INGDAN (00400) achieved a revenue of 6.034 billion yuan in the first quarter, an increase of approximately 125.6% year-on-year.

INGDAN (00400) announced in the first quarter of 2026, the Group continued to benefit from the strong demand in AI computing power, storage, and Siasun Robot & Automation fields. During the period, the revenue reached approximately RMB 6.034 billion, including 44.7% from technology solutions, 54.8% from distribution business, and 0.5% from self-developed products, representing an increase of approximately 125.6% compared to the same period in 2025. Operating profit was approximately RMB 2.075 billion, a year-on-year increase of about 51.0%. The Group's revenue growth in the first quarter was mainly driven by the following three core DRIVES: 1. Continued explosive demand for AI computing power As global demand for large model training and inference rapidly increases, investments in AI computing power infrastructure have significantly accelerated, leading to strong growth in the Group's related technology solution demand. 2. Robust storage market The expansion of AI applications' demand for memory and large-capacity storage chips has driven rapid growth in the Group's storage-related business. 3. Strong demand in the Siasun Robot & Automation industry chain The domestic humanoid Siasun Robot & Automation and industrial automation sectors have entered a phase of accelerated implementation, leading to a significant increase in demand for high-performance computing chips and embedded systems, creating important incremental markets for the Group. Through partnerships with more than 100 leading semiconductor companies both domestically and internationally (such as NVIDIA, AMD, Intel, and Huawei HiSilicon), INGDAN offers a comprehensive product portfolio covering GPU, CPU, FPGA, ASIC, memory chips, and software ecosystems. Its solutions are widely used in hundreds of industries, serving clients such as Meituan, Baidu, Wisesoft, and top universities. The Group's current customer demand is strong, and orders are ample, with good business visibility. Management expects that the business will continue to maintain a high growth trend in the first half of 2026 and for the full year. Looking ahead, as global commercialization of AI applications accelerates and demand for computing power infrastructure rises, the Group expects overall service demand in the AI supply chain to remain strong. The company will continue to optimize its product portfolio, deepen technological innovation, and seize market opportunities to promote sustainable business growth.