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Taxation (Tables) | 12 Months Ended
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Dec. 31, 2020
Taxation |
Schedule of the combined effects of EIT exemptions and tax rate reductions | The following table presents the combined effects of EIT exemptions and tax rate reductions enjoyed by the Group for the years ended December 31, 2018, 2019 and 2020 (in thousands except per share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2018 |  | 2019 |  | 2020
​ | ​ | RMB | ​ | RMB | ​ | RMB
Aggregate amount of EIT exemptions and tax rate reductions |  | 1,621,063 |  | 1,665,199 |  | 1,969,414
Earnings per share effect, basic |  | 0.50 |  | 0.52 |  | 0.60
Earnings per share effect, diluted |  | 0.50 |  | 0.51 |  | 0.59
​
Schedule of component of income tax expenses | The following table sets forth the component of income tax expenses of the Group for the years ended December 31, 2018, 2019 and 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2018 |  | 2019 |  | 2020
​ | ​ | RMB | ​ | RMB | ​ | RMB
Current tax expense |  | 2,531,271 |  | 2,764,097 |  | 2,953,670
Deferred tax (benefit)/expense |  | (70,621) |  | 150,629 |  | 88,179
Income tax expenses |  | 2,460,650 |  | 2,914,726 |  | 3,041,849
Schedule of reconciliation of the differences between the statutory income tax rate and the Group's effective income tax rate | The following table presents a reconciliation of the differences between the statutory income tax rate and the Group’s effective income tax rate for the years ended December 31, 2018, 2019 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2018 |  | 2019 |  | 2020
​ | ​ | % | ​ | % | ​ | %
Statutory income tax rate |  | 25.0 |  | 25.0 |  | 25.0
Permanent differences |  | (0.1) |  | (2.8) |  | (1.9)
Effect due to different tax rates applicable to overseas entities |  | 2.8 |  | (0.9) |  | (0.5)
Effect of lower tax rate applicable to Software Enterprises, Key Software Enterprise and HNTEs |  | (19.4) |  | (13.6) |  | (16.5)
Change in valuation allowance |  | 7.8 |  | 4.9 |  | 6.8
Effect of withholding income tax |  | 6.1 |  | 5.2 |  | 6.9
Effective income tax rate |  | 22.2 |  | 17.8 |  | 19.8
Summary of net operating tax loss carry forwards | As of December 31, 2020, certain entities of the Group had net operating tax loss carry forwards as follows (in thousands): ​
​ | ​ | ​
​ |  | RMB
Loss expiring in 2021 |  | 163,916
Loss expiring in 2022 |  | 833,766
Loss expiring in 2023 |  | 3,602,358
Loss expiring in 2024 | ​ | 3,220,185
Loss expiring after 2025 |  | 4,807,464
​ |  | 12,627,689
​
Schedule of tax impact of significant temporary differences that give rise to the deferred tax assets and liabilities | The following table presents the tax impact of significant temporary differences that give rise to the deferred tax assets and liabilities as of December 31, 2019 and 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2019 | ​ | 2020
​ | ​ | RMB | ​ | RMB
Deferred tax assets: | ​ | ​ | ​ | ​
Deferred revenue, primarily for advanced payments from online games customers |  | 484,637 |  | 624,565
Accruals |  | 478,484 |  | 547,591
Depreciation of fixed assets |  | 4,827 |  | 6,911
Amortization of intangible assets |  | 9,360 |  | 6,623
Net operating tax loss carry forward |  | 2,075,475 |  | 3,156,923
​ |  | 3,052,783 |  | 4,342,613
Less: valuation allowance |  | (2,148,879) |  | (3,255,854)
Total |  | 903,904 |  | 1,086,759
​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2019 | ​ | 2020
​ | ​ | RMB | ​ | RMB
Deferred tax liabilities: | ​ | ​ | ​ | ​
Withholding income tax(d) |  | 382,030 |  | 621,204
Others |  | — |  | 92,235
Total |  | 382,030 |  | 713,439
​
Schedule of movement of the aggregate valuation allowances for deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Balance at |  | Provision/(Write-off) |  | Balance at
​ | ​ | January 1 | ​ | for the year | ​ | December 31
​ | ​ | RMB | ​ | RMB | ​ | RMB
2018 |  | 472,389 | ​ | 797,226 | ​ | 1,269,615
2019 |  | 1,269,615 | ​ | 879,264 | ​ | 2,148,879
2020 |  | 2,148,879 | ​ | 1,106,975 | ​ | 3,255,854

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