智通财经获悉，剑桥科技(06166)涨超4%，截至发稿，涨3.94%，报79.15港元，成交额2.88亿港元。 消息面上，近期，谷歌TPU与英伟达GPU引发市场争议，从国内供应链机会来看，其实无论是谷歌TPU 基于3D Torus和OCS的架构，还是英伟达GPU基于NVLink和CLOS网络的架构，在构建超大规模AI算力 集群时，都不可避免地要使用光模块来突破通信瓶颈。光模块作为数据中心内部的"信息高速公路"，确 保了计算潜力能被完全释放。国盛证券表示，海外云厂商资本开支再度上修，需求持续旺盛。光模块行 业正迎来"量价齐增"的发展局面。 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 ...

智通财经APP获悉，剑桥科技(06166)涨超4%，截至发稿，涨3.94%，报79.15港元，成交额2.88亿港元。 消息面上，近期，谷歌TPU与英伟达GPU引发市场争议，从国内供应链机会来看，其实无论是谷歌TPU 基于3D Torus和OCS的架构，还是英伟达GPU基于NVLink和CLOS网络的架构，在构建超大规模AI算力 集群时，都不可避免地要使用光模块来突破通信瓶颈。光模块作为数据中心内部的"信息高速公路"，确 保了计算潜力能被完全释放。国盛证券表示，海外云厂商资本开支再度上修，需求持续旺盛。光模块行 业正迎来"量价齐增"的发展局面。 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。 ...

Group 1: Company Listings and Developments - Innovation Industries officially listed on the Hong Kong Stock Exchange on November 24, closing at HKD 14.59 per share, a rise of 32.76%, focusing on upstream aluminum industry with plans to use funds for overseas capacity expansion and green energy projects [1] - Sany Heavy Industry and Cambridge Technology have been added to the Hong Kong Stock Connect, enhancing cross-border investment opportunities for mainland investors [2] - Joy City Property announced plans to withdraw its listing status on the Hong Kong Stock Exchange, aiming to streamline operations and improve decision-making efficiency in response to industry challenges [3] - JD Industrial has passed the listing hearing on the Hong Kong Stock Exchange, potentially becoming the sixth company under JD Group to go public, which could enhance its financing channels and support the digitalization of the industrial supply chain [4] Group 2: Market Performance - The Hang Seng Index closed at 25,716.50, with a gain of 1.97% on November 24 [5] - The Hang Seng Tech Index reached 5,545.56, increasing by 2.78% [5] - The National Enterprises Index stood at 9,079.42, up by 1.79% [5]

(2) 独家保荐人兼整体协调人(为其本身及代表国际包销商)于2025年11月10日(星期一)悉数行使超额配股 权，涉及按每股H股68.88港元(即全球发售项下每股H股的最终发售价，不包括1%经纪佣金、0.0027%证 监会交易征费、0.00015%会财局交易征费及0.00565%香港联交所交易费)发行合共1005.15万股H股，用 于促成将部分H股交付予已同意延迟交付其根据全球发售认购的相关H股的承配人及╱或补足国际发售 的超额分配(如有)。 在稳定价格期间，稳定价格经办人并无在市场上买卖任何H股以稳定价格。 智通财经APP讯，剑桥科技(06166)发布公告，有关全球发售的稳定价格期间已于2025年11月22日(星期 六)(即递交香港公开发售申请截止日期起计第30日)结束。有关稳定价格经办人国泰君安证券(香港)有限 公司或其任何联属人士或代其行事的任何人士于稳定价格期间所采取的稳定价格行动之进一步详情载于 下文： (1) 国际发售项下超额分配合共1005.15万股H股，占全球发售项下初步可供认购发售股份总数(于超额配 股权获行使前)的约15%;及 ...

Core Viewpoint - Cambridge Technology (06166.HK) announced the end of the stabilization period for its global offering on November 22, 2025, marking the 30th day since the submission deadline for the Hong Kong public offering application [1] Group 1: Stabilization Actions - During the stabilization period, a total of 10,051,500 H-shares were over-allocated under the international offering, representing approximately 15% of the total shares initially available for subscription before the exercise of the over-allotment option [1] - The sole sponsor and overall coordinator exercised the over-allotment option in full on November 10, 2025, involving the issuance of 10,051,500 H-shares at a final price of HKD 68.88 per share, excluding various fees [1] - No H-shares were bought or sold in the market by the stabilization agent during the stabilization period [1]

格隆汇11月24日丨剑桥科技(06166.HK)公告，有关全球发售的稳定价格期间已于2025年11月22日(星期 六)(即递交香港公开发售申请截止日期起计第30日)结束。有关稳定价格经办人国泰君安证券(香港)有限 公司或其任何联属人士或代其行事的任何人士于稳定价格期间所采取的稳定价格行动之进一步详情载于 下文： (1)国际发售项下超额分配合共10,051,500股H股，占全球发售项下初步可供认购发售股份总数(于超额配 股权获行使前)的约15%；及(2)独家保荐人兼整体协调人(为其本身及代表国际包销商)于2025年11月10日 (星期一)悉数行使超额配股权，涉及按每股H股68.88港元(即全球发售项下每股H股的最终发售价，不包 括1%经纪佣金、0.0027%证监会交易徵费、0.00015%会财局交易徵费及0.00565%香港联交所交易费)发 行合共10,051,500股H股，用于促成将部分H股交付予已同意延迟交付其根据全球发售认购的相关H股的 承配人及╱或补足国际发售的超额分配(如有)。 在稳定价格期间，稳定价格经办人并无在市场上买卖任何H股以稳定价格。 ...

