PWRD(SZ:002624) Ge Long Hui A P P·2026-01-05 05:26Core Viewpoint - Perfect World is expected to see a recovery in its main business segments of gaming and film by 2025, with a focus on product development in 2026, leveraging content IP for both classic and innovative approaches [1] Group 1: Business Strategy - The company is integrating AI tools to enhance content generation and development efficiency, positioning itself as a practitioner of content and technology [1] - In the esports sector, Perfect World is introducing VR holographic viewing and XR real-time sandbox technology to enhance user experience [1] Group 2: Film and Gaming Integration - The film division is developing the "Arc Light Intelligent Creation System" to optimize production processes using AI, facilitating cross-platform content development and IP linkage [1] - The strategy aims to create an interactive closed loop between gaming and film content [1] Group 3: Financial Metrics - The current stock price corresponds to price-to-earnings (PE) ratios of 41.0, 27.6, and 19.8 times for different projections, indicating a favorable investment opportunity [1] - The report initiates coverage with a "Buy" investment rating [1]