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XD Inc.SEHK:2400 Stock Report

Market Cap HK$31.3b
Share Price
HK$65.20
HK$82.88
21.3% undervalued intrinsic discount
1Y106.3%
7D4.4%
Portfolio Value
View

XD Inc.

SEHK:2400 Stock Report

Market Cap: HK$31.3b

XD (2400) Stock Overview

An investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. More details

2400 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

2400 Community Fair Values

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US$2.5
52.0% undervalued intrinsic discount
Fair Value
Profit Margin
13.35%
Future PE
19.55x
Price in 2031
US$3.8

XD Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for XD
Historical stock prices
Current Share PriceHK$65.20
52 Week HighHK$92.45
52 Week LowHK$30.80
Beta1.85
1 Month Change-10.07%
3 Month Change-24.19%
1 Year Change106.33%
3 Year Change165.58%
5 Year Change2.03%
Change since IPO449.75%

Recent News & Updates

The XD Inc. (HKG:2400) Annual Results Are Out And Analysts Have Published New Forecasts

Mar 30
The XD Inc. (HKG:2400) Annual Results Are Out And Analysts Have Published New Forecasts

XD (HKG:2400) Is Very Good At Capital Allocation

Feb 09
XD (HKG:2400) Is Very Good At Capital Allocation

Recent updates

The XD Inc. (HKG:2400) Annual Results Are Out And Analysts Have Published New Forecasts

Mar 30
The XD Inc. (HKG:2400) Annual Results Are Out And Analysts Have Published New Forecasts

XD (HKG:2400) Is Very Good At Capital Allocation

Feb 09
XD (HKG:2400) Is Very Good At Capital Allocation

What XD Inc.'s (HKG:2400) 26% Share Price Gain Is Not Telling You

Jan 12
What XD Inc.'s (HKG:2400) 26% Share Price Gain Is Not Telling You

Should You Investigate XD Inc. (HKG:2400) At HK$65.40?

Jan 03
Should You Investigate XD Inc. (HKG:2400) At HK$65.40?

XD Inc.'s (HKG:2400) Intrinsic Value Is Potentially 62% Above Its Share Price

Dec 20
XD Inc.'s (HKG:2400) Intrinsic Value Is Potentially 62% Above Its Share Price

There's Reason For Concern Over XD Inc.'s (HKG:2400) Price

Nov 20
There's Reason For Concern Over XD Inc.'s (HKG:2400) Price

XD (HKG:2400) Knows How To Allocate Capital Effectively

Nov 09
XD (HKG:2400) Knows How To Allocate Capital Effectively

Revenue Beat: XD Inc. Exceeded Revenue Forecasts By 20% And Analysts Are Updating Their Estimates

Oct 02
Revenue Beat: XD Inc. Exceeded Revenue Forecasts By 20% And Analysts Are Updating Their Estimates

Is Now The Time To Look At Buying XD Inc. (HKG:2400)?

Sep 28
Is Now The Time To Look At Buying XD Inc. (HKG:2400)?

Estimating The Intrinsic Value Of XD Inc. (HKG:2400)

Sep 15
Estimating The Intrinsic Value Of XD Inc. (HKG:2400)

Analyst Forecasts For XD Inc. (HKG:2400) Are Surging Higher

Sep 03
Analyst Forecasts For XD Inc. (HKG:2400) Are Surging Higher

XD Inc. Just Beat Revenue By 20%: Here's What Analysts Think Will Happen Next

Sep 02
XD Inc. Just Beat Revenue By 20%: Here's What Analysts Think Will Happen Next

What XD Inc.'s (HKG:2400) 51% Share Price Gain Is Not Telling You

Aug 11
What XD Inc.'s (HKG:2400) 51% Share Price Gain Is Not Telling You

Investors Shouldn't Overlook XD's (HKG:2400) Impressive Returns On Capital

Jul 30
Investors Shouldn't Overlook XD's (HKG:2400) Impressive Returns On Capital

Optimistic Investors Push XD Inc. (HKG:2400) Shares Up 28% But Growth Is Lacking

Jun 27
Optimistic Investors Push XD Inc. (HKG:2400) Shares Up 28% But Growth Is Lacking

At HK$46.10, Is It Time To Put XD Inc. (HKG:2400) On Your Watch List?

Jun 22
At HK$46.10, Is It Time To Put XD Inc. (HKG:2400) On Your Watch List?

Shareholders Will Probably Hold Off On Increasing XD Inc.'s (HKG:2400) CEO Compensation For The Time Being

May 22
Shareholders Will Probably Hold Off On Increasing XD Inc.'s (HKG:2400) CEO Compensation For The Time Being

XD Inc.'s (HKG:2400) Shares Climb 31% But Its Business Is Yet to Catch Up

May 07
XD Inc.'s (HKG:2400) Shares Climb 31% But Its Business Is Yet to Catch Up

Results: XD Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 31
Results: XD Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

At HK$36.40, Is XD Inc. (HKG:2400) Worth Looking At Closely?

Mar 05
At HK$36.40, Is XD Inc. (HKG:2400) Worth Looking At Closely?

