INGDAN Shares Surge Over 7% Following Strong Q1 Results with Revenue Nearly Tripling

Stock News05-13

INGDAN (00400) rose over 7%, gaining 7.37% to HK$3.35 by the time of writing, with a trading turnover of HK$86.27 million. On May 12, the company announced its first-quarter results, reporting revenue of approximately RMB 6.034 billion, a significant increase of 125.6% year-over-year. Revenue breakdown shows the technology solutions business contributed 44.7%, distribution business 54.8%, and self-developed products 0.5%. Operating profit reached about RMB 208 million, up 51.0% compared to the same period last year. Benefiting from the high-growth sectors of AI computing power, storage, and robotics, the company's performance continues its strong growth trajectory. INGDAN stated that through partnerships with over 100 leading semiconductor companies globally, including NVIDIA, AMD, Intel, and Huawei Ascend, it offers a comprehensive product portfolio covering GPUs, CPUs, FPGAs, ASICs, memory chips, and software ecosystems. Its solutions are widely applied across hundreds of industries. The group currently faces robust customer demand, has ample orders, and maintains good business visibility. Management anticipates that both the first half and the full year of 2026 will continue to see high-speed growth.

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