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2026-05-14
09:41
晶泰生態賦能項目劑泰科技成功IPO,產業稀缺生態平台全面邁入價值兌現期

香港2026年5月14日 /美通社/ -- 2026 年 5 月 13 日,由晶泰科技(XtalPi,2228.HK)參與早期投資與生態賦能的「全球 AI 藥物遞送第一股」劑泰科技(METiS TechBio,7666.HK)正式掛牌港交所,IPO 募資超 21 億港元,公開認購倍數超 6900 倍,刷新 2026 年港股醫療健康紀錄。這是繼 2024 年晶泰科技以「AI 制藥第一股」身份登陸港交所後,AI 制藥領域的又一裡程碑。首個生態賦能項目的成功上市,不僅為晶泰科技帶來可觀的股權價值回報,也強有力地驗證了其生態平台型企業的投資賦能模式。由晶泰科技構建的 AI 創新生態圈,已全面邁入價值兌現期。

劑泰科技聯合創始人、CEO賴才達博士 (右)、聯合創始人陳紅敏院士 (左) 慶祝公司成功上市
劑泰科技聯合創始人、CEO賴才達博士 (右)、聯合創始人陳紅敏院士 (左) 慶祝公司成功上市

晶泰科技是劑泰科技最早的投資人與生態賦能者,深度參與了其創業構想、團隊組建與早期技術賦能。兩家公司的創始團隊均出自 MIT,同樣以 AI 為技術核心構建可復用的底層研發平台,並先後獲得全球知名藥企與頭部投資機構的認可。從領先實驗室到登陸資本市場,這條技術產業化之路,晶泰科技探索了 10 年,而劑泰科技僅用了 6 年。如今,劑泰科技已構築全球最大規模的千萬級可電離脂質庫,其 AI 賦能制劑新藥 MTS-004 已推進至 III 期臨床,是中國進展最快的 AI 開發藥物管線。

至此,在已登陸港股的三家 AI 制藥公司中,晶泰科技與其投資的劑泰科技占據兩席。這不僅是兩家兄弟企業的「頂峰相見」,更標志著晶泰科技作為平台型龍頭企業的硬科技投資賦能模式,已獲得公開市場的實質性驗證。

始於MIT的創業共識:
跨越前沿概念,直擊產業痛點

晶泰與劑泰的創業交叉點,追溯到 2016 年秋天麻省理工學院(MIT)校園的一場初創項目開放日活動。

彼時,創立剛一年多的晶泰科技,正致力於讓前沿 AI 落地於解決新藥研發中藥物晶型預測這一關鍵難題。在那次活動中,晶泰科技聯合創始人溫書豪遇見了仍在 MIT 讀博的賴才達。賴才達所在的 Myerson Lab 是諾華與 MIT 聯合成立的實驗室,其研究方向天然橫跨學術前沿與產業應用——這與晶泰科技致力於將底層物理與 AI 算法轉化為真實產業創新力的理念高度同頻。基於相似的科研背景與務實的商業嗅覺,溫書豪即刻邀請賴才達作為早期團隊高管加入晶泰科技,推動公司 AI 預測與濕實驗驗證體系的閉環搭建。

在當時,AI 制藥仍是超前且富有爭議的方向。藥物研發周期漫長,大多數藥物早期發現算法難以在短期內獲得實驗閉環驗證,產業界態度審慎,敢於押注的投資人也為數寥寥。但晶泰選擇的路徑不同:以晶型預測這一具體、可驗證的技術環節為切口,並參與全球盲測競爭,從而快速驗證了其量子物理+AI 算法在精度、效率和能勝任的體系復雜度三方面的領先優勢,由此拿下與輝瑞的十年戰略合作訂單,獲得全球知名藥企的公開背書。這一裡程碑不僅驗證了晶泰的技術路徑,也讓當時正在思考再次創業方向的賴才達清晰看到,技術、市場、算力的快速發展下,AI 將成為制藥行業的大勢所趨。

真正的協同創業與生態共建發生在幾年之後。當賴才達決定再次創業,晶泰科技團隊深入參與了項目討論。在溫書豪的建議下,他決定將 AI 能力應用於藥物研發中另一個壁壘極高、且前景廣闊的環節——制劑開發與藥物遞送,並進一步聚焦到大分子藥物遞送這一環節。制劑與藥物遞送更貼近臨床,落地性更強,也更容易實現平台能力的快速驗證與閉環。隨後,晶泰的科學顧問、美國國家科學院與工程院兩院院士陳紅敏,以及 AI 算法專家王文首正式加入。對應晶泰科技,「劑泰科技」命名誕生。團隊於 2020 年正式成立,聚焦 AI 驅動的納米遞送系統,與晶泰的藥物發現與設計能力形成「設計+送達」的產業鏈縱深協同。溫書豪出任劑泰董事會成員,晶泰首席戰略官蔣一得出任產業顧問。

彼時,晶泰科技已完成在 AI 藥物研發領域的技術與商業積累,不僅以早期資本注入劑泰,還在技術層面,基於其已搭建的量子物理算法與雲端超算能力,賦能劑泰在初創期快速建起自己的研發平台。

由此,晶泰與劑泰同樣選擇從藥物臨床前研發的關鍵環節切入行業,一家向上游發展,打造 AI+機器人的一站式藥物發現平台,橫跨小分子、抗體、多肽、siRNA、分子膠等多重藥物模態;一家向下游深耕,自研全球首個 AI 納米遞送平台,僅用 6 年便建立起 10 余款管線項目,各自成長為具備稀缺研發能力、且已推動多款創新藥進入臨床階段的 AI 制藥標桿企業。

全球AI藥物遞送第一股:
突破「送藥」瓶頸的稀缺技術平台

劑泰科技此次上市吸引市場高度關注,核心在於其直面核酸與基因治療時代最棘手的工程難題之一——如何將藥物精准送達病灶。

傳統脂質納米顆粒(LNP)遞送存在根本性局限:絕大多數 LNP 被肝髒被動捕獲,肝外遞送效率極低,嚴重制約 mRNA、基因編輯等新一代療法的臨床應用。劑泰自研的全球首個 AI 納米遞送平台 NanoForge,正是在這一瓶頸上實現系統級突破,有望像精准制導的火箭,解決新分子成藥的「最後一公裡」問題,將傳統遞送方法無法勝任的分子與靶點納入射程,打破潛力分子因遞送問題而臨床折戟的成藥魔咒。

基於 NanoForge 平台, 劑泰科技開發了AiLNP(AI 納米遞送系統設計平台)、AiRNA(AI mRNA序列設計平台)、AiTEM(AI小分子制劑設計平台)三大技術解決方案,以算法、智能體與高通量篩選實驗結合,覆蓋小分子、大分子等多種藥物模態。這一系列的平台能力突破,將遞送系統開發從「經驗試錯」推入「AI 驅動設計」的工程化紀元,跨越從「體外有效」(in vitro)到「體內有效」(in vivo)的研發鴻溝,讓極具潛力的分子快速實現臨床轉化,並增強藥物的安全性和有效性。劑泰已率先實現肝髒、肺、心髒、肌肉、腫瘤組織、免疫系統、中樞神經系統、胃腸道 8 個關鍵器官和組織的精准靶向遞送,肝靶向遞送效率超行業基准 20 倍。

在商業化策略上,劑泰科技采用「平台合作+產品合作」的雙輪驅動商業模式,形成「技術迭代-商業應用-真實數據反饋」的再循環協同生態。劑泰科技已與全球超 30 家制藥及生物技術伙伴建立合作,成立 6 年,已布局超 10 款管線產品。其中,MTS-004 是中國首款完成 III 期臨床的 AI 賦能制劑新藥,也是國內目前唯一一款完成臨床試驗的PBA(假性延髓情緒失控)藥物,有望填補巨大的臨床治療空白,從立項到完成 III 期臨床僅用 38 個月;MTS-105 有望成為全球首款體內mRNA編碼TCE實體瘤療法,用於治療肝癌及其他伴有肝轉移的晚期實體瘤,已進入研究者發起臨床(IIT)階段並獲美國 FDA 孤兒藥資格認定。

劑泰科技的平台實力已獲得臨床試驗與授權合作的雙重產業驗證。其單一靶點平台合作金額可達 1.09 億美元,MTS-004 在 PBA 適應症的裡程碑總額接近 18.5 億元人民幣,為公司提供了可持續的收入和明確的商業化空間。

值得關注的是,劑泰科技作為「全球 AI 藥物遞送第一股」,與「AI 制藥第一股」、「AI+機器人第一股」的晶泰科技在技術路徑上各有側重,底層邏輯卻一脈相承:都將 AI 模型、AI 智能體與高通量實驗體系深度融合,擁有持續自主產生高質量數據的核心引擎,構築了跨學科、可規模化復用的工程化平台,橫跨大小分子、核酸等多種藥物模態,並以平台能力驅動管線擴張與商業合作的雙向增長。晶泰定義了分子發現的新范式,劑泰填補了藥物遞送的關鍵拼圖。兩家公司先後上市,表明 AI 已超越「外掛工具」,成為藥物創新突破的核心驅動力與貫通全鏈條的底層基礎設施,正在規模化地實現臨床轉化與增量創造。

 AI for Science領域
首個生態平台型企業

晶泰科技首席策略官蔣一得博士(右四)與劑泰主創團隊、投資人代表共同出席劑泰科技上市儀式
晶泰科技首席策略官蔣一得博士(右四)與劑泰主創團隊、投資人代表共同出席劑泰科技上市儀式

晶泰科技的本質,是一家生態平台型企業。這一屬性決定了其成長邏輯不依賴單一管線或項目的成敗,而是通過可復用的底層能力布局多元創新生態,系統性地驅動創新成果的密集湧現,並收獲相應的財務與商業回報。晶泰科技多樣的生態網絡與產業落地能力已成為 AI for Science 時代最稀缺的資源之一,造就了其獨特的投資與孵化模式。

截至目前,晶泰科技已投資孵化超 30 家獨具技術優勢的科技初創企業,覆蓋新藥、新材料、底層算法等核心領域,其生態布局已超越傳統的財務投資,演變為深度的生態平台賦能。劑泰科技作為首個成功 IPO 的投資樣本,印證了晶泰科技的投資眼光與這條賦能路徑的可行性,標志著晶泰在AI for Science領域的產業落地能力已構築起獨特的護城河。

