XD INC(HK:02400) 3 6 Ke·2025-08-06 00:50Core Viewpoint - Xindong Company (02400.HK) anticipates significant revenue and profit growth for the first half of 2025, driven by successful game operations and the performance of the TapTap platform [1][3][22]. Financial Performance - Expected revenue for H1 2025 is at least RMB 30.5 billion, a 37% increase from RMB 22.2 billion in the same period last year [1]. - Projected net profit is at least RMB 7.9 billion, representing a 215% year-on-year growth [1]. Game Performance - Key contributors to revenue growth include self-developed games such as "Ragnarok M: Beginner's Server," "Xindong Town," and "Torchlight: Infinite" [3][10]. - "Ragnarok M: Beginner's Server" simplifies the original game's complex systems, appealing to casual players [3]. - "Xindong Town" is a 3D social simulation game that emphasizes leisurely gameplay and has maintained a stable position in the iOS sales rankings [5][6]. - "Torchlight: Infinite," launched on May 10, 2023, has shown strong performance, reaching the top of the iOS free charts and peaking at 11th in sales [8][10]. New Game Releases - The new RPG "Ether: Reboot Day" has topped the iOS free charts in several Southeast Asian countries and is set for a domestic launch on September 25, 2023 [11][14]. - "Xindong Town" is expected to enter international markets in Q4 2025, while "Ragnarok RO: Guardian of Eternal Love 2" is planned for 2026 [14]. TapTap Platform Growth - The TapTap platform has seen continuous revenue and profit growth, attributed to improved advertising algorithms and user engagement, despite stable monthly active users [16]. Strategic Investments - Xindong plans to acquire a 5.3% stake in game company MiAO for $14 million, valuing MiAO at approximately $264 million [17][19]. - MiAO focuses on developing games that integrate social elements, aiming to enhance player connections [19][20]. Company Outlook - Xindong has successfully turned around its financial performance, achieving profitability and stable cash flow, positioning itself for future growth [22][23].