Summary by Futu 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, an increase of 26.7%; gross profit increased from RMB 1,037,261 thousand to RMB 1,496,811 thousand, an increase of 44.3%. Net profit for the period soared from RMB 102,788 thousand to RMB 250,579 thousand, an increase of 143.8%. The profit attributable to equity holders of the Company also increased from RMB 90,194 thousand to RMB 205,102 thousand, an increase of 127.4%. Adjusted net profit and 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, TapTap China's average monthly active users increased by 27.3% to reach 43.2 million. The Group continues to implement cost control and efficiency improvement measures, and successfully achieved a profit before adjusted interest, taxes, depreciation, and amortization of RMB 319.3 million, a year-on-year increase of 72.7%.
