Financial Performance Review
Non-IFRS Adjustments
Net (gains)/
Amortisation
In billion RMB
IFRS
2Q2023
SBC
losses from
investee
companies1
of intangible
assets
Impairment
provisions/
(reversals)²
SSV &
Others4
Tax effect
СРР3
Non-IFRS
2Q2023
YoY change QoQ change
Operating profit
40.3
5.6
(0.2)
0.9
0.1
0.4
3.0
50.1
+37%
+4%
Net profit
27.0
6.9
(0.3)
2.3
0.2
0.4
3.0
(0.9)
38.6
+33%
+15%
Net profit attributable
to equity holders
26.2
6.7
(0.2)
2.1
0.2
0.4
3.0
(0.9)
37.5
+33%
+15%
Operating margin
27.0%
33.6%
+6.2ppt
+1.3ppt
Net margin
18.1%
25.9%
+4.3ppt +3.6ppt
Note:
1. 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.
2. Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions.
3. Mainly including donations and expenses incurred for the Group's Sustainable Social Value & Common Prosperity Programme initiatives.
4. Primarily non-recurring compliance-related costs (including the fine imposed by the PBOC on Tenpay which was disclosed in our announcement dated 7 July 2023) and expenses incurred for certain
litigation settlements of the Group
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