Perfect World Revenues Driven By Fantasy Zhu Xian

Perfect World (Nasdaq: PWRD) announced its results for the fourth quarter and fiscal year ended December 31, 2009.

Total revenues were RMB607.9 million (USD89.1 million) in 4Q09, an increase of 3.0%, or RMB17.9 million, fromRMB590.0 million in 3Q09, and an increase of 45.5%, or RMB190.1 million, from RMB417.8 million in 4Q08. The sequential growth in online game operation revenues was primarily attributable to a number of achievements, including the launch of "Fantasy Zhu Xian," the release of expansion packs for some of the Company's existing games and a series of marketing activities.

Net income  was RMB270.8 million (USD39.7 million) in 4Q09, as compared to RMB288.3 million in 3Q09 and RMB124.8 million in 4Q08.

The aggregate average concurrent users (ACU) for games under operation in mainland China was approximately 1,157,000 in 4Q09, as compared to 713,000 in 3Q09 and 690,000 in 4Q08.

The active paying customers (APC) for games operated in mainland China under the item-based revenue model was approximately 2,188,000 in 4Q09, as compared to 1,643,000 in 3Q09 and 1,546,000 in 4Q08. The average revenue per active paying customer (ARPU) for games operated in mainland China under the item-based revenue model was RMB223 in 4Q09, as compared to RMB266 in 3Q09 andRMB225 in 4Q08.

The increase in ACU and APC from 3Q09 was mainly due to the strong performance of the newly launched "Fantasy Zhu Xian" and the continued popularity of a number of the Company's existing games. The decrease in ARPU from 3Q09 was mainly due to the dilution effect arising from the launch of "Fantasy Zhu Xian" during 4Q09.

Based on current operations, total revenues for the first quarter of 2010 are expected to be between RMB620 million and RMB644 million, representing an increase of 2% to 6% on a sequential basis and an increase of 46% to 51% on a year-over-year basis.