HK Stock Market Move | Afternoon surge near 70% for IPE GROUP(00929), China Baoan Group mentions company produces precision components for hard disks.

IPE GROUP (00929) soared by nearly 70% in the last trading session. As of the time of publication, it has risen by 68.46% to 1.25 Hong Kong dollars, with a trading volume of 29.5098 million Hong Kong dollars. Public information shows that IPE GROUP is a member company controlled by China Baoan Group (000009.SZ), a listed A-share company. An investor on an interactive platform asked China Baoan Group: Is IPE GROUP, controlled by the company, a supplier of core precision components for hard drives for Seagate and Western Digital (WDC)? Are the related products used in AI data centers and high-capacity server storage? China Baoan Group responded that IPE GROUP produces precision components for hard drives. It is worth noting that IPE GROUP has successfully completed the development of the liquid-cooled UQD universal quick disconnect series samples and has officially started small-scale delivery. This series of liquid-cooled UQD universal quick disconnects strictly adhere to OCP open standards and have core advantages such as leak prevention, quick insertion and removal, and standard compatibility, suitable for various thermal management scenarios in data centers, new energy, and other fields.