COGOBUY GROUP

Cogobuy Announces 2020 Interim Results

Retrieved on: 
Tuesday, September 1, 2020
Cogobuy, Science and technology, Jeffrey Kang, Technology, Contents, Yoy, Internet of things, Unisound

The Company recorded total revenue of RMB3,281.2million in the first half of 2020, a YoY increase of 22.8%.

Key Points: 
  • The Company recorded total revenue of RMB3,281.2million in the first half of 2020, a YoY increase of 22.8%.
  • Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a technology service company focusing on serving global chip industry and artificial intelligence ("AI") and internet of things ("IoT", together "AIoT") ecosystem, is pleased to announce its unaudited interim results for the six months ended June 30, 2020 ("the first half of 2020" or the "Period").
  • Following a business restructure completed in early 2020, Cogobuy Group was reorganized into two primary businesses of "Ingdan Innovations" and "Ingfin Services" (the "IFS").
  • Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Cogobuy returned to growth in 2020.

Cogobuy Announces 2020 Interim Results

Retrieved on: 
Monday, August 31, 2020
Cogobuy, Science and technology, Technology, Contents, Jeffrey Kang, Yoy, Internet of things, Unisound

The Company recorded total revenue of RMB3,281.2million in the first half of 2020, a YoY increase of 22.8%.

Key Points: 
  • The Company recorded total revenue of RMB3,281.2million in the first half of 2020, a YoY increase of 22.8%.
  • HONG KONG, August 31, 2020 /PRNewswire/ -- (August 31, 2020)Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a technology service company focusing on serving global chip industry and artificial intelligence ("AI") and internet of things ("IoT", together "AIoT") ecosystem, is pleased to announce its unaudited interim results for the six months ended June 30, 2020 ("the first half of 2020" or the "Period").
  • Following a business restructure completed in early 2020, Cogobuy Group was reorganized into two primary businesses of "Ingdan Innovations" and "Ingfin Services" (the "IFS").
  • Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Cogobuy returned to growth in 2020.

Ingdan Innovations Introduces Leading Strategic Investor, Guangdong Finance Fund Management

Retrieved on: 
Thursday, August 13, 2020
Cogobuy, Guangdong, Finance, Companies, Industries, Unisound

HONG KONG, Aug.12, 2020 /PRNewswire/ --Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')) is pleased to announce the Company's flagship Ingdan Innovations, a platform engaged in chip sales and technology services, has signed a strategic investment agreement with Guangdong Finance Fund Management Co., Ltd. ("Guangdong Finance Fund Management"), making it the leading strategic investor in Ingdan Innovations.

Key Points: 
  • HONG KONG, Aug.12, 2020 /PRNewswire/ --Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')) is pleased to announce the Company's flagship Ingdan Innovations, a platform engaged in chip sales and technology services, has signed a strategic investment agreement with Guangdong Finance Fund Management Co., Ltd. ("Guangdong Finance Fund Management"), making it the leading strategic investor in Ingdan Innovations.
  • Guangdong Finance Fund Management belongs to Guangdong's largest provincial integrated financial platform, Guangdong Yueong Investment Holding Co., Ltd., with assets under managementnear 42 billionRMBand focuses on investments in strategic emerging industries, modern services, advanced manufacturing, digital creativity, industrial Internet of Things, and green and low-carbon fields.
  • With Guangdong Finance Fund Management as a strategic investor, Ingdan Innovations will have access to more capital, enabling it to capture the strong demand for high-end chips, driven by the large-scale expansion of 5G, artificial intelligence, Internet of Things, and other new infrastructure in China.
  • We also expect the successful addition of our leading strategic investor, Guangdong Finance Fund Management, the largest provincial integrated financial platform in Guangdong, to encourage other strategic investors to join in the near future.

Cogobuy Announces 2019 Annual Results

Retrieved on: 
Wednesday, April 1, 2020
Cogobuy, Yoy, Economy of China, Companies

Highlights of the annual results for the year ended 31 December 2019:

Key Points: 
  • Highlights of the annual results for the year ended 31 December 2019:
    The Company recorded total revenue of RMB5,854.2 million in 2019, a YoY increase of 5.8%, gross profit was approximately RMB565.6 million in 2019, a YoY increase of 32.5%.
  • [2]
    To further optimize the development of the Company's business, Cogobuy reorganized its subsidiary structure in the second half of 2019.
  • HONG KONG, March 31, 2020 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a company focusing on IC component trading and artificial intelligence ("AI")and internet of things ("IoT", together "AIoT") business services in China, is pleased to announce its audited consolidated results for the year ended 31 December 2019 ("2019" or the "Year").
  • For the year ended 31 December 2019, revenue of the Group amounted to approximately RMB5,854.2 million, a YoY increase of 5.8%.

Cogobuy to Restructure its Business to Capture Opportunities from the Emerging AIoT Market

Retrieved on: 
Thursday, December 19, 2019
Articles, Technology, Cogobuy, Economy of China, Jeffrey Kang, Design, Innovation economics, 5G, Innovation

Through the reorganization, Cogobuy will integrate its global upstream resources and its diversified customized AIoT modules solutions.

Key Points: 
  • Through the reorganization, Cogobuy will integrate its global upstream resources and its diversified customized AIoT modules solutions.
  • Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "This latest businessrestructuring will enhance the Group's operational efficiency and market competitiveness.
  • The Ingdan Innovations will be well positioned to capture opportunities from the emerging AIoT market and the coming 5G-dominated era, Ingdan Innovations is also seeking strategic investors who will further strengthen the Company's position in the market.
  • "With the strong growth momentum of 5G, our 'Ingdan Innovations + Ingfin Services'new dual business model will be ready to capture new opportunities and generate long-term profitable returns for Cogobuy."

