The perfect World second quarter total revenue is RMB 708.5 million yuan

The Perfect World (NASDAQ:PWRD) today released its unaudited earnings for the second quarter of fiscal year 2013 as at June 30. The report shows that the perfect world in the second quarter of the total revenue of 708.5 million yuan (about 115.4 million U.S. dollars), the same period last year, 676.4 million yuan, the previous quarter for the renminbi 624.5 million yuan; The net profit attributable to the shareholders of the company is 80.7 million yuan (about 13.2 million USD), The 158.2 million yuan, down 49% from the same period last year, slipped 38% from the 131 million yuan in the previous quarter.

Summary of performance for the second quarter of 2013:

Operating income for the quarter of 708.5 million yuan (115.4 million U.S. dollars), the last quarter of 624.5 million yuan, the same period last year, 676.4 million yuan.

This quarter margin of 535 million yuan (87.2 million U.S. dollars), the last quarter of 477.9 million yuan, the same period last year, 549.8 million yuan.

Operating profit for the quarter of 67.1 million yuan (10.9 million U.S. dollars), the last quarter of 133.1 million yuan, the same period last year, 155.2 million yuan. Non-U.S. GAAP operating profit of the quarter 2 to 84.2 million yuan (13.7 million U.S. dollars), the last quarter of 149.8 million yuan, the same period last year 172.5 million yuan.

The net profit attributable to the company's shareholders this quarter was 80.7 million yuan (USD 13.2 million), which was 131 million yuan in the previous quarter and 158.2 million yuan in the same period last year. This quarter, non-US GAAP attributable to the company's shareholders net profit of 2 to 97.8 million yuan (15.9 million U.S. dollars), the last quarter of 147.6 million yuan, the same period last year 175.5 million yuan.

This quarter of the United States depository Stocks 3 basic and diluted net income is 1.66 yuan (0.27 U.S. dollars) and 1.65 yuan (0.27 U.S. dollars), respectively, the last quarter of 2.70 yuan and 2.69 yuan, respectively, the same period last year, 3.28 Yuan and 3.25 yuan. Non-US GAAP this quarter the basic and diluted net income of American depository stocks is 2.01 yuan (0.33 USD) and 2.00 RMB (0.33 USD) respectively, The last quarter was 3.05 yuan and 3.03 yuan, respectively, 3.64 Yuan and 3.60 yuan in the same period last year.

April 2013 in North America and Europe launched "Neverwinter" of the public test

May 2013 in China launched the "Saint Fighter Star Online" of the public test

June 2013 in China launched "Smile Proud of the river ol" of the public test

"We are very pleased to announce our results for the second quarter," said Mr. H., CEO of the Perfect World. Our revenues grew by 13.5% over the last quarter, exceeding the upper limit of our expected range. The strong performance of the quarter was mainly due to the successful launch of the two new games, which were launched in China in mid-May by the 3D anime MMORPG "The Holy Warrior Star Online", and April in North America and Europe launched and widely popular MMORPG "Neverwinter." In addition, this quarter we also launched a variety of web games and mobile games, and are developing more types of different games, so that our rich and deep game product line more diversified. ”

"As our quarterly results show, a rich and deep game portfolio has been one of our core strengths." We have made steady progress in providing new game content to players by introducing several new games and introducing them to existing games. In addition to the successful launch of the "Holy Warrior Star Online" and "Neverwinter", we also in the end of the second quarter in China launched a much-anticipated 3D MMORPG, "Smile AO Lake ol." The game is adapted from Mr. Jin Yong's most famous classic martial arts masterpiece, has received good feedback from the players, we are expected to become another strong business growth point is very optimistic. At the same time, we are also looking forward to our game product line in a variety of various types of wonderful works, they include the long-awaited "Dota 2", 3D MMORPG "Holy King" and "Carving Hero biography", as well as a variety of web games and mobile games. In addition, "Neverwinter" is popular in North America and Europe and we are localizing it and are expected to be launched in China soon. ”

"Neverwinter", a popular game developed by our US affiliate cryptic UBM, fully embodies our strong overseas research and development prowess, which, combined with our experienced Chinese research and development team, is an important aspect of our fruitful global strategy. At the same time, we are also focusing on increasing our vast network of overseas operations, another important part of our strong globalization strategy. The global operating network of our overseas subsidiaries and overseas partners has covered more than 100 countries and regions, earning more than One-fourth of the company's total operating income, consolidating our position as China's online gaming company in the overseas market. Recently, we have continued to deepen global development by introducing more games through our overseas subsidiaries in North America, Europe, Korea and South-east Asia, as well as launching our games through overseas partners in a number of overseas markets. Our successful experience and our commitment to continuously consolidate and strengthen our business in China and abroad enable us to provide a world-class gaming experience and world-class service to our global players. ”

"While the recent introduction of several major new games has created additional pressure on profitability in the short term, we are confident about the company's long-term performance based on the strong performance of our new games and the many types of games we have in our product line." Our diverse portfolio of gaming products, strong global research and development capabilities, and a huge global network of operations have laid a solid foundation for us. We will continue to leverage our core strengths and resources to further consolidate our position in the global gaming market and to create maximum value for our shareholders over the long term. ”

Financial results for the second quarter of 2013

Operating income

Operating income for the quarter of 708.5 million yuan (115.4 million U.S. dollars), the last quarter of 624.5 million yuan, the same period last year, 676.4 million yuan.

