v3.26.1
CONSOLIDATED BALANCE SHEETS - CNY (¥)
¥ in Millions
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property, plant and equipment ¥ 1,201 ¥ 803
Land use rights 2,290 2,364
Right-of-use assets 287 295
Intangible assets 2,899 2,049
Goodwill 20,521 19,647
Investments accounted for using equity method 1,659 4,669
Financial assets at fair value through other comprehensive income 26,231 14,498
Other investments 303 309
Prepayments, deposits and other assets 365 425
Deferred tax assets 498 422
Term deposits 13,810 10,419
Total non-current assets 70,064 55,900
Current assets    
Inventories 41 23
Accounts receivable 3,903 3,508
Prepayments, deposits and other assets 4,183 3,793
Other investments 83 46
Term deposits 15,763 13,999
Restricted cash 15 11
Cash and cash equivalents 8,470 13,164
Total current assets 32,458 34,544
Total assets 102,522 90,444
Equity attributable to equity holders of the Company    
Share capital 2 2
Additional paid-in capital 29,919 29,035
Shares held for share award schemes (801) (520)
Treasury shares (664) (550)
Other reserves 22,450 19,845
Retained earnings 29,381 20,051
Equity attributable to equity holders of the Company 80,287 67,863
Non-controlling interests 2,763 1,863
Total equity 83,050 69,726
Non-current liabilities    
Notes payable 3,497 3,572
Other payables and other liabilities 379 0
Deferred tax liabilities 504 198
Lease liabilities 200 219
Deferred revenue 303 179
Total non-current liabilities 4,883 4,168
Current liabilities    
Accounts payable 6,284 6,879
Other payables and other liabilities 3,558 3,381
Notes payables 0 2,154
Current tax liabilities 1,092 934
Lease liabilities 116 106
Deferred revenue 3,539 3,096
Total current liabilities 14,589 16,550
Total liabilities 19,472 20,718
Total equity and liabilities ¥ 102,522 ¥ 90,444