申万宏源指出，9月10日云音乐调入港股通名单。在线音乐作为小确幸消费，其抗周期能力得到验证，具备较好景气；而在线音乐的一超一强(腾讯音乐、云音乐)格局清晰且稳定。由于TME(腾讯音乐)未进港股通，对内资机构而言云音乐是音乐赛道的稀缺选择。开源证券表示，看好公司毛利率提升继续驱动盈利能力提升。厂牌曲库、独立音乐曲库不断扩充，长音频等多元化内容有望驱动公司长期成长。Tencent Music (09899) rose more than 6%, as of the deadline, it increased by 6.21%, closing at 100.9 Hong Kong dollars, with a turnover of 0.61 billion Hong Kong dollars.
According to the app of China Finance and Economics, Tencent Music (09899) rose more than 6%, as of the deadline, it increased by 6.21%, closing at 100.9 Hong Kong dollars, with a turnover of 0.61 billion Hong Kong dollars.
On the news front, in the first half of this year, Tencent Music achieved revenue of approximately 4.07 billion yuan, a year-on-year increase of 4.1%; gross profit of approximately 1.426 billion yuan, a year-on-year increase of 47.7%; adjusted net income of approximately 0.881 billion yuan, a year-on-year increase of 165.4%; net income attributable to equity holders of the company of approximately 0.81 billion yuan, a year-on-year increase of 175.69%. Among them, online music service revenue increased by 26.6% to 2.56 billion yuan, and membership subscription sales revenue increased to 2.144 billion yuan.
Swhy pointed out that Tencent Music was included in the Hong Kong stock through train list on September 10th. Online music, as a small pleasure consumption, has its countercyclical ability verified, with a relatively good business outlook; and the clear and stable pattern of one strong player (Tencent Music, Tencent Music) in online music. Since TME (Tencent Music) has not entered the Hong Kong through train, Tencent Music is a rare choice in the music track for domestic institutions. Open-source Securities stated that they are bullish on the company's gross margin improvement to continue to drive profit growth. The expansion of label music libraries, independent music libraries, and diversified content such as long audio are expected to drive the company's long-term growth.