HK Stock Market Move | XD INC (02400) rose by more than 3%, with the highest number of game approvals in December. Institutions predict that the domestic gaming industry trend will improve throughout the year.

XD INC (02400) rose more than 3%, as of press time, up 3.36% at HKD 26.15, with a turnover of HKD 38.9247 million. Huachuang Securities released a research report stating that on the afternoon of December 24th, the National Press and Publication Administration issued the "December 2024 Domestic Online Game Approval Information" and "December 2024 Import Online Game Approval Information", with a total of 135 games receiving approval, the highest in the year. The bank believes that the record high number of approvals indicates a positive trend in the domestic gaming industry for the year; leading companies with high-quality content IP products approved for release, setting a positive outlook for the gaming industry in the coming year. According to the report on the Chinese game industry in 2024 released by the Game Committee of the China Audiovisual and Digital Publishing Association, the actual sales revenue of the domestic game market in 2024 reached RMB 325.783 billion, a year-on-year increase of 7.53%, reaching a new high. The number of game users reached 674 million, a year-on-year increase of 0.94%, also reaching a historical high. The bank believes that the main drivers are: an increase in the number of new games and the emergence of popular games; stable operation of multiple long-standing products; impressive performance and strong growth momentum in casual games; and multi-platform distribution and cloud gaming providing convenience for user consumption.