長期以來,新藥與新材料研發受困於試錯成本高、驗證周期長、經驗難以規模化遷移的底層矛盾。為了打破這一產業僵局,晶泰科技將量子物理、 AI 、大規模機器人自動化實驗能力沉澱為三重核心競爭力——可持續迭代的 AI+機器人底層平台、大規模工程化的創新能力、優勢協同的開放式創新生態。

三重能力疊加下,晶泰科技正成為 AI for Science 時代的「全球科學基礎設施」,通過不斷復用算法與自動化實驗集群,沉澱跨學科真實數據,平台能夠持續、規模化地驅動源頭創新,挑戰兼具高難度與高回報的產業命題。

目前,這套底層平台已展現出跨模態、跨賽道的高度可遷移性。在小分子、抗體、多肽、核酸、分子膠等廣泛領域,晶泰的系統賦能能力正加速轉化為被投資企業的真實成果:助力希格生科(AI+類器官新藥發現)、萊芒生物(超低劑量新一代細胞治療)、默達生物(免疫代謝機制下的新一代平台型藥物)、溪礫科技(AI+RNA 靶向罕見病與自免疾病)等管線公司的多款創新藥實現臨床轉化;賦能耀速科技(AI+器官芯片)、深度原理(AI 新材料發現)、科邁生物(一鍵式抗體生成)等技術平台公司獲得裡程碑進展。這些密集落地的案例證明,晶泰已建立起高效、可復制的商業閉環,持續為行業與投資人創造價值。

面向未來,晶泰科技將繼續堅守長期主義,作為技術賦能者與生態構建者,依托標准化、規模化的 AI 與機器人平台,將前沿算法轉化為新藥與新材料領域的真實創新力與生產力。在 AI for Science 的廣闊前沿,晶泰科技致力於讓更多源自專業實驗室的科學真知與「瘋狂而正確」的構想,以更高的確定性在產業土壤中生根發芽,轉化為推動行業向前、增進人類健康福祉的力量,繼續敲響商業化的勝利鍾聲。

關於劑泰科技 

AI 納米遞送,開啟健康未來。劑泰科技是一家人工智能(AI)驅動納米材料創新的生物科技公司,專注於利用靶向藥物遞送和藥物發現技術,幫助生命體戰勝疾病和衰老,重獲健康和活力。

劑泰科技由美國工程院院士陳紅敏博士以及 MIT 科學家賴才達博士、王文首博士於 2020 年聯合創立,已獲得國家專精特新「小巨人」、國家高新技術企業等重要資質認定。公司自主開發全球首個人工智能驅動的納米遞送平台 NanoForge,擁有目前全球最大規模千萬級 LNP 脂質庫,並基於 NanoForge 打造了三大核心解決方案:AiLNP(AI 納米遞送系統設計平台)、AiRNA(AI mRNA 序列設計平台)、AiTEM(AI 小分子制劑設計平台)。

公司已具備實現精准靶向肝髒、肺部、肌肉和免疫細胞等 8 個關鍵器官或組織的遞送能力,在多器官、多組織靶向遞送難題上取得突破性進展,為腫瘤、代謝系統疾病、自體免疫性疾病、神經系統退行性疾病等提供成藥機會,也在器官水平上為生命體抗衰提供可能。

Information Provided by PR Newswire [Disclaimer]
2026-05-13
21:15
TCL電子(01070.HK)2026年一季度增長強勁

經調整歸母淨利潤同比倍增140.0%3.8億港元
正式與索尼合作拓展全球家庭娛樂產業

業績亮點

  • TCL電子憑藉「全球化」與「中高端化」的雙輪驅動戰略,經營業績保持強勁增長。2026年一季度,收入同比增長15.3%至292.2億港元,除稅後利潤同比增長236.0%至3.9億港元,經調整歸母淨利潤同比增長140.0%至3.8億港元。公司經營效率持續提升,整體費用[1]率同比下降0.7個百分點至12.5%。
  • 2026年一季度,TCL TV在全球超二十個國家市佔率排名穩居前三[2];TCL Mini LED TV保持高速增長,全球出貨規模同比增長102.1%,其中海外市場TCL Mini LED TV出貨規模同比高增178.3%。一季度海外大呎吋顯示業務毛利率同比提升3.7個百分點至16.6%。
  • 互聯網業務維持高盈利水平,2026年一季度收入同比增長13.2%至7.4億港元,毛利率顯著提升10.6個百分點至65.0%。截至3月底TCL Channel累計用戶數突破4,950萬。
  • 創新業務規模持續躍升,2026年一季度收入同比增長8.1%至89.6億港元,其中光伏業務延續穩健增長勢頭,收入同比增長12.7%至48.1億港元,新增裝機量超1.3GW。
  • 2026年3月,TCL電子與索尼就家庭娛樂領域的戰略合作簽署具有法律約束力的最終協議,未來將通過合資公司共築全球家庭娛樂產業新生態,進一步深化集團在全球中高端市場的戰略佈局。

香港2026年5月13日 /美通社/ -- TCL電子控股有限公司(「TCL電子」或「公司」,01070.HK)今天公佈截至2026年3月31日止之第一季度未經審核之財務業績。2026年第一季度,公司堅定推進「全球化」及「中高端化」戰略,提升產品競爭力,降本增效,帶動主營業務實現有質增長,第一季度實現收入292.2億港元,同比增長15.3%;毛利同比增長27.6%至47.2億港元。

公司持續提升經營效率,一季度整體費用率同比下降0.7個百分點至12.5%,整體盈利水平持續優化。一季度,除稅後利潤同比增長236.0%至3.9億港元,經調整歸母淨利潤同比增長140.0%至3.8億港元。 

2026年3月31日,公司與索尼就家庭娛樂領域的戰略合作簽署具有法律約束力的最終協議,未來將通過合資公司共築全球家庭娛樂產業新生態,進一步深化集團在全球中高端市場的戰略佈局。

顯示業務提質增長,中高端產品延續全球出貨領先優勢

第一季度,公司依託品牌勢能上行、全球渠道高效拓展及產品結構持續優化,顯示業務收入同比增長19.0%至195.2億港元,毛利同比增長39.9%至33.2億港元,毛利率同比提升2.5個百分點至17.0%。

受益於中高端及大呎吋TV佔比持續提升,產品結構升級成效進一步顯現,第一季度大呎吋顯示業務收入同比增長17.2%至167.1億港元,毛利率同比提升3.0個百分點至17.5%。顯示業務大呎吋化趨勢持續增強,TV產品全球平均呎吋較去年同期增長2.3吋至55.6吋;65吋及以上TV出貨量佔比同比提升4.9個百分點至32.6%;75吋及以上TV出貨量佔比同比提升3.4個百分點至17.1%。

中高端產品延續全球出貨領先優勢。TCL Mini LED TV保持高速增長,全球出貨規模同比增長102.1%,佔比同比增長6.6個百分點至15.4%;其中海外市場TCL Mini LED TV出貨規模同比增長178.3%,佔比同比提升8.2個百分點至14.2%。隨著大呎吋TV及Mini LED TV佔比持續提升,海外市場產品結構進一步改善,公司海外大呎吋顯示業務毛利率同比提升3.7個百分點至16.6%。

此外,公司持續擴張全球渠道佈局並深化重點渠道建設,進一步提升終端零售能力及品牌影響力,推動TCL TV在全球超二十個國家市佔率排名穩居前三。

海外高毛利業務快速增長,互聯網業務維持高盈利水平

2026年第一季度,互聯網業務收入同比增長13.2%至7.4億港元,毛利率同比顯著提升10.6個百分點至65.0%。其中,高毛利水平的海外互聯網業務收入佔比同比提升超20.0個百分點。

国际市場方面,公司強化與Google、Roku、Netflix等頭部平台合作,合作層級持續深化;同時內容聚合應用TCL Channel進一步升級,內容豐富度、用戶體驗及商業變現效率均大幅提升,截至2026年3月底TCL Channel累計用戶數突破4,950萬。國內市場方面,公司聚焦用戶體驗差異化,持續優化場景化服務產品,致力於打造真正改變用戶心智的行業標杆場景。公司依託全球家庭場景資源,持續搭建多屏聯動、全場景智慧服務體系,以規模擴容夯實盈利水平。

光伏業務延續穩健增長勢頭,毛利率進一步提升

2026年第一季度,公司創新業務收入同比增長8.1%至89.6億港元。其中,光伏業務延續穩健增長勢頭,收入同比增長12.7%至48.1億港元,新增裝機量超1.3GW。受益於業務規模擴大、經營質量改善及海外市場拓展逐步見效,光伏業務毛利率同比提升至9.4%。

第一季度,公司光伏業務堅持「相對輕資產」運營模式,整體經營健康發展,國內業務實現平穩增長,行業競爭力進一步提升;同時,公司有序推進海外市場佈局,並於歐洲重點國家取得實質性進展。

 -

有關 TCL 電子

TCL 電子控股有限公司(01070.HK,於開曼群島註冊成立之有限公司),自 1999 年 11 月起於香港聯交所主板上市,業務範圍涵蓋顯示業務、創新業務以及互聯網業務。TCL 電子以「戰略引領、創新驅動、先進製造、全球經營」為經營理念,積極變革創新,聚焦突破全球中高端市場,努力夯實「智能物聯生態」全品類佈局,致力為用戶提供全場景智慧健康生活,致力成為全球化經營的領先智能終端企業。TCL 電子已獲納入深港通之合資格港股通股份名單,是恒生港股通指數、恒生綜合中大型股指數及恒生綜合中型股指數基準指數成分股,並從 2018 年起連續多年獲得恒生指數公司授予 ESG 評級 A。

如欲查詢更多資料,請瀏覽 TCL 電子投資者關係網站 http://electronics.tcl.com 或訪問 TCL 電子投資者關係官方微信公眾號。

[1] 整體費用包含銷售及分銷支出和行政支出。

[2] 數據源:除美國市場為Circana 2026年第一季度零售量排名數據,其餘市場為公司內部報告2026年第一季度零售量排名數據。

Information Provided by PR Newswire [Disclaimer]
20:31
TCL Electronics (01070.HK) Maintains Strong Growth in Q1 2026

Adjusted Profit Attributable to Owners of the Parent Surges by 140.0% YoY to HK$384 Million

Officially Partnered with Sony to Expand the Global Home Entertainment Industry

Results Highlights

  • Leveraging the dual-drive strategy of "Globalisation" and "Mid-to-High-End Positioning", TCL Electronics sustained strong momentum in operational performance. In the first quarter of 2026, revenue increased by 15.3% YoY to HK$29.2 billion, profit after tax increased by 236.0% YoY to HK$392 million, and adjusted profit attributable to owners of the parent increased by 140.0% YoY to HK$384 million. The Company's operational efficiency continued to improve, with overall expense[1] ratio decreasing by 0.7 percentage points YoY to 12.5%.
  • In the first quarter of 2026, TCL TV's market share remained among the top three in over 20 countries worldwide[2]; TCL Mini LED TV maintained high growth, with global shipment increasing by 102.1% YoY, and overseas market TCL Mini LED TV shipment surging by 178.3% YoY. In the first quarter, the gross profit margin of the overseas large-sized display business was driven up by 3.7 percentage points YoY to 16.6%.
  • The internet business sustained high profitability. In the first quarter of 2026, revenue increased by 13.2% YoY to HK$740 million, and gross profit margin improved significantly by 10.6 percentage points YoY to 65.0%. As of the end of March, cumulative users of TCL Channel exceeded 49.5 million.
  • The innovative business continued its scale expansion, with revenue in the first quarter of 2026 increasing by 8.1% YoY to HK$9.0 billion. Among these, the photovoltaic business continued its steady growth momentum, with revenue increasing by 12.7% to 4.8 billion, and newly installed capacity exceeding 1.3GW.
  • In March 2026, TCL Electronics entered into a legally binding definitive agreement with Sony to form a strategic partnership in the home entertainment sector via a joint venture. Both parties will jointly build a new global home entertainment ecosystem, further deepening the Group's strategic layout in the global mid-to-high-end market.

