Core Viewpoint - Cambridge Technology's stock has experienced significant fluctuations, with a year-to-date increase of 163.39% but a recent decline in the last five trading days by 3.86% [2] Group 1: Stock Performance - As of November 17, Cambridge Technology's stock price was 106.24 CNY per share, with a market capitalization of 36.66 billion CNY [1] - The stock has seen a trading volume of 1.265 billion CNY, with a turnover rate of 4.36% [1] - Year-to-date, the stock has been on the leaderboard nine times, with a total net buy of 1.145 billion CNY, accounting for 19.80% of total trading volume [2] Group 2: Financial Performance - For the period from January to September 2025, Cambridge Technology reported a revenue of 3.36 billion CNY, representing a year-on-year growth of 21.57% [3] - The net profit attributable to shareholders for the same period was 259 million CNY, showing a substantial increase of 70.88% year-on-year [3] Group 3: Shareholder and Dividend Information - Since its A-share listing, Cambridge Technology has distributed a total of 163 million CNY in dividends, with 115 million CNY distributed over the last three years [4] - As of September 30, 2025, the number of shareholders was 67,000, a decrease of 0.64% from the previous period [3] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.85 million shares, an increase of 4.99 million shares from the previous period [4]

Core Viewpoint - Cambridge Technology (603083.SH) is actively engaged in the silicon photonics chip sector, focusing on partnerships and supply agreements to ensure material availability for its products [1] Group 1: Company Developments - The company collaborates with three suppliers to secure supply through agreements or investments [1] - It has made key material reserves for optical modules of 800G and above, primarily using silicon photonics technology [1] - The company is committed to deepening its efforts in silicon photonics technology while simultaneously advancing the research and sample preparation of CPO integrated silicon photonic engines and high-power laser technology CPO devices [1]

格隆汇11月14日丨剑桥科技(603083.SH)在投资者互动平台表示,针对下一代3.2T等更高速率产品，已围 绕硅光技术启动预研，暂无硅光芯片自主研发计划，后续将根据市场需求动态优化供应链与技术布局， 聚焦与外部供应商的深度协同，以保障技术领先性与供应稳定性。 ...

格隆汇11月14日丨剑桥科技(603083.SH)在投资者互动平台表示,1.6T光模块方面，公司已布局多款型 号，涵盖LPO/LRO相关机种且以硅光技术为主，可覆盖主流市场需求，目前部分产品进入小批量供货 阶段，预计2026年一季度实现大量发货。 ...

Core Viewpoint - Cambridge Technology (603083.SH) is actively collaborating with three suppliers in the silicon photonics chip sector, ensuring supply through agreements and investments, while focusing on the development of key materials and technologies for high-capacity optical modules [1] Group 1: Collaboration and Supply Assurance - The company is working with three suppliers to secure the supply of silicon photonics chips [1] - Supply assurance is being achieved through supply agreements and investments [1] Group 2: Technology Development - The focus is on 800G and above optical modules primarily utilizing silicon photonics technology [1] - The company is making key material reserves and continuously deepening its efforts in silicon photonics technology [1] - Development and sample preparation for CPO integrated silicon photonics engines and high-power laser technology CPO devices are being advanced [1]

格隆汇11月14日丨剑桥科技(603083.SH)在投资者互动平台表示,针对下一代3.2T等更高速率产品，已围 绕硅光技术启动预研，暂无硅光芯片自主研发计划，后续将根据市场需求动态优化供应链与技术布局， 聚焦与外部供应商的深度协同，以保障技术领先性与供应稳定性。 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 603083 | 剑桥科技 | 1.26 | 14.83 | 39626.07 | | 300560 | 中富通 | 20.00 | 32.91 | 28749.87 | | 601869 | 长飞光纤 | 1.39 | 3.70 | 14379.67 | | 002115 | 三维通信 | 3.32 | 27.02 | 11809.49 | | 002583 | 海能达 | 3.16 | 7.43 | 9647.37 | | 688387 | 信科移动-U | 1.15 | 4.86 | 5303.50 | | 603322 | 超讯通信 | 2.78 | 9.82 | 4444.36 | | 600776 | 东方通信 | 4.13 | 6.05 | 3935.08 | | 600734 | 实达集团 | 2.36 | 6.86 | 3668.39 | | 002897 | 意华股份 | 0.76 | 7.76 | 3150.50 | | 002 ...

