PWRD(SZ:002624) Sou Hu Cai Jing·2025-11-07 00:12Group 1 - The core viewpoint of the article highlights the recent research conducted by Xinda Australia Fund on a listed company, Perfect World, emphasizing its focus on long-term operation and value cultivation of older games [1] - Perfect World is enhancing its game offerings through content iteration and refined operations, ensuring the longevity of products like "Perfect World Classic Edition" [1] - The company is improving its self-publishing capabilities with projects such as "Huan Tower" and "Persona 5: The Phantom X," with "Yihuan" set for global launch across PC, mobile, and console platforms [1] - Perfect World has successfully completed domestic and overseas testing phases for "Yihuan," showcasing it at major gaming events like the 2025 Cologne Exhibition and Tokyo Game Show [1] - The esports business is developing steadily, with the successful hosting of the 2025 Counter-Strike Asia Invitational and plans for the 2026 DOTA2 International Invitational in Shanghai [1] - In the film and television sector, the company is focusing on "quality over quantity," controlling investment scale while increasing efforts in the short drama segment [1] - For the first nine months of the year, Perfect World reported a net cash inflow from operating activities of 888.99 million yuan, a significant turnaround from negative to positive, attributed to increased game revenue and cost reduction efforts [1] Group 2 - Xinda Australia Fund, established in 2006, has an asset management scale of 110.04 billion yuan, ranking 56th out of 211 [2] - The fund's non-monetary public fund management scale is 64.37 billion yuan, ranking 66th out of 211 [2] - The fund manages 186 public funds, ranking 37th out of 211, with 38 fund managers, ranking 33rd out of 211 [2] - The best-performing public fund product in the past year is Xinao Performance-Driven Mixed A, with a latest unit net value of 1.64, reflecting a growth of 135.44% over the past year [2] - The latest public fund product launched by Xinda Australia Fund is Xinao High-End Equipment Mixed A, which is a mixed-type equity fund with a subscription period from October 27, 2025, to November 7, 2025 [2]