腾讯Q1资本开支275亿元同比增长91%，马化腾：AI投入将产生长期可观的增量回报_老虎社区_美港股上老虎

腾讯Q1资本开支275亿元同比增长91%，马化腾：AI投入将产生长期可观的增量回报

新浪科技2025-05-14

新浪科技讯 5月14日下午消息，今日，腾讯2025年一季报显示，公司实现经营利润（Non-IFRS）693亿元，同比增长18%。核心业务的高质量增长为AI战略长线布局提供了坚实基础，推动公司持续加大AI领域投入。报告期内，腾讯研发支出达189.1亿元，同比增长21%；资本开支274.8亿元，同比增幅达91%。　　在C端市场，AI已全面渗透腾讯用户场景：原生AI产品元宝借助混元+DeepSeek...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

暂无评论

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2535503011?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-05-14 16:54","share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","id":"2535503011","market":"sh","top_or_hot":-1,"title":"腾讯Q1资本开支275亿元同比增长91%，马化腾：AI投入将产生长期可观的增量回报","media":"新浪科技","content":"<div>\n<p>新浪科技讯 5月14日下午消息，今日，腾讯2025年一季报显示，公司实现经营利润（Non-IFRS）693亿元，同比增长18%。核心业务的高质量增长为AI战略长线布局提供了坚实基础，推动公司持续加大AI领域投入。报告期内，腾讯研发支出达189.1亿元，同比增长21%；资本开支274.8亿元，同比增幅达91%。\n　　在C端市场，AI已全面渗透腾讯用户场景：原生AI产品元宝借助混元+DeepSeek...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/2025-05-14/doc-inewpmqw6057932.shtml\">网页链接</a>\n\n</div>\n","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>腾讯Q1资本开支275亿元同比增长91%，马化腾：AI投入将产生长期可观的增量回报</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n腾讯Q1资本开支275亿元同比增长91%，马化腾：AI投入将产生长期可观的增量回报\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-14 16:54 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/tech/2025-05-14/doc-inewpmqw6057932.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新浪科技讯 5月14日下午消息，今日，腾讯2025年一季报显示，公司实现经营利润（Non-IFRS）693亿元，同比增长18%。核心业务的高质量增长为AI战略长线布局提供了坚实基础，推动公司持续加大AI领域投入。报告期内，腾讯研发支出达189.1亿元，同比增长21%；资本开支274.8亿元，同比增幅达91%。\n　　在C端市场，AI已全面渗透腾讯用户场景：原生AI产品元宝借助混元+DeepSeek...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/2025-05-14/doc-inewpmqw6057932.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1589","symbol_name":"北水核心资产","start_time":0,"source_url":"https://finance.sina.com.cn/tech/2025-05-14/doc-inewpmqw6057932.shtml","article_id":"2535503011","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535503011","pubTimestamp":1747212840,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"新浪科技讯 5月14日下午消息，今日，腾讯2025年一季报显示，公司实现经营利润 693亿元，同比增长18%。核心业务的高质量增长为AI战略长线布局提供了坚实基础，推动公司持续加大AI领域投入。报告期内，腾讯研发支出达189.1亿元，同比增长21%；资本开支274.8亿元，同比增幅达91%。","collect":0,"end_time":0,"defaultTopTitle":"sina.com.cn","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK1589":"北水核心资产","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU2293587155.HKD":"ALLIANZ ORIENTAL INCOME \"AT\" (HKD) ACC","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0106259558.USD":"SCHRODER ISF ASIAN OPPORTUNITIES \"A\" ACC","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","TCEHY":"腾讯控股ADR","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0051755006.USD":"摩根大通中国A (dist)","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU0594300419.USD":"富达中国消费基金A","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","BK1608":"元宇宙概念","00700":"腾讯控股","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU1733274473.HKD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (HKD) INC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU1568876335.HKD":"ALLIANZ CHINA MULTI INCOME PLUS \"AMG\" (HKD) INC","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU1048484197.HKD":"ALLIANZ CHINA MULTI INCOME PLUS \"AT\" (HKD) ACC","HTCD.SI":"Tencent HK SDR 10to1","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU1044875133.USD":"天利亚洲反向股票 AU Acc","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0708995153.HKD":"TEMPLETON EMERGING MARKETS \"A\" (HKD) ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC"},"translate_title":"Tencent's Q1 capital expenditure was 27.5 billion yuan, a year-on-year increase of 91%, Pony Ma: AI investment will generate long-term considerable incremental returns","themeId":"f7e2966b0f8eb6df3b2bc2b06d9de07b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1,"HTCD.SI":0.6,"TCHmain":0.6,"TCEHY":1},"content_text":"新浪科技讯 5月14日下午消息，今日，腾讯2025年一季报显示，公司实现经营利润（Non-IFRS）693亿元，同比增长18%。核心业务的高质量增长为AI战略长线布局提供了坚实基础，推动公司持续加大AI领域投入。报告期内，腾讯研发支出达189.1亿元，同比增长21%；资本开支274.8亿元，同比增幅达91%。\n　　在C端市场，AI已全面渗透腾讯用户场景：原生AI产品元宝借助混元+DeepSeek双引擎驱动，用户规模显著增长；同时，微信、QQ、腾讯文档、QQ浏览器、腾讯会议、理财通等核心产品，通过AI能力深度整合，智能化体验持续升级。在产业端，腾讯通过API、SDK开放AI、云计算等核心技术，助力千行百业效率提升。\n　　技术突破领域，腾讯混元大模型不断进化。今年推出的深度思考模型T1和快思考基座模型Turbo S，在多项国际基准测试中取得优异成绩。同时，腾讯混元在生成式AI领域持续创新，图片、视频及3D生成模型迭代升级，最新版3D生成模型在几何表现和建模精细度上实现重大突破，精度提升超过10倍。\n　　董事会主席兼首席执行官马化腾表示：“二零二五年第一季，我们的高质量收入保持坚实的增长态势。AI能力已经对效果广告与长青游戏等业务产生了实质性的贡献。我们亦加大了对元宝应用与微信内的AI等新AI机遇的投入。我们相信，在AI战略投入阶段，现有高质量收入带来的经营杠杆，将有助于消化这些AI相关投入产生的额外成本，保持财务稳健。我们预期，这些战略性的AI投入将为用户与社会创造价值，并为我们产生长期、可观的增量回报。”（罗宁）\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：何俊熹","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}