INGDAN (00400) has surged more than 18% again. As of press time, the stock was up 13.02%, trading at HKD 3.82 with a turnover of HKD 43.37 million.

The company's first-quarter results show significant growth. Revenue reached approximately RMB 6.034 billion, a substantial increase of 125.6% year-over-year. The revenue breakdown was 44.7% from technology solutions, 54.8% from distribution business, and 0.5% from self-developed products. Operating profit was about RMB 208 million, up 51.0% year-on-year. The strong growth momentum continues, driven by the high-demand sectors of AI computing power, storage, and robotics.

The Chairman and CEO of INGDAN, Kang Jingwei, stated that the competition in AI infrastructure has shifted from merely accumulating computing power to optimizing overall system efficiency. The company's full-stack ecosystem, integrating "XPU + FPGA + Storage + Hardware-Software Co-design," effectively enhances customers' computing power utilization and reduces overall operational costs. This ecosystem serves as the core driver for the company's rapid growth.

Currently, the company has a strong order book and is operating favorably. It is expected to maintain a high growth trajectory through 2026.