Shares of IPE GROUP (00929) experienced a dramatic surge of nearly 70% in late trading. At the time of writing, the stock was up 68.46% to HK$1.25, with a turnover of approximately HK$29.51 million.

Public information indicates that IPE GROUP is a controlled subsidiary of the A-share listed company China Baoan Group Co.,Ltd. (000009). Investors inquired on an interactive platform whether the group supplies core precision components for hard disk drives to companies like Seagate and Western Digital (WDC), and if these products are used in AI data centers and server mass storage.

China Baoan Group Co.,Ltd. responded, confirming that IPE GROUP does produce precision components for hard disk drives.

It is noteworthy that IPE GROUP has successfully completed the sample development for its liquid-cooled UQD universal quick connector series and has formally initiated small-batch deliveries. This series of connectors strictly adheres to the OCP open standard, offering core advantages such as leak prevention, quick connect/disconnect, and standardized compatibility. They are suitable for thermal management applications across various fields, including data centers and new energy.