Ingdan, Inc. has announced its audited consolidated results for the year 2023, reporting a total revenue of RMB8,863.4 million and a net profit of RMB319.9 million. The company’s focus on new energy smart batteries and its core businesses, Comtech and Ingdan, have contributed to its success in the growing market demand for AI chips. However, the overall sales have dropped due to supply shortage and a slowdown in demand for chips in certain industries.
