Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
IngdanHKSE:00400 +3.23%62 Gross Margin % is 6.08% as of Dec. 2025, which is 34% below its 10-year median of 9.22. GuruFocus rates HKSE:00400 with a GF Score™ of 62/100 and a GF Value™ of HK$2.06 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,453 Hardware companies, Ingdan ranks worse than 92.46% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ingdan's Gross Profit for the
six
months ended in Dec. 2025 was HK$573 Mil. Ingdan's Revenue for the
six
months ended in Dec. 2025 was HK$9,424 Mil. Therefore, Ingdan's Gross Margin % for the quarter that ended in Dec. 2025 was 6.08%.
Warning Sign:
Ingdan Inc gross margin has been in long-term decline. The average rate of decline per year is -7.1%.
The historical rank and industry rank for Ingdan's Gross Margin % or its related term are showing as below:
HKSE:00400'
s Gross Margin % Range Over the Past 10 Years
Min: 6.05 Med: 9.22 Max: 11.68
Current: 6.05
During the past 13 years, the highestGross Margin % of Ingdan was 11.68%. The lowest was 6.05%. And the median was 9.22%.
HKSE:00400's Gross Margin % is ranked worse than 92.46% of 2453
companies
in the Hardware industry
Industry Median: 24.82
vs HKSE:00400: 6.05
Ingdan had a gross margin of 6.08% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ingdan was -7.10% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Ingdan had a gross margin of 6.08% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Ingdan Gross Margin % Related Terms
Ingdan Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ingdan's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HKSE:00400 vs SNX, ARW, AVT: Gross Margin % Comparison
For the Electronics & Computer Distribution subindustry, Ingdan's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ingdan Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Ingdan's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ingdan's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Ingdan (HKSE:00400) has a Gross Margin % of 6.08% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Ingdan and its competitors. This is 34% below median its historical median of 9.22. Over the past decade, Ingdan's Gross Margin % has ranged from 6.05 to 11.68. According to the industry distribution chart, Ingdan ranks #2268 out of 2453 companies in the Hardware industry, placing it in the top 92.5%.
Is Ingdan's Gross Margin % too high?
Ingdan's current Gross Margin % of 6.08% is 34% below median its 10-year median of 9.22. Over the past 10 years, this metric has ranged from a low of 6.05 to a high of 11.68. The Hardware industry median Gross Margin % is 24.82. Ingdan's value of 6.08% is 75.5% below this industry median. Based on the distribution chart, Ingdan ranks #2268 out of 2453 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ingdan has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ingdan's Gross Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Ingdan ranks #2268 out of 2453 companies for Gross Margin %. This places Ingdan in the lower half of its industry. The industry median Gross Margin % is 24.82. Ingdan's value of 6.08% is 75.5% below this benchmark. Historically, Ingdan's own Gross Margin % has ranged from 6.05 to 11.68 over the past decade. While the company's 10-year median is 9.22 vs. the industry median of 24.82, Ingdan has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.82, based on 2,453 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ingdan's current Gross Margin % of 6.08% is 75.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Ingdan and its competitors. For the Hardware industry, the median Gross Margin % is 24.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingdan's current Gross Margin % is 6.08%, which is 34% below median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingdan stock overvalued right now?
Based on GuruFocus' analysis, Ingdan (HKSE:00400) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$2.06, compared to a current price of HK$4.32 — trading 109.5% above its estimated fair value. The current Gross Margin % is 6.08%, which is 34% below median its 10-year median of 9.22 and 75.5% below the Hardware industry median of 24.82. Ingdan's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Ingdan (HKSE:00400), the current Gross Margin % is 6.08% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ingdan (HKSE:00400) Overvalued in 2026?
Based on GuruFocus' analysis, Ingdan stock appears to be overvalued.
The current stock price of HK$4.32 is trading 109.5% above its estimated GF Value™ of HK$2.06.
GuruFocus considers Ingdan to be Significantly Overvalued.
Key valuation signals for HKSE:00400:
Gross Margin %: 6.08% (34% below median its 10-year median of 9.22)
GF Value™: HK$2.06 vs. price of HK$4.32 (109.5% above fair value)
Industry Position: 75.5% below the Hardware median (#2268 of 2453)
No single metric tells the full story. See the HKSE:00400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ingdan Inc provides a technology services platform, providing customers with an integrated, full-chain service covering technology solutions, supply chain services, technical training, and after-sales operation and maintenance, connecting the ecosystem service chain from chip supply to end-application deployment, contributing to the industrialization of AI technology. The Group has two reportable segments: Comtech and Ingdan. The majority of its revenue is generated from the Comtech segment, which is engaged in the sales of IC, other electronic components, and AIoT products. The Ingdan segment deals with the sales of proprietary and semiconductor products, and Ingfin financing services. Substantially all of the Group's revenue is derived from the PRC (including Hong Kong).
62GF Score
Get the complete analysis for HKSE:00400
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00400 has been successfully added to your 
