IPE Group Limited provided earnings guidance for the six months ended June 30, 2013. For the period, the company announced that the group will suffer a significant decrease in net profit, or even a loss as compared to the same period of last year. The decrease in net profit of the group is mainly attributable to the weak demand for hard disk components which has been plummeted in the first half of 2013 due to the weakening demand for the global personal computer.

In addition, the operation cost increases, particularly the continuing increase in wages in the PRC have also adversely affected profitability.