XD Inc.'s (HKG:2400) P/S Is On The Mark

Feb 03
XD Inc.'s (HKG:2400) P/S Is On The Mark

Is XD Inc. (HKG:2400) Trading At A 41% Discount?

Dec 06
Is XD Inc. (HKG:2400) Trading At A 41% Discount?

XD Inc.'s (HKG:2400) Shares Climb 29% But Its Business Is Yet to Catch Up

Sep 30
XD Inc.'s (HKG:2400) Shares Climb 29% But Its Business Is Yet to Catch Up

HK$24.22 - That's What Analysts Think XD Inc. (HKG:2400) Is Worth After These Results

Sep 03
HK$24.22 - That's What Analysts Think XD Inc. (HKG:2400) Is Worth After These Results

XD Inc.'s (HKG:2400) 32% Price Boost Is Out Of Tune With Revenues

Aug 06
XD Inc.'s (HKG:2400) 32% Price Boost Is Out Of Tune With Revenues

Increases to XD Inc.'s (HKG:2400) CEO Compensation Might Cool off for now

Jun 18
Increases to XD Inc.'s (HKG:2400) CEO Compensation Might Cool off for now

XD Inc.'s (HKG:2400) 26% Price Boost Is Out Of Tune With Revenues

Jun 05
XD Inc.'s (HKG:2400) 26% Price Boost Is Out Of Tune With Revenues

XD (HKG:2400) Will Want To Turn Around Its Return Trends

May 21
XD (HKG:2400) Will Want To Turn Around Its Return Trends

XD Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Mar 31
XD Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Does XD (HKG:2400) Have A Healthy Balance Sheet?

Mar 29
Does XD (HKG:2400) Have A Healthy Balance Sheet?

Revenues Not Telling The Story For XD Inc. (HKG:2400) After Shares Rise 80%

Feb 22
Revenues Not Telling The Story For XD Inc. (HKG:2400) After Shares Rise 80%

XD Inc. (HKG:2400) Not Doing Enough For Some Investors As Its Shares Slump 36%

Dec 23
XD Inc. (HKG:2400) Not Doing Enough For Some Investors As Its Shares Slump 36%

Is XD (HKG:2400) Using Debt In A Risky Way?

Dec 04
Is XD (HKG:2400) Using Debt In A Risky Way?

Is XD (HKG:2400) A Risky Investment?

Sep 01
Is XD (HKG:2400) A Risky Investment?

Should You Investigate XD Inc. (HKG:2400) At HK$23.30?

May 12
Should You Investigate XD Inc. (HKG:2400) At HK$23.30?

The XD Inc. (HKG:2400) Yearly Results Are Out And Analysts Have Published New Forecasts

Apr 02
The XD Inc. (HKG:2400) Yearly Results Are Out And Analysts Have Published New Forecasts

XD (HKG:2400) Has Debt But No Earnings; Should You Worry?

Sep 28
XD (HKG:2400) Has Debt But No Earnings; Should You Worry?

XD Inc. (HKG:2400) Shares Could Be 46% Below Their Intrinsic Value Estimate

Jun 21
XD Inc. (HKG:2400) Shares Could Be 46% Below Their Intrinsic Value Estimate

XD Inc.'s (HKG:2400) Intrinsic Value Is Potentially 22% Below Its Share Price

Mar 07
XD Inc.'s (HKG:2400) Intrinsic Value Is Potentially 22% Below Its Share Price

XD (HKG:2400) Has Debt But No Earnings; Should You Worry?

Dec 01
XD (HKG:2400) Has Debt But No Earnings; Should You Worry?

Shareholder Returns

2400HK EntertainmentHK Market
7D4.4%4.9%1.6%
1Y106.3%13.5%25.9%

Return vs Industry: 2400 exceeded the Hong Kong Entertainment industry which returned 13.1% over the past year.

Return vs Market: 2400 exceeded the Hong Kong Market which returned 26% over the past year.

Price Volatility

Is 2400's price volatile compared to industry and market?
2400 volatility
2400 Average Weekly Movement7.2%
Entertainment Industry Average Movement6.9%
Market Average Movement7.1%
10% most volatile stocks in HK Market14.7%
10% least volatile stocks in HK Market3.5%

Stable Share Price: 2400 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2400's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111,464Yimeng Huang2400.hk

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.

XD Inc. Fundamentals Summary

How do XD's earnings and revenue compare to its market cap?
2400 fundamental statistics
Market capHK$31.27b
Earnings (TTM)HK$1.76b
Revenue (TTM)HK$6.61b
17.8x
P/E Ratio
4.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2400 income statement (TTM)
RevenueCN¥5.76b
Cost of RevenueCN¥1.51b
Gross ProfitCN¥4.25b
Other ExpensesCN¥2.72b
EarningsCN¥1.54b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)3.20
Gross Margin73.82%
Net Profit Margin26.64%
Debt/Equity Ratio0%

How did 2400 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/16 23:55
End of Day Share Price 2026/04/16 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

XD Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lei ZhangBofA Global Research
Xueqing ZhangChina International Capital Corporation Limited
Yiwen ZhangChina Renaissance Securities