PWRD(SZ:002624) Quan Jing Wang·2025-12-01 13:07Core Viewpoint - Perfect World has shown strong performance in the gaming sector, with a notable stock price increase and significant revenue growth, reflecting a positive market sentiment and improved financial health [1][2]. Group 1: Stock Performance - On December 1, Perfect World’s stock rose by 2.75%, closing at 14.56 CNY per share, with a trading volume of 764 million CNY [1]. - The stock has increased by 44.16% year-to-date, outperforming the average in the gaming industry, indicating a clear upward trend [1]. - Main capital inflow reached 160 million CNY, suggesting institutional confidence in the company's prospects [1]. Group 2: Financial Performance - For the first nine months of 2025, Perfect World reported revenue of 5.417 billion CNY, a year-on-year increase of 33.00% [2]. - The net profit attributable to shareholders was 666 million CNY, marking a substantial year-on-year growth of 271.17%, indicating a turnaround from previous losses [2]. - The gross margin for the third quarter was 64.83%, up by 13.06 percentage points compared to the previous year, showcasing improved profitability [2]. Group 3: Business Overview - Perfect World’s main business includes the development, publishing, and operation of online games, as well as film and television production and artist management, with gaming being the core revenue source [1][2]. - The company has a strong self-research capability and a diverse product line, enhancing its competitive position in the market [1]. - It operates within the media and gaming sectors, with exposure to multiple trending concepts such as the metaverse, cloud gaming, artificial intelligence, and esports, providing greater market resilience [1]. Group 4: Dividend Policy - Perfect World has maintained a stable dividend policy since its A-share listing, with cumulative distributions exceeding 3.8 billion CNY [2]. - Over the past three years, the total payout has reached 1.26 billion CNY, positioning the company favorably for long-term investors seeking stable returns [2].