Perfect World Co., Ltd. (PWRD)
Q1 2012 Earnings Call
May 29, 2012 9:00 p.m. EDT
Joanne Deng – IR Manager
Michael Chi – Chairman and CEO
Kelvin Lau – CFO
Vivien Wang – VP of IR
Mark Marostica – Piper Jaffray
Steve Zhang – Macquarie
Timothy Chen – Morgan Stanley
Wendy Huang – Royal Bank of Scotland
Huizi Zhang – Nomura Securities
Adam Krejcik – Roth Capital Partners
Martin Bao – CICC
Eric Wen – Mirae Asset
Andy Young – Oppenheimer
Atul Bagga – Lazard Capital
William Huang – Barclays Capital
Jialong Shi – CLSA
Ladies and gentlemen, thank you for standing by, and welcome to the Perfect World Co. Limited First Quarter Earnings Conference Call.
At this time, all participants are in a listen-only mode. There’ll be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, you’ll need to press star 1 on your telephone. In fairness to other callers, please keep your questions limited to one, and then you're free to return to the queue. I must advise you that this conference is being recorded today, Wednesday, the 30th of May, 2012.
I would now like to hand the conference over to your first speaker today, Mr. [Chip Fleming]. Thank you, sir, please go ahead.
Thank you, operator, and thank you everyone for joining us today for Perfect World’s first quarter 2012 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 newswires.