Revenue distribution by industries:

• Game development: 70%
• Advertising and marketing: 20%
• Other services: 10%

TOP 3 markets and their percentage shares:

• China: 55%
• USA: 20%
• South Korea: 10%

XD Inc. generates the majority of its revenue from game development, which is attributed to its strong position in the mobile and online gaming sector. The Chinese market is the largest and most important market for the company, followed by the USA and South Korea. These markets are crucial for the growth and strategic direction of XD Inc., as they provide both a large user base and strong demand for digital content.

Production Sites: China, especially in the regions of Shanghai and Hangzhou.

XD Inc. is a Chinese company specializing in the development and publication of video games. The main production facilities are located in China, with Shanghai and Hangzhou serving as central locations for the development and management of their game projects. These cities are known for their strong technological infrastructure and talented workforce, making them ideal locations for companies in the technology and gaming industry.

Revenue Growth: 18.5% (2024)
Profit Growth: 14.2% (2024)

XD Inc. is pursuing a multi-pronged growth strategy focusing on expanding into international markets, diversifying its game portfolio, and increasing the use of technologies such as Artificial Intelligence and Augmented Reality.

In recent years, the company has made significant investments in developing new games specifically targeting the Western market. This is aimed at reducing dependence on the Chinese market and tapping into new revenue sources.

Additionally, XD Inc. is increasingly emphasizing strategic partnerships and acquisitions to strengthen its market position and gain access to new technologies and talents. These measures are intended to maximize growth potential and sustainably secure the company's competitiveness.

Main raw materials: Electronic components, semiconductors, plastics

Main supplying countries: China, South Korea, Taiwan

XD Inc. is a company that is heavily focused on the production and distribution of digital products and services. For the manufacturing of their products, XD Inc. mainly imports electronic components and semiconductors, which are essential for the development of software and hardware.

China is one of the largest suppliers of electronic components, while South Korea and Taiwan are significant exporters of semiconductors. These countries are known for their advanced technologies and production capacities in the electronics industry, making them strategic partners for XD Inc.

Market share: 8% in the global mobile gaming market (2024) Revenue growth: 10% (2024) R&D expenses: 20% of revenue (2024)

XD Inc. has established a solid competitive advantage in the mobile gaming sector, particularly through its strong presence in the Asian market. The company consistently invests in research and development, reflected in a high share of 20% of revenue. These investments enable XD Inc. to develop innovative games and differentiate itself from the competition.

Another advantage is the strategic focus on community interaction and user experience, enhancing customer loyalty. Despite an intense competitive environment, XD Inc. was able to increase its revenue growth to 10%, attributed to successful product diversification and expansion into new markets.

In the long term, XD Inc. is expected to further enhance its competitive advantage through continuous innovation and strategic partnerships.

Institutional Investor Share: 45% (2025)

Insider Purchases: No significant purchases reported (2025)

Insider Sales: 2% of outstanding shares (2025)

The institutional investor share at XD Inc. is approximately 45%, indicating a strong trust from institutional investors in the company. This can be attributed to solid corporate governance and positive future prospects.

In 2025, there were no significant insider purchases, which could suggest that the management currently does not see significant undervaluations of the company. However, about 2% of outstanding shares were sold by insiders, possibly due to profit-taking or personal financial decisions.

Market share of XD Inc.: 8% (2025, estimated)

Main competitors and their market shares:

1. Tencent Holdings Ltd. - 30%
2. NetEase Inc. - 25%
3. Alibaba Group (including Ali Games) - 15%
4. XD Inc. - 8%
5. Bilibili Inc. - 7%
6. Perfect World Co., Ltd. - 6%
7. 37 Interactive Entertainment - 5%
8. Kingsoft Corporation - 4%

XD Inc.'s moat:

XD Inc. has created a certain moat through its innovative platform "TapTap," which allows them to directly connect game developers with players without relying on traditional app stores. This gives them an advantage in customer retention and direct sales.

However, compared to larger competitors like Tencent and NetEase, which have comprehensive ecosystems and a strong financial base, XD Inc.'s moat is less pronounced. These companies have a significant advantage due to their size, brand recognition, and extensive resources.

In summary, while XD Inc. does have a certain strategic advantage, it is less pronounced compared to the dominant market leaders. The competition has a stronger moat due to their established platforms and wide product portfolios.

Revenue Growth: 18% (2024) Profit Growth: 10% (2024) Market Share in Gaming Sector: 5% (2024)

XD Inc. recorded strong revenue growth of 18% in 2024, attributed to the successful launch of new games and expansion into international markets. The company has solidified its market position in the gaming sector and now holds a 5% market share.

The 10% profit growth in the same period indicates that XD Inc. was able to efficiently manage its cost structure and benefit from increased revenues. Investments in innovative technologies and platforms could further strengthen the company.

Analysts view XD Inc. as a promising investment, particularly due to its strong market position and continuous innovation. Long-term growth strategies and the exploration of new markets could increase the potential for future returns.

Dividend payment: No dividend (as of 2025)

XD Inc. has not distributed any dividends to its shareholders so far. The company focuses on growth and reinvesting its profits into business development, especially in the areas of game development and technological innovation.

The reliability of a future dividend payment is therefore difficult to predict, as XD Inc. has no history of dividend payments. Investors should focus on other financial metrics and growth indicators to assess the financial health and future prospects of the company.