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XD Inc. (2400.HK)
HKD43.46
+1.28 (+3.03%)
HK HKSE Technology Software - Application
Address
Unit A2, No. 700
Shanghai, HK
Shanghai, HK
CEO
Yi Meng Huang
Website
2400.hk
IPO
2019-12-12
ISIN KYG9830N1097
Also trades on
Hong Kong Stock Exchange · 2400.HK (HKD)
Other OTC · XDNCF (USD)
Description
XD Inc., an investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. It operates through the Game and TapTap platform segments. The company operates TapTap, a game community and platform that provides online marketing services to game developers, and game publishers or their agents, as well as provides information services. Its game portfolio comprises online games and premium games. In addition, the company is involved in the catering business; and invests in game development entities. XD Inc. was founded in 2011 and is headquartered in Shanghai, the People’s Republic of China.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
HKD43.46
+1.28 (+3.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
1.70
Float Shares
270.34M
Free Float %
56.1%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.56% | -1.74% | -18.51% | -31.19% | -28.03% | -21.59% | +37.62% | +144.47% | -19.16% | +328.75% | +328.75% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
43.46
DCF (Unlevered)
4.96
-88.6%
DCF (Levered)
22.13
-49.1%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
91% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 9 | 0 |
| Hold | 1 | -1 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
15.43
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Software - Application: +13.0%+15.0% ★ Q4'25: +63.9% (vs Q4'23)
-
EPS growth Software - Application: +28.6%+81.7% ★ Q4'25: +513.5% (vs Q4'23)
-
FCF margin FCF growth · Software - Application: +45.3%+25.4% Q4'25: +39.8% (vs Q4'23)
-
EBIT margin Software - Application: +9.4%+28.9% ★ Q4'25: +30.4% (vs Q4'23)
-
ROIC Software - Application: +7.5%+403.1% ★ Q4'25: +819.3% (vs Q4'23)
-
Share dilution Software - Application: +0.0%+4.1% Q4'25: +7.7% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×0.07× ★ Q4'25: 0.04× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 9 Rev. Ana. 5 EPS Ana. |
Dec 2027 9 Rev. Ana. 5 EPS Ana. |
Dec 2028 6 Rev. Ana. 5 EPS Ana. |
Dec 2029 5 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.84B
est: 3.04B (-6.7%)
|
2.85B
est: 3.55B (-19.8%)
|
2.70B
est: 3.24B (-16.7%)
|
3.43B
est: 3.81B (-10.0%)
|
3.39B
est: 3.59B (-5.5%)
|
5.01B
est: 5.10B (-1.8%)
|
5.76B
est: 6.06B (-4.9%)
|
7.01B
6.25B – 7.70B
+15.7% YoY
|
7.85B
6.73B – 8.57B
+12.0% YoY
|
8.79B
7.68B – 9.62B
+12.0% YoY
|
8.07B
7.05B – 8.84B
-8.2% YoY
|
| EBITDA |
655.68M
est: -106.50M (+715.7%)
|
135.59M
est: 485.13M (-72.1%)
|
-932.38M
est: 602.15M (-254.8%)
|
-484.03M
est: 766.41M (-163.2%)
|
228.76M
est: 49.78M (+359.5%)
|
981.28M
est: 71.97M (+1,263.4%)
|
1.68B
est: 84.06M (+1,902.9%)
|
97.26M
86.70M – 106.89M
+15.7% YoY
|
108.92M
93.42M – 118.87M
+12.0% YoY
|
121.97M
106.57M – 133.55M
+12.0% YoY
|
111.97M
97.83M – 122.60M
-8.2% YoY
|
| EBIT |
547.88M
est: -179.81M (+404.7%)
|
86.00M
est: 510.51M (-83.2%)
|
-1.00B
est: 633.65M (-258.4%)
|
-564.00M
est: 806.49M (-169.9%)
|
84.08M
est: -26.46M (+417.8%)
|
929.99M
est: 1.35B (-31.0%)
|
1.67B
est: -44.67M (+3,828.5%)
|
-51.69M
-56.80M – -46.07M
-15.7% YoY
|
-57.89M
-63.17M – -49.65M
-12.0% YoY
