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Cogobuy Group (0400) AI Stock Analysis
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Cogobuy Group
(HKEX:0400)
The score is held back primarily by weakening profitability and especially inconsistent cash generation (negative operating and free cash flow in 2025), alongside rising leverage. Technicals are broadly neutral with slightly negative momentum, while valuation is moderate (P/E ~16.9) but lacks dividend yield support.
Cogobuy Group (0400) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 5.35B
- Dividend Yield
- ―
- Average Volume (3M)
- 3.92M
- Price to Earnings (P/E)
- 12.6
- Beta (1Y)
- 0.30
- Revenue Growth
- 81.43%
- EPS Growth
- 65.90%
- Country
- Hong Kong
- Employees
- 577
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Technology Distributors
Cogobuy Group Business Overview & Revenue Model
Company Description
Ingdan, Inc. is an investment holding company, which engages in the provision of an integration platform as a service technology services platform. It operates under the Comtech and Ingdan segments. The Comtech segment focuses on selling integrated c...
How the Company Makes Money
Publicly verifiable, up-to-date details on Cogobuy Group’s current revenue model, revenue breakdown, and significant partnerships are not available from the information provided here. null
Cogobuy Group Financial Statement Overview
Summary
Revenue growth improved in 2025 (+18.7%), but profitability weakened with notable gross margin compression (down to ~7.3% in 2025) and a low net margin (~1.4%). Balance-sheet risk has increased as debt-to-equity rose to 0.61 (2025). Cash flow is the biggest concern: operating cash flow and free cash flow turned negative in 2025, with a history of volatility and multiple negative years.
Income Statement
62PositiveBalance Sheet
58NeutralCash Flow
35Negative| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.79B | 15.21B | 10.13B | 8.86B | 9.54B | 9.45B |
| Gross Profit | 1.32B | 1.10B | 889.46M | 1.03B | 1.11B | 933.38M |
| EBITDA | 883.33M | 677.62M | 613.35M | 742.29M | 814.50M | 830.75M |
| Net Income | 361.91M | 214.76M | 189.85M | 210.70M | 314.41M | 296.15M |
Balance Sheet | ||||||
| Total Assets | 14.47B | 10.96B | 9.61B | 10.20B | 9.71B | 7.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.27B | 618.23M | 437.78M | 682.42M | 137.29M |
| Total Debt | 4.38B | 2.65B | 1.90B | 1.63B | 918.65M | 448.54M |
| Total Liabilities | 9.71B | 6.18B | 5.20B | 5.68B | 5.25B | 3.24B |
| Stockholders Equity | 4.26B | 4.34B | 3.85B | 3.99B | 4.03B | 4.15B |
Cash Flow | ||||||
| Free Cash Flow | -1.39B | -148.60M | 101.02M | -741.37M | 387.98M | -579.66M |
| Operating Cash Flow | -1.34B | -93.46M | 132.01M | -573.34M | 658.47M | -444.97M |
| Investing Cash Flow | -168.98M | -423.10M | -60.54M | -244.21M | -422.62M | -196.49M |
| Financing Cash Flow | 1.79B | 719.00M | 86.55M | 574.82M | 271.91M | 395.99M |
Cogobuy Group Technical Analysis
Price Trends
Market Momentum
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 3.27 is below the 20-day moving average (MA) of 3.88, below the 50-day MA of 4.19, and below the 200-day MA of 3.70, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 30.57 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 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
Overall Rating
HK:136274Outperform
HK:085666Neutral
HK:059560Neutral
HK:052957Neutral- HK:040054Neutral
HK:603651Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1362 | 74Outperform | HKD 231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% |
| HK:0856 | 66Neutral | HKD 11.05B | 6.41 | 16.01% | 5.43% | 10.80% | 37.32% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:0595 | 60Neutral | HKD 1.07B | 4.71 | 12.36% | 1.64% | 12.17% | 331.64% |
| HK:0529 | 57Neutral | HKD 465.59M | 9.59 | 1.66% | 1.24% | 6.08% | -86.65% |
| HK:0400 | 54Neutral | HKD 5.35B | 12.58 | 8.41% | ― | 81.43% | 65.90% |
| HK:6036 | 51Neutral | HKD 897.72M | 4.56 | 48.03% | ― | 132.39% | 1195.68% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0400 | Cogobuy Group | 3.27 | 0.44 | 15.72% | |
| HK:0529 | SiS International Holdings | 1.68 | -0.30 | -15.06% | |
| HK:0856 | VSTECS Holdings Limited | 7.70 | -1.58 | -17.06% | |
| HK:0595 | AV Concept Holdings Limited | 1.22 | 0.82 | 206.53% | |
| HK:1362 | SiS Mobile Holdings Limited | 0.82 | 0.34 | 68.71% | |
| HK:6036 | Apex Ace Holding Ltd. | 0.83 | 0.40 | 91.95% |
Cogobuy Group Corporate Events
Ingdan, Inc. doubles revenue as AI chip ecosystem strategy boosts interim profits
Ingdan, Inc. reported a sharp improvement in interim financial performance for the six months to June 30, 2026, with revenue nearly doubling to RMB 13.25 billion and gross profit rising 36.5% year on year. Profit attributable to equity shareholders j...
Ingdan Secures Over US$1 Billion in AI Token Factory Service Contracts
Ingdan, Inc. has signed formal service contracts for previously announced intent orders tied to its AI Token Factory business, locking in expected aggregate service fee revenue of more than US$1 billion over the next five years. Service delivery is s...
Ingdan Sets Board Meeting to Review Interim Results and Potential Dividend
Ingdan, Inc., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 400, operates in the technology and innovation space through a network of subsidiaries. The group is governed by a board led by Chairman and C...
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.
Date of analysis: Oct 11, 2026