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Ingdan, Inc. reports rising revenue but falling profits in 2024, amid AI chip demand and new energy investments.
Ingdan, Inc. saw a 14.3% rise in 2024 revenue to RMB10,129.1 million, driven by AI chip demand, but its net profit fell 14.5% to RMB273.5 million.
The company's subsidiary, Comtech, collaborates with major chipmakers like NVIDIA and Intel, providing AI solutions and training over 2,000 engineers.
Ingdan also invests in new energy solutions, including battery swapping and lifecycle management.
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