HONG KONG, May 13, 2026 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) today announced its unaudited results for the first quarter ended 31 March 2026. In the first quarter of 2026, the Company firmly advanced its strategies of "Globalisation" and "Mid-to-High-End Positioning", enhanced product competitiveness, reduced costs and improved efficiency, driving its core business to achieve quality growth. In the first quarter, the Company recorded revenue of HK$29.2 billion, representing a YoY increase of 15.3%; gross profit increased by 27.6% YoY to HK$4.7 billion.

The Company continuously improved operational efficiency. In the first quarter, the overall expense ratio decreased by 0.7 percentage points YoY to 12.5%, and overall profitability continued to be optimised. During the first quarter, profit after tax increased by 236.0% YoY to HK$392 million, and adjusted profit attributable to owners of the parent increased by 140.0% YoY to HK$384 million.

On 31 March 2026, the Company signed a legally binding definitive agreement with Sony for a strategic partnership in the home entertainment sector. Going forward, both parties will jointly build a new global home entertainment industry ecosystem through a joint venture, further deepening the Group's strategic layout in the global mid-to-high-end market.

Display business achieved quality growth, and mid-to-high-end products sustained their leading position in global shipment

In the first quarter of 2026, leveraging the upward trend in brand momentum, efficient expansion of global channels and continuous optimisation of product mix, the Company's display business revenue increased by 19.0% YoY to HK$19.5 billion, gross profit increased by 39.9% YoY to HK$3.3 billion, and gross profit margin improved by 2.5 percentage points YoY to 17.0%.

Benefitting from the continuous increase in the proportion of mid-to-high-end and large-sized TVs, the effect of product mix upgrade was further demonstrated. In the first quarter, revenue of the large-sized display business increased by 17.2% YoY to HK$16.7 billion, and gross profit margin improved by 3.0 percentage points YoY to 17.5%. The trend of larger-size development in the display business continued to strengthen. The global average screen size of TV products increased by 2.3 inches YoY to 55.6 inches; the shipment proportion of 65-inch and above TVs increased by 4.9 percentage points YoY to 32.6%; the shipment proportion of 75-inch and above TVs increased by 3.4 percentage points YoY to 17.1%.

Mid-to-high-end products maintained their leading edge in global shipment. TCL Mini LED TV sustained rapid growth, with global shipment increasing by 102.1% YoY and its proportion rising by 6.6 percentage points YoY to 15.4%. Among them, TCL Mini LED TV shipment in overseas markets increased by 178.3% YoY, with its proportion improving by 8.2 percentage points YoY to 14.2%. As the proportion of large-sized TVs and Mini LED TVs continued to rise, the product mix in overseas markets was further improved, and the gross profit margin of the Company's overseas large-sized display business increased by 3.7 percentage points YoY to 16.6%.

In addition, the Company continued to expand its global channel layout and deepen the development of key channels, further enhancing terminal retail capabilities and brand influence as well as driving TCL TV's market share to remain among the top three in more than 20 countries worldwide.

High-margin overseas businesses delivered a significant boost, sustaining high profitability for the Internet Business

In the first quarter of 2026, Internet business revenue increased by 13.2% YoY to HK$740 million, with gross profit margin improving significantly by 10.6 percentage points YoY to 65.0%. Among these, the revenue proportion of high-margin overseas Internet business increased by more than 20.0 percentage points YoY.

In overseas markets, the Company strengthened cooperation with leading platforms, including Google, Roku and Netflix, with the depth of collaboration continuously intensified. Meanwhile, the Company further upgraded  its integrated content application TCL Channel, with significant enhancements in content richness, user experience and monetisation efficiency. As of the end of March 2026, cumulative users of TCL Channel exceeded 49.5 million. In the domestic market, the Company focused on differentiated user experience and continuously optimised scenario-based service products, committing to building industry-benchmark scenarios that genuinely redefines consumer perception. Leveraging global home scenario resources, the Company continued to build a multi-screen linkage and all-scenario smart service ecosystem, consolidating profitability through scale expansion.

Photovoltaic Business maintained a steady growth momentum with further improvement in gross profit margin

In the first quarter of 2026, the Company's innovative business revenue increased by 8.1% YoY to HK$8.9 billion. Among these, the photovoltaic business maintained a steady growth momentum, with revenue increasing by 12.7% YoY to HK$4.8 billion and newly installed capacity exceeding 1.3GW. Benefitting from business scale expansion, improvement in operational quality and gradual materialisation of overseas market development, the gross profit margin of the photovoltaic business increased YoY to 9.4%.

In the first quarter, the Company's photovoltaic business adhered to its "relatively asset-light" operating model and maintained sound overall operations. The domestic business achieved steady growth with further enhanced industry competitiveness. Meanwhile, the Company steadily advanced its overseas market layout and made tangible progress in key European countries.

- Ends -

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of "Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation", TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the "Smart IoT Ecosystem". Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the Hang Seng Composite MidCap Index. Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years.

For more information, please visit TCL Electronics' investor relations website at http://electronics.tcl.com to access the official WeChat account of TCL Electronics Investor Relations.

[1] Overall expenses include selling and distribution expenses and administrative expenses.

[2] Source: Except for the U.S. market, where data is based on Circana's retail sales volume ranking data for Q1 2026, all other markets are based on the Company's internal retail sales volume ranking data for Q1 2026.

 

Information Provided by PR Newswire [Disclaimer]
17:56
騰訊公佈二零二六年第一季業績

混元迭代性能躍升 智能體應用成果凸顯

AI賦能主業穩健增長

香港2026年5月13日 /美通社/ -- 世界領先的互聯網科技公司——騰訊控股有限公司(港交所代碼:00700(港幣櫃台)及80700(人民幣櫃台),「騰訊」或「本公司」)今天公佈截至二零二六年三月三十一日止第一季(「1Q2026」)未經審核綜合業績。

董事會主席兼首席執行官馬化騰表示:「二零二六年伊始,我們在新AI產品上取得了顯著突破,並持續以AI賦能核心業務增長。重組後的AI研發團隊重構了AI基礎設施,搭建了Hy3 preview模型,在同等參數規模的模型中性能領先,兼具實用性與性價比;自4月28日以來,其在OpenRouter的token消耗量排行榜上穩居前列。我們的效率AI智能體解決方案已初見成效,我們相信,WorkBuddy目前是中國使用最廣的效率AI智能體服務。同時,我們的核心業務在用戶粘性、收入及盈利上持續增長,既為AI投入提供了充裕的現金流支持,也為AI的落地應用奠定了豐富的場景基礎。」

1Q2026財務摘要

總收入:同比增長9%,毛利:同比增長11%,按非國際財務報告準則的經營盈利:同比增長9%

  • 總收入為人民幣1,965億元,較二零二五年第一季(「同比」)增長9%。
  • 毛利為人民幣1,113億元,同比增長11%。
  • 非國際財務報告準則,撇除若干一次性及/或非現金項目的影響,以體現核心業務的業績:
    • 經營盈利為人民幣756億元,同比增長9%; 經營利潤率為38.5%,較去年持平。
    • 若剔除新AI產品[1],經營盈利為人民幣844億元,同比增長17%; 若剔除新AI產品,經營利潤率由去年的39.9%提升至43.0%。
    • 盈利為人民幣698億元,同比增長11%。
    • 本公司權益持有人應佔盈利為人民幣679億元,同比增長11%。
    • 每股基本盈利為人民幣7.517元,每股攤薄盈利為人民幣7.364元。
  • 國際財務報告準則:
    • 經營盈利為人民幣674億元,同比增長17%; 經營利潤率由去年的32.0%提升至34.3%。
    • 盈利為人民幣594億元,同比增長19%。
    • 本公司權益持有人應佔盈利為人民幣581億元,同比增長21%。
    • 每股基本盈利為人民幣6.431元,每股攤薄盈利為人民幣6.302元。
  • 資本開支為人民幣319億元,同比增加16%。
  • 總現金為人民幣 5,337 億元,同比增長12%。自由現金流為人民幣567億元,同比增長20%。現金淨額為人民幣1,469億元,同比增長63%。
  • 於2026年3月31日,我們於上市投資公司(不包括附屬公司)權益[2]的公允價值為人民幣5,471億元,對比2025年12月31日的公允價值為人民幣6,727億元。於2026年3月31日,我們於非上市投資公司(不包括附屬公司)權益的賬面價值為人民幣3,651億元,對比2025年12月31日的賬面價值為人民幣3,631億元。
  • 1Q2026,本公司於香港聯交所以約76億港元的總代價回購約1,265萬股股份。

