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Tencent Music Entertainment Group (China)

Main Activities: Publishing Industries (except Internet) | Motion Picture and Sound Recording Industries | Radio Broadcasting
Secondary Activities: Performing Arts, Spectator Sports, and Related Industries
Full name: Tencent Music Entertainment Group Profile Updated: November 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

Tencent Music Entertainment Group is a company located in Hong Kong. The company was incorporated in May 1991 and is primarily engaged in the research, production, and sales of high-performance alloy materials and products, such as high-temperature alloys, precision alloys, and special stainless steel. It operates as a high-tech enterprise and is recognized as a national-level demonstration base for new industrial industries (military-civilian integration) and a key enterprise in Jiangsu Province's high-performance alloy material technology industry park. The company has established a complete production process chain for special smelting, forging, hot rolling, cold drawing, and casting, and has a relatively complete product structure including bars, wires, pipes, forgings, and castings. It has the capacity to produce over 5,000 tons of ultra-pure high-temperature alloy materials, 200 large and complex thin-walled high-temperature alloy structural components, 40,000 turbine blades for gas turbines, 150 tons of high-temperature alloys, stainless steel seamless pipes, and 2,000 tons of special welding wire annually. Tencent Music Entertainment Group is one of the few companies in China that can mass-produce deformed and cast high-temperature alloys, high-temperature alloy master alloys, and high-precision castings. The company is committed to providing high-performance alloy materials and products to high-end applications in the aerospace, shipbuilding, nuclear power, and energy industries. It has become an important supplier of ultra-pure high-temperature alloy materials for aviation engines and large complex thin-walled high-temperature alloy precision castings in China, as well as a major supplier of high-temperature alloys and stainless steel seamless pipes for aircraft and aviation engines. The company will continue to research and develop new technologies and products in the field of high-performance alloy materials, expand its product range, and explore domestic and international markets. Its goal is to become a research and production base for high-performance alloy materials and products, as well as a well-known domestic and international industry leader with independent intellectual property rights and core competitiveness.

Headquarters
17/F, Matsunichi Building, Kejizhongyi Road, Midwest District Of Hi-Tech Park, Nanshan District
Shenzhen; Guangdong; Postal Code: 518057

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Website: http://www.tencentmusic.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2012
Key Executives
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Chairman
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President
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
Ownership Details
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8.3%
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Subsidiaries
Guangzhou Shiyinlian Software Technology Co., Ltd.
Tencent Music (Beijing) Co., Ltd.
Tencent Music Entertainment Hong Kong Limited (Hong Kong SAR, China)
Company Performance
Financial values in the chart are available after Tencent Music Entertainment Group report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-2.53%
Total operating revenue
-2.68%
Operating profit (EBIT)
45.84%
Net Profit (Loss) for the Period
30.46%
Total assets
13.72%
Total equity
14.93%
Operating Profit Margin (ROS)
8.6%
Net Profit Margin
6.04%
Return on Equity (ROE)
0.63%
Debt to Equity Ratio
-2.17%
Quick Ratio
-0.16%
Cash Ratio
-0.2%

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