Market Insight | XD INC's stock surged over 4% in the afternoon, with a year-on-year net profit growth of 127% in the first half of the year, and TapTap's monthly active users reached a new high

XD INC rose more than 4% in the afternoon, up 4.17% as of press time, at HKD 20.25, with a turnover of HKD 68.955 million. On the news front, XD INC released its mid-year performance for 2024, with revenue of RMB 2.221 billion, a year-on-year increase of 26.7%; equity holders' share of profit was RMB 205 million, up 127.4% year-on-year; equity holders' share of adjusted profit was RMB 237 million, up 110% year-on-year; basic earnings per share was RMB 0.43. In terms of specific business data, the monthly active users of TapTap China reached a new high since the company's listing in Hong Kong at the end of 2019, reaching 43.24 million, an increase of 27.3%; TapTap platform business revenue was RMB 730 million, up 21.7% year-on-year. The company's game business revenue in the first half of the year was RMB 1.49 billion, up nearly 30%. This can be attributed to the launch of "Sword of the Lily" and "Let's Go, Muffin" in China at the end of last year and the first half of this year, respectively