[1] 剔除新AI產品(Hy、元寶、CodeBuddy、WorkBuddy及QClaw)之收入、成本及開支

[2] 包括透過特殊目的公司持有的權益,且按應佔基準計

1Q2026管理層討論及分析

增值服務1Q2026收入同比增長4%至人民幣961億元。本土市場遊戲收入為人民幣454億元,同比增長6%,收入增速滯後於本土市場遊戲流水增速,因2026年春節假期晚於2025年,導致更多收入遞延至本季之後確認。本土市場遊戲流水同比增長十幾個百分點,因受《王者榮耀》、《和平精英》等現有長青遊戲,以及《三角洲行動》(近期已躋身長青遊戲之列) 、《無畏契約:源能行動》等近期發佈遊戲的推動。國際市場遊戲收入為人民幣188億元,同比增長13%(按固定匯率計算為14%),增長主要由《部落衝突:皇室戰爭》、《鳴潮》及《無畏契約》個人電腦端所帶動。社交網絡收入同比下降2%至人民幣319億元,因2026年春節假期晚於2025年,令1Q2026確認的本土市場手機遊戲應用道具銷售收入較1Q2025減少。

營銷服務1Q2026收入為人民幣382億元,同比增速由4Q2025的17%提升至本季的20%。我們升級了AI驅動的廣告推薦模型,擴展了微信生態內的閉環營銷能力,從而改善了廣告效果,提升了廣告單價。大多數主要行業的廣告主投放本季度均有增長,其中互聯網服務、電商和遊戲行業的增長尤其顯著。

金融科技及企業服務1Q2026的收入同比增長9%至人民幣599億元。金融科技服務收入增長主要由商業支付及理財服務收入的增長驅動。企業服務收入同比增長20%,其中得益於國內與海外市場需求提升(包括AI相關服務)以及更有利的定價環境共同推動了雲服務收入增長,及微信小店交易額上升而帶動商家技術服務費收入增長。

經營數據


2026

331

於2025年

3月31日

同比變動

於2025年

12月31日

環比變動


(百萬計,另有指明者除外)

微信及WeChat的

合併月活躍賬戶數

1,432

1,402

2 %

1,418

1 %







QQ的移動終端月活躍賬戶數

516

534

-3 %

508

2 %







收費增值服務訂閱會員數[3]

266

268

-0.7 %

267

-0.4 %

1Q2026業務回顧及展望

  • 我們多款長青遊戲[4]在本季流水創下新高,包括《王者榮耀》、《和平精英》和《三角洲行動》,新遊戲《洛克王國:世界》也大受歡迎。
  • 我們的智能投放產品矩陣騰訊營銷AIM+賦能了廣告主營銷服務投放金額的約30%,並在小遊戲、短劇和微信小店廣告主中獲得了廣泛應用。
  • 我們擴大了視頻號內容推薦模型參數規模並優化了模型算法,向用戶推送更相關的內容。視頻號總用戶使用時長同比增長超過20%。
  • 我們為微信小店品牌商家提供了激勵措施,並向資深買家推出了優惠券分享功能,微信小店交易額維持快速的同比增長。
  • 商業支付金額同比增速較4Q2025提升,受益於交易筆數持續增長,以及零售與餐飲服務等品類的筆均交易金額上升。
  • 騰訊雲效率AI智能體解決方案實現了快速的增長與健康的留存率。其中,以日活躍賬戶數計,WorkBuddy已成為中國最受歡迎的效率AI智能體服務。
  • 四月我們發佈了基於重構後的AI基礎設施上搭建的Hy3 preview大語言模型。我們相信Hy3 preview在推理、智能體和代碼的能力上,為同等參數規模的模型中表現最佳的。自4月28日以來,以token消耗量計,其已成為OpenRouter上最廣受使用的模型。

有關更詳細的披露,請瀏覽https://www.tencent.com/zh-hk/investors.html或通過微信公眾號(微信號:TencentGlobal)关注我们。

[3] 季度訂閱會員數的日均值

[4] 長青遊戲指於本土及國際市場,季度平均日活躍賬戶數超過500萬的手遊或超過200萬的個人電腦遊戲,且年流水超過人民幣40 億元

關於騰訊

騰訊以技術豐富互聯網用戶的生活。

通過通信及社交服務微信和QQ,促進用戶互相連接,並助其連接數字內容、網上及線下服務。通過定向營銷服務,助力廣告主觸達數以億計的中國消費者。通過金融科技及企業服務,促進合作夥伴業務增長,助力實現數字化升級。

騰訊大力投資於人才隊伍和推動科技創新,積極參與互聯網行業協同發展。騰訊於1998年在中國深圳成立,騰訊2004年於香港聯合交易所上市。

投資者查詢:[email protected]
媒體查詢:[email protected]

非國際財務報告準則財務計量

為補充根據國際財務報告準則編制的本集團(「本公司及其附屬公司」)綜合業績,若干額外的非國際財務報告準則財務計量(經營盈利、經營利潤率、期內盈利、本公司權益持有人應佔盈利、每股基本盈利及每股攤薄盈利)已於本公佈內呈列。此等未經審核非國際財務報告準則財務計量應被視為根據國際財務報告準則編制的本集團財務業績的補充而非替代計量。此外,此等非國際財務報告準則財務計量的定義可能與其他公司所用的類似詞彙有所不同。

本公司的管理層相信,非國際財務報告準則財務計量藉排除若干非現金項目及投資相關交易的若干影響為投資者評估本集團核心業務的業績提供有用的補充資料。此外,非國際財務報告準則調整包括本集團主要聯營公司的相關非國際財務報告準則調整,此乃基於相關主要聯營公司可獲得的已公佈財務資料或本公司管理層根據所獲得的資料、若干預測、假設及前提所作出的估計。

重要注意事項

本新聞稿載有前瞻性陳述,涉及本集團的業務展望、財務表現估計、預測業務計劃及增長策略。該等前瞻性陳述是根據本集團現有的資料,亦按本新聞稿刊發之時的展望為基準,在本新聞稿內載列。該等前瞻性陳述是根據若干預測、假設及前提,當中有些涉及主觀因素或不受我們控制。該等前瞻性陳述或會證明為不正確及可能不會在將來實現。該等前瞻性陳述涉及許多風險及不明朗因素。鑑於風險及不明朗因素,本新聞稿內所載列的前瞻性陳述不應視為董事會或本公司聲明該等計劃及目標將會實現,故投資者不應過於倚賴該等陳述。

 

 

簡明綜合收益表

人民幣百萬元(特別說明除外)


未經審核


1Q2026

1Q2025

4Q2025

收入

196,458

180,022

194,371

    增值服務

96,110

92,133

89,920

    營銷服務

38,171

31,853

41,116

    金融科技及企業服務

59,885

54,907

60,818

    其他

2,292

1,129

2,517

收入成本

(85,193)

(79,529)

(86,082)

毛利

111,265

100,493

108,289

毛利率

57 %

56 %

56 %

銷售及市場推廣開支

(11,343)

(7,866)

(12,983)

一般及行政開支

(33,800)

(33,664)

(36,283)

其他收益/(虧損)淨額

1,253

(1,397)

1,315

經營盈利

67,375

57,566

60,338

經營利潤率

34 %

32 %

31 %

投資收益/(虧損)淨額及其他

1,928

1,407

3,303

利息收入

4,025

3,748

4,784

財務成本

(2,979)

(3,860)

(3,573)

分佔聯營公司及合營公司盈利(虧損)/淨額

3,620

4,581

6,832

除稅前盈利

73,969

63,442

71,684

所得稅開支

(14,577)

(13,717)

(12,595)

期內盈利

59,392

49,725

59,089





下列人士應佔:


本公司權益持有人

58,093

47,821

58,260

非控制性權益

1,299

1,904

829





非國際財務報告準則經營盈利

75,627

69,320

69,518

非國際財務報告準則

本公司權益持有人應佔盈利

67,905

61,329

64,694





本公司權益持有人應佔

每股盈利(每股人民幣元)




- 基本

6.431

5.252

6.433

- 攤薄

6.302

5.129

6.276

 

 

簡明綜合全面收益表

人民幣百萬元(特別說明除外)



未經審核



1Q2026

1Q2025

期內盈利


59,392

49,725

其他全面收益(除稅淨額):




其後可能會重新分類至損益的項目




分佔聯營公司及合營公司其他全面收益

(222)

652

處置及視同處置聯營公司及合營公司後分佔其他全面收益轉至損益

135

-

以公允價值計量且其變動計入其他全面收益的

  金融資產的公允價值變動(虧損)/收益淨額

(60)

106

處置以公允價值計量且其變動計入其他全面收益的金融資產後轉至損益

(19)

1

外幣折算差額


(13,883)

2,294

對沖儲備變動淨額


(5)

(213)





其後不會重新分類至損益的項目




分佔聯營公司及合營公司其他全面收益


(330)

522

以公允價值計量且其變動計入其他全面收益的金融資產的公
   允價值變動(虧損)/收益淨額


(66,118)

26,361

外幣折算差額


(2,887)

370

對沖儲備變動淨額


(3)

6



(83,392)

30,099

期內全面收益總額


(24,000)

79,824

下列人士應佔:




本公司權益持有人


(22,676)

75,858

非控制性權益


(1,324)

3,966

 

 

其他財務資料

  人民幣百萬元(特別說明除外)

未經審核


1Q2026

1Q2025

4Q2025

EBITDA (a)

84,167

73,817

77,126

經調整的EBITDA (a)

89,617

81,559

83,048

經調整的EBITDA比率 (b)

46 %

45 %

43 %

利息及相關開支

3,134

3,386

3,323

現金淨額 (c)

146,860

90,229

107,145

資本開支 (d)

31,936

27,476

19,632

 

附註

(a) EBITDA乃按經營盈利扣除其他收益/(虧損)淨額,加回物業、設備及器材、投資物業及使用權資產的折舊、以及無形資產及土地
     使用權的攤銷計算。經調整的EBITDA乃按EBITDA加按權益結算的股份酬金開支計算

(b) 經調整的EBITDA比率乃按經調整的EBITDA除以收入計算

(c) 現金淨額為期末餘額,乃根據現金及現金等價物加定期存款及其他(包括為資金管理目的而持有的高流動性投資產品),減借款及
     應付票據計算

(d) 資本開支主要包括對信息技術基礎設施(包括電腦設備、零配件及軟件)、數據中心、土地使用權、辦公園區及知識產權(不包括媒
     體內容)的投入

 

 

簡明綜合財務狀況表

人民幣百萬元(特別說明除外)





