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XD, Inc. ( (HK:2400) ) has shared an announcement.
XD Inc. has announced a positive profit alert for the fiscal year 2024, with expected revenues between RMB4,960 million and RMB5,040 million, marking a significant increase from the previous year. The company anticipates a net profit ranging from RMB860 million to RMB940 million, a substantial turnaround from the net loss recorded in 2023. The growth is attributed to the successful launch of new games and the continued performance of TapTap, although partially offset by decreased revenues from existing games and increased marketing expenses.
More about XD, Inc.
XD Inc. is a company incorporated in the Cayman Islands, operating in the gaming industry. The company focuses on developing and launching self-developed games and operates the TapTap platform, which is a significant contributor to its revenue and profit growth.
YTD Price Performance: 29.22%
Average Trading Volume: 4,099,447
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$15.69B
Find detailed analytics on 2400 stock on TipRanks’ Stock Analysis page.