v3.26.1
Earnings per share
6 Months Ended
Jun. 30, 2026
Earnings per share [abstract]  
Earnings per share
12.
Earnings per share
 
 
(a)
Basic earnings per share
Basic earnings per share (“EPS”) is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.
 
 
(b)
Diluted earnings per share
For the calculation of diluted earnings per share, weighted average number of ordinary shares outstanding is adjusted by the effect of dilutive securities, including share-based awards in respect of share options and RSU, under the treasury stock method (collectively forming the denominator for computing the diluted earnings per share). Potentially dilutive securities, including share options and RSU, have been excluded from the computation of weighted average number of ordinary shares for the purpose of diluted earnings per share if their inclusion is anti-dilutive. No adjustments is made to earnings (numerator).
 
 
The following table sets forth the computation of basic and diluted earnings per share:
 
    
Six months ended June 30,
 
    
2025
    
2026
 
    
RMB’million
    
RMB’million
 
Earnings
     
Net profit attributable to equity holders of the Company
  
 
6,700
 
  
 
4,562
 
  
 
 
    
 
 
 
    
Number of shares
 
    
Six months ended June 30,
 
    
2025
    
2026
 
Shares
     
Weighted average ordinary shares outstanding, used in computing basic earnings per share
    
3,057,167,291
 
  
 
3,104,964,331
 
Dilution effect- adjustments for share options and RSUs
    
41,364,651
 
  
 
27,428,065
 
  
 
 
    
 
 
 
Shares used in computing diluted earnings per share
    
3,098,531,942
 
  
 
3,132,392,396
 
    
RMB
    
RMB
 
Basic earnings per share for Class A and Class B ordinary shares
    
2.19
 
  
 
1.47
 
Diluted earnings per share for Class A and Class B ordinary shares
    
2.16
 
  
 
1.46
 
Basic earnings per ADS
    
4.38
 
  
 
2.94
 
Diluted earnings per ADS
    
4.32
 
  
 
2.91
 
Note: One ADS represents two Class A ordinary shares of the Company.
For the six months ended June 30, 2025 and 2026, certain share options and certain RSUs that were anti-dilutive and being excluded from the calculation of diluted earnings per share were immaterial on a weighted average basis.