HK-listed XD Inc shares jump 25% on stellar HY profit forecast
Investing.com-- Shares of Xd Inc (HK:2400) surged over 25% on Tuesday after the Chinese gaming firm issued a positive profit alert, forecasting a sharp rise in earnings for the first half of 2025.
The company expects revenue of at least RMB3.05 billion ($420 million), up 37% year-on-year, and net profit to more than triple to RMB790 million, a 215% increase from the same period last year.
Hong Kong-listed shares of the company rose as much as 26.7% to HK$71.90 on Tuesday. They were trading 23.6% higher at HK$70.15 as of 05:38 GMT.
The strong performance was driven by popular self-developed games like ’Ragnarok M: Classic’, ’Heartopia’, and ’Torchlight: Infinite’, alongside improved monetization on its TapTap gaming platform.
The company cited better advertising algorithms and higher user engagement for the platform’s growth.
XD Inc. cautioned that the figures are preliminary and subject to audit adjustments.
