HONG KONG SAR – Media OutReach Newswire - 31 March 2025 - Ingdan, Inc. ("Ingdan" or the "Company," Stock Code: 400.HK; together with its subsidiaries, the "Group"), an innovative technology services platform conglomerate with core businesses in "Comtech" and "Ingdan," announces its audited consolidated results for the year ended December 31, 2024 ("2024" or "the Year"). Financial Highlights for the Full Year of 2024 Benefiting from sustained strong demand for AI computing power and significant growth in chip demand from AI-related industries, the Group's revenue for the Year reached approximately RMB10,129.1 million, representing a year-on-year increase of approximately 14.3% compared to RMB8,863.4 million in 2023. The Group's gross profit was approximately RMB889.4 million, down 13.6% year-on-year; operating profit amounted to approximately RMB427.9 million, down 8.0% year-on-year; and net profit after tax totalled approximately RMB273.5 million, a decrease of 14.5% year-on-year. Increased sales volume to large customers impacted overall gross margins, coupled with higher USD interest costs, leading to a decline in profit attributable to the Company's equity shareholders. Profit attributable to equity shareholders of the Company was approximately RMB189.9 million. As of December 31, 2024, the Group held cash and bank balances (including pledged deposits) of RMB839.7 million, bank loans of RMB1,885.9 million, and inventory value of RMB3,510.5 million. The total number of issued ordinary shares was 1,394,262,732, with a basic weighted average of 1,370,327,000 shares. Empowering Industry Innovation and Operational Efficiency in the AI Computing Power Supply Chain In the current strategic growth phase of the global semiconductor industry, the synergistic evolution of AI, cloud computing, and IoT technologies, combined with breakthroughs in humanoid robotics, is driving exponential growth in global computing power demand. This trend is not only spurring iterative demand for high-performance computing chips such as GPUs and ASICs but also accelerating technological upgrades across the entire industry chain, including high-speed storage chips and intelligent networking equipment, forming an integrated ecosystem from chip design and manufacturing to end applications. Against this backdrop, Comtech, as a core supplier in the AI computing power supply chain, is deeply involved in global computing network development, serving data centers, AI servers, AI switches, optical modules, and diverse AI applications. Comtech collaborates closely with leading global chip manufacturers, acting as an authorized distributor for over 80 core suppliers, including NVIDIA, AMD-Xilinx, Intel, and many leading domestic chipmakers. With years of market expertise, Comtech has accumulated extensive technical experience and industrial resources, enabling it to provide chip application solutions and supply chain management services to tens of thousands of downstream clients. Leveraging proprietary AI technologies, large language models (LLMs), and specialized knowledge bases, Comtech delivers intelligent and automated solutions in chip selection, hardware design, software development, and system integration, significantly enhancing product performance and reliability. Additionally, by applying AI and big data analytics to optimize supply chain management, Comtech improves operational efficiency while reducing costs. Comtech also holds multiple proprietary intellectual properties, including intelligent algorithm libraries, industry-specific LLMs, smart hardware design platforms, adaptive system architectures, and innovative patents, granting it multiple competitive advantages in AI chip applications and intelligent supply chains. By integrating advanced AI technologies with deep industry expertise, Comtech continues to elevate service quality, creating greater value for customers while leading technological innovation in the sector. Expanding into the New Energy Industry, and Driving Digital Transformation of the Chip Industry Through Ingdan Academy Ingdan focuses on the new energy sector, developing solutions for two-wheeler battery swapping, re-utilization, and lifecycle management. Its smart...