Perfect World Expects Net Profit to Increase By 331% in First Half of 2022
On July 14, Beijing-based video game developer and publisher, Perfect World, released its semi-annual performance forecast for 2022. From January to June this year. It is estimated that the net profit attributed to parent company owner’s will be 1.11 billion – 1.16 billion yuan ($164.4 million – $171.8 million), an increase of 331% – 350% over the same period of the previous year. The net profit after deducting non-recurring gains and losses will be 640 million – 680 million yuan, a year-on-year increase of 1574%-1678%.
Among them, the net profit of the company’s game business will be 1.16 billion – 1.2 billion yuan, up 420%-438% year-on-year. The net profit of the game business after deducting non-recurring gains and losses is expected to be about 720-760 million yuan, up 1892%-2003% year-on-year.
Perfect World stated that its business has been deeply transformed and upgraded, which has promoted the development of diversified businesses and achieved remarkable results. The growth rate of the company’s performance in the first half of this year has continued its previous rapid development. For its game business, many products contributed to its overall good performance in the first half of the year, which helped the business as a whole develop steadily.
On the other hand, since last year, Perfect World has re-adjusted its overseas business layout. In the first quarter of this year, the sale of its US-based R&D studios and related local distribution teams in Europe and the Americas was successfully completed, with non-recurring income confirmed to be about 400 million yuan.
SEE ALSO: Perfect World Entertainment Rebrands as Gearbox Publishing
As for game products, a mobile game named “Perfect World Mobile” was publicly tested in January this year, and another mobile game “Tower of Fantasy”, which was publicly tested at the end of 2021, continued updating its content in the first half of the year. The MMORPG mobile game “Jade Dynasty: New Fantasy” was launched in June this year with a one year time limit.
Perfect World’s mobile games such as “Black Cat” and “Demi Gods and Semi Devils 2 Mobile”, and PC games like “Jade Dynasty World”, “Perfect New World” and “Have a Nice Death”, are currently in the development process.
