PWRD(SZ:002624) Zheng Quan Shi Bao Wang·2025-10-30 13:04Core Insights - Perfect World reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 1.726 billion yuan, a year-on-year growth of 31.45%, and a net profit of 162 million yuan, up 176.59% [1] - For the first three quarters of the year, the company achieved a total revenue of 5.417 billion yuan, a 33% increase year-on-year, and a net profit of 666 million yuan, marking a turnaround from losses in the previous year [1] - The gaming segment generated 4.475 billion yuan in revenue, reflecting a 15.64% increase, with the gross profit margin rising from 65.78% to 69.29% [1] Financial Performance - The company reported non-operating income of 182 million yuan, primarily from the sale of Chengfeng Studio in Q1 [1] - Cash flow from operating activities for the first three quarters was 889 million yuan, driven by revenue growth in the gaming business and cost reduction measures [1] Gaming Business Highlights - Despite some existing mobile games experiencing revenue declines due to lifecycle effects, several new high-quality games have mitigated negative impacts on performance [1] - Notable titles contributing to revenue growth include "Zhu Xian World," launched in December last year, and "Zhu Xian 2," which began public testing in August [1] - The game "Persona: Nightshade" launched in late June to early July in international markets, further expanding Perfect World's overseas market presence [1] Other Business Segments - The esports business has continued its growth trend, with revenue increasing compared to the previous year [2] - The film and television segment reported revenue of 918 million yuan for the first three quarters, a remarkable year-on-year increase of 432.90%, with a net profit of 31.73 million yuan [2] - Perfect World is actively preparing for the next round of testing for its original supernatural urban open-world RPG game "Yihuan," which completed domestic and overseas testing earlier this year [2]