Cogobuy Group (0400) AI Stock Analysis

• Market Cap: €2.20B
• Dividend Yield: N/A
• Average Volume (3M): 828.27K
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.71
• Revenue Growth: 12.40%
• EPS Growth: -10.70%
• Country: HK
• Employees: 562
• Sector: Technology
• Sector Strength: 83
• Industry: Technology Distributors
• EPS (TTM): 0.06
• Shares Outstanding: 1,644,262,700
• 10 Day Avg. Volume: 1,494,200
• 30 Day Avg. Volume: 828,266
• PEG Ratio: 0.73
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: ―

Cogobuy Group's overall score reflects moderate strength in financial performance with stable revenue growth but notable challenges in profitability and cash flow. Technical analysis shows mixed signals, with some short-term support but potential bearish momentum. The valuation appears reasonable, though the absence of a dividend yield is a consideration for investors seeking income. Improvements in operational efficiency and cash flow management are critical for enhancing future performance.

Cogobuy Group Business Overview & Revenue Model

Company Description

Ingdan, Inc. operates as an e-commerce company serving the integrated circuit chips (ICs) and artificial intelligence of things (AIoT) industry in China and Hong Kong. It sells digital signal processing, microcontroller, field programmable gate array, sensor/converter, memory, signal/interface, data converters, wireless, radio frequency, processor, and toolkit related products. The company also offers amplifier, capacitance, inductor, resistors, light-emitting diode, timer, clock, connector, switch, relays, filter, and power management related products. In addition, the company provides development tools/system, multimedia IC, dedicated IC, and motor control IC, as well as circuit protection, complex programmable logic, optoelectronic, and discrete devices. Further, the company offers its products through its e-commerce platform, cogobuy.com, as well as supply chain financing services. Additionally, it operates the INGDAN.com platform, which develops and sells proprietary AIoT products, hardware, software, and services. It serves electronics manufacturers. The company was formerly known as Cogobuy Group and changed its name to Ingdan, Inc. in June 2022. The company was founded in 2000 and is headquartered in Shenzhen, the People's Republic of China. Ingdan, Inc. is a subsidiary of Envision Global Investments Limited.

How the Company Makes Money

Cogobuy Group generates revenue primarily through the sale of electronic components via its e-commerce platform. The company's key revenue streams include direct sales to businesses, where it acts as a middleman between component manufacturers and end-users, and value-added services such as supply chain management and technical support. Cogobuy also earns through strategic partnerships with leading component manufacturers, which enhance its product offerings and customer reach. Additionally, the company benefits from economies of scale due to its large network of suppliers and buyers, further boosting its profitability.

Cogobuy Group Financial Statement Overview

Summary

Cogobuy Group exhibits moderate financial health with stable revenue growth but faces challenges in profitability and cash flow management. The company's balance sheet is stable, but declining profit margins and cash flow issues pose risks. Continued attention to operational efficiency and cash flow improvement is essential.

Income Statement

The company shows moderate financial performance with a gross profit margin of approximately 8.8% and a net profit margin of 1.9% in 2024. Revenue growth rate from 2023 to 2024 was 14.3%, indicating a positive trend. However, there was a decrease in gross profit margin and net profit margin compared to the previous year, suggesting a potential reduction in operational efficiency or increased costs.

Balance Sheet

The balance sheet reflects a stable equity position with a debt-to-equity ratio of 0.49, indicating moderate leverage. The equity ratio is around 40%, suggesting a reasonable proportion of assets financed by equity. Return on Equity (ROE) decreased from 5.3% in 2023 to 4.9% in 2024, which is a concern for profitability.

Cash Flow

The cash flow statement reveals challenges, with free cash flow being zero in 2024. The operating cash flow to net income ratio is not calculable due to zero operating cash flow. Previously, the company faced negative free cash flow, indicating cash constraints, which could impact future operations if not managed.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
10.13B	8.86B	9.54B	9.45B	6.19B
	Gross Profit
889.46M	1.03B	1.11B	933.38M	698.63M
	EBIT
377.41M	412.48M	534.00M	487.18M	211.77M
	EBITDA
467.32M	475.95M	830.57M	830.75M	459.62M
	Net Income Common Stockholders
189.85M	210.70M	452.42M	412.38M	187.43M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
618.23M	437.78M	676.42M	137.29M	428.70M
	Total Assets
9.61B	10.20B	9.71B	7.78B	5.49B
	Total Debt
1.90B	1.63B	918.65M	448.54M	189.03M
	Net Debt
1.29B	1.19B	242.23M	311.25M	-214.67M
	Total Liabilities
5.20B	5.68B	5.25B	3.24B	1.27B
	Stockholders Equity
3.85B	3.99B	4.03B	4.15B	3.94B
Cash Flow		Free Cash Flow
0.00	-741.37M	387.98M	-579.66M	12.62M
	Operating Cash Flow
0.00	-573.34M	658.47M	-444.97M	305.33M
	Investing Cash Flow
0.00	-244.21M	-422.62M	-196.49M	-283.27M
	Financing Cash Flow
0.00	574.82M	271.91M	395.99M	276.25M

