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Perfect World's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Perfect World Co., Ltd. (PWRD)

Q4 2011 Earnings Call

March 15, 2012 9:00 pm ET


Joanne Deng – Investor Relations Manager

Michael Yufeng Chi – Founder, Chairman and Chief Executive Officer

Kelvin Wing Kee Lau – Chief Financial Officer

Vivien Wang – Vice President, Investor Relations and Corporate Communications


Mark Marostica – Piper Jaffray

Jialong Shi – CLSA

Wendy Huang – Royal Bank of Scotland

Eddie Leung – Bank of America/Merrill Lynch

Nick Ning – Roth Capital

Ming Zhao – SIG

Martin Bao – CICC

Andy Yeung – Oppenheimer

Vincent Sun – Mirae Asset Securities

Atul Bagga – Lazard Capital

Stephen Zhang – Macquarie Funds Group

Jake Lee – Citigroup_



Ladies and gentlemen, thank you for standing by, and welcome to the Perfect World’s Fourth and Fiscal Year 2011 Conference Call. At this time, all participants are in a listen-only mode. Today’s presentation will be followed by a question-and-answer session (Operator Instructions). I must advise you that this conference is being recorded today Friday, March 16, 2012.

I would now like to hand the conference over to your host today Investor Relations Manager at Perfect World, Ms. Joanne Deng. Thank you, please go ahead.

Joanne Deng

Thank you, operator and thank you everyone for joining us today for Perfect World’s fourth quarter and fiscal year 2011 earnings release conference call. We distributed our unaudited earnings release earlier today. You may find a copy of the press release on our official website or through the Newswire.

Today you will hear from Mr. Michael Chi, our Chairman and CEO, who will give us a brief update on our business. Mr. Kelvin Lau, our CFO, will then provide an overview of the quarter and the full-year and also an update of our dividend distribution plan. Ms. Vivien Wang, our Vice President of Investor Relations and Corporate Communications will then take us through some of our latest operational developments. And then she will pass the call back to Mr. Lau to go through our financial performance in the fourth quarter of fiscal year 2011. Following the prepared remarks, Mr. Chi, Mr. Lau and Ms. Wang would be available to answer your questions.

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