New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to HK$2.75, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 16x in the Electronic industry in Hong Kong. Total returns to shareholders of 80% over the past three years. Annuncio • Apr 29
Ingdan, Inc., Annual General Meeting, Jun 05, 2026 Ingdan, Inc., Annual General Meeting, Jun 05, 2026, at 10:30 China Standard Time. Location: ingdan innovation center, 1st floor, microsoft comtech tower, no. 55 gaoxin south 9th road, nanshan district, shenzhen China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$2.00, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 23% over the past three years. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in FY 2024) Full year 2025 results: EPS: CN¥0.14. Revenue: CN¥15.2b (up 50% from FY 2024). Net income: CN¥214.8m (up 13% from FY 2024). Profit margin: 1.4% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Annuncio • Mar 19
Ingdan, Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 Ingdan, Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$3.15, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$3.54, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.15, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders of 105% over the past three years. Reported Earnings • Oct 01
First half 2025 earnings released: EPS: CN¥0.086 (vs CN¥0.082 in 1H 2024) First half 2025 results: EPS: CN¥0.086 (up from CN¥0.082 in 1H 2024). Revenue: CN¥6.68b (up 55% from 1H 2024). Net income: CN¥132.1m (up 17% from 1H 2024). Profit margin: 2.0% (down from 2.6% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
First half 2025 earnings released: EPS: CN¥0.086 (vs CN¥0.082 in 1H 2024) First half 2025 results: EPS: CN¥0.086 (up from CN¥0.082 in 1H 2024). Revenue: CN¥6.68b (up 55% from 1H 2024). Net income: CN¥132.1m (up 17% from 1H 2024). Profit margin: 2.0% (down from 2.6% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 2.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • Aug 19
Ingdan, Inc. to Report First Half, 2025 Results on Aug 29, 2025 Ingdan, Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$2.50, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 13x in the Electronic industry in Hong Kong. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$1.70, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total loss to shareholders of 24% over the past three years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. VP of Group Financing & Executive Director Lihua Guo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 30
Ingdan, Inc. Appoints Guo Lihua as Member of the Nomination Committee, Effective June 30, 2025 The board of directors of Ingdan, Inc. announced that Ms. GUO Lihua ("Ms. Guo''), an executive Director, has been appointed as a member of the nomination committee of the Company (the "Nomination Committee'') with effect from June 30, 2025. Reported Earnings • May 04
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (down from CN¥0.15 in FY 2023). Revenue: CN¥10.1b (up 14% from FY 2023). Net income: CN¥189.9m (down 9.9% from FY 2023). Profit margin: 1.9% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Annuncio • Apr 29
Ingdan, Inc., Annual General Meeting, Jun 05, 2025 Ingdan, Inc., Annual General Meeting, Jun 05, 2025, at 10:30 China Standard Time. Location: ingdan innovation center, 1st floor, microsoft comtech tower, no. 55 gaoxin south 9th road, nanshan district, shenzhen, China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.19, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (down from CN¥0.15 in FY 2023). Revenue: CN¥10.1b (up 14% from FY 2023). Net income: CN¥189.9m (down 9.9% from FY 2023). Profit margin: 1.9% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. New Risk • Mar 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Annuncio • Mar 05
Ingdan, Inc. has completed a Follow-on Equity Offering in the amount of HKD 325 million. Ingdan, Inc. has completed a Follow-on Equity Offering in the amount of HKD 325 million.
Security Name: Ordianry Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: HKD 1.3
Discount Per Security: HKD 0.002
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: HKD 1.3
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$1.64, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 25% over the past three years. Annuncio • Feb 12
Ingdan, Inc. has filed a Follow-on Equity Offering in the amount of HKD 325 million. Ingdan, Inc. has filed a Follow-on Equity Offering in the amount of HKD 325 million.
Security Name: Ordianry Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: HKD 1.3
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: HKD 1.3 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.27, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 8x in the Electronic industry in Hong Kong. Total loss to shareholders of 48% over the past three years. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.068 in 1H 2023) First half 2024 results: EPS: CN¥0.082 (up from CN¥0.068 in 1H 2023). Revenue: CN¥4.32b (up 12% from 1H 2023). Net income: CN¥112.7m (up 22% from 1H 2023). Profit margin: 2.6% (up from 2.4% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annuncio • Aug 20
Ingdan, Inc. to Report First Half, 2024 Results on Aug 30, 2024 Ingdan, Inc. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.15 (down from CN¥0.22 in FY 2022). Revenue: CN¥8.86b (down 7.0% from FY 2022). Net income: CN¥210.7m (down 33% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.15 (down from CN¥0.22 in FY 2022). Revenue: CN¥8.86b (down 7.0% from FY 2022). Net income: CN¥210.7m (down 33% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • Mar 19
Ingdan, Inc. to Report Fiscal Year 2023 Results on Mar 28, 2024 Ingdan, Inc. announced that they will report fiscal year 2023 results on Mar 28, 2024 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.14, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 29% over the past three years. Reported Earnings • Sep 02
First half 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.095 in 1H 2022) First half 2023 results: EPS: CN¥0.068 (down from CN¥0.095 in 1H 2022). Revenue: CN¥3.86b (down 18% from 1H 2022). Net income: CN¥92.5m (down 30% from 1H 2022). Profit margin: 2.4% (down from 2.8% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Aug 19
Ingdan, Inc. to Report First Half, 2023 Results on Aug 31, 2023 Ingdan, Inc. announced that they will report first half, 2023 results on Aug 31, 2023 Upcoming Dividend • Jun 06
Upcoming dividend of HK$0.04 per share at 2.6% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 29 June 2023. Trailing yield: 2.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.4%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Charlie Hao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.45, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 50x in the Online Retail industry in Hong Kong. Total returns to shareholders of 5.1% over the past three years. Reported Earnings • Oct 01
First half 2022 earnings released: EPS: CN¥0.095 (vs CN¥0.079 in 1H 2021) First half 2022 results: EPS: CN¥0.095 (up from CN¥0.079 in 1H 2021). Revenue: CN¥4.70b (up 20% from 1H 2021). Net income: CN¥131.7m (up 19% from 1H 2021). Profit margin: 2.8% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.60, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 48x in the Online Retail industry in Hong Kong. Total returns to shareholders of 15% over the past three years. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.095 (vs CN¥0.079 in 1H 2021) First half 2022 results: EPS: CN¥0.095 (up from CN¥0.079 in 1H 2021). Revenue: CN¥4.70b (up 20% from 1H 2021). Net income: CN¥131.7m (up 19% from 1H 2021). Profit margin: 2.8% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.21 (up from CN¥0.089 in FY 2020). Revenue: CN¥9.45b (up 53% from FY 2020). Net income: CN¥296.2m (up 140% from FY 2020). Profit margin: 3.1% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 75%. Earnings per share (EPS) also missed analyst estimates by 65%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Charlie Hao was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.21 (up from CN¥0.089 in FY 2020). Revenue: CN¥9.45b (up 53% from FY 2020). Net income: CN¥296.2m (up 140% from FY 2020). Profit margin: 3.1% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 75%. Earnings per share (EPS) also missed analyst estimates by 65%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 22% share price decline to HK$1.71, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Online Retail industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 19% share price gain to HK$3.58, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 22x in the Online Retail industry in Hong Kong. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 21% share price gain to HK$2.91, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 21x in the Online Retail industry in Hong Kong. Total returns to shareholders of 3.9% over the past three years. Reported Earnings • Sep 03
First half 2021 earnings released: EPS CN¥0.079 (vs CN¥0.072 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥3.93b (up 20% from 1H 2020). Net income: CN¥110.5m (up 10% from 1H 2020). Profit margin: 2.8% (down from 3.1% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥2.79, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 23x in the Online Retail industry in Hong Kong. Total loss to shareholders of 2.1% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥2.36, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 37x in the Online Retail industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥2.54, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 50x in the Online Retail industry in Hong Kong. Total loss to shareholders of 25% over the past three years. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.089 (vs CN¥0.077 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.19b (up 5.7% from FY 2019). Net income: CN¥123.2m (up 12% from FY 2019). Profit margin: 2.0% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.089 (vs CN¥0.077 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.19b (up 5.7% from FY 2019). Net income: CN¥123.2m (up 12% from FY 2019). Profit margin: 2.0% (up from 1.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥2.54, the stock trades at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 15x. Average P/E is 50x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years was a loss of 43%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥2.71, the stock is trading at a trailing P/E ratio of 18.5x, down from the previous P/E ratio of 22.5x. This compares to an average P/E of 58x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years is a loss of 39%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥2.30, the stock is trading at a trailing P/E ratio of 15.6x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 48x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Feb 04
New 90-day high: HK$2.30 The company is up 31% from its price of HK$1.76 on 06 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: HK$1.88 The company is up 2.0% from its price of HK$1.85 on 20 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥1.85, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 47x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years is a loss of 56%. Valuation Update With 7 Day Price Move • Oct 16
Market bids up stock over the past week After last week's 26% share price gain to CN¥1.79, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 69x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years is a loss of 63%. Is New 90 Day High Low • Oct 12
New 90-day high: HK$1.51 The company is up 4.0% from its price of HK$1.45 on 14 July 2020. The Hong Kong market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 30% over the same period. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 18% share price gain to CN¥1.51, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9x. This compares to an average P/E of 69x in the Online Retail industry in Hong Kong. Total return to shareholders over the past three years is a loss of 69%. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total profits of CN¥172.2m, up 87% from the prior year. Total revenue was CN¥6.46b over the last 12 months, up 23% from the prior year.