經審核

經審核


2026

331

於2025年

12月31日

資產




非流動資產




 物業、設備及器材

165,666


149,905

 土地使用權

22,122


22,339

 使用權資產

17,353


17,367

 在建工程

5,719


9,670

 投資物業

1,131


950

 無形資產

199,008


205,999

 於聯營公司的投資

330,532


342,409

 於合營公司的投資

6,374


6,303

 以公允價值計量且其變動計入損益的金融資產

208,887


207,157

 以公允價值計量且其變動計入其他全面收益的

金融資產

298,052


356,640

 預付款項、按金及其他資產

45,424


24,540

其他金融資產

1,084


1,327

 遞延所得稅資產

29,698


28,618

 定期存款

73,404


70,302


1,404,454


1,443,526





流動資產




 存貨

582


530

 應收賬款

58,116


49,930

 預付款項、按金及其他資產

117,147


111,270

 其他金融資產

3,779


4,201

 以公允價值計量且其變動計入損益的金融資產

27,627


35,929

   以公允價值計量且其變動計入

        其他全面收益的金融資產

8,781


8,781

 定期存款

205,537


236,801

 受限制現金

7,597


6,977

現金及現金等價物

217,770


141,041








646,936


595,460

資產總額

2,051,390


2,038,986

 

 

簡明綜合財務狀況表(續上)




人民幣百萬元(特別說明除外)





未經審核

            經審核


2026

於2025年


331

12月31日

權益




本公司權益持有人應佔權益




 股本

-


-

 股本溢價

68,575


63,796

 庫存股

(1,060)


(3,450)

    股份獎勵計劃所持股份

(8,605)


(7,124)

 其他儲備

7,640


90,494

 保留盈利

1,061,102


1,010,436


1,127,652


1,154,152





非控制性權益

83,975


86,913

權益總額

1,211,627


1,241,065





負債




非流動負債




 借款

207,881


208,369

 應付票據

124,350


126,204

 長期應付款項

10,752


10,544

 其他金融負債

3,679


2,879

 遞延所得稅負債

23,591


21,684

 租賃負債

13,074


13,280

 遞延收入

2,564


2,210


385,891


385,170





流動負債




 應付賬款

141,748


121,127

 其他應付款項及預提費用

81,153


96,496

 借款

51,114


42,618

    應付票據

3,460


10,542

 流動所得稅負債

19,961


18,558

    其他稅項負債

6,130


3,723

 其他金融負債

3,355


3,992

 租賃負債

5,632


5,386

    遞延收入

141,319


110,309


453,872


412,751

負債總額

839,763


797,921

權益及負債總額

2,051,390


2,038,986

 

 

非國際財務報告準則財務計量與根據國際財務報告準則編製的最近計量之間的調節


已報告

調整

非國際財務報告準則

人民幣百萬元

百分比除外

股份酬金 (a)

來自投資公司的

(收益)/虧損淨額 (b)

無形資產攤銷 (c)

減值撥備/(撥回) (d)

SSVCPP (e)

所得稅影響 (f)



未經審核截至 2026 3 31 日止三個月


經營盈利

67,375

6,534

1,578

140

75,627

分佔聯營公司及合營公司盈利/ (虧損)
  淨額

3,620

810

817

1,612

264

7,123

期內盈利

59,392

7,344

(3,255)

3,190

2,467

765

(130)

69,773

本公司權益持有人應佔盈利

58,093

7,193

(3,342)

2,862

2,397

765

(63)

67,905

經營利潤率

34 %







38 %



未經審核截至 2025 年3 月 31 日止三個月


經營盈利

57,566

10,100

1,515

139

69,320

分佔聯營公司及合營公司盈利/ (虧損)淨額

4,581

968

111

1,713

267

7,640

期內盈利

49,725

11,068

(31)

3,228

(689)

160

(769)

62,692

本公司權益持有人應佔盈利

47,821

10,833

1,081

2,854

(719)

160

(701)

61,329

經營利潤率

32 %







39 %



未經審核截至 2025 年12月 31 日止三個月


經營盈利

60,338

7,210

1,594

376

69,518

分佔聯營公司及合營公司盈利/ (虧損)淨額

6,832

773

(26)

1,522

46

9,147

期內盈利

59,089

7,983

(7,479)

3,116

3,617

1,338

(953)

66,711

本公司權益持有人應佔盈利

58,260

7,902

(7,515)

2,793

2,812

1,338

(896)

64,694

經營利潤率

31 %







36 %

 

附註:

(a) 包括授予投資公司僱員的認沽期權(可由本集團收購的投資公司的股份及根據其股份獎勵計劃而發行的股份)及其他獎勵

(b) 包括視同處置/處置投資公司、投資公司的公允價值變動的(收益)/虧損淨額以及與投資公司股權交易相關的其他開支

(c) 因收購產生的無形資產攤銷

(d) 主要包括於聯營公司、合營公司、商譽及收購產生的其他無形資產的減值撥備/(撥回)

(e) 主要包括本集團可持續社會價值及共同富裕計劃項目所產生的捐款及開支

(f) 非國際財務報告準則調整的所得稅影響

 

 

Information Provided by PR Newswire [Disclaimer]
17:55
TENCENT ANNOUNCES 2026 FIRST QUARTER RESULTS

Significant Progress in Hy Capabilities and Productivity AI Agents 

Utilising AI to Grow Existing Core Businesses

HONG KONG, May 13, 2026 /PRNewswire/ -- Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), "Tencent" or "the Company"), a world-leading Internet and technology company in China, today announced the unaudited consolidated results for the quarter ended 31 March 2026 ("1Q2026").

Mr. Ma Huateng, Chairman and CEO of Tencent, said, "We started 2026 by making significant initial progress on our new AI products, as well as continuing to utilise AI to grow our existing core businesses. The Hy3 preview model, built by our revamped team of AI researchers on re-architected AI infrastructure, is a leader in its parameter size class, delivering practical utility and cost efficiency, and has been top ranked in OpenRouter token measurements since April 28. Our productivity AI agent solutions have attained early traction, and we believe that our WorkBuddy is currently the most widely used productivity AI agent service in China. Our core businesses continued to grow their engagement, revenue and profit, providing the cash flow to fund our AI investments, as well as use cases for future AI deployment."

1Q2026 Financial Highlights

Revenues: +9% YoY, gross profit: +11% YoY, non-IFRS operating profit: +9% YoY

  • Total revenues were RMB196.5 billion, up 9% over the first quarter of 2025 ("YoY").
  • Gross profit was RMB111.3 billion, up 11% YoY.
  • On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
    • Operating profit was RMB75.6 billion, up 9% YoY. Operating margin was largely stable at 38.5%.
    • Operating profit excluding new AI products[1] was RMB 84.4 billion, increased by 17% YoY. Operating margin excluding new AI products increased to 43.0% from 39.9% last year.
    • Net profit was RMB 69.8 billion, up 11% YoY.
    • Net profit attributable to equity holders of the Company was RMB67.9 billion, up 11% YoY.
    • Basic earnings per share were RMB7.517. Diluted earnings per share were RMB7.364.
  • On an IFRS basis:
    • Operating profit was RMB67.4 billion, up 17% YoY. Operating margin increased to 34.3% from 32.0% last year.
    • Net profit was RMB59.4 billion, up 19% YoY.
    • Net profit attributable to equity holders of the Company was RMB58.1 billion, up 21% YoY.
    • Basic earnings per share were RMB6.431. Diluted earnings per share were RMB6.302.
  • Capital expenditure was RMB31.9 billion, up 16% YoY.
  • Total cash was RMB533.7 billion, up 12%. Free cash flow was RMB56.7 billion, up 20% YoY. Net cash position totalled RMB146.9 billion, up 63%.
  • The fair value of our shareholdings[2] inlisted investee companies (excluding subsidiaries) totalled RMB547.1 billion as at 31 March 2026, compared with RMB672.7 billion as at 31 December 2025. The carrying book value of our shareholdings inunlisted investee companies (excluding subsidiaries) was RMB365.1 billion as at 31 March 2026, compared with RMB363.1 billion as at 31 December 2025.
  • During 1Q2026, the Company repurchased approximately 12.7 million shares on the Hong Kong Stock Exchange for an aggregate consideration of approximately HKD7.6 billion.

[1] Excludes revenues, costs and expenses for new AI products (Hy, Yuanbao, CodeBuddy, WorkBuddy, and QClaw)

[2] Including those held via special purpose vehicles, on an attributable basis

1Q2026 Management Discussion and Analysis

Revenues from VAS increased by 4% year-on-year to RMB96.1 billion for 1Q2026. Domestic Games revenues were RMB45.4 billion, up 6% YoY, with revenue growth lagging Domestic Games gross receipts growth, as the later timing of the Spring Festival period in 2026 versus 2025 shifted a portion of revenue recognition out of the current quarter. Domestic Games gross receipts grew at a teens percentage rate YoY, driven by existing evergreen games including Honour of Kings and Peacekeeper Elite, as well as more recent game releases including Delta Force, which has recently qualified for the definition of an evergreen game, and VALORANT Mobile. International Games revenues were RMB18.8 billion, up 13% YoY (14% on a constant-currency basis), primarily driven by higher revenues from Clash Royale, Wuthering Waves and VALORANT PC. Social Networks revenues decreased by 2% YoY to RMB31.9 billion, as the later timing of the Spring Festival period resulted in less revenue recognition for domestic app-based game item sales during 1Q2026 versus 1Q2025.

Revenues from Marketing Services were RMB38.2 billion for 1Q2026, up 20% YoY, improving from 17% YoY growth in 4Q2025. We upgraded our AI-driven ad recommendation model and expanded closed-loop marketing capabilities within the Weixin ecosystem, which improved ad performance and pricing. Advertising spending grew across most major industry categories during the quarter, with notable growth from Internet services, eCommerce and games categories.

Revenues from FinTech and Business Services increased by 9% YoY to RMB59.9 billion for 1Q2026. FinTech Services revenue growth was mainly due to higher revenues from commercial payment and wealth management services. Business Services revenues rose by 20% YoY, with growth led by increased cloud services revenues supported by higher demand across domestic and international markets, including demand for AI-related services, and a more favorable pricing environment, as well as higher eCommerce technology service fees arising from growth in Mini Shops GMV.

