HK Stock Market Move | XD INC (02400) surged over 4% in the afternoon, with a 7.5% increase in revenue for the first half of the year. Both online games and paid games saw significant growth.
Heart Moving Company (02400) rose more than 4% in the afternoon, and as of the time of publishing, it is up 3.88%, at 43.86 Hong Kong dollars, with a trading volume of 194 million Hong Kong dollars.
XD INC (02400) rose over 4% in the afternoon, and as of the time of publication, it was up 3.88%, priced at HKD 43.86, with a trading volume of HKD 194 million.
In terms of news, XD INC released its interim results at noon, reporting a revenue of RMB 3.312 billion for the first half of the year, a year-on-year increase of 7.5%; profits of RMB 714 million, a year-on-year decrease of 5.4%; and adjusted profits of RMB 772 million, down 3.0% year-on-year. The groups existing game portfolio includes 23 online games and 52 paid games.
According to the announcement, in the first half of the year, the companys revenue from online games increased by 11.0% year-on-year to approximately RMB 2.2 billion. This growth was primarily due to the popularity of "Heartwarming Town" after its launch in several countries and regions overseas. In addition, revenue from paid games reached RMB 82.529 million, a 30.9% increase compared to the same period last year, mainly attributed to the contribution from the mobile version of "Diver Dave" after its launch.
Related Articles

HK Stock Market Move | CIRRUS (02507) rose nearly 6% again, with aircraft deliveries continuing to increase. The net profit for the first half of the year grew by more than 35% year-on-year.

Morgan Stanley: Downgrade Bilibili, Inc. Sponsored ADR Class Z (BILI.US) target price to $27, reiterate "Overweight" rating.

Morgan Stanley: Raised the target price for WuXi AppTec (02359) to HKD 220 and reiterated the "Overweight" rating.
HK Stock Market Move | CIRRUS (02507) rose nearly 6% again, with aircraft deliveries continuing to increase. The net profit for the first half of the year grew by more than 35% year-on-year.

Morgan Stanley: Downgrade Bilibili, Inc. Sponsored ADR Class Z (BILI.US) target price to $27, reiterate "Overweight" rating.

Morgan Stanley: Raised the target price for WuXi AppTec (02359) to HKD 220 and reiterated the "Overweight" rating.

RECOMMEND





