Update date
31 Dec 2024
Shareable Research Card
TME - Tencent Music Entertainment Group Research And Development Expense
This metric view shows TME - Tencent Music Entertainment Group research and development expense history from SEC company facts.
Use it to verify the latest reported value, compare nearby periods, and jump to a cross-company ranking when a curated insight exists.
- Context
- Latest reported period: 2024
- Latest reported value
- ¥2,280,000,000
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Values may differ by reporting period and company taxonomy.
Return Loop
Why revisit this metric view
This metric history becomes more useful after the next quarterly or annual filing because the latest reported value, period, and company comparison context can all change.
- Latest source-backed update
- Latest period end 31 Dec 2024
- Why come back
- Return after the next filing to verify whether this metric changed and how it compares with the ranking page.
- Current latest reported period: 2024.
- Latest reported value on this page: ¥2,280,000,000.
- Save this filer if you want to compare the next reported value with this history.
Metric freshness comes from the latest SEC company fact available for this taxonomy tag and the paired company facts page.
Latest update
Latest update for Research And Development Expense
Latest reported research and development expense: ¥2,280,000,000. Open the source-backed page to compare this metric with the newest filing-backed context.
Page type
Metric history
Latest period
2024
SEC-backed company facts were refreshed from filings filed on 23 Apr 2025.
Benchmark Context
How Research And Development Expense compares with peers
Tencent Music Entertainment Group sits in the upper half of the current research and development expense sample.
Compared with
Compared with 9 companies reporting research and development expense in CNY. This keeps the comparison on the same metric and unit family.
Why this is notable
This is about 2.4x the current sample midpoint. Research And Development Expense is down about 9.7% versus the comparable prior period.
- Visible rows currently span reported period ends from 31 Dec 2022 to 31 Dec 2024.
- Nearby companies in this sample: DiDi Global Inc. and CHINA YUCHAI INTERNATIONAL LTD.
- Current sample position: rank #3 of 9 comparable companies.
- Peer rows use the latest valid value per company for this exact metric and compatible units.
Peer comparisons use the same metric and compatible units only. Latest reported periods may differ across companies, so open each company page before drawing conclusions.
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Financial Metric Page
Tencent Music Entertainment Group: Research And Development Expense
Latest period: 2024. Period end: 31 Dec 2024. Units: CNY. Frequency: annual.
Research And Development Expense is an SEC-reported metric from company XBRL facts.
Metric Snapshot
- Latest value
- ¥2,280,000,000
- Coverage range
- 31 Dec 2016 - 31 Dec 2024
- Fact rows
- 9
What This Metric Tells You
- Shows the reported level of research and development expense over 31 Dec 2016 - 31 Dec 2024.
- Includes year-over-year change points to highlight acceleration or slowdown.
- Built from 9 SEC fact rows for this metric and issuer.
How To Read This Chart
- Start with the latest point, then compare it with the prior periods to see direction.
- Use annual sequence to compare like-for-like periods.
- Use YoY change bars to separate growth from contraction across matching periods.
Official SEC Source
Source: SEC Company Facts
Based on company facts extracted from SEC 10-Q/10-K XBRL filings where available. Reporting periods may differ by company.
Direct filing link is shown only when a matched SEC filing document is available for this metric context.
Compare This Metric Across Companies
Compare latest available Research And Development Expense levels across SEC-reporting companies, then open each company metric page for SEC-backed verification. Reporting periods may differ by company.
Tencent Music Entertainment Group appears at rank #3 in the latest comparison sample.
| Rank | Company | Latest value | Reported period | Next step |
|---|---|---|---|---|
| 1 | PETROCHINA CO LTD (pccyf) | ¥20,016,000,000 | Year - 31 Dec 2022 | Open PETROCHINA CO LTD Research And Development Expense |
| 2 | DiDi Global Inc. (didiy) | ¥7,753,961,000 | Year - 31 Dec 2024 | Open DiDi Global Inc. Research And Development Expense |
| 3 | Tencent Music Entertainment Group (tme) | ¥2,280,000,000 | Year - 31 Dec 2024 | Open Tencent Music Entertainment Group Research And Development Expense |
| 4 | CHINA YUCHAI INTERNATIONAL LTD (cyd) | ¥984,659,000 | Year - 31 Dec 2024 | Open CHINA YUCHAI INTERNATIONAL LTD Research And Development Expense |
| 5 | ASCENTAGE PHARMA GROUP INTERNATIONAL (aapg) | ¥947,245,000 | Year - 31 Dec 2024 | Open ASCENTAGE PHARMA GROUP INTERNATIONAL Research And Development Expense |
| 6 | Connect Biopharma Holdings Ltd (cntb) | ¥652,211,000 | Year - 31 Dec 2022 | Open Connect Biopharma Holdings Ltd Research And Development Expense |
Metric Details
- Metric
- Research And Development Expense (ResearchAndDevelopmentExpense)
- Taxonomy
- ifrs-full
- Units tracked
- CNY
- Frequency coverage
- annual
- History range
- 31 Dec 2016 - 31 Dec 2024
- Facts on this page
- 9
- Metric-level SEC endpoint
- Open SEC company concept
Chart Context
Compare periods with the same frequency first, then use YoY and TTM series to confirm whether changes are structural or one-off.
Research And Development Expense, Annual (CNY)
Research And Development Expense, YoY Annual Change (%)
Tencent Music Entertainment Group Annual Research And Development Expense (CNY)
| Period | Value | YoY Chg | Change % | Start Date | End Date | Report | Filed | Fiscal Year | Fiscal Period |
|---|---|---|---|---|---|---|---|---|---|
| 2024 | ¥2,280,000,000 | -¥245,000,000 | -9.7% | 01 Jan 2024 | 31 Dec 2024 | 20-F | 23 Apr 2025 | 2024 | FY |
| 2023 | ¥2,525,000,000 | -¥55,000,000 | -2.1% | 01 Jan 2023 | 31 Dec 2023 | 20-F | 23 Apr 2025 | 2024 | FY |
| 2022 | ¥2,580,000,000 | +¥241,000,000 | +10% | 01 Jan 2022 | 31 Dec 2022 | 20-F | 23 Apr 2025 | 2024 | FY |
| 2021 | ¥2,339,000,000 | +¥672,000,000 | +40% | 01 Jan 2021 | 31 Dec 2021 | 20-F | 18 Apr 2024 | 2023 | FY |
| 2020 | ¥1,667,000,000 | +¥508,000,000 | +44% | 01 Jan 2020 | 31 Dec 2020 | 20-F | 25 Apr 2023 | 2022 | FY |
| 2019 | ¥1,159,000,000 | +¥222,000,000 | +24% | 01 Jan 2019 | 31 Dec 2019 | 20-F | 26 Apr 2022 | 2021 | FY |
| 2018 | ¥937,000,000 | +¥140,000,000 | +18% | 01 Jan 2018 | 31 Dec 2018 | 20-F | 09 Apr 2021 | 2020 | FY |
| 2017 | ¥797,000,000 | +¥348,000,000 | +78% | 01 Jan 2017 | 31 Dec 2017 | 20-F | 25 Mar 2020 | 2019 | FY |
| 2016 | ¥449,000,000 | 01 Jan 2016 | 31 Dec 2016 | 20-F | 19 Apr 2019 | 2018 | FY |
* An asterisk sign (*) next to the value indicates that the value is likely invalid.