Cogobuy Group (HK:0400)
:0400
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Cogobuy Group
(0400)
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Rating:56Neutral
Price Target:
HK$3.00
▼(-0.33% Downside)
Action:Reiterated
Date:05/13/26
The score is held back primarily by weaker quality of earnings (negative operating/free cash flow) and margin compression alongside rising leverage. Technicals are constructive with the stock above key moving averages, but valuation (P/E ~20) looks only average given the financial risks.
Positive Factors
Accelerating revenue growth
Revenue acceleration in 2025 signals stronger demand and improved platform traction. Sustained top-line momentum supports scale economics, increases bargaining power with suppliers, and creates room to invest in product, logistics and customer retention to drive durable market share gains.
Negative Factors
Weak and volatile cash generation
Recurrent negative operating and free cash flow shows cash conversion risk from working-capital swings or reinvestment needs. Persistent volatility can force reliance on external funding, constrain capex or product investment, and raise liquidity and solvency pressures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Revenue acceleration in 2025 signals stronger demand and improved platform traction. Sustained top-line momentum supports scale economics, increases bargaining power with suppliers, and creates room to invest in product, logistics and customer retention to drive durable market share gains.
Read all positive factors
Cogobuy Group (0400) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.08B
Dividend YieldN/A
Average Volume (3M)6.09M
Price to Earnings (P/E)20.0
Beta (1Y)0.85
Revenue Growth50.32%
EPS Growth-1.01%
CountryHK
Employees562
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.14
Shares Outstanding1,644,262,700
10 Day Avg. Volume6,284,405
30 Day Avg. Volume6,093,818
Financial Highlights & Ratios
PEG Ratio-2.81
Price to Book (P/B)0.97
Price to Sales (P/S)0.28
P/FCF Ratio-28.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$20.03B
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 ar...
How the Company Makes Money
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Cogobuy Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.81B | 10.13B | 8.86B | 9.54B | 9.45B |
| Gross Profit | 1.08B | 889.46M | 1.03B | 1.11B | 933.38M |
| EBITDA | 551.91M | 467.32M | 475.95M | 564.91M | 830.75M |
| Net Income | 209.21M | 189.85M | 210.70M | 314.41M | 296.15M |
Balance Sheet | |||||
| Total Assets | 10.96B | 9.61B | 10.20B | 9.71B | 7.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 618.23M | 437.78M | 682.42M | 137.29M |
| Total Debt | 2.65B | 1.90B | 1.63B | 918.65M | 448.54M |
| Total Liabilities | 6.18B | 5.20B | 5.68B | 5.25B | 3.24B |
| Stockholders Equity | 4.34B | 3.85B | 3.99B | 4.03B | 4.15B |
Cash Flow | |||||
| Free Cash Flow | -148.60M | 101.02M | -741.37M | 387.98M | -579.66M |
| Operating Cash Flow | -93.46M | 132.01M | -573.34M | 658.47M | -444.97M |
| Investing Cash Flow | -423.10M | -60.54M | -244.21M | -422.62M | -196.49M |
| Financing Cash Flow | 719.00M | 86.55M | 574.82M | 271.91M | 395.99M |
Cogobuy Group Technical Analysis
Negative
3.01
Price Trends
3.05
Negative
3.17
Negative
2.77
Negative
Market Momentum
-0.22
Negative
38.25
Neutral
59.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0400, the sentiment is Negative. The current price of 3.01 is above the 20-day moving average (MA) of 2.41, below the 50-day MA of 3.05, and above the 200-day MA of 2.77, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 38.25 is Neutral, neither overbought nor oversold. The STOCH value of 59.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0400.
Cogobuy Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$2.08B | 2.28 | 15.86% | 6.74% | 41.79% | 62.77% | |
67 Neutral | HK$1.08B | 1.42 | 3.40% | 4.94% | 17.39% | -55.26% | |
67 Neutral | HK$3.78B | 2.41 | 18.01% | 8.89% | 10.01% | 11.08% | |
62 Neutral | HK$967.60M | 6.65 | 20.37% | ― | 87.51% | 901.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$2.57B | 4.14 | 16.24% | 4.42% | 9.60% | 5.62% | |
56 Neutral | HK$5.08B | 20.05 | 5.16% | ― | 50.32% | -1.01% |
* Technology Sector Average
HK:0400
Cogobuy Group
3.11
1.64
111.56%
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1.19
0.79
197.50%
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6.04
2.18
56.48%
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174.84%
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33.33%
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76.47%
Cogobuy Group Corporate Events
Ingdan’s First-Quarter Revenue Surges on AI and Robotics Demand
May 12, 2026
Ingdan, Inc. reported unaudited first-quarter 2026 revenue of about RMB6.03 billion, up 125.6% year on year, with technical solutions, distribution and proprietary products contributing 44.7%, 54.8% and 0.5% respectively. Operating profit rose 51....
Ingdan, Inc. posts strong 2025 revenue surge on expanding AI ecosystem
Mar 31, 2026
Ingdan, Inc. reported strong growth for the year ended December 31, 2025, with revenue rising 50.1% year-on-year to RMB 15.21 billion and gross profit up 24.1% to RMB 1.10 billion. Profit from operations increased 24.4% to RMB 532.4 million and pr...
Ingdan Sets March 31 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 18, 2026
Ingdan, Inc. has scheduled a board meeting for March 31, 2026 to review and approve the annual results for the year ended December 31, 2025. At the same meeting, the board will also consider recommending a final dividend, if any, and address other...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.