Perfect World's net profit in 2023 dropped 64.31% year-on-year, and game business revenue dropped 7.91%

News from this site on April 15th, Perfect World released its 2023 annual report today. During the reporting period, the company achieved operating income of 7.791 billion yuan, an increase of 1.57% from the same period last year; achieved an operating income attributable to shareholders of listed companies. Net profit was 491 million yuan, down 64.31% from the same period last year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 210 million yuan, down 69.56% from the same period last year.

The company’s economic profit and loss report this year shows that the company’s non-recurring profit and loss profit was 281 million yuan. It is mainly composed of gains from changes in fair value of Universal's film units, losses from changes in fair value and disposal losses caused by changes in the operating conditions of invested companies, government subsidies and other factors.

During the reporting period,

the company’s game business achieved operating income of 6.669 billion yuan, a decrease of 7.91% from the same period last year; the net profit attributable to shareholders of listed companies was 490 million yuan, a decrease from the previous year A decrease of 69.21% over the same period; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 456 million yuan, a decrease of 57.74% compared with the same period last year.

Perfect World stated that during the reporting period, due to the impact of the game product development cycle,

the company launched fewer new games, and several games in operation continued to be implemented through content updates, refined marketing, etc. It operates in the long term, but due to the impact of the natural life cycle, the revenue has declined compared with 2022, and the corresponding performance contribution has declined year-on-year. In the future, a number of game products under development planned by the company in the early stages will gradually enter the launch cycle, which is expected to promote the sustainable and healthy development of the game business.

This site noticed that the report stated that "Zhu Xian 2", "Gods and Demons Continent", "Code Name New World", "Code Name YH", Many products such as "Codename Z", "Soul", "Codename Barbarian" and lightweight mini-games are under active development.

▲ Perfect World’s operating income composition in 2023

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