On August 26, Perfect World Co.,Ltd. released its 2025 semi-annual report, achieving operating revenue of 3.691 billion yuan, representing a year-over-year increase of 33.74%. The company realized net profit attributable to the parent company of 503 million yuan and non-recurring net profit of 318 million yuan, both turning from losses to profits compared to the same period last year, with year-over-year growth of 384.52% and 235.12% respectively.
By business segment, the gaming business achieved operating revenue of 2.906 billion yuan, up 9.67% from the same period last year. Net profit attributable to the parent company reached 504 million yuan, and non-recurring net profit was 346 million yuan, both turning from losses to profits compared to the previous year.
The film and television business realized operating revenue of 767 million yuan, up 756.35% year-over-year, achieving net profit attributable to the parent company of approximately 41.72 million yuan and non-recurring net profit of approximately 22.93 million yuan.
**Returning to Product Fundamentals and Achieving Turnaround**
The semi-annual report shows that amid intensifying competition in the gaming industry, Perfect World Co.,Ltd. returned to product fundamentals, strengthening creativity and research & development, focusing on existing operations, steadily promoting projects under development, and planning new products to continuously improve product success rates. Meanwhile, the company optimized its global distribution system, promoted refined and internationalized operations, and comprehensively enhanced market competitiveness.
From the first half business development perspective, the company's turnaround to profitability was primarily driven by three direct factors:
First, the company benefited from the launch of its self-developed new Chinese fantasy MMORPG "Zhu Xian World" in December 2024. The game leveraged Perfect World Co.,Ltd.'s strength in the MMORPG track, co-creating with players and actively innovating in technology, gameplay, and operational models to provide players with deeper, more immersive, and higher-quality MMO experiences, contributing significant performance growth in the first half.
Second, in the e-sports business, as the exclusive operator of renowned e-sports products "DOTA2" and "CS (Counter-Strike: Global Offensive)" in mainland China, the company used tournament operations as an engine to drive refined product operations. In the first half, e-sports business revenue continued its year-over-year growth trend, consistently contributing stable performance.
Third, in corporate governance, Perfect World Co.,Ltd. focused on long-term development, implementing practical measures to improve management and business processes, strengthening the full-process management chain for game development and operations as well as film and television production and distribution. The company promoted a series of cost reduction and efficiency improvement measures including project focus, personnel optimization, and office consolidation, which began showing results in the first half.
Additionally, Perfect World Co.,Ltd. actively improved asset operational efficiency through resource integration. The company achieved non-recurring gains and losses of 185 million yuan in the first half, mainly from disposal gains from selling Chengfeng Studio in the first quarter.
**New Product Tracks Gaining Momentum to Solidify Future Growth**
Since this year, Perfect World Co.,Ltd. has accelerated the pace of new product testing and launches, with multiple tracks developing simultaneously. On August 7, "Zhu Xian 2," the authentic sequel MMORPG of the Zhu Xian IP, entered open beta domestically, immediately topping the iOS free games chart on its first day, continuing to solidify the company's positioning and advantages in this track.
From late June to early July, the otherworld urban adventure JRPG game "Persona: Phantom of the Night" successively entered open beta in overseas regions including Japan, Europe and America, and Southeast Asia. It immediately topped the iOS free games charts in Japan, Europe and America on its first day, broke into the top 3 of Japan's iOS revenue chart, and topped Steam's global download chart, receiving high user recognition.
The highly anticipated original supernatural urban open-world RPG game "Disorder" launched its second domestic test in late June. This test was developed based on the virtual engine version 5.5, introducing new technologies such as NVIDIA DLSS4, comprehensively iterating game scenes, characters, and combat systems, and launching various new gameplay features that were well-received by players.
In July, "Disorder's" first overseas test also achieved impressive results. In English and Japanese region testing, its immersive urban theme, wanted and racing gameplay received enthusiastic responses, generating extensive discussions on overseas social media. "Disorder" was showcased at Gamescom 2025 in Germany at the end of August. Currently, "Disorder" has published a subsequent optimization list based on player feedback from the above tests, and a new round of testing is being actively prepared.
During China Joy in August this year, Perfect World Co.,Ltd. established the "Perfect E-sports Partner Alliance" with NVIDIA, Intel, AGON, and Samsung brand storage, focusing on CS-related events and collaborating across hardware, software, and ecosystem support to jointly expand the e-sports industry ecosystem.
In October this year, Perfect World Co.,Ltd. will host the world-class CS Asia Championship (CAC 2025), further strengthening its tournament IP matrix and continuously providing users with exciting entertainment experiences.
In terms of film and television, since 2025, Perfect World Co.,Ltd. has produced platform-customized dramas including "A Thousand Peach Blossoms Bloom in One Life," "Only This Jianghu Dream," "Shh, The King is Hibernating," "In the Time With You," "Secret Contest," and "Falling in Love with Navy Blue," which have been successively broadcast and loved by audiences. Future reserves including "Night is Deep," "Skylark Song," "Yun Xiang Chronicles: Let's Drink," and "Awakening" are in post-production and scheduling processes.
Meanwhile, Perfect World Co.,Ltd. will continue to focus on the short drama track, providing quality content experiences for audiences. In August, the micro-short drama "Riding the Waves," a key online literary and artistic fine product project under the guidance of Beijing Radio and Television Bureau, was broadcast on both Hongguo and Douyin platforms.
Comments