INGDAN Shares Surge Over 6% in Morning Session, Up Over 60% This Month as Q1 Results Validate AI Strategy

Stock News05-20

INGDAN (00400) rose over 6% in morning trading, with cumulative gains exceeding 60% for the month. As of writing, the stock was up 2.17%, trading at HK$3.29 with a turnover of HK$8.4386 million.

The company released its first-quarter 2026 results. During the reporting period, revenue reached approximately RMB 6.034 billion, a significant increase of 125.6% year-on-year. Revenue breakdown shows technology solutions accounted for 44.7%, distribution business for 54.8%, and self-developed products for 0.5%. Operating profit was about RMB 208 million, up 51.0% year-on-year. Driven by the high-growth sectors of AI computing power, storage, and robotics, the company's performance maintained strong momentum.

Kang Jingwei, Chairman and CEO of INGDAN, stated that the Q1 results demonstrate the significant effectiveness of the company's AI strategic layout, with the full-stack ecosystem service capabilities of Cogobuy Technology continuing to strengthen. Moving forward, the company will leverage cutting-edge product portfolios such as NVIDIA Jetson and Digua Robotics to deepen its presence in the three high-growth sectors of AI computing power, storage, and robotics. It aims to solidify its core competitiveness in AI smart terminals and embodied intelligence, empower industry upgrades with full-chain industrial services, and drive long-term, high-quality growth in company performance.

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