Perfect World Co Ltd (002624) - Net Assets
Based on the latest financial reports, Perfect World Co Ltd (002624) has net assets worth CN¥6.93 Billion CNY (≈ $1.01 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.83 Billion ≈ $1.58 Billion USD) and total liabilities (CN¥3.90 Billion ≈ $571.08 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Perfect World Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.93 Billion |
| % of Total Assets | 63.96% |
| Annual Growth Rate | 33.88% |
| 5-Year Change | -38.57% |
| 10-Year Change | 498.04% |
| Growth Volatility | 154.71 |
Perfect World Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Perfect World Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002624 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Perfect World Co Ltd (2008–2024)
The table below shows the annual net assets of Perfect World Co Ltd from 2008 to 2024. For live valuation and market cap data, see Perfect World Co Ltd (002624) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.87 Billion ≈ $1.01 Billion |
-27.11% |
| 2023-12-31 | CN¥9.42 Billion ≈ $1.38 Billion |
-0.54% |
| 2022-12-31 | CN¥9.48 Billion ≈ $1.39 Billion |
-9.79% |
| 2021-12-31 | CN¥10.50 Billion ≈ $1.54 Billion |
-6.06% |
| 2020-12-31 | CN¥11.18 Billion ≈ $1.64 Billion |
+10.40% |
| 2019-12-31 | CN¥10.13 Billion ≈ $1.48 Billion |
+8.81% |
| 2018-12-31 | CN¥9.31 Billion ≈ $1.36 Billion |
+5.94% |
| 2017-12-31 | CN¥8.79 Billion ≈ $1.29 Billion |
+3.95% |
| 2016-12-31 | CN¥8.45 Billion ≈ $1.24 Billion |
+635.87% |
| 2015-12-31 | CN¥1.15 Billion ≈ $168.09 Million |
+41.99% |
| 2014-12-31 | CN¥808.99 Million ≈ $118.38 Million |
+59.39% |
| 2013-12-31 | CN¥507.56 Million ≈ $74.27 Million |
+3.40% |
| 2012-12-31 | CN¥490.86 Million ≈ $71.83 Million |
+0.95% |
| 2011-12-31 | CN¥486.22 Million ≈ $71.15 Million |
+158.30% |
| 2010-12-31 | CN¥188.24 Million ≈ $27.54 Million |
+36.80% |
| 2009-12-31 | CN¥137.60 Million ≈ $20.14 Million |
+113.41% |
| 2008-12-31 | CN¥64.48 Million ≈ $9.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Perfect World Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7618.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.07 Billion | 45.52% |
| Common Stock | CN¥2.01 Billion | 29.79% |
| Other Comprehensive Income | CN¥919.26 Million | 13.61% |
| Other Components | CN¥747.56 Million | 11.07% |
| Total Equity | CN¥6.75 Billion | 100.00% |
Perfect World Co Ltd Competitors by Market Cap
The table below lists competitors of Perfect World Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hang Zhou Iron & Steel Co Ltd
SHG:600126
|
$4.32 Billion |
|
Emmi AG
SW:EMMN
|
$4.32 Billion |
|
All Winner Technology Co Ltd
SHE:300458
|
$4.32 Billion |
|
Worley Ltd
AU:WOR
|
$4.32 Billion |
|
MakeMyTrip Limited
NASDAQ:MMYT
|
$4.32 Billion |
|
Silicon Motion Technology
NASDAQ:SIMO
|
$4.32 Billion |
|
Atour Lifestyle Holdings Limited American Depositary Shares
NASDAQ:ATAT
|
$4.31 Billion |
|
Bright Horizons Family Solutions Inc
NYSE:BFAM
|
$4.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Perfect World Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,956,003,510 to 6,752,408,376, a change of -2,203,595,134 (-24.6%).
- Net loss of 1,287,558,264 reduced equity.
- Dividend payments of 882,991,450 reduced retained earnings.
- Share repurchases of 110,014,636 reduced equity.
- Other comprehensive income increased equity by 919,260,215.
