XD Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SEHK:2400 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Nov 25	SellHK$8,023,000	Yunjie Dai	Individual	113,000	HK$71.00
26 Nov 25	SellHK$8,037,900	Yunjie Dai	Individual	114,500	HK$70.20
14 Oct 25	SellHK$12,554,364	Yunjie Dai	Individual	170,800	HK$73.50
25 Sep 25	SellHK$128,475,005	Yimeng Huang	Individual	1,500,000	HK$85.65
16 Jun 25	SellHK$75,918,375	Yimeng Huang	Individual	1,624,600	HK$46.73

Insider Trading Volume

Insider Buying: 2400 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 2400?
Owner Type	Number of Shares	Ownership Percentage
Institutions	52,798,613	10.9%
Individual Insiders	212,748,300	43.9%
General Public	218,646,661	45.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 54.49% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
32.9%	Yimeng Huang	159,185,800	HK$10.7b	0%	no data
11.1%	Yunjie Dai	53,562,500	HK$3.6b	-1.01%	no data
2.35%	The Vanguard Group, Inc.	11,390,953	HK$766.6m	0.38%	no data
1.83%	China Asset Management Co. Ltd.	8,844,000	HK$595.2m	0%	0.06%
1.41%	Fullgoal Fund Management Co. Ltd.	6,824,600	HK$459.3m	0%	0.13%
1.06%	BlackRock, Inc.	5,150,200	HK$346.6m	0.37%	no data
0.64%	Purekind Fund Management Co.,Ltd.	3,080,600	HK$207.3m	0%	2.12%
0.55%	Harvest Fund Management Co. Ltd.	2,660,800	HK$179.1m	0%	0.03%
0.49%	Van Eck Associates Corporation	2,373,000	HK$159.7m	1.45%	0.01%
0.43%	Boston Partners Global Investors, Inc.	2,066,000	HK$139.0m	0%	0.01%
0.26%	Dimensional Fund Advisors LP	1,280,446	HK$86.2m	3.14%	no data
0.18%	State Street Global Advisors, Inc.	867,000	HK$58.3m	0.77%	no data
0.17%	Acadian Asset Management LLC	847,266	HK$57.0m	5.72%	0.01%
0.17%	Hwabao WP Fund Management Co., Ltd	843,200	HK$56.7m	0%	0.04%
0.15%	GF Fund Management Co., Ltd.	709,400	HK$47.7m	0%	0.01%
0.14%	Norges Bank Investment Management	693,231	HK$46.7m	0%	no data
0.13%	American Century Investment Management Inc	632,600	HK$42.6m	87.9%	no data
0.12%	Causeway Capital Management LLC	559,000	HK$37.6m	0%	0.01%
0.1%	First Trust Advisors LP	498,652	HK$33.6m	9.26%	no data
0.094%	Mirae Asset Global Investments Co., Ltd.	454,620	HK$30.6m	-7.27%	no data
0.071%	Strategic Advisers LLC	345,207	HK$23.2m	-0.02%	no data
0.063%	SEI Investments Company	305,729	HK$20.6m	1.26%	no data
0.048%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	232,800	HK$15.7m	0%	no data
0.047%	China Post & Capital Fund Management Co., Ltd.	229,000	HK$15.4m	0%	0.08%
0.046%	Geode Capital Management, LLC	223,007	HK$15.0m	0.81%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/06 22:26
End of Day Share Price	2025/12/05 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Lei Zhang	BofA Global Research
Xueqing Zhang	China International Capital Corporation Limited
Yiwen Zhang	China Renaissance Securities