XD, Inc. (2400) AI Stock Analysis

• Market Cap: HK$34.02B
• Dividend Yield: 0.57%
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): 22.5
• Beta (1Y): 1.26
• Revenue Growth: 51.87%
• EPS Growth: 4031.49%
• Country: HK
• Employees: 1,400
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 1.68
• Shares Outstanding: 494,874,100
• 10 Day Avg. Volume: 2,616,294
• 30 Day Avg. Volume: 2,886,034
• PEG Ratio: -0.01
• Price to Book (P/B): 4.51
• Price to Sales (P/S): 2.26
• P/FCF Ratio: 9.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$85.37
• Price Target Upside: 22.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: HK$74.00 ▲(5.87% Upside)

XD, Inc. demonstrates strong financial performance with significant revenue growth and financial stability, but faces challenges in cash flow generation. Technical analysis indicates bearish momentum, and the valuation is fair with a moderate P/E ratio. The lack of earnings call and corporate events data limits further insights.

XD, Inc. Business Overview & Revenue Model

Company Description

XD, Inc. (2400) is a leading technology company specializing in advanced software solutions and innovative digital products. Operating primarily in the tech sector, XD, Inc. focuses on developing applications that enhance user experience across various platforms, including mobile, web, and enterprise solutions. The company is recognized for its cutting-edge design tools and user interface frameworks that cater to a diverse clientele ranging from startups to large enterprises.

How the Company Makes Money

XD, Inc. generates revenue through multiple channels, including software licensing, subscription-based models, and professional services. The company offers its flagship products through both one-time purchase licenses and ongoing subscriptions, providing a steady stream of recurring revenue. Additionally, XD, Inc. capitalizes on professional services such as consulting, training, and customization to meet specific client needs, thereby enhancing customer satisfaction and loyalty. Strategic partnerships with other tech firms and educational institutions also contribute to its earnings by expanding market reach and creating collaborative offerings.

XD, Inc. Financial Statement Overview

Summary

XD, Inc. shows promising growth in revenue and profitability, with strong financial stability indicated by a healthy equity base and low debt-to-equity ratio. However, challenges in cash flow generation highlight the need for better cash conversion and operational cash generation.

Income Statement

The company has demonstrated strong revenue growth with a 48% increase from 2023 to 2024. Gross profit margin improved significantly, indicating better cost management. Net profit margin turned positive, showing a substantial recovery from previous losses. However, EBIT and EBITDA margins are still recovering, suggesting ongoing improvements but potential volatility in operational efficiency.

Balance Sheet

The balance sheet reflects a healthy equity base with a strong equity ratio of 64%, indicating financial stability. The debt-to-equity ratio is low, suggesting prudent leverage management. Return on Equity (ROE) turned positive, enhancing shareholder value. However, fluctuations in total assets and liabilities over recent years highlight potential concerns about asset utilization and liability management.

Cash Flow

The cash flow statement shows challenges with operating cash flow and free cash flow, particularly as both metrics were zero in the most recent year. Despite previous improvements in free cash flow, the lack of growth poses concerns about cash generation capabilities. The company needs to focus on converting income into cash more effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.87B	5.01B	3.39B	3.43B	2.70B	2.85B
Gross Profit	4.23B	3.48B	2.07B	1.84B	1.23B	1.53B
EBITDA	1.57B	981.28M	228.75M	-484.03M	-932.38M	135.59M
Net Income	1.36B	811.53M	-83.04M	-553.50M	-863.81M	9.14M
Balance Sheet
Total Assets	4.51B	3.92B	4.41B	4.80B	5.04B	3.34B
Cash, Cash Equivalents and Short-Term Investments	3.18B	2.91B	3.35B	3.59B	3.96B	2.32B
Total Debt	133.41M	159.17M	1.76B	2.10B	1.82B	129.99M
Total Liabilities	1.30B	1.21B	2.54B	2.89B	2.66B	764.62M
Stockholders Equity	2.99B	2.51B	1.71B	1.89B	2.30B	2.30B
Cash Flow
Free Cash Flow	898.50M	1.25B	218.99M	-364.98M	-566.96M	275.74M
Operating Cash Flow	900.93M	1.28B	235.45M	-327.88M	-475.20M	348.19M
Investing Cash Flow	-16.40M	17.42M	343.86M	230.61M	-986.01M	387.19M
Financing Cash Flow	-271.63M	-1.74B	-500.70M	-148.15M	2.39B	330.40M

XD, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 69.90
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2400, the sentiment is Positive. The current price of 69.9 is above the 20-day moving average (MA) of 69.63, below the 50-day MA of 75.89, and above the 200-day MA of 51.87, indicating a neutral trend. The MACD of -1.60 indicates Negative momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 42.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2400.

