Chinese game publisher XD jumps on robust 2024 earnings outlook

XD

05/03/2025 03:35

** XD Inc 2400.HK jumps 14.7% to HK$36.2, highest since February 18

** Stock set for biggest one-day pct gain since February 6

** Chinese game publisher expects 2024 net profit in 860 mln yuan (~$118 mln)-940 mln yuan range vs year-ago net loss of 65 mln yuan

** Sees rev rising 46.3%-48.7% y/y as newly launched self-developed games boost rev, gross profit margin

** Stock up ~41% YTD

($1 = 7.2695 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))