Tencent: Tencent Announces 2021 First Quarter Results 1Q2021 Total r [2]), an increase of 25% over the first quarter of 2020 ("YoY"). On a non-IFRS basis , which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: Operating profit was RMB42.8 billion (USD6.5 billion), an increase of 20% YoY. Operating margin decreased to 32% from 33% last year. Profit for the period was RMB34.5 billion (USD5.3 billion), an increase of 23% YoY. Net margin remained stable at 26%. Profit attributable to equity holders of the Company for the quarter was RMB33.1 billion (USD5.0 billion), an increase of 22% YoY. Basic earnings per share were RMB3.481. Diluted earnings per share were RMB3.415.