HK Stock Market Move | TEN PAO GROUP (01979) surged over 23% in the final trading session. The company currently has stable orders and its industrial power supply business is expected to benefit from the development of the AI industry.

TEN PAO GROUP (01979) closed up more than 23% at the end of the day, rising 18.52% to HK$2.88 by the time of this report, with a trading volume of HK$69.6175 million. On the news front, TEN PAO GROUP Chairman and CEO Hong Guangyi recently stated that the company's current orders are stable, with contract periods being shortened in response to customer requests and slight price increases. In addition, the company will actively expand into new business directions and products, such as electric bicycles and data centers, with expectations that smart controllers and backup battery modules still have a lot of room for development. Public information shows that TEN PAO GROUP is a provider of intelligent power solutions, including industrial power supplies, consumer power supplies, and new energy products. Guocai International previously released a research report stating that TEN PAO GROUP is an established power solution provider, with the industrial power and consumer power sectors forming the company's core business, while the new energy business serves as a new revenue growth engine. With the development of the AI industry, particularly in smart controllers (PCBAs), the industrial power business is expected to encounter new opportunities for growth.