Shares of XD Inc (02400.HK) took a sharp dive during Friday's intraday trading, plummeting 5.24% despite the company's announcement of its annual financial results and a dividend payout. The significant drop in stock price suggests that investors may have been disappointed with the company's performance or found the dividend less attractive than anticipated.

Earlier in the day, XD Inc reported its full-year revenues at RMB5.01 billion and an adjusted profit of RMB956.7 million for the year. Additionally, the company declared a final dividend of HK$0.4 per ordinary share. However, these announcements seemed to have fallen short of market expectations, leading to a sell-off.

The stark contrast between the positive financial announcements and the negative market reaction indicates that investors might have been looking for stronger growth or a more generous dividend payout. It's possible that analysts and shareholders had higher expectations for XD Inc's performance, given the competitive landscape of the gaming and entertainment industry in which the company operates. As the trading session progresses, market participants will be closely watching for any further developments or analyst comments that might shed light on this surprising stock movement.