完美世界20241120

Summary of Perfect World Conference Call Company Overview - The conference call discusses Perfect World, a gaming company focusing on both classic and emerging game genres, with a strong emphasis on their upcoming titles and internal management adjustments. Key Points Game Releases and Performance - "Zhu Xian World": The game has shown impressive testing data with retention rates exceeding 80% for both day 2 and day 3, and a 7-day retention rate around 70%. It is set to officially launch on December 19, 2024, and is expected to significantly boost the company's performance next year [2][3]. - "Yi Huan": A cross-platform open-world game using UE5, with its first test scheduled for November 28, 2024. It aims for global distribution and is anticipated to be a future growth driver for the company [2][3]. - "Zhu Xian II": An integrated MMORPG that is currently undergoing adjustments after underwhelming second test results, with a projected launch next year [2][4]. - "Let the Wild Man Fly": A lightweight idle game currently in overseas testing, with plans for simultaneous domestic and international launch next year [2][4]. - "P5X": The game is set to launch in Japan and Europe next year, utilizing an overseas agency model to reduce costs and potentially increase market share [2][4]. Future Development Strategy - The company plans to focus on two main directions: leveraging classic IPs like the "Zhu Xian" series and exploring new areas such as the innovative open-world genre represented by "Yi Huan" [2][5]. - Continuous optimization of existing projects is emphasized to ensure stable revenue and enhance overall competitiveness [5]. Internal Management Adjustments - Perfect World is undergoing significant internal restructuring, reducing its workforce by approximately 1,500-1,600 employees and halting or closing several high-risk projects to improve management efficiency and certainty [2][6]. - The company aims to shift from a relaxed nurturing approach to a more stringent, detail-oriented management style [6]. Existing Game Performance - PC Games: The existing titles, particularly "Zhu Xian," are performing steadily with annual revenue around 500 million RMB. The CS game is expected to see significant revenue growth this year, building on last year's 800 million RMB [2][8][9]. - Mobile Games: Older mobile titles are experiencing a decline but are stabilizing. The overall trend for existing mobile games is expected to continue downward but at a more stable rate [9]. Dividend and Buyback Plans - The company is currently executing its existing buyback plan and will consider new regular buyback plans based on market demand and financial conditions. Future dividends will be assessed based on financial health and market conditions [11]. Relationship with Welfare - Perfect World maintains a solid relationship with Welfare, considering future collaborations for new game releases, although specific details are currently unclear [12]. Additional Insights - The company is strategically positioned to capitalize on both established franchises and new gaming trends, with a clear focus on enhancing operational efficiency and market responsiveness.