13:17     TENCENT<00700> - Results Announcement (1)                           

    Tencent Holdings Limited announced on 17/03/2005:                         
    (stock code: 00700 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 1,143,533          734,957           
    Profit/(Loss) from Operations      : 459,824            336,205           
    Finance income, net                : 9,412              2,004             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 446,702            322,196           
    % Change over Last Period          : +38.6     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.293              0.244             
             -Diluted (in dollars)     : 0.287              0.244             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 446,702            322,196           
    Final Dividend                     : HK$0.07            N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 21/04/2005         to 27/04/2005 bdi.
    Payable Date                       : 17/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 21/04/2005         to 27/04/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.        Basis of preparation and presentation                           
                                                                              
    The consolidated financial statements of the Group have been prepared in  
    accordance with International Financial Reporting Standards ("IFRS") under
    the historical cost convention, modified by the revaluation of financial  
    instruments held for trading.                                             
                                                                              
    The preparation of financial statements in conformity with generally      
    accepted accounting principles requires the use of estimates and          
    assumptions that affect the reported amounts of assets and liabilities and
    disclosure of contingent assets and liabilities at the date of the        
    financial statements and the reported amounts of revenues and expenses    
    during the reporting period. Although these estimates are based on        
    management's best knowledge of current events and actions, actual results 
    ultimately may differ from those estimates.                               
                                                                              
    These financial statements should be read in conjunction with the         
    Accountants' Report and audited financial statements of the Group for the 
    three years ended 31 December 2003 and the three months ended 31 March    
    2004  for inclusion in the prospectus of the Company dated 7 June 2004 in 
    connection with the initial listing of the shares on the Main Board of The
    Stock Exchange of Hong Kong Limited (the "Stock Exchange").               
                                                                              
    During the year, certain changes were introduced to IFRS, which include   
    IFRS3 "Business Combinations", IAS36 "Impairment of Assets" and IAS38 "   
    Intangible Assets".  These changes do not have material impact on the     
    financial statements of the Group in 2004.                                
                                                                              
    2.            Earnings per share                                          
                                                                              
    Basic earnings per share is calculated by dividing the net profit by the  
    weighted average number of ordinary shares in issue during the year.      
                                                                              
                                                 2004            2003         
                                              RMB'000         RMB'000         
    Net profit                                446,702         322,196         
                                            ----------------------------      
    Weighted average number of ordinary shares in issue (thousands) (note )   
                                                 1,523,376       1,321,151    
                                                                              
    Basic earnings per share (RMB per share) (note )                          
                                                0.293           0.244