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    Technology services

  3. •

    Packaged software
Perfect World Co., Ltd. Class A

Perfect World Co., Ltd. Class A

SSZSE:002624
10.00
CNY
+0.53
(+5.60%)
24.09BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.28
2.14
2.91
3.38
4.01
4.08
4.12
5.28
4.38
4.01
4.12
2.94
3.55
- -
Basic EPS, GAAP
0.3
0.44
0.08
0.64
0.76
0.87
0.77
0.8
0.19
0.72
0.26
-0.68
0.39
- -
Free Cash Flow per Basic Share
0.46
-0.6
0.33
0.54
0.31
-0.14
0.81
1.61
0.35
0.46
0.12
0.12
0.43
- -
Dividend per Share
0.48
0.04
0.35
0.08
0.19
0.23
0.24
0.21
0.17
1.21
0.36
0.47
0.23
- -
Book Value per Share
1.98
1.03
1.53
3.66
4.04
4.28
4.88
5.59
5.3
4.72
4.62
3.48
3.67
3.36
Tangible Book Value per Share
1.75
0.95
1.08
2.88
2.95
3.76
4.37
5.23
4.98
4.38
4.09
3.03
3.25
2.92
Basic Weighted Avg Shares
433
432
1,680
1,822
1,980
1,969
1,952
1,936
1,943
1,913
1,890
1,893
1,874
1,987
Sales/Revenue/Turnover
990
926
4,893
6,159
7,930
8,034
8,039
10,225
8,518
7,670
7,791
5,570
6,660
- -
Operating Margin (%)
27.27
32.3
0.66
18.02
21.91
19.57
20.17
20.43
4.97
15.27
8.3
-6.42
16.33
- -
Depreciation Expense
7
7
186
186
206
120
116
176
292
319
291
316
231
- -
Net Income, GAAP
130
190
134
1,166
1,505
1,706
1,503
1,549
369
1,377
491
-1,288
731
- -
Effective Tax Rate (%)
25.59
25.96
66.83
16.43
11.46
8.16
- -
9.19
- -
5.8
35.6
- -
29.4
- -
Profit Margin (%)
13.13
20.54
2.75
18.94
18.98
21.24
18.69
15.14
4.33
17.95
6.31
-23.11
10.97
- -
Working Capital
530
980
493
6,985
5,031
6,862
5,284
3,697
3,208
2,261
3,345
2,582
3,076
2,717
LT Debt
10
267
643
2,033
500
794
225
2,195
2,084
1,932
1,481
586
429
394
Total Equity
627
809
1,289
8,453
8,787
9,309
10,077
11,182
10,504
9,476
9,425
6,870
6,937
6,293
Return on Invested Capital (%)
26.02
18.83
1.55
14.6
12.55
15.24
- -
11.16
- -
10.78
4.87
- -
9.1
- -
Return on Capital (%)
10.52
18.15
11.57
19.15
16.13
16.75
- -
12.83
- -
11.89
4.07
- -
10.48
- -
Return on Common Equity (%)
23.98
28.19
14.35
28
19.83
20.8
16.79
15.26
3.49
14.16
5.43
-16.39
10.53
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
68
67
68
LT Borrowings
- -
- -
- -
LT Finance Leases
429
413
394
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,940
1,940
1,940
Market Capitalization
31,796
34,085
24,094

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,106
5,684
6,481
Cash, Cash Equivalents & STI
3,605
3,270
3,617
Accounts Receivable, Net
504
439
659
Inventories
1,178
1,116
1,205
Total Current Liabilities
3,029
2,549
3,763
Payables & Accruals
- -
- -
- -
ST Debt
68
67
68
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
54.21%
-8.5%
0.98%
Free Cash Flow
-55.79%
26.05%
257.42%
Net Income, GAAP
41.49%
-77.23%
-156.76%
Sales/Revenue/Turnover
4.92%
-6.8%
19.55%
Total Cash Common Dividend
59.1%
97.34%
-50.81%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,329
1,431
1,313
1,498
5,570
2025
2,023
1,668
- -
1,243
6,660
2026
1,171
1,580
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
-0.08
-0.11
-0.47
-0.68
2025
0.16
0.1
- -
0.03
0.39
2026
0.05
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.46
- -
- -
0.47
2025
- -
0.22
- -
- -
0.23
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Li Ming Gu
Full Time Employees
3,333
Sector
Technology services
Industry
Packaged software
Address
Perfect World Tower A, Building 4 Beijing BJ China 100102
IPO Date
Oct 28, 2011
Website
pwrd.com
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Business
Perfect World Co., Ltd. Perfect World Co., Ltd. (002624.SZ) develops, publishes, and operates online games and produces films and television content as a leading Chinese entertainment company headquartered in Beijing and founded in 2004. Perfect World Co., Ltd. operates through three primary segments including Perfect World Games, which offers PC games such as Perfect World, Perfect World II, Zhu Xian, Swordsman Online, Forsaken World, and Jade Dynasty; mobile games including Zhu Xian Mobile, Perfect World Mobile, Tower of Fantasy, Forsaken World Mobile, and Persona 5: The Phantom X; console, VR, and cloud games like Unruly Heroes and Subnautica; and distributes titles such as Dota 2, Counter-Strike: Global Offensive, and Tianlong Babu 2: Flying Dragon in the Sky; Perfect World Pictures, which produces and distributes films such as Sophie’s Revenge, Shadow, and co-financed Hollywood titles including Jason Bourne, The Mummy, Jurassic World: Fallen Kingdom, and Jurassic World: Dominion through its strategic partnership with Universal Pictures established in 2016, alongside popular TV series like Ashes of Love, The Heart of Genius, and Spy Game as well as variety shows including Go Fighting; and Perfect World E-sports, which organizes major tournaments such as the DOTA 2 Asia Championships, CS Asia Championships, Perfect World Shanghai Major 2024, and supports The International 2026 in Shanghai while running the Perfect World National League for university students. The company distributes products to over 100 countries and regions, primarily in North America, Europe, Asia, and maintains offices in China including Beijing, Shanghai, and Hong Kong as well as overseas locations in Europe, America, Japan, South Korea, and Southeast Asia; it generates most revenues from China and employs around 3,900 people. Recent developments include the December 2024 asset sale of its Chengfeng Studio game-related assets, documents, and equipment to Scopely, Inc. for $34.5 million, with the core team transitioning to a new entity backed by minority investment from the buyer; hosting the Perfect World Shanghai Major 2024, the first DOTA 2 major in Asia; launching Tower of Fantasy on PlayStation in August 2023; recognition as a national-level cultural industry demonstration base in 2024; and strong Q3 2025 financial performance with net profit of 162.3 million yuan amid a 76% year-on-year surge in the gaming sector.