里昂发布研报称，预期腾讯控股（00700）将继续实现稳健的收入增长，但人工智能投资或拖累2026年利润率。该行估计腾讯首季总收入同比增长11%至2，000亿元人民币，经调整EBIT同比增长10%至760亿元人民币。期内网上游戏收入预计同比增长12.9%，受惠于《王者荣耀》、《和平精英》及《三角洲行动》等游戏表现强劲；广告收入反弹至同比增长约20%；金融科技及
disaster response right after the earthquake. Rescue teams, including emergency management staff, police, firefighters, and professional work groups, were dispatched to carry out missing person searc
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