XD Inc (2400.HK) saw its stock price soar by 18.94% in pre-market trading on Tuesday, following the company's announcement of robust financial expectations for the first half of the year.
The Chinese gaming company stated that it anticipates a net profit of no less than RMB790 million for the half-year period. Additionally, XD Inc projects its revenue to reach at least RMB3,050 million. These impressive figures have evidently boosted investor confidence, leading to the significant uptick in the company's stock price.
The company attributes these strong financial projections to the robust performance of its self-developed games, among other factors. This positive outlook suggests that XD Inc's strategy of focusing on in-house game development is paying off, potentially setting the stage for continued growth in the competitive gaming industry.