PWRD(SZ:002624) Xin Lang Cai Jing·2025-05-01 00:40Core Viewpoint - The company reported a significant decline in revenue for 2024, with a total revenue of 5.57 billion, a year-on-year decrease of 28.5%, and a net loss attributable to shareholders of 1.288 billion, aligning with performance forecasts [1] Group 1: Financial Performance - In Q4 2024, the company achieved revenue of 1.498 billion, a year-on-year decrease of 6.11%, with a net loss of 899 million [1] - For Q1 2025, the company reported revenue of 2.023 billion, a year-on-year increase of 52.22%, with a net profit of 302 million [1] - The gaming segment generated revenue of 5.18 billion in 2024, a year-on-year decrease of 22.3%, with a net loss of 720 million [2] Group 2: Business Segments - The company’s gaming revenue in 2024 was impacted by project shutdowns and asset impairment losses totaling approximately 400 million [2] - The esports segment performed well, contributing 2.36 billion in revenue, a year-on-year increase of 6.62%, while mobile gaming revenue fell to 2.55 billion, a decrease of 37.55% [3] - The film and television segment incurred a net loss of approximately 400 million in 2024, primarily due to lower-than-expected broadcasting prices and bad debt losses [3] Group 3: Future Outlook - The launch of "Zhu Xian World" is expected to drive revenue growth, with the first month generating over 400 million [3] - The company anticipates continued revenue recognition and profit generation from "Zhu Xian World" due to its high user retention and player lifecycle [4] - The company is actively developing new games such as "Zhu Xian 2" and "Yihuan," with plans for overseas releases [4]