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） 香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）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 示概不會就本公告全部或任何部分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。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）或法律 禁止有關派發的任何其他司法管轄區發佈、刊發、派發。本公告並不構成證券的任何出售要約 或招攬買入、購買或認購的要約或其組成部分，亦不得在美國境內或有關要約或招攬屬違法的 任何其他司法管轄區出售任何發售股份。本公告提及的證券並無亦不會根據1933年美國證券法 （經不時修訂）（「美國證券法」）或美國任何州的證券法登記。證券不得在美國境內或向或代表美 國人士（定義見美國證券法S規例（「S規例」））或為其利益而提呈發售、出售、質押或轉讓，惟 根據美國證券法的登記規定可獲豁免或於不受其規限的交易，並遵守任何適用州證券法則另作 別論。證券將不會在美國公開發售。發售股份 ...

Market Overview - The Hong Kong stock market opened higher today, with the Hang Seng Index at 25,452.87 points, up 232.85 points, a rise of 0.92% [1] - The Hang Seng Tech Index reached 5,456.61 points, increasing by 61.12 points, or 1.13% [3] Company Updates - The Shenzhen Stock Exchange announced adjustments to the Hong Kong Stock Connect eligible securities list, effective from November 24, 2025, adding SANY Heavy Industry (HK06031) and Cambridge Technology (HK06166), both of which listed on the Hong Kong Stock Exchange on October 28 [5] - SANY Heavy Industry saw a slight increase of nearly 1%, while Cambridge Technology experienced a rise of over 6% during the morning session [6] Sector Performance - Technology stocks generally rose, with NetEase up over 3% and Baidu up over 2%. Major companies like Alibaba, Tencent, JD.com, Lenovo, Kuaishou, and Xiaomi all saw increases of over 1% [8] - Gold stocks were active, with China Gold International opening up 4%. The innovative drug sector also saw gains, with Hengrui Medicine rising over 3% [8] - Lithium battery stocks opened higher, with CATL increasing by over 3%. Automotive stocks were broadly up, with GAC Group rising over 9% [8] Future Outlook - Huatai Securities indicated that the sentiment indicator for Hong Kong stocks remains in a pessimistic range, suggesting that the market is entering a "layout zone" where left-side investors can gradually build positions [9] - The outlook for Hong Kong companies' fundamentals is not pessimistic, with a forecasted increase in non-financial profit growth for overseas Chinese stocks from 10% this year to around 15% by 2026 [9] - CITIC Securities noted that A-shares and Hong Kong stocks may experience a pattern similar to U.S. stocks, with "sharp declines followed by slow recoveries," presenting an opportunity for investors to reallocate towards A-shares and Hong Kong stocks as they prepare for 2026 [9]

Market Overview - The Hong Kong stock market opened higher today, with the Hang Seng Index at 25,452.87 points, up 232.85 points, a rise of 0.92% [1] - The Hang Seng Tech Index reached 5,456.61 points, increasing by 61.12 points, a gain of 1.13% [3] Company Updates - Sany Heavy Industry (HK06031) and Cambridge Technology (HK06166) saw slight increases in their stock prices, with Sany up nearly 1% and Cambridge rising over 6% [4] - Leap Motor (HK09863) announced its inclusion in the Hang Seng Tech Index, effective December 8, 2025, which is expected to broaden its investor base and enhance trading liquidity [5] Market Sentiment and Future Outlook - Huatai Securities indicated that the sentiment indicator for Hong Kong stocks remains in a pessimistic zone, suggesting that the market is entering a "layout zone" where left-side investors can gradually build positions [8] - The macroeconomic data has shown signs of weakness, raising concerns about the divergence between fundamentals and the stock market, but the outlook for Hong Kong companies remains optimistic, with a projected increase in profit growth for overseas Chinese stocks from 10% to 15% by 2026 [8] - CITIC Securities noted that the A-share and Hong Kong stock markets may experience a pattern similar to the U.S. market, characterized by "sharp declines followed by slow recoveries," presenting an opportunity for investors to reallocate their portfolios towards A-shares and Hong Kong stocks as they prepare for 2026 [8] Sector Performance - Technology stocks showed broad gains, with notable increases in companies like NetEase (over 3%), Baidu (over 2%), and others like Alibaba, Tencent, JD, Lenovo, Kuaishou, and Xiaomi, all rising over 1% [7] - Gold stocks were active, with China Gold International opening up by 4% [7] - The innovative drug sector saw most stocks rise, with Hengrui Medicine increasing by over 3% [7] - Lithium battery stocks opened higher, with CATL rising by over 3% [7] - Automotive stocks also performed well, with GAC Group surging by over 9% [7]

剑桥科技今年三季报显示，前三季度，公司共实现营业收入约为33.6亿元，同比增长21.57%；实现归属 于上市公司股东的净利润约为2.59亿元，同比增长70.88%。报告期内，公司业绩实现高质量增长，核心 驱动力来自高速光模块与电信宽带接入两大主营业务。 智通财经APP获悉，剑桥科技(06166)涨超4%，截至发稿，涨4.2%，报81.95港元，成交额633.33万港 元。 消息面上，上交所、深交所发布公告称，因剑桥科技在香港市场价格稳定期结束且相应A股上市满10个 交易日，根据有关规定，港股通标的证券名单发生调整并自2025年11月24日起生效，调入剑桥科技。 ...