Shares of INGDAN (00400) surged more than 10% during the morning trading session, bringing its cumulative gain since the beginning of May to nearly 150%.

As of the latest update, the stock was up 10.67% to HK$5.29, with a turnover of HK$53.17 million.

Recent Company Developments

Recently, the company's subsidiary Cogobuy held a technical summit in Shenzhen titled "Know the Boundaries, Shape the Future: Build Your Own AI Agent with NVIDIA Jetson."

The event, in collaboration with NVIDIA's ecosystem technical team and edge AI industry partners including Aoni Electronics and Zhiwei Intelligence, focused on the integration path of the OpenClaw open-source framework with the NVIDIA Jetson edge computing platform.

It aimed to provide a comprehensive implementation solution for edge AI agents to the industrial sector.

Market Outlook and Financial Performance

China Securities previously noted that the edge AI market size is expected to surge from RMB 321.9 billion in 2025 to RMB 1.22 trillion in 2029, representing a compound annual growth rate of 40%.

From a performance perspective, INGDAN has already begun to realize the benefits of this high-growth sector.

The company reported revenue of approximately RMB 6.034 billion for the first quarter of 2026, a year-on-year increase of 125.6%.

Operating profit reached about RMB 208 million, up 51.0% year-on-year, with edge AI computing-related business emerging as the company's core growth driver.