累计变现85亿后，210亿游戏大佬又双叒叕出手

Core Viewpoint - The article discusses the recent share reduction plan by the actual controller of Perfect World, Chi Yufeng, amid the company's fluctuating financial performance and market reactions. The company has shown some recovery in recent quarters, but its long-term performance has been declining since 2021, raising concerns about its future prospects and the impact of Chi's actions on investor sentiment [4][10][12]. Group 1: Share Reduction Plan - On November 27, Perfect World announced that Chi Yufeng plans to reduce his holdings by up to 32.98 million shares, equivalent to 1.7% of the total share capital, potentially cashing out around 500 million yuan at the closing price of 15.17 yuan per share [4][8][9]. - Following the announcement, Perfect World's stock price dropped by 6.59% on November 28, reflecting immediate market reaction to the news [5][10]. - Since 2019, Chi has reportedly cashed out approximately 8.5 billion yuan through various means, including secondary market sales and agreements [5][9]. Group 2: Financial Performance - In the first three quarters of 2023, Perfect World reported revenue of 5.417 billion yuan, a 33% year-on-year increase, and a net profit of 666 million yuan, marking a return to profitability [5][10]. - However, the company's performance has been declining since 2021, with revenue dropping from 10.225 billion yuan in 2020 to 5.57 billion yuan in 2022, and a net loss of 1.288 billion yuan recorded last year [6][14]. - The company’s cash flow from operating activities improved significantly, reaching 889 million yuan, a 943.44% increase year-on-year, despite a decline in cash received from sales and services [10][12]. Group 3: Market Position and Challenges - The gaming sector remains the backbone of Perfect World, but it heavily relies on two MMORPG titles, "Zhu Xian World" and "Zhu Xian 2," while facing stiff competition from major players like Tencent and NetEase [18]. - The company has experienced challenges with several projects underperforming, leading to significant layoffs and project cancellations, which have raised concerns about talent retention [19][20]. - Perfect World is focusing on enhancing its game development capabilities and expanding its global reach, with plans for new game releases and a commitment to long-term operations of existing titles [20][21]. Group 4: Chi Yufeng's Wealth and Company Strategy - Chi Yufeng's net worth has decreased from a peak of 31.5 billion yuan in 2020 to 21 billion yuan in the latest Hurun report, reflecting a loss of 10.5 billion yuan [7][30]. - Despite recent financial struggles, Perfect World has maintained a high dividend policy, distributing a total of 5.543 billion yuan in cash dividends over 13 occasions, indicating a commitment to returning value to shareholders [30].