v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - CNY (¥)
¥ in Millions
Jun. 30, 2026
Dec. 31, 2025
Non-current assets    
Property, plant and equipment ¥ 1,540 ¥ 1,201
Land use rights 2,254 2,290
Right-of-use assets 322 287
Intangible assets 5,895 2,899
Goodwill 29,757 20,521
Investments accounted for using equity method 2,691 1,659
Financial assets at fair value through other comprehensive income 19,147 26,231
Other investments 934 303
Prepayments, deposits and other assets 445 365
Deferred tax assets 633 498
Term deposits 13,640 13,810
Total non-current assets 77,258 70,064
Current assets    
Inventories 98 41
Accounts receivable 4,184 3,903
Prepayments, deposits and other assets 4,745 4,183
Other investments 72 83
Short-term investments 123 0
Term deposits 6,761 15,763
Restricted cash 8 15
Cash and cash equivalents 23,698 8,470
Total current assets 39,689 32,458
Total assets 116,947 102,522
Equity attributable to equity holders of the Company    
Share capital 2 2
Additional paid-in capital 34,933 29,919
Shares held for share award schemes (870) (801)
Treasury shares (3,389) (664)
Other reserves 16,478 22,450
Retained earnings 31,118 29,381
Equity attributable to equity holders of the Company 78,272 80,287
Non-controlling interests 2,801 2,763
Total equity 81,073 83,050
Non-current liabilities    
Borrowings 7,142 0
Notes payable 3,390 3,497
Other payables and other liabilities 468 379
Deferred tax liabilities 1,462 504
Lease liabilities 218 200
Deferred revenue 447 303
Total non-current liabilities 13,127 4,883
Current liabilities    
Accounts payable 6,716 6,284
Other payables and other liabilities 4,451 3,558
Borrowings 5,997 0
Current tax liabilities 999 1,092
Lease liabilities 137 116
Deferred revenue 4,447 3,539
Total current liabilities 22,747 14,589
Total liabilities 35,874 19,472
Total equity and liabilities ¥ 116,947 ¥ 102,522