Summary by Moomoo AI
xd inc announced its financial report for the six months ended June 30, 2024, showing a significant increase in revenue and gross profit. Revenue increased from RMB 1,753,102 thousand in the same period of 2023 to RMB 2,220,567 thousand, a growth of 26.7%; gross profit increased from 1,037,261 thousand to 1,496,811 thousand, a growth of 44.3%. During the period, net profit surged from 102,788 thousand to 250,579 thousand, an increase of 143.8%. The net profit attributable to equity holders of the company also increased from 90,194 thousand to 205,102 thousand, a growth of 127.4%. Adjusted net profit and net profit attributable to equity holders of the company increased by 115.1% and 110.0% respectively. In the gaming business sector, new self-developed games "GoGo Muffin", "Sword of Convallaria", and "Torchlight: Infinite" drove revenue growth. In the platform business sector, the average monthly active users of the TapTap China App increased by 27.3% to 43.2 million. The group continues to implement cost control and efficiency improvement measures, successfully achieving a pre-adjustment EBITDA profit of RMB 319.3 million, a year-on-year increase of 72.7%.