Monetary Policy and Financial Data - As of the end of October 2025, M2 balance reached 335.13 trillion yuan, with a year-on-year growth of 8.2% [1] - M1 balance stood at 112 trillion yuan, reflecting a year-on-year increase of 6.2% [1] - The total social financing stock was 437.72 trillion yuan, growing by 8.5% year-on-year [1] - The balance of loans to the real economy in RMB was 267.01 trillion yuan, up 6.3% year-on-year [1] Regulatory Developments - The Financial Regulatory Bureau is set to release a revised "Commercial Bank Mergers and Acquisitions Loan Management Measures" to support mergers and transformations, including for tech enterprises [4] Corporate News - Moore Threads plans to issue 70 million shares, accounting for 14.89% of total post-issue shares, with initial pricing on November 19 and subscription on November 24 [5] - SMIC reported Q3 net profit of 1.517 billion yuan, a 43.1% increase year-on-year, with revenue of 17.162 billion yuan, up 9.9% [6] - Dahua City intends to acquire a 19.43% stake in Baicai Bang for 694 million yuan, focusing on 6G and satellite internet [8] - Lide Man plans to purchase 70% of Xiansheng Xiangrui for 1.733 billion yuan, entering the bioproducts sector [10] - Higer Communication's subsidiary aims to raise up to 800 million yuan to enhance investment in unmanned and low-altitude economy [14]

Core Insights - In the past five trading days, a total of 228 companies were investigated by institutions, with significant interest in companies like Huichuan Technology, BeiGene, and Zhongchuang Zhiling [1] - Among the companies surveyed, 52 received attention from more than 20 institutions, with Huichuan Technology being the most popular, attracting 197 institutions [1][2] - The data indicates that 16 out of the 20 companies with over 20 institutional surveys experienced net capital inflows, with Cambridge Technology seeing the highest net inflow of 872 million yuan [1][2] Institutional Research Summary - A total of 228 companies were surveyed by institutions from November 7 to November 13, with 87.72% of these activities involving securities companies [1] - The top three companies with the most institutional interest were: - Huichuan Technology: 197 institutions [1] - BeiGene: 167 institutions [1] - Zhongchuang Zhiling: 105 institutions [1] - The most frequently surveyed company was Boying Special Welding, which had five institutional surveys [1] Market Performance Overview - Among the companies surveyed, 24 saw price increases, with notable gains from: - Huasheng Lithium: 84.50% increase [2] - Panlong Pharmaceutical: 24.40% increase [2] - Agricultural Products: 21.43% increase [2] - Conversely, 27 companies experienced declines, with the largest drops from: - Su Da Weige: 14.36% decrease [2] - Oulu Tong: 12.42% decrease [2] - Luguan Technology: 9.69% decrease [2] Detailed Company Insights - The following companies were highlighted for their institutional survey activity and market performance: - Huichuan Technology (197 institutions, -2.82% change) [2] - BeiGene (167 institutions, +9.76% change) [2] - Zhongchuang Zhiling (105 institutions, -0.34% change) [2] - Boying Special Welding (97 institutions, +8.32% change) [2] - Huasheng Lithium (37 institutions, +84.50% change) [3] - Agricultural Products (32 institutions, +21.43% change) [3]

Group 1 - Cambridge Technology experienced a decline of 5.2% on November 14, with a stock price of 101.49 CNY per share, a trading volume of 581 million CNY, a turnover rate of 2.10%, and a total market capitalization of 35.022 billion CNY [1] - The company, established on March 14, 2006, and listed on November 10, 2017, is located in Shanghai and specializes in the R&D, production, and sales of ICT terminal products for home, enterprise, and industrial applications based on cooperative models, primarily JDM and ODM [1] - The revenue composition of the company includes: 55.66% from telecommunications broadband, 28.82% from wireless networks and small base stations, 13.46% from high-speed optical modules, 2.01% from edge computing and industrial interconnection products, and 0.06% from other sources [1] Group 2 - In terms of fund holdings, one fund under Invesco Great Wall has a significant position in Cambridge Technology, with the Invesco Great Wall CSI 1000 Index Enhanced A (015495) holding 3,900 shares, representing 0.53% of the fund's net value, making it the fourth-largest holding [2] - The fund has a total scale of 52.0359 million CNY and has achieved a year-to-date return of 34.34%, ranking 1553 out of 4216 in its category, with a one-year return of 27.52%, ranking 1333 out of 3955 [2]