HK Stock Market Move | INGDAN (00400.HK) surged more than 7% during trading, with mid-term revenue increasing by 98.4% and AI Token factory orders being realized.

INGDAN (00400.HK) surged over 7% during intraday trading, and as of the time of writing, it has increased by 7.04% to HKD 4.64, with a trading volume of HKD 8.6603 million. Since the beginning of the year, the stock price has cumulatively risen by approximately 41.69%, and it has gained about 14.52% in the past month. In terms of news, the company disclosed on August 31 that for the six months ending June 30, 2026, it achieved revenue of RMB 13.249 billion, a year-on-year increase of 98.4%; operating profit of RMB 517 million, a year-on-year increase of 87.7%; net profit after tax of RMB 373 million, a year-on-year increase of 96.3%; and profit attributable to equity shareholders of RMB 279 million, a year-on-year increase of 111.1%. The company indicated that the growth in the first half of the year was mainly driven by sustained strong demand for chips in the fields of Artificial Intelligence Data Centers (AIDC), storage, and Siasun Robot & Automation. Additionally, on August 24, the company announced a voluntary announcement that the previously disclosed intention service orders exceeding USD 1 billion have been converted into formal service contracts. It is expected to achieve more than USD 1 billion in service fee revenue over the next five years, with related services expected to officially begin delivery in the fourth quarter of 2026. The company has completed its strategic upgrade, transitioning from a distributor of artificial intelligence hardware to a vertical AI Token factory operator. It will deploy computing power infrastructure through a "dual-track model" with its own computing power clusters and third-party computing centers both domestically and abroad.