Core Viewpoint - Cambridge Technology (06166) is experiencing a stock price increase driven by the growing demand for AI computing power, which is accelerating the global optical module industry towards upgrades to 800G/1.6T [2][5]. Group 1: Company Overview - Cambridge Technology focuses on the research, production, and sales of optical modules, with a leading position in high-end optical modules such as 800G and 1.6T [2][5]. - The company has achieved 100% material availability and shipment completion rates by obtaining multi-source certification for key materials like silicon optical chips and isolators [2][5]. Group 2: Industry Insights - The optical module industry is expected to maintain high prosperity due to the continuous growth in AI computing demand starting from 2025 [2][5]. - Silicon optical modules are gaining recognition from end customers due to their high integration, low energy consumption, and low cost, especially as EML solution raw materials face shortages [2][5]. - Companies that are the first to enter mass production of silicon optical modules are likely to enjoy high margins during the industry's acceleration phase and benefit from the consolidation of market share [2][5].

Group 1 - Cambridge Technology (06166) saw a stock increase of over 6%, currently trading at 86.5 HKD with a transaction volume of 117 million HKD [1] - Driven by the demand for AI computing power, the global optical module industry is accelerating its upgrade to 800G/1.6T [1] - Optical isolators, as key passive components protecting lasers in optical modules, are facing supply shortages of core materials, particularly Faraday rotators, which is constraining production capacity [1] Group 2 - Cambridge Technology focuses on the research, production, and sales of optical modules, leading in high-end optical modules such as 800G and 1.6T [1] - The company has achieved multi-source certification for key materials like silicon photonic chips and isolators, ensuring a 100% material availability and shipment completion rate [1] - Since 2025, the optical module industry is expected to maintain high prosperity due to the continuous growth in AI computing demand, with silicon photonic modules gaining recognition for their high integration, low energy consumption, and low cost [1] Group 3 - Companies that are the first to enter large-scale production of silicon photonic modules are likely to enjoy high margins during the industry's acceleration phase and benefit from market share consolidation [1]

Core Viewpoint - The optical communication sector is experiencing a rise in stock prices despite market conditions, driven by strong demand for AI computing power and related infrastructure [1] Group 1: Stock Performance - Changfei Optical Fiber (601869) shares increased by 5.7%, reaching HKD 37.08 [1] - Huiju Technology (01729) shares rose by 5.69%, priced at HKD 16.71 [1] - Cambridge Technology (603083) shares climbed by 5.68%, trading at HKD 86.5 [1] - Hong Teng Jing Mei (06088) shares went up by 3.33%, now at HKD 5.28 [1] Group 2: Company Developments - Youxun Co., Ltd. has initiated its subscription with an issue price of CNY 51.66 per share and a subscription limit of 0.45 million shares [1] - Youxun is recognized as a "national-level manufacturing champion" in the optical communication field, focusing on the R&D, design, and sales of optical communication front-end transceiver chips [1] Group 3: Industry Insights - Changjiang Securities reports a surge in global AI computing power demand, with cloud service providers showing strong financial results and rapidly accumulating cloud orders [1] - Capital expenditures are being revised upwards, with significant increases in investment [1] - There is a growing demand for data center interconnects, leading to full capacity in optical chip production and a shortage of high-speed optical modules [1] - Expansion in optical fiber, high-speed cables, and liquid cooling equipment is accelerating [1] - The AI and computing sector is on a strong upward trajectory [1]

Group 1 - The optical communication sector is experiencing a rise in stock prices, with companies like Yangtze Optical Fibre and Cable (06869) up by 5.7% to HKD 37.08, Huiju Technology (01729) up by 5.69% to HKD 16.71, Cambridge Technology (06166) up by 5.68% to HKD 86.5, and Hong Teng Precision (06088) up by 3.33% to HKD 5.28 [1] - Youxun Co., Ltd. has initiated its subscription with an issue price of RMB 51.66 per share and a subscription limit of 0.45 million shares, recognized as a "national-level manufacturing single champion enterprise" in the optical communication field, focusing on the R&D, design, and sales of optical communication front-end transceiver chips [1] - Changjiang Securities has released a report indicating a surge in global AI computing power demand, with cloud service providers showing strong financial results and rapidly accumulating cloud orders, leading to increased capital expenditures and significant investment [1] Group 2 - The report highlights that the demand for data center interconnects is continuously rising, with optical chip production capacity fully loaded and a shortage of high-speed optical modules, prompting accelerated expansion [1] - There is an expansion in the production of optical fibers, high-speed cables, and liquid cooling equipment to meet the growing demand driven by AI and computing power [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 上海劍橋科技股份有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06166 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 67,010,500 | RMB | | 1 | RMB | | 67,010,500 | | 增加 / 減少 (-) | | | 10,051,500 | | | | RMB | | 10,051,500 | | 本月底結存 | | | 77,062,000 | RMB | | 1 | RMB | | 77,062,0 ...