Operating Metrics


As at

31 March

2026

As at

31 March

2025

Year-

on-year

change

As at

31 December

2025

Quarter-
on-quarter

change


(in millions, unless specified)







Combined MAU of Weixin              

and WeChat

1,432

1,402

2 %

1,418

1 %







Mobile device MAU of QQ                                     

516

534

-3 %

508

2 %







Fee-based VAS subscriptions[3]

266

268

-0.7 %

267

-0.4 %








1Q2026 Business Review and Outlook

  • Several of our evergreen games[4] achieved life-time highs in quarterly gross receipts, including Honour of Kings, Peacekeeper Elite and Delta Force, while new game Roco Kingdom: World achieved substantial popularity.
  • Our automated campaign management solution AIM+ powered approximately 30% of our total marketing services spending from advertisers, gaining notable traction among mini game, mini drama and mini shop advertisers.
  • We scaled up the number of parameters and enhanced the algorithms for Video Accounts' content recommendation model, enabling delivery of more relevant content to users. Total time spent on Video Accounts grew over 20% year-on-year.
  • Mini Shops sustained a rapid year-on-year growth rate in GMV as we offered incentives for brand merchants and introduced coupon sharing features for frequent buyers.
  • Commercial payment volume grew at a faster year-on-year rate than 4Q2025, benefitting from ongoing increase in number of transactions and higher value per transaction in categories such as retail and dining services.
  • Tencent Cloud's productivity AI agent solutions achieved rapid growth and healthy retention rates. Among which, WorkBuddy was the most popular productivity AI agent service in China, measured by DAU.
  • In April, we launched the Hy3 preview large language model, building upon a revamped AI infrastructure. We believe the Hy3 preview model is currently best in class among similar-size models in terms of reasoning, agentic and coding capabilities, and has become the most used model on OpenRouter since April 28, measured by token usage.

[3] Average daily number of subscriptions during the quarter

[4] Evergreen games refer to domestic and international games surpassing average quarterly DAU of 5 million for mobile or 2 million for PC, and generating over RMB4 billion annual gross receipts

For other detailed disclosure, please refer to our website https://www.tencent.com/en-us/investors.html, or follow us via Weixin Official Account (Weixin ID: TencentGlobal)

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted marketing services helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support partners' business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Tencent has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

Investor contact: [email protected]
Media contact: [email protected]

Non-IFRS Financial Measures

To supplement the consolidated results of the Group ("the Company and its subsidiaries") prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of operating profit, operating margin, profit for the period, profit attributable to equity holders of the Company, basic EPS and diluted EPS) have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Group's financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.

The Company's management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group's core operations by excluding certain non-cash items and certain impact of investment-related transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Group's major associates based on available published financials of the relevant major associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Group. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

 

 

CONDENSED CONSOLIDATED INCOME STATEMENT 

RMB in millions, unless specified


Unaudited


1Q2026

1Q2025

4Q2025

Revenues

196,458

180,022

194,371

VAS

96,110

92,133

89,920

Marketing Services

38,171

31,853

41,116

FinTech and Business Services

59,885

54,907

60,818

Others

2,292

1,129

2,517

Cost of revenues

(85,193)

(79,529)

(86,082)

Gross profit

111,265

100,493

108,289

Gross margin

57 %

56 %

56 %

Selling and marketing expenses

(11,343)

(7,866)

(12,983)

General and administrative expenses

(33,800)

(33,664)

(36,283)

Other gains/(losses), net

1,253

(1,397)

1,315

Operating profit

67,375

57,566

60,338

Operating margin

34 %

32 %

31 %

Net gains/(losses) from investments and others

1,928

1,407

3,303

Interest income

4,025

3,748

4,784

Finance costs

(2,979)

(3,860)

(3,573)

Share of profit/(losses) of associates and joint
  ventures, net

3,620

4,581

6,832

Profit before income tax

73,969

63,442

71,684

Income tax expense

(14,577)

(13,717)

(12,595)

Profit for the period

59,392

49,725

59,089





Attributable to:


    Equity holders of the Company

58,093

47,821

58,260

    Non-controlling interests

1,299

1,904

829





Non-IFRS operating profit

75,627

69,320

69,518

Non-IFRS profit attributable to equity
   holders of the Company

67,905

61,329

64,694





Earnings per share for profit attributable to
  equity holders of the Company

(in RMB per share)




- basic

6.431

5.252

6.433

- diluted

6.302

5.129

6.276

 

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 

RMB in millions, unless specified


Unaudited


1Q2026

1Q2025

Profit for the period

59,392

49,725

Other comprehensive income, net of tax:



Items that may be subsequently reclassified to profit or loss



Share of other comprehensive income of associates and joint ventures

(222)

652

Transfer of share of other comprehensive income to profit or loss upon disposal
   and deemed disposal of associates and joint ventures

135

-

Net (losses)/gains from changes in fair value of financial assets at fair value
   through other comprehensive income

(60)

106

Transfer to profit or loss upon disposal of financial assets at fair value through
   other comprehensive income

(19)

1

Currency translation differences

(13,883)

2,294

Net movement in reserves for hedges

(5)

(213)

Items that will not be subsequently reclassified to profit or loss



Share of other comprehensive income of associates and joint ventures

(330)

522

Net (losses)/gains from changes in fair value of financial assets at fair value
   through other comprehensive income

(66,118)

26,361

Currency translation differences

(2,887)

370

Net movement in reserves for hedges

(3)

6


(83,392)

30,099

Total comprehensive income for the period

(24,000)

79,824

Attributable to:



    Equity holders of the Company

(22,676)

75,858

    Non-controlling interests

(1,324)

3,966

 

 

OTHER FINANCIAL INFORMATION 

RMB in millions, unless specified


Unaudited


1Q2026

1Q2025

4Q2025

EBITDA (a)

84,167

73,817

77,126

Adjusted EBITDA (a)

89,617

81,559

83,048

Adjusted EBITDA margin (b)

46 %

45 %

43 %

Interest and related expenses

3,134

3,386

3,323

Net cash (c)

146,860

90,229

107,145

Capital expenditures (d)

31,936

27,476

19,632


Note: 

(a) EBITDA is calculated as operating profit minus other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, and amortisation of intangible assets and land use rights. Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses

(b) Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues

(c) Net cash represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, including highly liquid investment products held for treasury purposes, minus borrowings and notes payable

(d) Capital expenditures primarily consist of investments in IT infrastructure (including computer equipment, components, and software), data centres, land use rights, office premises and intellectual properties (excluding media content)

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

RMB in millions, unless specified


Unaudited

Audited


As at

31 March, 2026

As at

31 December, 2025

ASSETS




Non-current assets




  Property, plant and equipment

165,666


149,905

  Land use rights

22,122


22,339

  Right-of-use assets

17,353


17,367

  Construction in progress

5,719


9,670

  Investment properties

1,131


950

  Intangible assets

199,008


205,999

  Investments in associates

330,532


342,409

  Investments in joint ventures

6,374


6,303

  Financial assets at fair value through profit or loss

208,887


207,157

  Financial assets at fair value through other

   comprehensive income

298,052


356,640

  Prepayments, deposits and other assets

45,424


24,540

  Other financial assets

1,084


1,327

  Deferred income tax assets

29,698


28,618

  Term deposits

73,404


70,302






1,404,454


1,443,526





Current assets




  Inventories

582


530

  Accounts receivable

58,116


49,930

  Prepayments, deposits and other assets

117,147


111,270

  Other financial assets

3,779


4,201

  Financial assets at fair value through profit or loss

27,627


35,929

  Financial assets at fair value through other

   comprehensive income

8,781


8,781

  Term deposits

205,537


236,801

  Restricted cash

7,597


6,977

  Cash and cash equivalents

217,770


141,041






646,936


595,460





Total assets

2,051,390


2,038,986

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

RMB in millions, unless specified



Unaudited

Audited



As at

31 March, 2026

As at

31 December, 2025

EQUITY





Equity attributable to equity holders of the Company





  Share capital


-


-

  Share premium


68,575


63,796

  Treasury shares


(1,060)


(3,450)

  Shares held for share award schemes


(8,605)


(7,124)

  Other reserves


7,640


90,494

  Retained earnings


1,061,102


1,010,436



1,127,652


1,154,152






Non-controlling interests


83,975


86,913






Total equity


1,211,627


1,241,065






LIABILITIES





Non-current liabilities





  Borrowings


207,881


208,369

  Notes payable


124,350


126,204

  Long-term payables


10,752


10,544

  Other financial liabilities


3,679


2,879

  Deferred income tax liabilities


23,591


21,684

  Lease liabilities


13,074


13,280

  Deferred revenue


2,564


2,210








385,891


385,170






Current liabilities





  Accounts payable


141,748


121,127

  Other payables and accruals


81,153


96,496

  Borrowings


51,114


42,618

  Notes payable


3,460


10,542

  Current income tax liabilities


19,961


18,558

  Other tax liabilities


6,130


3,723

  Other financial liabilities


3,355


3,992

  Lease liabilities


5,632


5,386

  Deferred revenue


141,319


110,309








453,872


412,751






Total liabilities


839,763


797,921






Total equity and liabilities


2,051,390


2,038,986

 

 

RECONCILIATIONS OF THE GROUP'S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS


As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation (a)

Net (gains)/losses 
from investee
companies (b)

Amortisation of

intangible assets (c)

Impairment

provisions/
(reversals) (d)

SSV & CPP (e)

Income

tax effects (f)



Unaudited three months ended 31 March 2026


Operating profit

67,375

6,534

1,578

140

75,627

Share of profit/(loss) of associates and
  joint ventures, net

3,620

810

817

1,612

264

7,123

Profit for the period

59,392

7,344

(3,255)

3,190

2,467

765

(130)

69,773

Profit attributable to

 equity holders

58,093

7,193

(3,342)

2,862

2,397

765

(63)

67,905

Operating margin

34 %







38 %



Unaudited three months ended 31 March 2025


Operating profit

57,566

10,100

1,515

139

69,320

Share of profit/(loss) of associates and
  joint ventures, net

4,581

968

111

1,713

267

7,640

Profit for the period

49,725

11,068

(31)

3,228

(689)

160

(769)

62,692

Profit attributable to equity holders

47,821

10,833

1,081

2,854

(719)

160

(701)

61,329

Operating margin

32 %







39 %



Unaudited three months ended 31 December 2025


Operating profit

60,338

7,210

1,594

376

69,518

Share of profit/(loss) of associates and
  joint ventures, net

6,832

773

(26)

1,522

46

9,147

Profit for the period

59,089

7,983

(7,479)

3,116

3,617

1,338

(953)

66,711

Profit attributable to equity holders

58,260

7,902

(7,515)

2,793

2,812

1,338

(896)

64,694

Operating margin

31 %







36 %


Note:

(a) Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies' share-based incentive plans which can be acquired by the Group, and other incentives

(b) Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c) Amortisation of intangible assets resulting from acquisitions

(d) Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e) Mainly including donations and expenses incurred for the Group's Sustainable Social Value and Common Prosperity Programme ("SSV & CPP") initiatives

(f) Income tax effects of non-IFRS adjustments

 

Information Provided by PR Newswire [Disclaimer]
12:45
SK Hynix CEO Said to Meet Microsoft Bill Gates to Deepen HBM Supply Co-op

SK Hynix (000660.KS) CEO Kwak Noh-Jung will meet with Microsoft Corporation (MSFT.US) Co-founder Bill Gates and CEO Satya Nadella in the US, Korean media reported, citing sources.

