An announcement from Cogobuy Group ( (HK:0400) ) is now available.
Ingdan, Inc. reported a 14.3% increase in revenue for the year ending December 31, 2024, driven by strong demand for AI computing power and chips related to AI technology. Despite the revenue growth, the company experienced a decrease in gross profit by 13.6% and a reduction in net profit by 14.5% due to increased sales volume from large customers impacting gross margins and higher interest costs. The advancements in generative AI and humanoid robot technology are significantly reshaping the global chip industry, highlighting the growing market demand for high-performance computing chips.
More about Cogobuy Group
Ingdan, Inc. is a technology services platform conglomerate focused on connecting upstream chip technology with downstream innovation enterprises. The company leverages proprietary AI technology, large language models, and specialized industry knowledge to deliver chip application technology solutions and supply chain management services. Its core businesses include Comtech, a platform for the chip industry, and Ingdan, which provides AIoT technology and services.
YTD Price Performance: 11.27%
Technical Sentiment Signal: Hold
Current Market Cap: €267.5M
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