INGDAN (00400) shares experienced a significant surge of more than 10% during the afternoon session, trading at HK$4.225 as of the latest report, marking a 9.74% increase with a turnover of HK$15.4845 million.

This rally follows the company's profit forecast, driven by explosive demand for AI computing power. INGDAN expects first-half revenue to reach approximately RMB 12 billion to RMB 14 billion, representing an 80% to 100% year-on-year increase. Operating profit is also projected to rise by 60% to 100% over the same period.

Customer demand remains robust, with a full order book and strong business visibility. Notably, the new AI Token factory business has already secured over US$1 billion in intended orders. Looking ahead, the company anticipates that its business will continue to grow at a rapid pace in the second half of the year, with the AI Token factory segment positioned to become the group's second growth engine.