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2400.HK HKEX Online Services

XD Inc

HK$50,60
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About

XD Inc provides online services, primarily operating in the software and IT services sector within the technology industry.

Business. XD Inc (2400.HK) is a technology company operating in the online services industry, primarily generating revenue through advertising. The firm is listed on the Hong Kong Stock Exchange under the ticker 2400.HK. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an online services provider within the software and IT services sector.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryOnline Services
Generated · model-assisted
Sell-side consensus
BUY10 analysts
9 buy1 hold0 sell
Avg 12m price target86,92

Analyst recommendations

10 analysts · consensus Buy
Buy9
Hold1
Sell0
12-month price target
86,92
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
30
composite score
Valuation
valuation pending
Analysts
Buy
10 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
58
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2400.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to 2400.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score30 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    XD Inc (2400.HK) is a technology company operating in the online services industry, primarily generating revenue through advertising. The firm is listed on the Hong Kong Stock Exchange under the ticker 2400.HK. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an online services provider within the software and IT services sector.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustryOnline Services
    AI synthesis
    GENERATED

    XD Inc's capital structure and liquidity position are not fully assessable due to the lack of balance-sheet inputs and no going-concern language in the source documents. This absence of data hinders a comprehensive evaluation of the company's liquidity risk.

    Profitability and returns for XD Inc are not directly quantifiable due to the lack of detailed financial metrics. However, the company's performance should be benchmarked against the preferred metrics of the Online Services industry, which typically include measures such as revenue growth, customer acquisition cost, and lifetime value of a customer.

    XD Inc's segments and geographic exposure are not explicitly detailed in the available data. The company's revenue concentration and geographic distribution are critical factors that would influence its risk profile and growth potential. Without this information, it is challenging to assess the company's exposure to regional economic fluctuations.

    The growth trajectory of XD Inc is not clearly defined in the available data. Analyst estimates suggest a range of price targets, with a mean of 86.92 CNY and a median of 83.80 CNY. These estimates indicate a generally positive outlook, with a mean recommendation of 1.70, which is closer to a strong buy rating.

    Risk factors for XD Inc include the inability to assess liquidity risk due to missing balance-sheet data. The company's dilution potential is currently low, as there is no indication of significant share issuance or dilution events in the near term. However, the lack of detailed financial data introduces uncertainty into the risk assessment.

    Recent events and filings for XD Inc are not detailed in the available data. Analyst estimates and price targets provide some insight into market sentiment, but specific events or transcripts that could impact the company's performance are not available for review.

    Key takeaways
    • XD Inc operates in the Online Services industry within the Technology sector, focusing on software and IT services.
    • The company's liquidity and capital structure are not fully assessable due to missing balance-sheet data.
    • Analyst estimates suggest a generally positive outlook, with a mean price target of 86.92 CNY and a median of 83.80 CNY.
    • The company's dilution potential is currently low, but the lack of detailed financial data introduces uncertainty.
    • XD Inc's segments and geographic exposure are not explicitly detailed, making it difficult to assess regional risk and growth potential.
    • **margin_outlook_rationale**: The margin outlook for XD Inc is uncertain due to the lack of detailed financial metrics and profitability data.
    • **rd_outlook_rationale**: The research and development outlook for XD Inc is not specified in the available data.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-26
    FY 2026 · Full-year highlights

    Revenue ¥5.76B, +15,0% YoY; Operating income +83,6% YoY.

    Revenue¥5.76B+15,0 % YoY
    Operating income¥1.68B+83,6 % YoY
    Net income¥1.54B+89,2 % YoY
    Free cash flow¥1.23B+27,9 % YoY
    EPS
    Operating cash flow¥1.71B+33,8 % YoY
    Financials
    Income statement
    Revenue¥5.76B
    Gross profit¥4.25B
    Operating income¥1.68B
    Net income¥1.54B
    Margins
    Gross margin73.8%
    Operating margin29.1%
    Net margin26.6%
    FCF margin21.4%
    Balance sheet
    Total assets¥5.22B
    Total liabilities¥1.41B
    Total equity¥3.81B
    Cash & equivalents¥1.76B
    Long-term debt¥122.4M
    Cash flow
    Operating cash flow¥1.71B
    CapEx-¥322.0M
    Free cash flow¥1.23B
    SBC
    P&L flow · revenue → net income
    Revenue ¥5.76BOperating costs ¥4.08BTax ¥144.6MNet income ¥1.54B
    Highlights
    • Revenue ¥5.76B, +15,0% YoY
    • Operating income +83,6% YoY
    • Net income +89,2% YoY
    • Free cash flow +27,9% YoY
    • Net margin 26.6%

    Valuation FY

    Market price
    HK$50,60
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    3,89
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    10
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-19 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate3,89
    Revenueno estimateno estimate6,8B CNY
    Operating incomeno estimateno estimate2,1B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution10 analysts
    Strong buy4
    Buy5
    Hold1
    Sell0
    Strong sell0
    12-month price targetHK$86,92 · Median HK$83,80
    Low HK$70,00High HK$106,38
    Operating income · consensus2,1B CNY
    EPS surprise
    −21,1 %
    reported vs consensus · miss
    Revenue surprise
    −15,8 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$70,00
    MeanHK$86,92
    MedianHK$83,80
    HighHK$106,38
    SpotHK$50,60
    +71.8 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • XD Inc Market data — financials · 2026-05-26
    • XD Inc Market data — analyst estimates · 2026-05-26
    • XD Inc Market data — ESG · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2400.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-03-26 16:34 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 5.76B · Net CNY 1.54B
    2025-03-28 09:30 UTCEARNINGSAnnual results — FY 2025 Revenue CNY 5.01B · Net CNY 811.5M
    2024-03-28 09:31 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 3.39B · Net CNY -83.0M
    2023-03-30 09:41 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 3.43B · Net CNY -553.5M
    2022-03-30 15:02 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 2.70B · Net CNY -863.8M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage