HK Stock Market Move | INGDAN (00400) surged over 10% in the afternoon, expecting revenue and operating profit to more than double year-on-year in the first half of the year.

INGDAN (00400) surged over 10% in the afternoon. As of press time, it rose 9.74%, trading at HK$4.225, with a transaction volume of HK$15.4845 million. In terms of news, INGDAN issued a performance forecast, stating that due to the explosive growth in AI computing power demand, the company expects to achieve operating revenue of approximately RMB 12 billion to 14 billion in the first half of the year, representing a year-on-year increase of 80% to 100%; operating profit is expected to grow by 60% to 100% year-on-year. Currently, customer demand is strong, orders are ample, and business visibility is good, especially as the new AI Token factory business has already secured intention orders exceeding USD 1 billion. It is anticipated that the group's business will continue to maintain rapid growth in the second half of the year, with the AI Token factory business becoming the group's second growth curve.