2024 will be a very The performance has chang dramatically! Perfect World expects to lose more than 1.1 billion yuan in 2024, and 160,000 shareholders will be “affect”
The market performance of some of the buy phone number list company’s game projects did not meet expectations, so the company had to carry out largescale layoffs, which caus quite a stir.
As a result, Perfect World’s revenue and net profit both declin sharply in 2024, with its net profit turning from profit to loss, resulting in a loss of more than 1.1 billion yuan in one year.
From profit to loss
This Friday, Ashare gaming company Perfect World announc its latest earnings forecast.
Perfect World expects to achieve revenue of 5.5 billion yuan to 5.6 billion yuan in 2024, compar with 7.79 billion yuan in the same period last year; net profit attributable to shareholders of the parent company will be a loss of 1.1 billion yuan the importance of carefulness in digital marketing to 1.3 billion yuan, compar with a profit of 491 million yuan in the same period last year; and net profit excluding nonrecurring items will be a loss of 1.12 billion yuan to 1.32 billion yuan, compar with a profit of 210 million yuan in the same period last year.
Bas on this calculation, Perfect World is expect to achieve revenue of 1.427 billion yuan to 1.527 billion yuan in the fourth quarter of 2024, a yearonyear decline of 4% to 10%; the net profit attributable to the parent is a loss of 711 million yuan to 911 million yuan.
Regarding the reasons for the loss
Perfect World stat that with the intensifi competition in the game and film and television industries, the company encounter periodic difficulties mobile lead and challenges in the process of exploring business transformation and upgrading. During the reporting period, some new game and film and television projects did not meet expectations, resulting in losses; some games under development had poor expect returns, and relat closure losses were recogniz; some operating games had a decline in cash flow, and performance contribution decreas yearonyear; inventory impairment losses and bad debt losses relat to the film and television business dragg down current performance; combin with losses recogniz for investee companies, it l to a loss in performance in 2024 2024 will be a very.
