Lei Jianping on April 15
Perfect World Co., Ltd. ("Perfect World") announced its financial results today. According to the financial report, Perfect World's revenue in 2023 will be 7.791 billion yuan, an increase of 1.57% from 7.67 billion yuan in the same period of the previous year. However, it is still significantly lower than the 8.52 billion yuan in 2021.
In 2023, Perfect World's net profit attributable to shareholders of listed companies was RMB491 million, down 64.3% from RMB1.377 billion in the same period last year, and non-net profit was RMB210 million, down 69.56% from RMB691 million in the same period last year.
During the Reporting Period, Perfect World's non-recurring profit and loss was RMB281 million, which was mainly composed of fair value change gains from global film lists, fair value change losses and disposal losses caused by changes in the operating conditions of the invested companies, and government subsidies.
Among them, Perfect World's revenue in the fourth quarter of 2023 was 1.595 billion yuan, the net loss was 123 million yuan, and the net loss after deducting non-profits was 247 million yuan.
The annual revenue of games was 6.669 billion, down 7.9% year-on-year
During the reporting period, Perfect World's game business achieved operating income of RMB6.669 billion, down 7.91% from the same period last year, net profit attributable to shareholders of listed companies of RMB490 million, down 69.21% from the same period last year, and non-net profit of RMB456 million, down 57.74% from the same period last year.
During the reporting period, due to the impact of the game product development cycle, the company launched fewer new games, and several games in operation continued to achieve long-term operation through content updates and refined marketing, but due to the impact of the natural life cycle, the turnover decreased compared with 2022, and the corresponding performance contribution decreased year-on-year.
According to Perfect World, in order to promote the efficient operation of the game business, the company has implemented a flatter management model for the game development team to improve the efficiency of resource use and project output. The company spun off the original project center into an independent studio, reporting directly to the head of the game business, while the three middle platforms of technology, art and data continue to empower the game project, and the distribution center provides project support.
The company will take this organizational structure adjustment as an opportunity to shorten the decision-making chain, reduce communication nodes, improve the efficiency of resource allocation, and further lay a solid foundation for the transformation and upgrading of the game business.
During the reporting period, the company's film and television business achieved operating income of 1.034 billion yuan, an increase of 222.46% over the same period of last year, net profit attributable to shareholders of listed companies of about 93 million yuan, an increase of about 39% over the same period of last year, and net loss attributable to shareholders of listed companies after deducting non-recurring gains and losses of about 82 million yuan, narrowing the loss over the same period last year, which mainly came from credit impairment losses arising from receivables.
During the reporting period, the company adhered to the high-quality content route, focusing on the strategy of "improving quality and reducing quantity", and broadcast high-quality TV series such as "Stars Fall into Sugar", "All Wishes Come True", "The Legend of Yunxiang", "Warm and Sweet", "Protecting the Heart", "Chasing the Light", "Agent Mission", "Welcome to McNugget Village" and other high-quality TV series.
In addition, the company's film and television works such as "May You Have a Good Time", "Only This Jianghu Dream", "Red Heat", "Happy Grass", "Good Luck", "A Thousand Peach Blossoms Bloom", "The Night is Thick", "In Your Time", "Shhhhh
Hong Kong Securities Clearing Company Limited significantly reduced its holdings
As of December 31, 2023, Perfect World Holdings Group Co., Ltd. held 22.32% of the shares, Chi Yufeng held 7.69% of the shares, Hong Kong Securities Clearing Co., Ltd. held 6.08% of the shares, and Tianjin Dongfu Ruijin Investment Management Center (Limited Partnership) held 5% of the shares.
As of December 31, 2023, Perfect World's shareholding structure
Shihezi Happy Permanent Equity Investment Co., Ltd. holds 2.35% of the shares, and China Minsheng Bank Co., Ltd. - China China Securities Animation and Game Trading Open-ended Index Securities Investment Fund holds 1.14% of the shares;
Perfect World Co., Ltd. - 0.48% of the shares held by the 2021 Employee Stock Ownership Plan, 0.47% of the shares held by Industrial and Commercial Bank of China Co., Ltd. - GF CSI Media Exchange-traded Open-ended Index Securities Investment Fund, and Shanghai Pudong Development Bank Co., Ltd
Guotai CSI Animation & Game ETF holds 0.38% of the shares, and Agricultural Bank of China Co., Ltd. – CSI 500 ETF holds 0.38%.
Ji Yufeng controls a total of 32.36% of the shares.
As of June 30, 2023, Perfect World Holdings Group Co., Ltd. held 22.37% of the shares, Hong Kong Securities Clearing Co., Ltd. held 9.15% of the shares, Chi Yufeng held 7.69% of the shares, and Tianjin Dongfu Ruijin Investment Management Center (Limited Partnership) held 5% of the shares.
Shihezi Happy Permanent Equity Investment Co., Ltd. holds 2.35% of the shares, China Minsheng Bank Co., Ltd. - China China Securities Animation and Game Exchange-traded Open-ended Index Securities Investment Fund holds 1.21% of the shares, and Qian Guiying holds 0.56% of the shares;
As of June 30, 2023, Perfect World's shareholding structure
Perfect World Co., Ltd. holds 0.48% of the shares of the 2021 Employee Stock Ownership Plan, 0.47% of the shares of Industrial and Commercial Bank of China Co., Ltd.-GF CSI Media ETF, and 0.4% of the shares of Taiping Asset-CCB-Taiping Asset Convertible Bond No. 1 Asset Management Product.
The comparison can be found that in the past six months, Hong Kong Securities Clearing Co., Ltd. reduced its holdings by 3.07 percentage points, and Qian Guiying withdrew from the top ten shareholders.
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