XD INC(HK:02400) 智通财经网·2026-01-07 01:18Group 1 - The core viewpoint of the report is that Xindong Company (02400) maintains a "buy" rating, showcasing confidence in its development through a HKD 400 million share buyback plan [1] - The company expects revenue growth from its core games "Xindong Town" and "Torchlight: Infinite" driven by new activities, IP collaborations, and seasonal updates [1][3] - The upcoming game "RO2" is anticipated to attract attention, and the company aims to expand its user base on the TapTap platform through multiple high-profile game launches [1][2] Group 2 - The report highlights that the TapTap platform is expected to maintain high growth due to continuous improvements in advertising algorithms, with a projected revenue increase of 33% year-on-year in H1 2025 [4] - The company has adjusted its net profit forecasts for 2025-2027 to CNY 1.507 billion, 2.006 billion, and 2.387 billion respectively, reflecting a cautious outlook based on the performance of the game "Yise" [2] - The active user base of TapTap reached 43.63 million in H1 2025, showing a 1% year-on-year increase, indicating improved user engagement [4]