Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective decline, with several companies reporting significant drops in their stock prices as of the midday close on October 14 [1]. Group 1: Stock Performance - Xinyiseng (新易盛) saw a decline of 7.93%, with a total market capitalization of 319 billion and a year-to-date increase of 290.32% [2]. - Tongfu Microelectronics (通富微电) dropped by 7.45%, holding a market cap of 66 billion and a year-to-date increase of 47.36% [2]. - Zhongji Xuchuang (中际旭创) fell by 6.61%, with a market value of 391.2 billion and a year-to-date increase of 186.48% [2]. - Huilv Ecology (汇绿生态) decreased by 5.89%, with a market cap of 11.5 billion and a year-to-date increase of 93.43% [2]. - Jiepute (杰普特) experienced a decline of 5.34%, with a market capitalization of 12.8 billion and a year-to-date increase of 185.16% [2]. - Other notable declines include Dekeli (德科立) at -4.91%, Liantech (联特科技) at -4.91%, and Zhongtian Technology (中天科技) at -4.18% [2]. Group 2: Market Trends - The overall trend indicates a bearish sentiment in the CPO sector, with multiple stocks experiencing declines of over 4% [1]. - Despite the current downturn, some stocks have shown strong year-to-date performance, indicating potential resilience in the sector [2].

Core Viewpoint - Shanghai Cambridge Technology Co., Ltd. is in the process of issuing H-shares and listing on the Hong Kong Stock Exchange, with necessary regulatory approvals pending [1][4]. Group 1: H-Share Issuance Process - The company submitted its application for H-share issuance to the Hong Kong Stock Exchange on April 28, 2025, and published the application materials on the same day [1]. - On September 30, 2025, the China Securities Regulatory Commission confirmed the company's filing for the overseas issuance and listing [2]. - The listing hearing by the Hong Kong Stock Exchange took place on October 9, 2025, to review the company's application [2]. Group 2: Disclosure and Information Provision - The company published a post-hearing information package on the Hong Kong Stock Exchange website to provide information to the public and qualified investors [3]. - The post-hearing information package is a draft and may be updated, and it will not be published on domestic exchanges [3]. Group 3: Board Resolutions - The company's board of directors unanimously approved the global offering and listing arrangements for H-shares during a meeting held on October 13, 2025 [5][6]. - The board authorized relevant personnel to handle specific matters related to the H-share issuance [6]. Group 4: Appointment of Company Secretaries - The board approved the appointment of two individuals as joint company secretaries under the Hong Kong Stock Exchange listing rules, effective immediately [6].

Group 1: Baima Tea Industry - Baima Tea Industry has passed the Hong Kong Stock Exchange hearing for its IPO, establishing itself as a leader in the high-end tea market in China [1] - According to Frost & Sullivan, Baima Tea ranks first in sales in the Chinese oolong and black tea markets as of 2024, with its Tieguanyin sales leading the nation for over 10 years [1] - The successful hearing paves the way for Baima Tea to raise funds for expansion and digitalization, serving as a model for other tea companies to address branding challenges [1] Group 2: SANY Heavy Industry - SANY Heavy Industry has also passed the Hong Kong Stock Exchange hearing for its IPO, with CITIC Securities as its sole sponsor [2] - Founded in 1994, SANY has transformed from a single product and country operation to a diversified, global leader in the engineering machinery industry, ranking as the largest in China and third globally based on cumulative revenue from 2020 to 2024 [2] - The IPO is a key move in SANY's globalization strategy, allowing the company to raise capital for overseas manufacturing and R&D, enhancing its international brand recognition [2] Group 3: Cambridge Technology - Cambridge Technology has received approval for its IPO application on the Hong Kong Stock Exchange, focusing on the design, development, and sales of connectivity and data transmission devices [3] - As of 2024, Cambridge Technology ranks fifth globally in the optical and wireless connectivity device industry, holding a market share of 4.1% [3] - The company's revenue primarily comes from overseas markets, and the IPO will broaden its financing channels to support R&D in optical modules, aligning with the demand for data transmission driven by artificial intelligence [3] Group 4: Dipo Technology - Dipo Technology has passed the Hong Kong Stock Exchange hearing for its IPO, specializing in enterprise-level large model AI application solutions [4] - The company ranks fifth in the Chinese market for enterprise-level large model AI application solutions, with a market share of 4.2% as of 2024 [4] - The IPO aligns with the growing trend of AI application deployment and highlights the attractiveness of the Hong Kong stock market for tech innovation companies [4]

Core Viewpoint - Cambridge Technology is preparing for an IPO in Hong Kong, focusing on its strong overseas revenue and growth potential in the optical and wireless connection equipment market [1][2]. Group 1: Company Overview - Cambridge Technology primarily engages in the design, development, and sales of connectivity and data transmission devices [1]. - The company was listed on the Shanghai Stock Exchange in November 2017 and is one of the few global providers of broadband, wireless, and optical module technology products [2]. - As of 2024, the company ranks fifth globally in the optical and wireless connection equipment industry, holding a market share of 4.1% [2]. Group 2: Financial Performance - The company reported revenues of approximately CNY 3.784 billion, CNY 3.085 billion, CNY 3.65 billion, and CNY 2.034 billion for the years 2022, 2023, 2024, and the first half of 2025, respectively [2]. - Net profits for the same periods were approximately CNY 171 million, CNY 94.965 million, CNY 167 million, and CNY 118 million [2]. Group 3: Revenue Sources - Revenue from overseas markets constituted 82.9%, 89.3%, 92.6%, and 94.0% of total revenue for the years 2022, 2023, 2024, and the first half of 2025, respectively [4]. - The top five customers generated revenues of approximately CNY 2.399 billion, CNY 2.123 billion, CNY 2.738 billion, and CNY 1.678 billion, accounting for 63.5%, 68.8%, 74.9%, and 82.5% of total revenue [4]. Group 4: Product and Market Strategy - The company plans to use the funds raised from the IPO to enhance production capacity, focusing on 800G/1.6T optical module products, 50G/25GPON broadband products, and Wi-Fi 7 and Wi-Fi 8 wireless products [3]. - Cambridge Technology aims to recruit international talent, optimize overseas production capacity, and expand its overseas sales network as part of its future strategies [5].

