XD Inc anticipates significant profit surge for 2024
XD Inc. (HKEX: 2400) announced a positive profit alert, forecasting a revenue increase of 46.3% to 48.7%, ranging from RMB4.96 billion to RMB5.04 billion for the year ended December 31, 2024. This significant growth is expected to translate into a net profit between RMB860 million and RMB940 million, a stark contrast to the RMB65 million net loss recorded in 2023. The company attributes this turnaround to the strong performance of newly launched self-developed games, including "GoGo Muffin," "Sword of Convallaria," and "Heartopia," as well as sustained growth from its TapTap platform. While certain existing games saw revenue declines and marketing expenses increased, the overall impact on earnings is expected to be positive. XD Inc. advises caution to shareholders and potential investors and expects to publish its final results by the end of March 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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