Cogobuy to Provide Chinese IoT Companies Access to Imec ASIC Services

Retrieved on: 
Wednesday, September 4, 2019
Cogobuy, Companies, IMEC, Articles, Internet of things, Technology, Fabless semiconductor companies

HONG KONG, Sept.3, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')) is pleased to announce its subsidiary, INGDAN.com, an AIoT Business Service Platform provider, has signed an agreement with imec, a world-leading R&D and innovation hub in nanoelectronics and digital technologies to provide Chinese IoT companies access to imec's ASIC design and manufacturing services.

Key Points: 
  • HONG KONG, Sept.3, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')) is pleased to announce its subsidiary, INGDAN.com, an AIoT Business Service Platform provider, has signed an agreement with imec, a world-leading R&D and innovation hub in nanoelectronics and digital technologies to provide Chinese IoT companies access to imec's ASIC design and manufacturing services.
  • Their world class experts offer tailored support across the entire IC value chain providing access to leading companies in the semiconductor ecosystem.
  • The services they provide include technical advice, ASIC design, access to IP, access to IC manufacturing (in flexible volumes) at affordable cost, assembly, test and certification services.
  • AI hardware and IoT companies in China will now be able to access imec Innovation Services and Solutions through INGDAN.com.

Cogobuy Announces 2019 Interim Results

Retrieved on: 
Thursday, August 29, 2019
Cogobuy, Yoy, EZ, Economy of China, Companies

As a result of the disposal, the Company no longer consolidates the results of EZ Robot in its financial statements.

Key Points: 
  • As a result of the disposal, the Company no longer consolidates the results of EZ Robot in its financial statements.
  • For illustration purposes only, if the Company consolidated EZ Robot's results, the Group's revenue in the first half of 2019 would have increased 6% YoY.
  • Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a company focusing on IC component trading and artificial intelligence and internet of things ("AIoT") business service in China, is pleased to announce its unaudited interim results for the six months ended June 30, 2019 ("the first half of 2019" or the "Period").
  • Therefore, the Group recorded total revenue of RMB2,671.2 million, a YoY decrease of 9.8%, in the first half of 2019.

Cogobuy Announces 2018 Annual Results

Retrieved on: 
Thursday, March 28, 2019
Cogobuy, 5G, Economy of China, Technology, Companies

Highlights of the annual results for the year ended December 31, 2018:

Key Points: 
  • Highlights of the annual results for the year ended December 31, 2018:
    New 5G devices and applications have created a new opportunity for the Group's business growth.
  • Highlights of the fourth quarter of 2018 ended December 31, 2018:
    Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a company focusing on IC component trading and artificial intelligence and internet of things ("AIoT") business services in China, is pleased to announce its audited consolidated results for the year ended December 31, 2018 (the "Year").
  • On December 31, 2018, the Company recorded cash and bank balances including short-term bank deposit and pledged deposits amounted to RMB1,317.8million.
  • In 2018, we completed our strategic changes and put our intelligent hardware supply chain at the core of our service.

Cogobuy wins "Most Valuable Small & Mid-Cap Company" At the 2018 Golden Hong Kong Stocks Awards

Retrieved on: 
Friday, January 18, 2019
Economy of Hong Kong, Economy of Asia, Economy of China, Finance in China, Hong Kong Stock Exchange, Draft:CASH Financial Services Group, Dao Heng Bank

HONG KONG, Jan. 17, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a platform providing artificial intelligence and internet of things ("AIoT") business solutions in China, is pleased to announce its subsidiary, INGDAN.com,was awarded "Most Valuable Small & Mid-Cap Company" at the 2018 Golden Hong Kong Stocks Awards.

Key Points: 
  • HONG KONG, Jan. 17, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a platform providing artificial intelligence and internet of things ("AIoT") business solutions in China, is pleased to announce its subsidiary, INGDAN.com,was awarded "Most Valuable Small & Mid-Cap Company" at the 2018 Golden Hong Kong Stocks Awards.
  • The 2018 Golden Hong Kong Stocks Awards Ceremony, recently concluded in Shenzhen, was co-organized by ZhiTongCaiJing and Hithink RoyalFlush Information with the support ofnearly 180 Hong Kong listed companies.
  • We are encouraged to be able to share this honor with many other outstanding Hong Kong listed companies.
  • With increasing affirmation of INGDAN.com's model, we will continue to realize our growth potential and investment value for investors in the Hong Kong stock market."

INGDAN.com Partners with Toyota to Build New Smart Car Ecosystem That Will Empower Technology Upgrades Across the Automotive Industry

Retrieved on: 
Wednesday, January 16, 2019
Technology, Economy of Japan, Ambient intelligence, Digital technology, Internet of things, Technology assessment, Toyota, Automotive industry

Through the new platform, the two parties will apply Toyota's core technologies to China's innovative enterprises, and empower the Chinese smart car industry to develop the next generation of automotive products and applications.

Key Points: 
  • Through the new platform, the two parties will apply Toyota's core technologies to China's innovative enterprises, and empower the Chinese smart car industry to develop the next generation of automotive products and applications.
  • Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Our partnership with Toyota is a major breakthrough in the development of China's IoT and smart automotive industry.
  • With the ecosystem, the Group aims to provide AIoT solutions to vertical industries such as smart cars, smart homes, robotics, and customized AIoT chips.
  • For further information, please refer to the Company's website at http://www.cogobuy.com/
    The Toyota INGDAN.com Innovation Platform is a new innovative resources ecosystem for the smart car industry, jointly established by INGDAN.com and Toyota.