- Other factors decreased equity by 842,290,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.29 Billion | -19.07% |
| Dividends Paid | CN¥882.99 Million | -13.08% |
| Share Repurchases | CN¥110.01 Million | -1.63% |
| Other Comprehensive Income | CN¥919.26 Million | +13.61% |
| Other Changes | CN¥-842.29 Million | -12.47% |
| Total Change | CN¥- | -24.60% |
Book Value vs Market Value Analysis
This analysis compares Perfect World Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.72x to 4.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.20 | CN¥15.21 | x |
| 2009-12-31 | CN¥0.66 | CN¥15.21 | x |
| 2010-12-31 | CN¥0.84 | CN¥15.21 | x |
| 2011-12-31 | CN¥2.03 | CN¥15.21 | x |
| 2012-12-31 | CN¥1.66 | CN¥15.21 | x |
| 2013-12-31 | CN¥1.17 | CN¥15.21 | x |
| 2014-12-31 | CN¥1.75 | CN¥15.21 | x |
| 2015-12-31 | CN¥0.61 | CN¥15.21 | x |
| 2016-12-31 | CN¥3.96 | CN¥15.21 | x |
| 2017-12-31 | CN¥4.02 | CN¥15.21 | x |
| 2018-12-31 | CN¥4.29 | CN¥15.21 | x |
| 2019-12-31 | CN¥4.88 | CN¥15.21 | x |
| 2020-12-31 | CN¥5.60 | CN¥15.21 | x |
| 2021-12-31 | CN¥5.30 | CN¥15.21 | x |
| 2022-12-31 | CN¥4.79 | CN¥15.21 | x |
| 2023-12-31 | CN¥4.74 | CN¥15.21 | x |
| 2024-12-31 | CN¥3.57 | CN¥15.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Perfect World Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.11%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.68x
- Recent ROE (-19.07%) is below the historical average (15.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 38.76% | 10.52% | 1.37x | 2.69x | CN¥18.54 Million |
| 2009 | 25.77% | 13.32% | 1.01x | 1.92x | CN¥21.70 Million |
| 2010 | 26.90% | 13.87% | 1.04x | 1.86x | CN¥31.81 Million |
| 2011 | 11.14% | 12.84% | 0.60x | 1.44x | CN¥5.55 Million |
| 2012 | 6.04% | 7.28% | 0.56x | 1.47x | CN¥-19.44 Million |
| 2013 | 3.29% | 1.69% | 1.30x | 1.50x | CN¥-34.06 Million |
| 2014 | 25.17% | 20.54% | 0.56x | 2.18x | CN¥114.62 Million |
| 2015 | 28.12% | 5.90% | 1.61x | 2.95x | CN¥185.87 Million |
| 2016 | 16.17% | 18.94% | 0.38x | 2.26x | CN¥444.88 Million |
| 2017 | 18.89% | 18.98% | 0.48x | 2.08x | CN¥708.29 Million |
| 2018 | 20.22% | 21.24% | 0.50x | 1.89x | CN¥862.19 Million |
| 2019 | 15.79% | 18.69% | 0.48x | 1.75x | CN¥551.33 Million |
| 2020 | 14.29% | 15.14% | 0.66x | 1.43x | CN¥464.97 Million |
| 2021 | 3.59% | 4.33% | 0.50x | 1.66x | CN¥-659.85 Million |
| 2022 | 15.04% | 17.95% | 0.49x | 1.71x | CN¥461.28 Million |
| 2023 | 5.49% | 6.31% | 0.54x | 1.62x | CN¥-404.12 Million |
| 2024 | -19.07% | -23.11% | 0.49x | 1.68x | CN¥-1.96 Billion |
Industry Comparison
This section compares Perfect World Co Ltd's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $3,679,379,090
- Average return on equity (ROE) among peers: -6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perfect World Co Ltd (002624) | CN¥6.93 Billion | 38.76% | 0.56x | $4.32 Billion |
| Wasu Media Holding Co Ltd (000156) | $10.11 Billion | 5.95% | 0.39x | $2.01 Billion |
| Huawen Media Investment Corp (000793) | $9.99 Billion | 8.59% | 0.34x | $797.87 Million |
| Beijing Jingxi Culture&Tourism Co Ltd (000802) | $1.04 Billion | 2.05% | 0.37x | $451.51 Million |
| CITIC Guoan Information Industry Co Ltd (000839) | $6.93 Billion | 5.07% | 0.59x | $1.70 Billion |
| Guangdong Alpha Animation and Culture Co Ltd (002292) | $1.58 Billion | 11.48% | 0.22x | $1.80 Billion |
| Ciwen Media Co Ltd (002343) | $1.40 Billion | 5.15% | 0.21x | $429.75 Million |
| Wanda Cinema Line Corp (002739) | $1.21 Billion | 25.19% | 0.58x | $3.12 Billion |
| Shanghai Lisheng Racing Co Ltd (002858) | $767.19 Million | -8.35% | 0.34x | $410.17 Million |
| Guangzhou Jinyi Media Corp (002905) | $76.83 Million | -117.60% | 37.67x | $524.79 Million |
About Perfect World Co Ltd
Perfect World Co., Ltd. engages in the research and development, distribution, and operation of online games in China and internationally. It is involved in developing film and television businesses, such as TV series and short drama production. The company was formerly known as Perfect World Pictures Co., Ltd. and changed its name to Perfect World Co., Ltd. in July 2016. Perfect World Co., Ltd. … Read more