HK Stock Market Move | XD INC (02400) opened more than 11% higher after the profit celebration, with an expected net profit of up to 940 million yuan last year, turning losses into profits year-on-year.

XD INC (02400) opened more than 11% higher after announcing positive earnings, and was up 11.57% as of the time of writing, trading at HK$35.2 with a turnover of HK$138.195 million. On the news front, XD INC announced positive earnings, with the group expecting to achieve revenue of approximately RMB 49.6 billion to 50.4 billion in the fiscal year 2024, representing a year-on-year increase of about 46.3% to 48.7%; and a net profit of approximately RMB 8.6 billion to 9.4 billion in the fiscal year 2024, turning losses into profits. This was mainly driven by the successful performance of the self-developed games "Let's Go Muffin", "Linglan Sword", and "Heartbeat Town", which have improved the group's revenue and gross profit margin; TapTap also achieved continued growth in revenue and profits.