The event is expected to further deepen the strategic partnership between Microsoft and SK Hynix, particularly in HBM supply.

Microsoft is a major customer of SK Hynix's DRAM and NAND flash products.
~

AASTOCKS Financial News
Website: www.aastocks.com

Information Provided by AAStocks Financial News [Disclaimer]
12:31
Sands China Committed to Advancing Macao's Economic Diversification

Driving the development of Macao as World Centre of Tourism and Leisure through integration, innovation, and inclusion

MACAO, May 13, 2026 /PRNewswire/ -- At Tuesday's opening ceremony of G2E Asia 2026, the annual trade show and conference for the Asian gaming industry, Grant Chum, chief executive officer and executive director of Sands China Ltd., delivered the keynote address to 200 industry leaders and tourism stakeholders from across the region at The Venetian® Macao. The keynote shed light on insights to Macao's integrated tourism development and pathways to its citywide diversification.

At G2E Asia 2026 on Tuesday, Grant Chum, chief executive officer and executive director of Sands China Ltd., delivers a keynote address to 200 industry leaders and tourism stakeholders from across the region. The keynote shed light on insights to Macao’s integrated tourism development and pathways to its citywide diversification.
At G2E Asia 2026 on Tuesday, Grant Chum, chief executive officer and executive director of Sands China Ltd., delivers a keynote address to 200 industry leaders and tourism stakeholders from across the region. The keynote shed light on insights to Macao’s integrated tourism development and pathways to its citywide diversification.

Themed "Evolving Together: Advancing Macao's Diversification Through Integration, Innovation, and Inclusion," the keynote speech outlined how Sands China's visionary integration, transformative innovation, and inclusive growth have collectively shaped a blueprint for Macao's sustainable development.

Such a forward-looking blueprint traces back to the far-sighted vision of Sheldon G. Adelson, the late founder of Las Vegas Sands Corp. Under his leadership, the group's first property in Macao, Sands® Macao, was launched in 2004; it was followed by the 2007 launch of The Venetian® Macao, the city's first large-scale integrated resort that merges retail, entertainment, hospitality, and MICE facilities. Ever since, Sands China has laid the foundation for the Cotai Strip, ushering in a new era for Macao's tourism industry.

To support Macao's economic diversification, Sands China has continuously invested in a holistic focus on hospitality, MICE, entertainment, and retail. Its 14,000-seat Venetian Arena, constantly staging large-scale concerts and performances by international superstars, has played a key role in positioning Macao more prominently on the global stage.

The company also operates over 1.6 million square feet of MICE facilities, instrumental in drawing world-class MICE events and a large flow of business visitors to Macao, extending visitors' stay, and further strengthening Macao's status as a leading business tourism destination in Asia. In addition, Sands China owns the city's largest retail offering, comprising nearly 780 world-renowned duty-free retail outlets, providing strong support for the development of Macao's retail sector.

As the pioneer of the integrated resort model in Macao, Sands China has remained steadfast in fostering the city's economic diversification for over 20 years and continues to hold strong confidence in its future development. With the leadership of the central and the Macao SAR governments, Macao's long-term political stability under the "One Country, Two Systems" framework has positioned the city as a safe, resilient operating environment for long-term investment, sustained development, and high-quality growth. Macao further benefits from strong organic demand – driven by its proximity to a population of nearly 90 million in the Greater Bay Area and its connectivity to key global markets. Together with tourism infrastructure developed by Sands China and industry peers over years, the synergy that has formed enables Macao to continuously attract diverse groups of tourists and effectively capture visitor demand.

Furthermore, Macao's supply advantage in having an unmatched critical mass of high-quality integrated resorts, together with government-backed infrastructure such as the Hong Kong–Zhuhai–Macao Bridge, have further enabled the scale and efficiency of Macao's tourism ecosystem and sustained its competitiveness.

Looking ahead, Chum underscored the growing importance of the "Event Economy" as a key driver of the next phase of Macao's diversification journey, with purposeful programming playing an increasingly strategic role in attracting international visitors and facilitating further economic diversification. The future focus for Sands China is on the curation of globally significant events to maximize impact and long-term value. Crucially, such events generate a broader spillover effect across the city's economy, benefitting a wider scope of industries.  

Flagship entertainment and sports events are also identified as powerful brand amplifiers for the city. In particular, The NBA China Games in October 2025 marked a significant milestone. It generated approximately 3 billion online impressions on social media platforms across the Chinese mainland and significantly enhanced Macao's visibility within global sports and entertainment networks. Around the event, Sands China curated around 100 extended activities and initiatives, including NBA House, the Impact Week community event, fan engagement, and Macao's first NBA flagship store, ensuring the impact extended beyond the arena into the wider community.

The significance of sustainable diversification lies not only in tourism benefits, but also in creating meaningful and lasting contributions to the local community. By extending the synergy from large-scale events, Sands China has endeavoured to promote community care, bolstering volunteer service, fostering the development of Macao's arts and culture, empowering SMEs, and advancing community revitalization – ensuring tourism growth drives broader participation and shared benefits across society.

Sands China reaffirms its unwavering confidence in Macao's future and pledges to continue investing in high-quality non-gaming projects, working closely with the government, industry and Macao community to further facilitate the city's development as a World Centre of Tourism and Leisure.

About Sands China Ltd.

Sands China Ltd. (Sands China or the Company) is incorporated in the Cayman Islands with limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEx: 1928). Sands China is the largest operator of integrated resorts in Macao. The Company's integrated resorts on the Cotai Strip comprise The Venetian® Macao, The Plaza® Macao, The Parisian® Macao and The Londoner® Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company's portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, The Londoner Theatre and Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company's Cotai Strip portfolio has the goal of contributing to Macao's transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

For more information, please visit www.sandschina.com.

Media contacts:
Corporate Communications, Sands China Ltd.
Mabel Wu
Tel: +853 8118 2268
Email: [email protected]

Jesse Chiang
Tel: +853 8118 2054
Email: [email protected]

At G2E Asia 2026 on Tuesday, Grant Chum, chief executive officer and executive director of Sands China Ltd., delivers a keynote address to 200 industry leaders and tourism stakeholders from across the region. The keynote shed light on insights to Macao’s integrated tourism development and pathways to its citywide diversification.
At G2E Asia 2026 on Tuesday, Grant Chum, chief executive officer and executive director of Sands China Ltd., delivers a keynote address to 200 industry leaders and tourism stakeholders from across the region. The keynote shed light on insights to Macao’s integrated tourism development and pathways to its citywide diversification.

Following his keynote address at G2E Asia 2026, Chum (centre) gathers with Bill Miller (left), president and CEO of the American Gaming Association, and J.B. Son (right), senior vice president of Reed Exhibitions, Asia Pacific.
Following his keynote address at G2E Asia 2026, Chum (centre) gathers with Bill Miller (left), president and CEO of the American Gaming Association, and J.B. Son (right), senior vice president of Reed Exhibitions, Asia Pacific.

Information Provided by PR Newswire [Disclaimer]
10:33
【EHA2026】亞盛醫藥17項臨床進展入選2026年歐洲血液學協會年會

美國馬里蘭州羅克維爾市和中國蘇州2026年5月13日 /美通社/ -- 致力於在腫瘤等領域開發創新藥物的領先的生物醫藥企業——亞盛醫藥(納斯達克代碼:AAPG;香港聯交所代碼:6855)宣佈,公司核心產品的17項臨床進展將在2026年歐洲血液學協會(EHA)年會上公佈,涉及公司原創1類新藥、中國首個上市的第三代BCR-ABL抑制劑奧雷巴替尼(商品名:耐立克®;研發代號:HQP1351),以及公司原創1類新藥、中國首個上市的國產原創Bcl-2選擇性抑制劑利沙托克拉(商品名:利生妥®;研發代號:APG-2575)。其中包括8項壁報展示。該會議將於6月11日至14日在瑞典斯德哥爾摩舉行。

作為全球血液領域極具權威性與影響力的頂尖學術盛會,EHA年會匯聚全球血液學領域專業人士,分享全球最前沿的研究進展和突破性臨床數據。

入選壁報展示的主要摘要信息包括:

UPDATED EFFICACY AND SAFETY OF OLVEREMBATINIB (HQP1351) AS SECOND-LINE THERAPY IN PATIENTS WITH CHRONIC-PHASE CHRONIC MYELOID LEUKEMIA (CP-CML)

奧雷巴替尼(HQP1351)作為慢性期慢性髓細胞白血病(CP-CML)二線治療的最新療效與安全性

  • 摘要編號:PS1733
  • 展示時間:
    6月13日 週六 晚上18:45-19:45(中歐夏令時)
    6月14日 週日 凌晨00:45 - 01:45(北京時間)
  • 第一作者:黎緯明教授,華中科技大學同濟醫學院附屬協和醫院血液科

EFFICACY OF OLVEREMBATINIB IN PATIENTS WITH CHRONIC-PHASE CHRONIC MYELOID LEUKEMIA (CP-CML) WITH PRIOR RESISTANCE TO PONATINIB OR ASCIMINIB AND ASXL1 MUTATIONS

奧雷巴替尼治療既往對泊那替尼或阿思尼布耐藥且攜帶ASXL1基因突變的慢性期慢性髓細胞白血病(CP-CML)患者的療效

  • 摘要編號:PS1727
  • 展示時間:
    6月13日 週六 晚上18:45-19:45(中歐夏令時)
    6月14日 週日 凌晨00:45 - 01:45(北京時間)
  • 第一作者:Elias Jabbour, MD,美國德克薩斯大學MD安德森癌症中心白血病科

UPDATED RESULTS OF POLARIS-1 (PART 1), A GLOBAL REGISTRATIONAL PHASE 3 STUDY: OLVEREMBATINIB COMBINED WITH LOW-INTENSITY CHEMOTHERAPY IN NEWLY DIAGNOSED PH+ ALL

POLARIS-1研究(第一部分)最新結果:奧雷巴替尼聯合低強度化療治療新診斷費城染色體陽性急性淋巴細胞白血病(Ph+ ALL)的全球註冊III期臨床研究

  • 摘要編號:PS1479
  • 展示時間
    6月13日 週六 晚上18:45-19:45(中歐夏令時
    6月14日 週日 凌晨00:45 - 01:45(北京時間)
  • 第一作者:陳蘇寧教授,蘇州大學附屬第一醫院

