2024-12-31 | CNY 6.64 billion Exact valueExact value: 6644000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 10.28 billion Exact valueExact value: 10275000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 319 million Exact valueExact value: 319000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 9.96 billion Calculation and evidence10275000000 − 319000000 CNY Exact free cash flow: 9956000000 CNY
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| 2025 2025-01-01 – 2025-12-31 | CNY 11.06 billion Exact valueExact value: 11056000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 10.23 billion Exact valueExact value: 10231000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 305 million Exact valueExact value: 305000000 CNY Share or citeThe citation records this snapshot. The page link may show a newer release later. | CNY 9.93 billion Calculation and evidence10231000000 − 305000000 CNY Exact free cash flow: 9926000000 CNY
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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
144 filings · 991 latest values · 991 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001744676, 1744676, TCMEF, TME, edgar:1744676
Also known as Tencent Music Entertainment Group