Group 1 - The optical communication sector is experiencing a rebound, with companies like Yangtze Optical Fibre and Cable (06869) rising by 9.6% to HKD 53.75 and Cambridge Technology (06166) increasing by 5.14% to HKD 89.95 [1] - Overnight, US optical communication stocks such as Lumentum surged over 11% and Coherent rose more than 4%, indicating strong market interest [1] - Tianfeng Securities suggests that the market size for Scale-up interconnects, which will eventually lead to Scale-up CPO, has significantly surpassed that of Scale-out networks, highlighting a shift in market dynamics [1] Group 2 - According to a report from Fangzheng Securities, the average price of G.652.D optical fiber has increased for two consecutive quarters, showing a clear price recovery trend [1] - Historical trends indicate that the optical fiber and cable market has certain cyclical characteristics, with a projected production of 125 million core kilometers of optical cables in China by the first half of 2025, despite a year-on-year decline that is narrowing [1] - The prices of common cables and fibers are beginning to rebound, and the procurement prices from operators are expected to stabilize and recover, suggesting an overall improvement in industry sentiment [1]

Group 1 - The optical communication sector is experiencing a rebound, with stocks such as Yangtze Optical Fibre (601869) and Cambridge Technology (603083) seeing significant increases of 9.6% and 5.14% respectively [1] - Overnight, US optical communication stocks like Lumentum and Coherent saw gains of over 11% and 4%, indicating strong market interest [1] - Tianfeng Securities suggests that the market size for Scale-up applications is expected to dominate, driven by the expansion of Scale-up domains and increased interconnection speeds [1] Group 2 - According to a report from Fangzheng Securities, the average price of G.652.D optical fiber has risen for two consecutive quarters, showing a clear recovery trend [1] - Historical trends indicate that the optical fiber and cable market exhibits cyclical behavior, with a projected production of 125 million core kilometers of optical cables in the first half of 2025, despite a year-on-year decline [1] - The decline in production has narrowed, and prices for common cables are beginning to rebound, suggesting that operator procurement prices may stabilize and the overall industry outlook could enter an upward phase [1]

Group 1 - The optical communication sector is experiencing a decline, with companies like Huiju Technology (01729) down 5.64% to HKD 15.9, Cambridge Technology (06166) down 5.56% to HKD 86.65, and Yangtze Optical Fibre and Cable (06869) down 3.39% to HKD 49.32 [1] - The drop in the sector is influenced by a significant decline in the US optical communication stock Lumentum, which fell over 7%, affecting market sentiment [1] - According to a recent report from Guotou Securities, the optical module market is expected to see growth driven by AI demand expansion and high-end structural releases by 2026, with a continued upward trend in global cloud vendor capital expenditures [1] Group 2 - The report highlights that the new round of AI computing power construction will drive high growth in the demand for high-speed optical modules, supported by the expansion of AI clusters and the rollout of next-generation computing platforms [1] - The industry is evolving through two main paths: Scale-out, which expands horizontally through leaf spine architecture, amplifying optical module demand through a "multiplier effect," and Scale-up, which breaks through the bandwidth and distance limitations of copper cables, accelerating the penetration of high-end optical modules in applications like GPU cabinet interconnection and memory pooling [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12月31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: 2026年1月2日 FF301 第 1 頁 共 10 頁 v 1.1.1 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 77,062,000 | | 0 | | 77,062,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 77,062,000 | | 0 | | 77,062,000 | I. 法定/註冊股本變動 | 1. 股份分類 | 普 ...

智通财经获悉，剑桥科技(06166)盘中拉升，现涨超8%，截至发稿，涨8.09%，报100.9港元，成交额 3.18亿港元。 剑桥科技此前宣布，拟以H股募集资金向境外全资子公司CIG美国增资1亿美元，用于产能扩张、研发升 级、市场拓展及供应链安全等核心战略布局。此外，剑桥科技此前披露投资者关系活动记录表显示， 1.6T光模块预计于2026年一季度实现大量发货。2026年，公司1.6T光模块的出货占比预计约为20%，且 该占比后续呈上升趋势；800G光模块仍将是当年出货主力，二者占比将随市场需求与公司产能释放动 态调整。 消息面上，行业研究机构LightCounting预测，2029年全球光模块市场规模有望突破370亿美元，1.6T光 模块将于2025年进入商用元年，全球需求预计为250万至350万只。华龙证券认为，受益于AI基础设施 建设对以太网交换机和高速光模块的强劲需求，以及光互连技术在AIscale-up网络中的应用推广，光模 块市场规模有望持续快速增长。该行认为，高速光模块需求提升有望带动行业盈利能力提升。 本文源自：智通财经网 ...

