PWRD(002624)2025-01-17 14:15Financial Performance - The company expects a net loss attributable to shareholders for 2024 to be between 1.1 billion and 1.3 billion CNY, compared to a profit of 491.48 million CNY in the same period last year[3]. - The projected operating revenue for 2024 is estimated to be between 5.5 billion and 5.6 billion CNY, down from 7.79 billion CNY in the previous year[3]. - The gaming business is expected to incur a net loss of 650 million to 750 million CNY, primarily due to project closures and underperformance of several titles[9]. - The film and television segment anticipates a net loss of 300 million to 400 million CNY, driven by lower-than-expected sales prices and inventory impairment losses[14]. - The company has incurred a one-time rental loss of approximately 40 million CNY due to office space reductions as part of its cost-cutting measures[15]. - The overall performance in Q4 2024 is expected to show significant fluctuations compared to Q3, influenced by asset impairment decisions and project performance uncertainties[16]. Strategic Focus - The company plans to focus on a "quality over quantity" strategy in its film and television business, reducing overall investment while increasing efforts in the short drama segment[8]. - The company is focusing on a "quality over quantity" strategy in its film and television business, adjusting project investments based on user demand[18]. - The company is adjusting its management structure and optimizing teams to enhance operational efficiency and focus on more promising projects[7]. - The company is implementing refined management practices internally to enhance organizational efficiency and optimize reward systems[18]. - The company is actively improving its investment management system to control investment risks effectively[18]. Project Developments - The anticipated public test of the key game "Zhu Xian World" on December 19, 2024, is expected to contribute positively to future revenue, although initial marketing expenses will impact current financials[11]. - The MMORPG game "Zhu Xian World" was officially launched on December 19, 2024, generating over 400 million CNY in revenue within the first 30 days[17]. - The JRPG game "Persona: Nightfall Phantom" has received positive feedback after testing in select overseas regions and is being pushed for launch in those areas[17]. - The supernatural urban open-world RPG "Yihuan" had its first test in November 2024 and has been well-received by players, indicating potential for market expansion[17]. Asset Management - The company has identified and closed underperforming projects, leading to an estimated impairment loss of approximately 400 million CNY related to various game development projects[10]. - Asset impairment testing is ongoing, with final impairment amounts to be confirmed by the annual audit[19]. - Preliminary data will be detailed in the company's 2024 annual report, urging investors to make cautious decisions[19]. Event Management - The company successfully hosted the 2024 Counter-Strike World Championship in Shanghai, aiming to develop a multi-tiered esports event system[18].