Cogobuy Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.36
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0400, the sentiment is Neutral. The current price of 1.36 is below the 20-day moving average (MA) of 1.37, above the 50-day MA of 1.35, and above the 200-day MA of 1.36, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 42.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0400.

Cogobuy Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.91B	9.99	-7.22%	4.96%	7.31%	-8.91%
0400	60 Neutral	€2.20B	9.12	4.79%	―	12.40%	-10.70%
PIAIF		$122.77B	6.18		7.49%	―	―
LNVGF		$14.17B	10.35	23.76%	3.73%	―	―
SNPTF		$8.72B	23.97	11.45%	0.83%	―	―
6MT		€6.69B	4.50	5.56%	5.95%	―	―
0863	63 Neutral	HK$7.43B	152.72	6.56%	―	78.59%	―

Cogobuy Group Corporate Events

Ingdan, Inc. Sees Revenue Growth Amidst AI Demand, Faces Profit Margin Challenges

Ingdan, Inc. reported a 14.3% increase in revenue for the year ending December 31, 2024, driven by strong demand for AI computing power and chips related to AI technology. Despite the revenue growth, the company experienced a decrease in gross profit by 13.6% and a reduction in net profit by 14.5% due to increased sales volume from large customers impacting gross margins and higher interest costs. The advancements in generative AI and humanoid robot technology are significantly reshaping the global chip industry, highlighting the growing market demand for high-performance computing chips.

Ingdan’s Comtech Moves Forward with Shenzhen Listing Plans

Ingdan, Inc. announced that its subsidiary, Shenzhen Comtech Limited, has received approval for its pre-listing tutoring process from the Shenzhen Regulatory Bureau of China Securities Regulatory Commission. This is a step towards the proposed spin-off and A-share listing on the Shenzhen Stock Exchange. Although the company’s stake in Comtech is expected to decrease, Ingdan intends to remain the ultimate controlling shareholder, which is anticipated to drive long-term growth. The proposed listing is subject to regulatory approvals and market conditions, and stakeholders are advised to exercise caution.

Ingdan, Inc. Schedules Board Meeting for Annual Results

Ingdan, Inc. has announced a forthcoming board meeting scheduled for March 31, 2025, to discuss and approve the annual financial results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend, highlighting the company’s ongoing financial strategies and potential shareholder returns.

Ingdan, Inc. Completes Tranche Two Subscription, Expanding Share Capital

Ingdan, Inc., listed on the Hong Kong Stock Exchange, has announced the completion of its Tranche Two Subscription, increasing its total issued shares from 1,519,262,732 to 1,644,262,732. This development marks a significant step in the company’s capital expansion efforts, potentially impacting its market positioning and shareholder value.

Ingdan, Inc. Completes First Tranche of Share Subscription

Ingdan, Inc., a company incorporated in the Cayman Islands, has completed the first tranche of a subscription agreement, increasing its total issued shares from 1,394,262,732 to 1,519,262,732. The completion of Tranche One has altered the company’s shareholding structure, with a notable increase in shares held by the Subscriber. The second tranche of completion is expected by 30 March 2025, contingent on the fulfillment of payment obligations.

INGDAN, INC. Announces New Share Subscription Agreement

INGDAN, INC., a company listed on the Stock Exchange of Hong Kong, has entered into a Subscription Agreement to issue 250,000,000 new shares to an independent third-party subscriber for a total of HK$325,000,000. The shares will be issued in two tranches under the General Mandate, representing approximately 15.20% of the enlarged share capital of the company. The subscription price is set at HK$1.30 per share, reflecting a slight discount to recent market prices. This strategic move is expected to generate gross proceeds of approximately HK$325,000,000, which will be used for purposes disclosed by the company. The completion of the subscription is contingent upon certain conditions being met, and stakeholders are advised to exercise caution as the transaction may not proceed.