INGDAN (00400) announced its financial results for the first quarter of 2026. The Group continued to benefit from robust demand in AI computing power, storage, and robotics sectors. During the period, revenue reached approximately RMB 6.034 billion. This revenue comprised 44.7% from technology solutions, 54.8% from distribution business, and 0.5% from self-developed products, representing an increase of about 125.6% compared to RMB 2.674 billion in the same period of 2025. Operating profit was approximately RMB 207.5 million, a year-on-year growth of about 51.0%.
The Group's revenue growth in the first quarter was primarily driven by three core factors: 1. Sustained Surge in AI Computing Demand: As global demand for large model training and inference escalates rapidly, investments in AI computing power infrastructure have accelerated significantly, leading to strong growth in demand for the Group's related technology solutions. 2. Robust Storage Market: The expansion of AI applications has substantially increased demand for memory and high-capacity storage chips, driving rapid growth in the Group's storage-related business. 3. Strong Demand in Robotics Industry Chain: The domestic humanoid robotics and industrial automation sectors are entering a phase of accelerated implementation, significantly boosting demand for high-performance computing chips and embedded systems, creating a substantial incremental market for the Group.
Leveraging partnerships with over 100 leading semiconductor companies globally and domestically (such as NVIDIA, AMD, Intel, and Huawei Ascend), INGDAN offers a comprehensive product portfolio covering GPUs, CPUs, FPGAs, ASICs, memory chips, and software ecosystems. Its solutions are widely applied across hundreds of industries, serving clients including Meituan, Baidu, WeRide, and top-tier universities.
The Group currently faces strong customer demand, ample order backlog, and good business visibility. Management anticipates that business will continue to maintain a high-growth trajectory for the first half and the full year of 2026.
Looking ahead, with the accelerated commercialization of global AI applications and rising demand for computing power infrastructure, the Group expects overall service demand in the AI supply chain to remain robust. The Company will continue to optimize its product portfolio, deepen technological innovation, and capitalize on market opportunities to foster sustainable business growth.
Comments