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating which companies saw the largest increases and decreases in ownership percentages over recent trading days [1][2][3]. Group 1: Recent Changes in Holdings - Cambridge Technology (06166) saw the largest increase in ownership percentage, rising by 1.35% to a total holding of 4.12% [2] - The largest decrease was observed in Times China Holdings (01233), which fell by 1.10% to a holding of 4.65% [2] - In the last five trading days, Lion Group (02562) experienced the most significant increase in ownership, up by 5.46% to 24.80% [3] Group 2: Top Gainers and Losers - The top three companies with the highest increases in ownership over the last five days were Lion Group (02562), Longpan Technology (02465) with an increase of 4.69%, and Vanke Enterprises (02202) with an increase of 3.82% [3] - Conversely, the largest decreases in ownership over the same period were seen in Hang Seng China Enterprises (02828), which dropped by 6.21% to 0.76%, and the Yingfu Fund (02800), which decreased by 5.22% to 1.87% [3][4] Group 3: Long-term Trends - Over the last 20 days, the company with the highest increase in ownership was Haotian International Construction (01341), which rose by 16.10% to 68.36% [4] - The largest decrease in ownership over the same period was recorded for New天绿色能源 (00956), which fell by 8.12% to 57.66% [4]

Group 1 - Hong Kong's Hang Seng Index fell by 0.24%, down 61 points, closing at 25,884 points, while the Hang Seng Tech Index rose by 0.11% [1] - Pop Mart (09992) surged over 4%, leading the blue-chip stocks in the Hang Seng Index, supported by government encouragement for trendy toy consumption as the traditional sales season approaches [2] - GAC Group (02238) increased by over 12% following the full delivery of its Aion UT super model and the establishment of a solid-state battery production line [3] Group 2 - Zijin Mining International (02259) rose over 2% as its mining output increased, entering a growth phase in the coming years [4] - Dongyue Group (00189) saw a 4.62% increase, with institutions indicating strong demand for lithium batteries and potential price hikes for PVDF [5] - MicroPort Medical (00853) gained 5% as JPMorgan increased its stake by over HKD 900 million, with Bank of America expressing optimism about its surgical robot business [6] Group 3 - Bole Technology (02592) surged by 12.8% after its core product CBT-009 received patents in Japan and Europe [7] - Cambridge Technology (06166) rose over 4%, with expectations of significant shipments of its 1.6T optical modules in Q1 2026 [8] - Hezhima Intelligent (02533) and Joyson Electronics (00699) both increased by over 4% as they collaborate on a multi-chip platform for robotic domain control products [9] Group 4 - New stock Haiwei Co., Ltd. (09609) debuted with a 15% drop, being the second-largest capacitor film manufacturer in China [10] Group 5 - Food and Beverage ETF (Product Code: 515170) experienced a decline of 1.37% over the past five days, with a PE ratio of 20.73 times and a net redemption of HKD 1.719 million [12] - Gaming ETF (Product Code: 159869) rose by 4.31% over the past five days, with a PE ratio of 36.47 times and a net redemption of HKD 74.789 million [12] - Sci-Tech 50 ETF (Product Code: 588000) fell by 1.21% over the past five days, with a high PE ratio of 147.81 times and a net redemption of HKD 1.54 billion [12]

每经AI快讯，剑桥科技(06166.HK)涨超6%，截至发稿，涨6.2%，报83.95港元，成交额1.28亿港元。 （文章来源：每日经济新闻） ...

Core Viewpoint - Cambridge Technology (06166) has shown a significant increase in stock price, rising over 6% to HKD 83.95, with a trading volume of HKD 128 million, reflecting positive investor sentiment and confidence in future growth [1] Group 1: Company Outlook - The company maintains an optimistic outlook for the fourth quarter and the overall business environment for the upcoming year, expecting continued growth [1] - Cambridge Technology has fully embraced silicon photonics solutions, indicating a strategic shift in technology [1] Group 2: Technological Developments - The company reports that its optical modules with specifications of 800G and above are primarily based on silicon photonics solutions, which is seen as a long-term industry strategy [1] - This technological choice is viewed as a proactive strategy to address the limitations in EML supply, presenting a significant development opportunity for the company [1] - The company anticipates mass shipments of its 1.6T products to commence in the first quarter of 2026 [1]

Group 1: Semiconductor Industry - Semiconductor stocks showed an upward trend, with Huahong Semiconductor rising 1.24% and SMIC increasing by 1.02%. The semiconductor industry is expected to continue its upward trajectory through 2025, driven by U.S. export controls and China's "14th Five-Year Plan" emphasizing technological self-reliance [1][2] Group 2: Pharmaceutical Sector - Lakai Pharmaceutical saw a significant increase of over 15%, with a cumulative rise of over 40% this month. The company has granted rights for its breast cancer candidate drug LAE002 to Qilu Pharmaceutical for a total transaction amount of 2.045 billion yuan, along with a potential sales commission of 10% to 20% [1] Group 3: Technology and AI - Cambridge Technology experienced a nearly 10% rise, with reports indicating that Meta is in talks with Google to potentially purchase TPUs for its data centers starting in 2027, with a procurement scale potentially reaching several billion dollars [1] - Guohua Tong surged over 14% after Huawei announced the launch of its first chat robot, "Smart Hanhan," priced at 399 yuan, marking Huawei's entry into the smart companionship market [2] - Xiaoma Zhixing reported a revenue increase of 72% year-on-year to 25.4 million USD in Q3 2025, with Robotaxi services growing by 89% [3] Group 4: Consumer Goods and Entertainment - Pop Mart rose over 8% after Sony Pictures acquired the film adaptation rights for Pop Mart's popular IP "Labubu," with plans for a movie series already in development [3] - Yuran Agriculture increased by over 9%, being recognized as the world's largest raw milk supplier with a comprehensive business model covering the entire dairy industry chain [4] Group 5: U.S. Market Movements - Robinhood's stock rose over 10.93% as the company announced the launch of a futures and derivatives exchange, deepening its investment in predictive markets [5] - Oracle's stock increased by 4.02% after Deutsche Bank raised its target price based on the company's growth potential in cloud infrastructure and AI services [6]