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
Valuation	2/6
Future Growth	3/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 2.4% below our estimate of its fair value

Earnings are forecast to grow 12.13% per year

Became profitable this year

Risk Analysis

No risks detected for 2400 from our risk checks.

Community vs My Fair Value

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XD Inc. Competitors

Kingsoft

SEHK:3888

HK$57.3b

NetDragon Websoft Holdings

SEHK:777

HK$5.4b

IGG

SEHK:799

HK$4.2b

Boyaa Interactive International

SEHK:434

HK$2.9b

Price History & Performance

Summary of share price highs, lows and changes for XD
Historical stock prices
Current Share Price	HK$37.70
52 Week High	HK$40.40
52 Week Low	HK$15.50
Beta	1.46
1 Month Change	14.76%
3 Month Change	44.17%
1 Year Change	131.57%
3 Year Change	99.26%
5 Year Change	54.51%
Change since IPO	31.82%

Recent updates

Shareholder Returns

	2400	HK Entertainment	HK Market
7D	11.9%	3.6%	2.0%
1Y	131.6%	10.8%	14.5%

Return vs Industry: 2400 exceeded the Hong Kong Entertainment industry which returned 11.1% over the past year.

Return vs Market: 2400 exceeded the Hong Kong Market which returned 13.8% over the past year.

Price Volatility

Is 2400's price volatile compared to industry and market?
2400 volatility
2400 Average Weekly Movement	10.4%
Entertainment Industry Average Movement	9.4%
Market Average Movement	8.1%
10% most volatile stocks in HK Market	15.5%
10% least volatile stocks in HK Market	4.3%

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 (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	1,400	Yimeng Huang	2400.hk

XD Inc., an investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. The company operates TapTap, a game community and platform, as well as provides information services. Its game portfolio comprises online games and premium games.

XD Inc. Fundamentals Summary

How do XD's earnings and revenue compare to its market cap?
2400 fundamental statistics
Market cap	HK$18.10b
Earnings (TTM)	HK$871.45m
Revenue (TTM)	HK$5.38b

20.8x

P/E Ratio

3.4x

P/S Ratio

Is 2400 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2400 income statement (TTM)
Revenue	CN¥5.01b
Cost of Revenue	CN¥1.53b
Gross Profit	CN¥3.48b
Other Expenses	CN¥2.67b
Earnings	CN¥811.53m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.69
Gross Margin	69.40%
Net Profit Margin	16.19%
Debt/Equity Ratio	0%

How did 2400 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

22%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/06 16:01
End of Day Share Price	2025/05/06 00:00
Earnings	2024/12/31
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. 11 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