完美世界H1营收增现金流反降 去年亏13亿是否”洗大澡”

Core Viewpoint - Perfect World (002624.SZ) reported significant growth in its financial performance for the first half of 2025, with notable increases in revenue and net profit compared to the same period last year [1][2]. Financial Performance Summary - The company achieved operating revenue of 3.69 billion yuan, representing a year-on-year increase of 33.74% [2]. - Net profit attributable to shareholders reached 503 million yuan, a remarkable increase of 384.52% compared to the previous year [2]. - The net profit after deducting non-recurring gains and losses was 318 million yuan, up 235.12% year-on-year [2]. - The net cash flow from operating activities was 502 million yuan, showing a significant improvement of 422.91% from the previous year [2]. - Basic and diluted earnings per share were both 0.27 yuan, compared to a loss of 0.09 yuan in the same period last year, marking a 400% increase [2]. - The weighted average return on equity was 7.22%, up from -2.04% in the previous year [2]. Asset and Cash Flow Analysis - Total assets at the end of the reporting period were approximately 11.15 billion yuan, a decrease of 1.91% from the end of the previous year [2]. - Net assets attributable to shareholders increased by 2.39% to approximately 6.91 billion yuan [2]. - Cash received from sales of goods and services was 3.45 billion yuan, down from 3.75 billion yuan in the same period last year [2]. Historical Financial Trends - Revenue from 2020 to 2024 showed a declining trend, with figures of 10.22 billion yuan in 2020, 8.52 billion yuan in 2021, 7.67 billion yuan in 2022, 7.79 billion yuan in 2023, and 5.57 billion yuan in 2024 [3]. - The net profit attributable to shareholders fluctuated significantly, with a loss of 1.29 billion yuan in 2024 following profits in previous years [3][4]. - The company experienced a substantial decline in both total revenue and net profit in recent years, with a notable drop of 28.50% in total revenue in 2024 compared to 2023 [4].