Core Viewpoint - Cambridge Technology (603083.SH) has published a post-hearing information package on the Hong Kong Stock Exchange website, in compliance with the requirements of the Hong Kong Stock Exchange and the Securities and Futures Commission of Hong Kong [1] Group 1 - The publication aims to provide information to the public in Hong Kong and qualified investors, with no other purposes stated [1] - The post-hearing information package is a draft version, indicating that the information contained may be subject to updates and changes [1]

2025 年 9 月 30 日，公司收到中国证券监督管理委员会（以下简称"中国证 监会"）出具的《关于上海剑桥科技股份有限公司境外发行上市备案通知书》（国 合函〔2025〕1682 号），中国证监会对公司本次发行上市备案信息予以确认。 具体内容详见公司于 2025 年 10 月 1 日在上海证券交易所网站（www.sse.com.cn） 及指定媒体披露的《关于发行境外上市股份（H 股）获得中国证监会备案的公告》 （公告编号：临 2025-059）。 2025 年 10 月 9 日，香港联交所上市委员会举行上市聆讯，审议了公司本次 发行上市的申请。具体内容详见公司于 2025 年 10 月 11 日在上海证券交易所网 站（www.sse.com.cn）及指定媒体披露的《关于香港联交所审议公司发行境外上 市外资股（H 股）的公告》（公告编号：临 2025-060）。 根据本次发行上市的时间安排，公司按照有关规定在香港联交所网站刊登本 次发行聆讯后资料集，该聆讯后资料集为公司根据香港联交所、香港证券及期货 事务监察委员会的要求而刊发，刊发目的仅为提供资讯予香港公众人士和合资格 的投资者，除此之外并无任何其他目的。同 ...

证券代码：603083 证券简称：剑桥科技 公告编号：临 2025-062 上海剑桥科技股份有限公司 第五届董事会第十九次会议决议公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海剑桥科技股份有限公司（以下简称"公司"）于 2025 年 10 月 4 日向全 体董事书面发出关于召开公司第五届董事会第十九次会议的通知，并于 2025 年 10 月 13 日以通讯表决方式召开了本次会议。本次会议由董事长 Gerald G Wong 先生召集，应参会董事 7 名，实际参会董事 7 名。会议的召集、召开和表决程序 符合《公司法》《公司章程》及其他相关法律、法规和规范性文件的规定。全体 董事一致审议通过如下议案并形成决议： 一、审议通过关于确定 H 股全球发售及香港联合交易所有限公司上市相关 事宜的议案 公司于同日召开的第五届董事会战略与 ESG 委员会第六次会议审议通过 《关于确定 H 股全球发售及香港联合交易所有限公司上市相关事宜的议案》，全 体委员一致同意本议案。 二、审议通过关于变更聘任公司秘书生效日期的议案 ...

Group 1 - Cambridge Technology (SH 603083) announced on October 13 that its 19th meeting of the fifth board of directors was held via telecommunication voting, discussing the proposal to change the effective date of the company secretary's appointment [1] - For the year 2024, the revenue composition of Cambridge Technology is 99.94% from the manufacturing of computers, communications, and other electronic devices [1] - As of the report date, the market capitalization of Cambridge Technology is 28.9 billion yuan [1]

Core Viewpoint - Cambridge Technology Co., Ltd. is preparing for an IPO in Hong Kong, with the aim of raising funds for capacity enhancement, R&D, marketing, overseas investments, and general corporate purposes [1][2]. Group 1: IPO Details - The company has submitted its hearing materials for the IPO and is being exclusively sponsored by Guotai Junan Securities [1]. - The funds raised from the IPO will be allocated to various purposes, including increasing production capacity for optical modules, broadband, and wireless products [1]. Group 2: Business Overview - Cambridge Technology specializes in the design, development, and sales of connectivity and data transmission devices, covering broadband, wireless, and optical module technologies [2]. - The company has significant output in XGS PON products and leads in 25GPON and 50GPON technologies, with innovative research in silicon photonic modules [2]. - The company has a global presence, serving clients in 52 countries and regions [2].

Core Viewpoint - Cambridge Technology has passed the main board listing hearing of the Hong Kong Stock Exchange, with Guotai Junan International as its sole sponsor [2] Group 1: Company Overview - As of 2024, Cambridge Technology ranks fifth in the global Optical and Wireless Connectivity Devices (OWCD) industry by sales revenue, holding a market share of 4.1% [2] - The company is primarily engaged in the design, development, and sales of connectivity and data transmission devices, covering broadband, wireless, and optical module technologies [2] Group 2: Technological Advancements - Cambridge Technology is one of the first companies globally to deploy 800G and 1.6T optical module products [2] - The company is actively involved in research and development of silicon photonic modules, Linear Pluggable Optical Devices (LPO), immersion liquid cooling optoelectronic devices, and Co-Packaged Optics (CPO) technology [2]