|
-64.82M
-70.97M – -56.63M
-12.0% YoY
|
-59.51M
-65.16M – -51.99M
+8.2% YoY
|
| Net Income |
513.43M
est: 510.45M (+0.6%)
|
9.15M
est: 334.26M (-97.3%)
|
-863.81M
est: 414.89M (-308.2%)
|
-553.50M
est: -77.25M (-616.5%)
|
-83.04M
est: 29.64M (-380.1%)
|
811.53M
est: 1.24B (-34.6%)
|
1.54B
est: 1.56B (-1.8%)
|
1.97B
1.73B – 2.22B
+26.3% YoY
|
2.37B
2.07B – 2.67B
+20.0% YoY
|
2.81B
2.42B – 3.19B
+18.5% YoY
|
2.81B
2.35B – 3.16B
+0.1% YoY
|
| SGA |
947.79M
est: 1.01B (-5.7%)
|
813.86M
est: 904.22M (-10.0%)
|
1.01B
est: 1.12B (-9.6%)
|
1.16B
est: 1.43B (-18.9%)
|
1.09B
est: 1.19B (-8.1%)
|
1.66B
est: 1.71B (-2.9%)
|
1.65B
est: 2.00B (-17.7%)
|
2.32B
2.07B – 2.55B
+15.7% YoY
|
2.59B
2.23B – 2.83B
+12.0% YoY
|
2.91B
2.54B – 3.18B
+12.0% YoY
|
2.67B
2.33B – 2.92B
-8.2% YoY
|
| EPS |
1.45
est: 1.06 (+36.4%)
|
0.02
est: 0.36 (-94.2%)
|
-1.86
est: -1.77 (-5.3%)
|
-1.17
est: -1.38 (+15.0%)
|
-0.18
est: 0.06 (-386.6%)
|
1.71
est: 1.57 (+8.9%)
|
3.19
est: 3.14 (+1.7%)
|
4.07
3.47 – 4.44
+29.8% YoY
|
4.64
4.14 – 5.34
+14.0% YoY
|
5.30
4.85 – 6.38
+14.3% YoY
|
5.62
4.70 – 6.32
+6.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-28 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-27 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-26 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 4/5 | 3/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-18 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-15 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-14 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 3/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-27 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-24 | A- | 4/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-23 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 2/5 | 5/5 | 5/5 | 3/5 | 3/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.60B
OE per share TTM
5.26
Owner's Yield
10.02%
Maintenance CapEx ratio
7.22%
Maint CapEx / Avg PPE
6.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 82 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X Video Games & Esports ETF HERO | 1.95% | 1.23M | 0.50% |
| 2 | VanEck Video Gaming and eSports ETF ESPO | 1.65% | 4.04M | 0.55% |
| 3 | VanEck Video Gaming and eSports UCITS ETF ESPO.L | 1.63% | 9.49M | 0.55% |
| 4 | Roundhill Video Games ETF NERD | 1.54% | 223.7K | 0.50% |
| 5 | Sophus Capital Emerging Market Small Cap ETF EMSC | 1.12% | 495.0K | 0.85% |
| 6 | iShares MSCI China Small-Cap ETF ECNS | 1.08% | 699.4K | 0.59% |
| 7 | KraneShares CSI China Internet UCITS ETF KWBP.L | 1.00% | 6.90M | 0.75% |
| 8 | KraneShares CSI China Internet UCITS ETF KWBE.L | 1.00% | 6.88M | 0.75% |
| 9 | KraneShares CSI China Internet UCITS ETF KWEB.L | 1.00% | 6.91M | 0.75% |
| 10 | KraneShares CSI China Internet ETF KWEB | 0.99% | 51.86M | 0.70% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
2.11M
Shares Outstanding
481.98M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Yunjie Dai | Founder, President & Executive Director | 6M | male |
| Shuyang Fan | Joint Company Secretary & Executive Director | 2M | male |
| Yimeng Huang | Founder, Executive Chairman & Chief Executive Officer | 573.9K | male |
| Ming Fai Chung | Joint Company Secretary | — | male |
| Rui Gong | Chief Financial Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 2400.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
