Glonghui, May 14 | According to Tencent's financial report for the first quarter of 2024, the company achieved operating income of 159.501 billion yuan, gross profit of 83.87 billion yuan, an increase of 23% over the previous year, and net profit (non-IFRS) of 50.265 billion yuan, an increase of 54% over the previous year. Benefiting from the rapid growth of emerging businesses such as video accounts, applets, and SaaS, as well as traditional business focus on improving efficiency, Tencent maintained rapid growth in the first quarter of 2024, and gross profit grew by more than 20% for the fourth consecutive quarter. Furthermore, since the second half of 2022, Tencent has achieved six consecutive quarters where both operating profit and gross profit growth rates have surpassed revenue growth. In terms of R&D investment, Tencent spent 15.678 billion yuan on R&D in the first quarter. Tencent also continued to strengthen shareholder returns. The cumulative number of repurchases in the first quarter reached HK$14.8 billion, with an average daily repurchase amount of HK$824 million, a record high.