XD, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0799	70 Outperform	$4.41B	7.69	17.91%	3.76%	4.02%	-23.98%
0434	69 Neutral	$3.61B	3.86	35.27%	2.41%	8.72%	129.12%
2400	61 Neutral	HK$34.02B	22.49	57.06%	0.57%	51.87%	4031.49%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
6633	54 Neutral	HK$2.45B	29.91	4.10%	―	-41.86%	―
6820	51 Neutral	HK$1.16B	16.11	5.50%	―	30.71%	―
0797	50 Neutral	HK$2.03B	-51.72	-2.25%	―	6.33%	87.05%

XD, Inc. Corporate Events

XD Inc. Grants Share Options to Key Personnel

XD Inc. announced the grant of 143,694 share options under its Share Option Plan to eligible participants, including directors and employees, with an exercise price of HK$71.37 per share. This grant, particularly the allocation of 122,500 options to the company’s chairman and CEO, Mr. HUANG Yimeng, underscores the company’s commitment to aligning management interests with shareholder value, potentially impacting its market positioning by incentivizing key personnel.

The most recent analyst rating on (HK:2400) stock is a Hold with a HK$81.40 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.

XD Inc. Updates Nomination Committee Terms to Enhance Governance

XD Inc., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced amendments to the terms of reference for its Nomination Committee. The committee, which was established in 2019, will consist of at least three members, with a majority being independent non-executive directors, including at least one director of a different gender. The changes are aimed at enhancing the governance structure and ensuring diversity within the company’s board.

The most recent analyst rating on (HK:2400) stock is a Buy with a HK$67.50 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.

XD Inc. Reports Robust Financial Growth in H1 2025

XD Inc. reported significant financial growth for the first half of 2025, with a 38.8% increase in revenue and a 223.5% rise in profit compared to the same period in 2024. The company also saw a notable increase in its online games’ average monthly active users (MAUs) and monthly paying users (MPUs), reflecting strong operational performance and market expansion.

The most recent analyst rating on (HK:2400) stock is a Buy with a HK$67.50 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.

XD Inc. Schedules Board Meeting to Review Interim Results

XD Inc. has announced a board meeting scheduled for August 29, 2025, to discuss and approve the interim financial results for the first half of the year ending June 30, 2025. The meeting will also consider the recommendation of an interim dividend, which could impact shareholder returns and the company’s financial strategy.

The most recent analyst rating on (HK:2400) stock is a Buy with a HK$60.00 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.

XD Inc. Acquires 5.30% Stake in Target Company Through Share Purchase Agreement

XD Inc., through its wholly-owned subsidiary, has entered into a Share Purchase Agreement to acquire 7,086,420 Series B1 Preferred Shares of a target company for US$14,000,000, representing a 5.30% equity interest. This transaction, classified as a connected transaction under Hong Kong’s Listing Rules due to the target company’s ownership by a non-executive director of XD Inc., does not require independent shareholders’ approval but is subject to announcement and reporting requirements.

The most recent analyst rating on (HK:2400) stock is a Buy with a HK$60.00 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.

XD Inc. Projects Significant Profit Growth for First Half of 2025

XD Inc. has issued a positive profit alert, announcing an expected revenue of no less than RMB3,050 million for the first half of 2025, marking a 37% increase compared to the same period in 2024. The net profit is projected to reach at least RMB790 million, a 215% rise from the previous year. This growth is attributed to the strong performance of its self-developed games and the sustained growth of TapTap, despite some offsetting factors such as decreased revenue from certain existing games and increased performance-based compensation.

The most recent analyst rating on (HK:2400) stock is a Buy with a HK$60.00 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.