XD Inc. (2400.HK) stock price, financials & research

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Company profile

XD Inc., an investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. It operates through the Game and TapTap platform segments. The company operates TapTap, a game community and platform that provides online marketing services to game developers, and game publishers or their agents, as well as provides information services. Its game portfolio comprises online games and premium games. In addition, the company is involved in the catering business; and invests in game development entities. XD Inc. was founded in 2011 and is headquartered in Shanghai, the People’s Republic of China.

Industry: Electronic Gaming & Multimedia
Sector: Technology
Headquarters: CN
CEO: Yi Meng Huang
Listed since: Dec 12, 2019
Employees: 1,554

Market position

Day range

Current HK$41.76

HK$41.22HK$42.52

52-week range

Current HK$41.76

HK$40.10HK$92.45

Open: HK$42.52
Previous close: HK$42.60
Volume: 1.36M; 0.43× average
Average volume: 3.14M; Average daily volume
Market cap: 19.92B HKD
Beta: 1.75; Market reference 1
50-day average: HK$45.0244; -7.25% below average
200-day average: HK$62.3028; -32.97% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 25.56B CNY
P/E (TTM): 11.29×
P/B (TTM): 4.77×
P/S (TTM): 2.95×
EV / EBITDA: 15.18×
Earnings yield: 5.27%
Free cash flow yield: 4.77%
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 73.82%
Operating margin: 29.15%
Net margin: 26.64%
Return on equity: 40.27%
Return on assets: 29.40%
Return on invested capital: 38.31%

Financial health

Debt / equity: 0.03×
Current ratio: 3.97×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

5.76B CNY+15.00%

Operating income

1.68B CNY+83.64%

Net income

1.54B CNY+89.18%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	5.76B CNY	5.01B CNY	3.39B CNY	3.43B CNY	2.7B CNY
Cost of goods sold	1.51B CNY	1.53B CNY	1.32B CNY	1.6B CNY	1.48B CNY
Gross profit	4.25B CNY	3.48B CNY	2.07B CNY	1.84B CNY	1.23B CNY
Research and development	981.4M CNY	919.45M CNY	1.02B CNY	1.28B CNY	1.24B CNY
Selling, general, and administrative	1.65B CNY	1.66B CNY	1.09B CNY	1.16B CNY	1.01B CNY
Operating expenses	2.57B CNY	2.56B CNY	2.07B CNY	2.4B CNY	2.17B CNY
Interest income	48.35M CNY	38.22M CNY	92.31M CNY	38.53M CNY	30.15M CNY
Interest expense	6.71M CNY	18.72M CNY	114.18M CNY	55.69M CNY	39.35M CNY
Depreciation and amortization	17.98M CNY	51.29M CNY	144.67M CNY	81.66M CNY	71.4M CNY
Operating income	1.68B CNY	914.79M CNY	−5.22M CNY	−565.7M CNY	−955.52M CNY
Net income	1.54B CNY	811.53M CNY	−83.04M CNY	−553.5M CNY	−863.81M CNY