长江证券发布研报称，全球AI算力需求迸发，云商财报亮眼、云订单快速积累，资本开支再次上调、 投入力度显著增强；算力卡交付提速。数据中心互联需求持续攀升，光芯片产能满载，高速光模块供不 应求，扩产加速落地。光纤光缆、高速线缆与液冷等配套设备扩容。AI与算力主线强劲上行。 光通信概念逆市走高，截至发稿，长飞光纤（601869）光缆(06869)涨5.7，报37.08港元；汇聚科技 (01729)涨5.69%，报16.71港元；剑桥科技（603083）(06166)涨5.68%，报86.5港元；鸿腾精美(06088)涨 3.33%，报5.28港元。 消息面上，优迅股份今天开启申购，发行价格为51.66元/股，申购上限为0.45万/股。据悉，优迅股份是 国内光通信领域的"国家级制造业单项冠军企业"，专注于光通信前端收发电芯片的研发、设计与销售。 ...

智通财经APP获悉，光通信概念逆市走高，截至发稿，长飞光纤光缆(06869)涨5.7，报37.08港元；汇聚 科技(01729)涨5.69%，报16.71港元；剑桥科技(06166)涨5.68%，报86.5港元；鸿腾精美(06088)涨 3.33%，报5.28港元。 消息面上，优迅股份今天开启申购，发行价格为51.66元/股，申购上限为0.45万/股。据悉，优迅股份是 国内光通信领域的"国家级制造业单项冠军企业"，专注于光通信前端收发电芯片的研发、设计与销售。 长江证券发布研报称，全球AI算力需求迸发，云商财报亮眼、云订单快速积累，资本开支再次上调、 投入力度显著增强；算力卡交付提速。数据中心互联需求持续攀升，光芯片产能满载，高速光模块供不 应求，扩产加速落地。光纤光缆、高速线缆与液冷等配套设备扩容。AI与算力主线强劲上行。 ...

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]

智通财经获悉，剑桥科技(06166)早盘涨近10%，截至发稿，涨8.37%，报84.15港元，成交额2.93亿港 元。 华鑫证券此前指出，剑桥科技多个新产品在多个客户顺利完成认证，预计将在2025年实现大批量发货。 公司继续完善多款800G LPO 产品开发，800G DR8 LPO 产品在客户交换机的测试结果良好，将继续推 进800G 和1.6T LPO 和LRO 产品的开发和迭代更新。完成多个产品在上海工厂和马来西亚工厂的量产和 扩产，以满足2025 年客户的需求。 本文源自：智通财经网 消息面上，据媒体报道，Meta正与谷歌进行深入谈判，考虑从2027年起在自家数据中心大规模采用 TPU，潜在采购规模或达数十亿美元。这笔交易一旦落地，将是谷歌外售TPU上的重大胜利。近期业内 有报道称，谷歌正在进一步追加光模块龙头的订单。从供应链反馈看，此次加单主要集中在800G/1.6T 高速光模块，对应的多为谷歌新一代TPU集群扩容需求。 ...

华鑫证券此前指出，剑桥科技多个新产品在多个客户顺利完成认证，预计将在2025年实现大批量发货。 公司继续完善多款800G LPO 产品开发，800G DR8 LPO 产品在客户交换机的测试结果良好，将继续推 进800G 和1.6T LPO 和LRO 产品的开发和迭代更新。完成多个产品在上海工厂和马来西亚工厂的量产和 扩产，以满足2025 年客户的需求。 智通财经APP获悉，剑桥科技(06166)早盘涨近10%，截至发稿，涨8.37%，报84.15港元，成交额2.93亿 港元。 消息面上，据媒体报道，Meta正与谷歌进行深入谈判，考虑从2027年起在自家数据中心大规模采用 TPU，潜在采购规模或达数十亿美元。这笔交易一旦落地，将是谷歌外售TPU上的重大胜利。近期业内 有报道称，谷歌正在进一步追加光模块龙头的订单。从供应链反馈看，此次加单主要集中在800G/1.6T 高速光模块，对应的多为谷歌新一代TPU集群扩容需求。 ...