This quarter's online gaming revenue (including domestic and overseas online gaming revenues) was 650.1 million yuan (105.9 million US dollars), the last quarter was 556.2 million yuan, the same period last year was 626.4 million yuan. The rise in online gaming revenues over the last quarter was mainly due to the strong performance of new games such as the company's "Saint Star online" in China and the launch of "Neverwinter" in North America and Europe.

The average number of simultaneous online users (ACU) in China this quarter was about 742,000, the last quarter was 554,000, and 739,000 in the same period last year. ACU's rise over the last quarter was mainly thanks to the strong performance of several of the company's main new games.

This quarter authorized income of 31.5 million yuan (5.1 million U.S. dollars), the last quarter of 30.1 million yuan, the same period last year for 46.9 million yuan.

Other income of 26.9 million yuan (4.4 million U.S. dollars), the last quarter of 38.2 million yuan, the same period last year, 3 million yuan. The decrease in other income over the last quarter was mainly attributable to the decrease in the number of installations in Torchlight 2. "Torchlight 2" is a popular pay-for-installation game developed by Runic Games, the United States subsidiary of the perfect World majority holding.

Operating costs

Operating costs for the quarter of 173.5 million yuan (28.3 million U.S. dollars), the last quarter of 146.6 million yuan, the same period last year, 126.6 million yuan. The rise in operating costs over the last quarter was mainly due to increased costs associated with the labor, income-sharing, sales-related taxes and the Internet Data Center (IDC), which are related to several new games introduced by the company this quarter.

Gross margin and gross profit margin

This quarter margin of 535 million yuan (87.2 million U.S. dollars), the last quarter of 477.9 million yuan, the same period last year, 549.8 million yuan. Gross profit margin of this quarter is 75.5, the gross margin of the last quarter is 76.5%, the same period last year gross margin is 81.3%.

Operating expenses

Operating costs for the quarter of 468 million yuan (76.2 million U.S. dollars), the last quarter of 344.9 million yuan, the same period last year, 394.6 million yuan. The rise in operating costs over the last quarter was mainly due to the quarterly sales and marketing costs and the rise in research and development costs.

Research and development costs for the quarter of 199.4 million yuan (32.5 million U.S. dollars), the last quarter of 181 million yuan, the same period last year, 189.7 million yuan. The rise in research and development costs over the last quarter was mainly attributable to increased manpower costs.

Sales and market costs for the quarter of 194.9 million yuan (31.8 million U.S. dollars), the last quarter of 96.6 million yuan, the same period last year, 121.8 million yuan. The rise in sales and market costs over the last quarter was mainly due to an increase in advertising and promotional costs resulting from the introduction of several new games this quarter.

The management cost of this quarter is 73.6 million yuan (12 million U.S. dollars), the last quarter of 67.3 million yuan, the same period last year for 83.1 million yuan.

Operating profit

Operating profit for the quarter of 67.1 million yuan (10.9 million U.S. dollars), the last quarter of 133.1 million yuan, the same period last year, 155.2 million yuan. Non-U.S. GAAP operating profit of this quarter is 84.2 million yuan (13.7 million U.S. dollars), the last quarter of 149.8 million yuan, the same period last year for 172.5 million yuan.

Total Other Benefits

Other earnings this quarter amounted to 33.5 million yuan (5.5 million U.S. dollars), the last quarter of 34.2 million yuan, the same period last year, 38.9 million yuan.

Income tax expenses

This quarter's income tax fee is 20.2 million yuan (3.3 million US dollars), the last quarter is 33.5 million yuan, the same period last year was 38.1 million yuan. The fall in income-tax costs over the last quarter was mainly due to falling operating profits this quarter.

Net profit attributable to the shareholders of the company

The net profit attributable to the company's shareholders this quarter was 80.7 million yuan (USD 13.2 million), which was 131 million yuan in the previous quarter and 158.2 million yuan in the same period last year. This quarter, non-US GAAP attributable to the company's shareholders net profit of 97.8 million yuan (15.9 million U.S. dollars), the last quarter of 147.6 million yuan, the same period last year for 175.5 million yuan.

This quarter of the United States depository stocks basic and diluted net income of 1.66 yuan (0.27 U.S. dollars) and 1.65 yuan (0.27 U.S. dollars), respectively, the last quarter of 2.70 yuan and 2.69 yuan, respectively, the same period last year 3.28 yuan and 3.25 yuan. Non-US GAAP this quarter the net income of the basic and diluted shares of American depository stocks is 2.01 yuan (USD 0.33) and 2.00 yuan (0.33 USD) respectively, The last quarter was 3.05 yuan and 3.03 yuan, respectively, 3.64 Yuan and 3.60 yuan in the same period last year.

Cash and cash equivalents

For the period ended June 30, 2013, the company's cash and cash equivalents amounted to 1 billion yuan (USD 168.1 million). For the period ended March 31, 2013, the company's cash and cash equivalents amounted to RMB 904.8 million. The growth in cash and cash equivalents comes mainly from net cash inflows from the company's online gaming operations.

Business outlook

Based on the company's current operating conditions, the company expects business receipts in the third quarter of 2013 to be roughly between 779 million yuan and 815 million yuan. The expected range grew 10% to 15% from the current quarter. This is expected to take into account the company's recent launch in China's new game, "laughing and proud ol" and "Saint Champion star Online" is expected to bring additional revenue growth.

Conference

The perfect World Management team will be in the U.S. Eastern Time August 19, 2013 Night 9 O'Clock (Beijing time August 20, 2013 9 o'clock in the morning) to hold a earnings conference call.