The world's second-quarter results are not up to expectations

The following is a summary of the report:

High cost leads to less than expected profit: the perfect World fiscal year 2013 second quarter revenue for 709 million yuan (13% year-on-year growth, 5%), compared with the company's guidance forecast ceiling of 3%. Including the local and overseas games, its network game business revenue for 650 million yuan (the chain growth of 17%, year-on-year growth of 4%). The company's authorized income of 31 million yuan (5% chain growth, year-on-year growth of 33%). Other revenue is 27 million yuan, which was contributed by Torch Light 2, which was developed by Runic Games, the United States subsidiary of the Perfect World holding company.

The perfect world second-quarter operating profit of 67 million yuan (50% chain reduction, year-on-year decrease of 57%), because the operating costs are higher than expected. The company's operating profit rate was 9% (21% in the previous quarter and 23% in the same period last year). Net profit of 81 million yuan (the chain reduction of 39%, year-on-year reduction of 49%). Ads per share (US depository shares) diluted income of 1.65 yuan, less than we expect 1.95 yuan.

ACU Strong rebound: the perfect world of local games ACU (average simultaneous online users) growth of 34%, to 742,000, mainly from the "Saint Champion Star Online" contribution.

Sales are expected to be stronger: The company estimates the third quarter of fiscal year 2013 revenue for 779 million to 815 million yuan, corresponding to the quarter-on-quarter growth of 10% to 15%, year-on-year increase of 12% to 17%. This has been taken into account the "Holy Warrior Star Online" and "laughing proudly online," the additional contribution of the revenue.

Net cash balance is higher: in the second quarter of fiscal year 2013, the company's net cash was about $374 million (including cash, cash equivalents, short-term and term deposits, short-term loan net and payable dividends), accounting for about 35% to 40% of its market capitalisation. Woodman)