perfect world's net loss in the first half of the year was 177 million
2024-08-29
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china youth network news(reporter zhang yayun, intern li shiyu) on august 26, perfect world disclosed its 2024 first-half performance report on the shenzhen stock exchange. in the first half of this year, perfect world achieved operating income of 2.76 billion yuan, a year-on-year decrease of 38.12%, and net profit attributable to the parent company was -177 million yuan, a year-on-year decrease of 146.55%.
public information shows that perfect world is a global cultural and entertainment industry group that focuses on the r&d, distribution and operation of online games, while also developing film and television businesses such as tv series and short drama production. perfect world was founded in 2004 and listed on the nasdaq in the united states in 2007.
in the first half of the year, the operating income of perfect world's game business was 2.65 billion yuan, a year-on-year decrease of 27.28%; the net profit attributable to shareholders of the listed company was -166 million yuan, and the net profit after deducting non-recurring gains and losses was -155 million yuan. in this regard, perfect world explained that "several games in operation are aimed at long-term operation, and continue to update content and carry out fine marketing, but due to the impact of the product life cycle, the turnover naturally fell compared with the first half of 2023, and the corresponding performance fell year-on-year" and other reasons.
in the first half of the year, perfect world's film and television business had operating income of 89.6046 million yuan and net profit attributable to the parent was 88.9574 million yuan, which included non-recurring gains and losses such as proceeds from the disposal of universal pictures' film list assets and investment losses of invested companies. after deducting such non-recurring gains and losses, the net profit of the film and television business was -17.6174 million yuan.
looking at individual quarters, the company's operating income in the first and second quarters of this year was rmb 1.329 billion and rmb 1.431 billion, respectively, down 30.19% and 44.02% year-on-year; its net profit was rmb -30 million and rmb -147 million, respectively, and its non-net profit was rmb -158 million and rmb -77 million, respectively.
regarding the reasons for the decrease in total revenue, perfect world stated that it was mainly due to the fact that fewer new games were launched during the reporting period, and recharges for old games declined due to the product life cycle, resulting in a year-on-year decrease in game revenue of 7.28%; at the same time, there were fewer film and television works broadcast and revenue confirmed during the reporting period, resulting in a year-on-year decrease in film and television revenue of 88.28%.
in the first half of the year, perfect world was exposed to large-scale layoffs. this seems to be related to perfect world's 2024 mid-year financial report. the reporter found that in the first half of the year, perfect world's employee salaries decreased by 110 million yuan compared with the same period last year; "employee salaries" increased by 120 million yuan compared with the same period last year. in response, perfect world explained that the increase in employee salaries in the reporting period compared with the same period last year was mainly due to the sorting out of the talent echelon and personnel optimization during the reporting period. the resulting compensation expenses were included in management expenses in accordance with the relevant provisions of the enterprise accounting standards.
in the secondary market, as of the close of august 27, perfect world fell 2.04% to 7.22 yuan per share, down 0.15 yuan from the previous trading day, with a total market value of 14.007 billion yuan.
(source: china youth network)