每经AI快讯，剑桥科技(06166.HK)盘中拉升，截至发稿涨8.09%，报100.9港元，成交额3.18亿港元。 ...

Core Viewpoint - Cambridge Technology (06166) saw a significant intraday increase, rising over 8% to HKD 100.9, with a trading volume of HKD 318 million. The growth is attributed to positive market forecasts and strategic company initiatives [1]. Industry Summary - According to LightCounting, the global optical module market is expected to exceed USD 37 billion by 2029, with 1.6T optical modules projected to enter commercial use in 2025, anticipating a demand of 2.5 to 3.5 million units [1]. - Huolong Securities believes that the strong demand for Ethernet switches and high-speed optical modules driven by AI infrastructure development, along with the promotion of optical interconnect technology in AI scale-up networks, will lead to sustained rapid growth in the optical module market [1]. - The demand for high-speed optical modules is expected to enhance industry profitability [1]. Company Summary - Cambridge Technology plans to raise USD 100 million through H-shares to increase capital for its wholly-owned subsidiary CIG in the U.S., focusing on capacity expansion, R&D upgrades, market development, and supply chain security [1]. - The company anticipates significant shipments of 1.6T optical modules in Q1 2026, with an expected shipment share of approximately 20% for that year, which is projected to increase over time [1]. - The 800G optical module is expected to remain the primary product in terms of shipments for the year, with both product shares adjusting according to market demand and company capacity release dynamics [1].

Group 1 - Cambridge Technology (06166) saw a stock price increase of 7.77%, currently trading at HKD 100.60, with a trading volume of HKD 323 million [1][4] - LightCounting predicts that the global optical module market is expected to exceed USD 37 billion by 2029, with demand for 1.6T optical modules anticipated to reach between 2.5 million to 3.5 million units by 2025 [1][4] - Huolong Securities believes that the strong demand for Ethernet switches and high-speed optical modules driven by AI infrastructure development, along with the promotion of optical interconnect technology in AI scale-up networks, will lead to sustained rapid growth in the optical module market [1][4] Group 2 - Cambridge Technology announced plans to raise USD 100 million through H-shares to increase capital for its wholly-owned subsidiary CIG in the U.S., aimed at capacity expansion, R&D upgrades, market expansion, and supply chain security [1][4]

（股份代號：6166） 海外監管公告 關於受讓並參與認購投資基金份額暨與專業機構共同投資的進展公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲 載 列 上 海 劍 橋 科 技 股 份 有 限 公 司（「 本 公 司 」）在 上 海 證 券 交 易 所 網 站(www.sse.com.cn)及中國報章刊登的本公司關於受讓並參與認購投資基金份額暨 與專業機構共同投資的進展公告，僅供參閱。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CIG SHANGHAI CO., LTD. 上海劍橋科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 承董事會命 上海劍橋科技股份有限公司 Gerald G Wong先生 董事長、執行董事及總經理（首席執行官） 上海，2025年12月26日 於本公告日期，本公司董事會包括：(i)執行董事Gerald G Wong先生、趙海波先 生、趙宏偉先生及張傑先生；(ii)獨立非執行董 ...

Core Insights - The report highlights changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Increased Holdings - ZTO Express (02057) saw an increase of 0.12%, bringing its latest holding percentage to 11.29% [2]. - Mongolian Mining Corporation (00975) experienced a 0.05% increase, with a current holding of 10.59% [2]. - Xinyi International (00732) had a 0.03% increase, resulting in a holding percentage of 5.17% [2]. - Lion Group (02562) had the largest increase over the last five trading days, with a 9.20% rise to 45.26% [3]. - Junsheng Electronics (00699) increased by 3.59%, reaching a holding of 10.21% [3]. - Cambridge Technology (06166) saw a 3.48% increase, with a current holding of 9.53% [3]. Group 2: Decreased Holdings - Meitu (01357) experienced the largest decrease, with a drop of 0.12% to a holding of 28.62% [2]. - Hang Seng Technology ETF (03032) saw a decrease of 0.01%, resulting in a holding of 14.90% [2]. - MicroPort Scientific Corporation-B (02160) had a significant decrease of 2.81%, bringing its holding down to 1.70% over the last five days [3]. - Yihua Tong (02402) decreased by 1.77%, with a current holding of 21.71% [3]. - Zhongjiao Holdings (00839) saw a reduction of 1.22%, resulting in a holding of 13.76% [3].