Summary by Futu AI
XD Inc. announced positive profit forecast on August 5th, 2024, expecting significant growth in revenue and net profit for the six months ending June 30th, 2024. Preliminary assessment shows that the group's revenue is expected to be between about RMB 2,180 million to RMB 2,230 million, an increase of about 24.4% to 27.2% year-on-year, primarily due to the revenue from new gaming releases "Let's Go, Muffin" and "Sword of Orchid", and an increase in revenue from TapTap China's information services. Net profit is expected to be between about RMB 220 million to RMB 270 million, an 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 official interim performance announcement will be published by the end of August 2024. Shareholders and potential investors should act with caution.