Summary by Moomoo AI
On August 5, 2024, XD Inc. released a positive profit forecast, expecting significant growth in revenue and net profit for the six months ending on June 30, 2024. According to preliminary assessments, the group's revenue is expected to be between approximately 218 million yuan and 223 million yuan, an increase of about 24.4% to 27.2% year on year, mainly due to the revenue from the newly released games "Let's go, muffin" and "Sword of Orchids" as well as the increased revenue from TapTap China's information services. Net profit is expected to be between about 22 million yuan and 27 million yuan, a significant increase of about 114.0% to 162.7% year on year, mainly due to the increase in total revenue and gross margin. This forecast has not been audited or reviewed by independent auditors and/or audit committees, and may be subject to adjustments. The company will publish the official mid-year performance announcement before the end of August 2024. Shareholders and potential investors should exercise caution.
