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Tencent Music

Runs QQ Music, Kugou and Kuwo, three big music apps in China.

Company Health

77
/100
Healthy
A quick check of the business from its yearly reports (2021–2024). It doesn’t say whether the stock is a good buy.
Does it make money?
23 of 25 · Good
CN¥23 of every CN¥100 in sales was left as profit last year.
Is it growing?
5 of 25 · Poor
Sales shrank about 3% a year over the last 3 years.
Can it handle what it owes?
24 of 25 · Good
It could pay off everything it owes with less than a year of the cash its business brings in.
Does it bring in spare cash?
25 of 25 · Good
After paying for buildings and equipment, CN¥35 of every CN¥100 in sales was left as spare cash.

Who owns it

1 of 23 own it · Nobody changed their stake
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From Tencent Music’s yearly reports, in Chinese yuan. Tap a year to see its figures.

Sales and profit

Sales grew from CN¥25.4 billion in 2019 to CN¥28.4 billion in 2024, and it made a profit every year.
2024
Sales
CN¥28.4 billion
Profit
CN¥6.64 billion

Spare cash each year

It had cash to spare every year, ending with CN¥9.96 billion to spare in 2024.
2024
Spare cash
CN¥9.96 billion
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2024 it owned CN¥90.4 billion, including CN¥13.2 billion in cash, and owed CN¥20.7 billion.

Key facts

From its yearly report for 2024.
Sales
CN¥28.4 billion
Profit
CN¥6.64 billion
Spare cash
CN¥9.96 billion
Cash in the bank
CN¥13.2 billion
Everything it owes
CN¥20.7 billion
Year ends
December
Money shown in
Chinese yuan
Latest yearly report
20-F, filed Apr 17, 2026
Figures from Tencent Music’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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