IngDan, Inc.

IngDan, Inc.

HHKEX:400
3.59
HKD
-0.26
(-6.88%)
4.78BMarket Cap
Mar 26Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.42
5.91
7.08
9.37
6.6
3.8
4.09
4.46
6.81
6.81
6.48
7.39
9.61
- -
Basic EPS, GAAP
0.08
0.17
0.26
0.35
0.21
0.2
0.08
0.09
0.21
0.22
0.15
0.14
0.14
- -
Free Cash Flow per Basic Share
-0.03
0.2
0.26
-0.42
0.54
-0.21
-0.01
0.01
-0.42
0.28
-0.54
0.07
-0.09
- -
Dividend per Share
- -
- -
- -
- -
0.04
- -
- -
- -
- -
- -
0.04
0.03
- -
- -
Book Value per Share
0.33
1.17
1.41
2.4
2.45
2.76
2.88
2.78
2.93
2.89
2.86
2.81
2.68
2.68
Tangible Book Value per Share
0.14
1.04
1.23
2.23
2.34
2.15
1.81
1.65
1.82
1.72
2.11
2.15
2.2
2.2
Basic Weighted Avg Shares
1,000
1,158
1,336
1,380
1,457
1,456
1,430
1,387
1,389
1,401
1,369
1,370
1,583
1,583
Sales/Revenue/Turnover
2,417
6,848
9,453
12,933
9,614
5,535
5,854
6,185
9,452
9,536
8,863
10,129
15,207
- -
Operating Margin (%)
4.97
3.82
4.54
4.53
3.75
1.64
2.67
3.54
5.13
5.49
5.15
3.77
3.78
- -
Depreciation Expense
9
8
15
16
13
4
102
248
325
297
330
209
154
- -
Net Income, GAAP
82
194
343
479
302
293
110
123
296
314
211
190
215
- -
Effective Tax Rate (%)
15.5
11.41
13.44
14.39
14.62
5.17
10.94
8.53
10.35
12.3
11.26
11.51
21.47
- -
Profit Margin (%)
3.4
2.83
3.63
3.7
3.14
5.3
1.88
1.99
3.13
3.3
2.38
1.87
1.41
- -
Working Capital
147
1,435
1,644
3,302
3,417
3,200
2,094
2,167
2,649
1,802
2,564
1,959
1,944
1,944
LT Debt
- -
- -
- -
- -
- -
- -
13
34
26
18
13
6
7
7
Total Equity
329
1,625
2,002
3,686
3,639
4,225
4,300
4,224
4,542
4,453
4,515
4,409
4,779
4,779
Return on Invested Capital (%)
- -
11.07
10.99
9.59
5.49
5.26
2.89
4.56
9.73
9.79
6.76
5.89
6.15
- -
Return on Capital (%)
- -
9.59
9.64
8.54
6.49
6.63
2.53
1.51
4.73
4.55
3.45
3.49
3.39
- -
Return on Common Equity (%)
- -
20.13
19.46
17.34
8.38
7.63
2.69
3.06
7.32
7.68
5.25
4.84
5.25
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,897
2,573
2,638
LT Borrowings
- -
- -
- -
LT Finance Leases
6
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,371
1,621
1,621
Market Capitalization
1,559
2,189
4,297

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
6,740
9,260
8,096
Cash, Cash Equivalents & STI
618
904
805
Accounts Receivable, Net
1,924
2,144
2,431
Inventories
3,511
4,877
2,856
Total Current Liabilities
4,781
6,882
6,152
Payables & Accruals
- -
- -
- -
ST Debt
1,897
2,573
2,638
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.2%
2.6%
8.39%
Free Cash Flow
-641.82%
-1,102.18%
-247.1%
Net Income, GAAP
6.6%
23.36%
13.12%
Sales/Revenue/Turnover
9.12%
22.21%
50.13%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
8,863
2024
- -
- -
10,129
2025
- -
- -
15,207

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.15
2024
- -
- -
0.14
2025
- -
- -
0.14

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
0.03
2025
- -
- -
- -

Company Description

CEO
Jing Wei Kang
Full Time Employees
577
Sector
Distribution services
Industry
Electronics distributors
Address
Microsoft Comtech Tower Shenzhen GD China 518057
IPO Date
Jul 18, 2014
Business
Ingdan, Inc. operates as a technology service platform primarily serving the integrated circuit (IC) chips industry and the artificial intelligence of things (AIoT) ecosystem in China and Hong Kong. Founded in 2012 and headquartered in Shenzhen, China, the company offers its products and services through two main segments: Comtech and Ingdan. The Comtech segment focuses on the sale of ICs, electronic components, and AIoT products, while the Ingdan segment sells proprietary and semiconductor products, provides supply chain financing services under the Ingfin brand, operates a marketplace, and engages in software licensing and business incubators. Additionally, Ingdan develops and sells hardware, software, and services for intelligent products, including customized AIoT solutions, and undertakes application design and chip distribution. The company's offerings target various industries, including energy, automotive, consumer electronics, industrial sectors, 5G infrastructure, and more. Recent developments include the renaming of the company from Cogobuy Group to Ingdan, Inc. in June 2022, reflecting its strategic shift towards AIoT and intelligent hardware ecosystems. Ingdan is advancing plans to spin off its Comtech segment as Shenzhen Comtech Limited with a proposed A-share listing, aiming to focus resources on its expanding AIoT business. This spin-off seeks to enhance operational efficiency, increase management focus, and provide a dedicated fundraising platform for Comtech's growth. Furthermore, Ingdan has been enhancing its AI chip application capabilities, expanding into AI computing services, intellectual property development, strategic investments, training, certification programs, and international markets. The company also collaborates with major partners, such as Meituan, providing solutions for high-performance GPU clusters, underscoring its role in AI-driven industrial transformation. Ingdan's ecosystem includes platforms integrating IC chip supply with downstream innovation, providing end-to-end services from system architecture to hardware and software provisioning. The company leverages "hard egg clouds" to manage AIoT product data, forming an AIoT product-data-analysis cycle model to enable AIoT data analytics business expansion. It maintains a significant presence in China and Hong Kong and serves a global chip industry clientele through its integration platform as a service (iPaaS). Ingdan is a subsidiary of Envision Global Investments Limited and reported substantial revenue growth in the first half of 2025, indicating strong business momentum amid growing AI adoption and computing power demand. Overall, Ingdan, Inc. stands as a prominent technology service platform consolidating semiconductor sales, AIoT product development, supply chain financial services, and innovative AI-driven solutions, positioning itself for sustained growth through strategic realignments and product innovations in the evolving global AIoT market.