Shares of Ten Pao Group (01979.HK) surged 6% in early trading on Friday, following the release of its impressive 2025 interim results and announcement of strategic moves into the AI computing power supply market. The Hong Kong-based intelligent power supply solutions provider reported a 20.4% year-on-year increase in net profit to HK$211.7 million, while revenue climbed 19.3% to HK$2,948.1 million for the first half of 2025.

The company's strong performance was driven by growth in its industrial power supply and new energy segments. Ten Pao's new energy business, which includes energy storage systems and automotive electronics applications, saw a remarkable 33.6% year-on-year growth, contributing 19.1% of total revenue. The company also declared an interim dividend of HK6.2 cents per share, representing a payout ratio of approximately 30.2%.

Investors were particularly enthused by Ten Pao's strategic expansion into the AI computing power supply and high-end smart controller markets. The company launched a new high-power supply product with a 3,500W output for server applications, targeting the booming demand for computational resources in cloud computing data centers and AI hardware. With the global smart controller market projected to exceed US$100 billion by 2033, Ten Pao is well-positioned to capitalize on the growing opportunities in the AI era.