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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
XD (2400) investor relations material
XD H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary28 Aug, 2026
Executive summary
Revenue grew 7.5% year-over-year to RMB3,312.2 million for H1 2026, driven by strong performance in self-developed and premium games.
Profit for the period declined 10.6% year-over-year to RMB724.3 million, mainly due to higher costs and increased tax expenses.
Adjusted profit, excluding fair value changes and share-based compensation, decreased 8.1% year-over-year to RMB783.5 million.
Significant investments in AI, including the launch of TapTap Maker and open-sourcing of the Cindy AI agent, aimed at enhancing operational efficiency and product innovation.
Financial highlights
Gross profit increased 3.4% year-over-year to RMB2,329.3 million; gross margin declined to 70.3% from 73.1% due to higher costs in the game segment.
EBITDA reached RMB862.7 million; adjusted EBITDA was RMB921.9 million, both slightly down from the prior year.
Basic EPS was RMB1.49, diluted EPS RMB1.44, both lower than prior year.
No interim dividend declared for H1 2026.
Outlook and guidance
Continued focus on AI integration across R&D and operations, with plans to expand AI-native products and cross-device TapTap features.
Ongoing investment in self-developed and premium games and the TapTap ecosystem to drive future growth.
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Latest events from XD
- Strong revenue and profit growth, higher margins, and strategic IP acquisition drive future prospects.2400
H2 2025 - Revenue up 47.9% and net profit RMB890.5M, with strong game and TapTap growth.2400H2 2024
- Revenue and profit soared on new games and TapTap PRC growth, with gross margin at 67.4%.2400H1 2024
- Net profit surged 223.5% year-over-year with gross margin at 73.1% on strong segment growth.2400H1 2025
Next XD earnings date
H2 202626 Mar, 2027
Next XD earnings date
H2 202626 Mar, 2027
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