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Perfect World to see strong Q1 earnings amid epidemic

April 14, 2020


Abstract : Perfect World, one of the China's leading companies in entertainment industry, is expected to see its net profit in the first quarter of 2020 reaching 585 million yuan to 635 million yuan, with an increase of 20.4 percent to 30.7 percent year on year.

BEIJING, April 14 (Xinhua) -- Perfect World Co., Ltd. (Perfect World) (SZ.002624), one of the China's leading companies in entertainment industry, is expected to see its net profit in the first quarter of 2020 reaching 585 million yuan to 635 million yuan, with an increase of 20.4 percent to 30.7 percent year on year, according to a performance forecast released by the company on Monday. 

Amid the novel coronavirus epidemic, staying indoors and social distancing have become the routine for countless people in recent days. As a result, the demand related with stay-at-home activities ballooned in a short period of time and "homebody economy" is booming.

According to the Perfect World, the profit growth is mainly due to its gaming business which is growing rapidly with net profit expected to increase by 60 to 70 percent compared to the same period in 2019.

With more mobile games being launched by Perfect World in 2020, the company is expected to continuously perform well and gain stronger market competitiveness, according to an industry research. (Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

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