CORRELATION OF BASELINE CHARACTERISTICS WITH PROGNOSIS IN PATIENTS WITH CHRONIC LYMPHOCYTIC LEUKEMIA/SMALL LYMPHOCYTIC LYMPHOMA (CLL/SLL) TREATED WITH LISAFTOCLAX (APG-2575) IN A PIVOTAL PHASE 2 STUDY

一項關鍵II期臨床研究中利沙托克拉(APG-2575)治療的慢性淋巴細胞白血病/小淋巴細胞淋巴瘤(CLL/SLL)患者基線特徵與預後的相關性

  • 摘要編號:PS1713
  • 展示時間:
    6月13日 週六 晚上18:45-19:45(中歐夏令時)
    6月14日 週日 凌晨00:45 - 01:45(北京時間)
  • 第一作者:周可樹教授,河南省腫瘤醫院

SAFETY AND PRELIMINARY EFFICACY OF OLVEREMBATINIB (HQP1351) COMBINED WITH LISAFTOCLAX (APG-2575) IN PEDIATRIC PATIENTS WITH RELAPSED/REFRACTORY (R/R PH+ ALL): RESULTS OF A PHASE 1B STUDY

一項1B期臨床研究結果:奧雷巴替尼(HQP1351)聯合利沙托克拉(APG-2575)治療復發/難治性(R/R)費城染色體陽性急性淋巴細胞白血病(Ph+ ALL)兒童患者的安全性與初步療效

  • 摘要編號:PS1473
  • 展示時間:
    6月13日 週六 晚上18:45-19:45(中歐夏令時)
    6月14日 週日 凌晨00:45 - 01:45(北京時間)
  • 第一作者:章婧嫽 中國醫學科學院血液病醫院(中國醫學科學院血液學研究所)

全部摘要信息(含壁報展示和在線發佈)請查詢EHA官網。

關於亞盛醫藥

亞盛醫藥(納斯達克代碼:AAPG;香港聯交所代碼:6855)是一家綜合性的全球生物醫藥企業,致力於研發、生產和商業化創新藥,以解決腫瘤領域全球患者尚未滿足的臨床需求。公司已建立豐富的創新藥產品管線,包括抑制Bcl-2和 MDM2-p53 等細胞凋亡通路關鍵蛋白的抑制劑、新一代針對癌症治療中出現的激酶突變體的抑制劑以及蛋白降解劑。

公司核心品種耐立克®是中國首個獲批上市的第三代BCR-ABL抑制劑,已獲批用於治療伴有T315I突變的慢性髓細胞白血病慢性期(CML-CP)和加速期(CML-AP)患者,以及對一代和二代TKI耐藥和/或不耐受的CML-CP成年患者。該藥物所有獲批適應症均已被納入中國國家醫保藥品目錄(NRDL)。目前,亞盛醫藥正在開展耐立克®三項全球註冊III期臨床研究,分別為:獲美國FDA和歐洲EMA許可的評估耐立克®治療新診斷費城染色體陽性急性淋巴細胞白血病(Ph+ ALL)患者POLARIS-1研究;獲美國FDA和歐洲EMA許可的評估耐立克®治療經治CML-CP成年患者的POLARIS-2研究;評估耐立克®治療SDH-缺陷型GIST患者的POLARIS-3研究。

公司另一重磅品種利生妥®是一款用於治療多種血液系統惡性腫瘤的新型Bcl-2抑制劑。利生妥®已獲中國國家藥品監督管理局(NMPA)批准,用於治療既往至少接受過一種包括布魯頓酪氨酸激酶(BTK)抑制劑在內的系統治療的成人慢性淋巴細胞白血病/小淋巴細胞淋巴瘤(CLL/SLL)患者。目前,亞盛醫藥正在開展利生妥®四項全球註冊III期臨床研究,分別為:獲美國FDA和歐洲MEA許可的評估利生妥®聯合BTK抑制劑治療既往接受BTK抑制劑治療超過12個月且應答不佳的CLL/SLL患者的GLORA研究;評估利生妥®一線治療初治CLL/SLL患者的GLORA-2研究;評估利生妥®一線治療新診斷老年或不耐受的AML患者的GLORA-3研究;以及獲美國FDA和歐洲EMA許可的評估利生妥®一線治療新診斷中高危MDS患者的GLORA-4研究。

憑借強大的研發能力,亞盛醫藥已在全球範圍內進行知識產權佈局,並與武田、阿斯利康、默沙東、輝瑞、信達等眾多領先的生物製藥公司達成全球合作,同時與丹娜法伯癌症研究院、梅奧醫學中心、美國國家癌症研究所和密西根大學等學術機構建立研發合作關係。如需瞭解更多信息,請訪問 https://ascentage.com/

前瞻性聲明

本新聞稿包含根據美國《1995年私人證券訴訟改革法案》,以及經修訂的《1933年證券法》第27A條和《1934年證券交易法》第21E條所界定的前瞻性陳述。除歷史事實陳述外,本新聞稿中的所有內容均可能構成前瞻性陳述,包括亞盛醫藥對未來事件、經營成果或財務狀況所發表的意見、預期、信念、計劃、目標、假設或預測。

這些前瞻性陳述受到諸多風險和不確定性的影響,具體內容已在亞盛醫藥向美國證券交易委員會(SEC)提交的文件中詳細說明,包括2025年1月21日提交的經修訂的F-1表格註冊說明書和2025年4月16日提交的20-F表格中的風險因素關於前瞻性聲明的警示聲明章節、2019年10月16日提交的首次發行上市招股書中的前瞻性聲明風險因素章節,以及我們不時向SEC或HKEX提交的其他文件。這些因素可能導致實際業績、運營水平、經營成果或成就與前瞻性陳述中明示或暗示的信息存在重大差異。本前瞻性聲明中的陳述不構成公司管理層的利潤預測。

因此,該等前瞻性陳述不應被視為對未來事件的預測。本新聞稿中的前瞻性陳述僅基於亞盛醫藥當前對未來發展及其潛在影響的預期和判斷,且僅代表截至陳述發表之日的觀點。無論出現新信息、未來事件或其他情況,亞盛醫藥均無義務更新或修訂任何前瞻性陳述。

Information Provided by PR Newswire [Disclaimer]
10:00
NVIDIA Jensen Huang Boards Air Force One in Alaska to Accompany Trump on China Visit: Sources

NVIDIA Corporation (NVDA.US) CEO Jensen Huang boarded Air Force One in Alaska, joining more than a dozen US corporate CEOs to participate in US President Donald Trump's visit to China this week, foreign media reported, citing people with the knowledge of the matter.

Huang did not appear on a preliminary list of senior attendees previously provided by the White House. A US official said last month that NVIDIA's high-performance H200 chips have not yet been sold to China owing to difficulties in obtaining approval from the Chinese government. The White House has not responded to the matter.
~

AASTOCKS Financial News
Website: www.aastocks.com

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08:00
Kelun-Biotech Receives Investigational New Drug Approval from CDE for SKB118, a PD-1 x VEGF Bispecific Antibody

CHENGDU, China, May 12, 2026 /PRNewswire/ -- Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. ("Kelun-Biotech" or the "Company", 6990.HK) announced that it has received a clinical trial notice from the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) approving the Investigational New Drug (IND) application for PD-1 x VEGF bispecific antibody SKB118 (also known as CR-001) for the treatment of advanced solid tumors.

In December 2025, Kelun-Biotech and Crescent Biopharma ("Crescent") entered into a strategic collaboration for SKB118/CR-001. Under the collaboration, Crescent granted Kelun-Biotech exclusive rights to research, develop, manufacture and commercialize SKB118/CR-001 in Greater China (including Mainland China, Hong Kong, Macau, and Taiwan). In January 2026, Crescent announced the regulatory clearance of the IND application for SKB118/CR-001 by the U.S. Food and Drug Administration (FDA) to initiate its global ASCEND Phase I/II clinical trial (NCT07335497) for the treatment of locally advanced or metastatic solid tumors. The trial is ongoing and expected to initially enroll up to 290 patients.

Dr. Michael Ge, CEO of Kelun-Biotech, stated: "We are pleased to see the approval of the IND application for SKB118 in China, which marks the simultaneous advancement of clinical development in China and globally. Since entering into the collaboration with Crescent, we have worked closely and leveraged complementary advantages with each other to efficiently drive the R&D of the collaborative product candidates. Based on our ADC+IO strategies, we will actively explore the potential of combining SKB118 with our proprietary ADC assets to unlock the synergistic value of our portfolio and expand more treatment possibilities for cancer patients."

About SKB118 (also known as CR-001)

SKB118 is a tetravalent bispecific antibody being developed for the treatment of solid tumors that combines two complementary, validated mechanisms in oncology via a blockade of PD-1 and VEGF. PD-1 checkpoint inhibition is aimed at restoring T cells' ability to recognize and destroy tumor cells, and blocking VEGF is intended to reduce blood supply to tumor cells and to inhibit tumor growth. In preclinical studies, SKB118 demonstrated cooperative pharmacology with increased binding to PD-1 and signal blockade in the presence of VEGF as well as robust anti-tumor activity. SKB118's anti-VEGF activity may also normalize the vasculature at the tumor site, which has the potential to improve the localization and effectiveness of combination therapies, such as in combination with antibody-drug conjugates (ADCs).

About Kelun-Biotech

Kelun-Biotech (6990.HK) is a holding subsidiary of Kelun Pharmaceutical, which focuses on the R&D, manufacturing, commercialization and global collaboration of innovative biological drugs and small molecule drugs. Kelun-Biotech focuses on major disease areas such as solid tumors, autoimmune, and metabolic diseases, and in establishing a globalized drug development and industrialization platform to address the unmet medical needs in China and the rest of world. Kelun-Biotech is committed to becoming a leading global enterprise in the field of innovative drugs. At present, Kelun-Biotech has more than 30 ongoing key innovative drug projects, of which 4 projects with 8 indications have been approved for marketing, 1 project is in the NDA stage and more than 10 projects are in the clinical stage. Kelun-Biotech has established one of the world's leading proprietary ADC and novel DC platforms, OptiDC™, and has 2 ADC projects with 5 indications approved for marketing, and multiple ADC and novel DC assets in clinical or preclinical research stage. For more information, please visit https://en.kelun-biotech.com/

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