XD INC (02400.HK) saw its stock price plummet by 5.24% during Friday's intraday trading, despite the company's announcement of its annual financial results and a dividend payout. The significant drop suggests that the market's reaction to the news was largely negative, possibly due to results falling short of investor expectations.
According to the company's latest financial report, XD INC achieved revenues of RMB5.01 billion for the fiscal year. The adjusted profit for the year stood at RMB956.7 million. Additionally, the company declared a final dividend of HK$0.4 per ordinary share. While these figures demonstrate profitability and shareholder returns, the market's response indicates that they may have fallen below analyst forecasts or investor hopes.
The sharp decline in XD INC's stock price, occurring shortly after the release of its financial information, highlights the sensitivity of market sentiment to corporate performance metrics. Investors may have been looking for stronger growth indicators or a more substantial dividend payout, especially in the competitive gaming and entertainment industry where XD INC operates. As the market continues to digest this information, it remains to be seen how the company will address investor concerns and potentially revise its strategies to regain market confidence.
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