Core Viewpoint - The stocks of Tianfu Communication and Tengjing Technology fell over 8%, with Cambridge Technology, Jingwang Electronics, Shenghong Technology, Zhongji Xuchuang, and Industrial Fulian also experiencing significant declines [1] Group 1 - Tianfu Communication and Tengjing Technology saw a drop exceeding 8% in their stock prices [1] - Cambridge Technology, Jingwang Electronics, Shenghong Technology, Zhongji Xuchuang, and Industrial Fulian were among the companies with the largest declines [1]

Group 1 - Cambridge Technology experienced a decline of 5.15% on November 11, with a stock price of 104.82 CNY per share, a trading volume of 3.559 billion CNY, a turnover rate of 12.22%, and a total market capitalization of 35.118 billion CNY [1] - The company, established on March 14, 2006, and listed on November 10, 2017, is located in Shanghai and specializes in the research, 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 - Longxin Fund has one fund heavily invested in Cambridge Technology, specifically the Longxin CSI 1000 Index Enhanced A (018013), which held 35,200 shares as of the third quarter, accounting for 0.99% of the fund's net value, making it the largest holding [2] - The fund, established on April 20, 2023, has a latest scale of 320 million CNY, with a year-to-date return of 42.68%, ranking 948 out of 4216 in its category, and a one-year return of 40.77%, ranking 603 out of 3922 [2]

Market Overview - The three major indices collectively adjusted, with the Shanghai Composite Index down 0.38%, the Shenzhen Component down 0.52%, and the ChiNext Index down 0.74% [1] - The total trading volume in the Shanghai and Shenzhen markets was 12,680 billion yuan, a decrease of 1,864 billion yuan compared to the previous day [1] - Over 2,900 stocks in the market rose [1] Sector Performance - The sectors that saw the highest gains included cultivated diamonds, photovoltaic equipment, battery chemicals, gas, pharmaceutical commerce, and non-ferrous metals [1] - Conversely, sectors that experienced the largest declines included coal mining and processing, insurance, liquor, AI corpus, computing power hardware, and securities [1] Notable Stocks - The cultivated diamond and superhard materials sectors saw a collective surge, with Sifangda hitting the daily limit up, and Huanghe Xuanfeng also closing at the limit [1] - Huifeng Diamond, Power Diamond, and World Diamond saw intraday increases of over 10% [1] - The battery industry chain strengthened again, with upstream material stocks leading the gains; Fangyuan Co. hit the daily limit up, while Tianji Co., Shida Shenghua, Penghui Energy, and Xinzhou Bang were among the top gainers [1] - The photovoltaic equipment sector was also active, with Aters reaching a new high, and Guosheng Technology and Jincheng Co. achieving consecutive gains [1] - On the downside, several computing power hardware stocks fell, with Tianfu Communication down over 7%, and Cambridge Technology, Shenghong Technology, Zhongji Xuchuang, and Industrial Fulian also experiencing declines [1]

Group 1 - The issuance scale of financial bonds by commercial banks reached 2.95 trillion yuan in 2025, a year-on-year increase of 14.79% [1] - The issuance of tier-2 capital bonds and perpetual bonds totaled approximately 1.38 trillion yuan, becoming the main types of bonds issued [1] - In October, the establishment scale of standard trust products increased by 12.86% month-on-month, despite a decrease in the number of products established [1] Group 2 - The storage industry is experiencing a "super cycle" driven by the rapid development of AI technology, with SanDisk raising flash memory contract prices by 50% [2] - The demand for high-end storage products is surging due to the requirements of AI servers and terminal products for storage speed, capacity, and power consumption [2] - In Q3 2025, China's tablet market shipped 8.49 million units, a year-on-year increase of 10.9%, with the consumer market growing by 12.3% [2] Group 3 - The Beidou system's large-scale applications are entering a critical stage of marketization, industrialization, and internationalization, with a focus on five key application areas [3] - The integration of Beidou technology with mobile communication, inertial navigation, and high-precision vision is being promoted to enhance its application in smart cities and other sectors [3] Group 4 - The Northeast region is preparing for a new wave of ice and snow tourism, leveraging its unique resources and diverse activities to attract more visitors [4] - The film market in 2025 has reached a total box office of 45.018 billion yuan, with expectations to surpass 50 billion yuan with upcoming major releases [4] Group 5 - China's offshore wind power capacity reached 44.61 million kilowatts in the first three quarters of 2025, maintaining its position as the world's largest [5] - Samsung is set to launch the Galaxy S26 series, featuring the world's first 2nm mobile chip, marking a significant advancement in the smartphone industry [5] Group 6 - Douyin has initiated a campaign to combat "false low prices" in the sale of Moutai, addressing consumer complaints about misleading marketing practices [5] - The Ministry of Industry and Information Technology has reported 39 apps, including Changba, for illegally collecting personal information [6] Group 7 - Xibei has closed nearly 10 stores across multiple locations since October, with the closures being part of a unified arrangement [6] - Shanghai Changtan Light Commercial Management Co., Ltd. was established with a registered capital of 2.4 billion yuan, focusing on various management services [7] Group 8 - Shenzhen Conostech completed approximately 200 million USD in C+ round financing, focusing on high-end surgical robots [8] - China Unicom's subsidiary, Zhinet Technology, has restarted its IPO process with guidance from China International Capital Corporation [8] Group 9 - Xinyang Technology announced plans for a share reduction of up to 3% by its shareholder, Spring Hong Investment [9] - Jiangnan Chemical successfully acquired 100% of Chongqing Shun'an Explosive Materials Co., Ltd., enhancing its market presence in Southwest China [10] Group 10 - Kelu Electronics reported an annual production capacity of approximately 10GWh at its Yichun energy storage base and is building a new facility in Indonesia [11] - Cambridge Technology exercised its over-allotment option, increasing its H-share issuance to 77.062 million shares [11] Group 11 - Ruima Precision announced the establishment of a wholly-owned subsidiary to meet its business development needs [12][13] Group 12 - The US stock market indices collectively rose, with the Dow Jones up 0.82%, S&P 500 up 1.54%, and Nasdaq up 2.27%, driven by strong performances in tech and AI stocks [14]

Group 1 - On November 10, 2023, a total of 3,741 A-shares received financing funds for purchase, with 488 stocks having purchase amounts exceeding 100 million yuan [1] - The top three stocks by financing purchase amount were Yangguang Electric Power, Zhongji Xuchuang, and Xinyisheng, with amounts of 2.904 billion yuan, 2.436 billion yuan, and 2.413 billion yuan respectively [1] - Three stocks had financing purchase amounts accounting for over 30% of the total transaction amount, with Shisheng Intelligent, Ruilian New Materials, and Haocen Software leading at 39.87%, 37.79%, and 32.22% respectively [1] Group 2 - There were 46 stocks with net financing purchases exceeding 100 million yuan, with the top three being Tianfu Communication, Cambridge Technology, and China West Electric, which had net purchases of 440 million yuan, 424 million yuan, and 409 million yuan respectively [1]

证券代码：603083 证券简称：剑桥科技 公告编号：临 2025-071 上海剑桥科技股份有限公司董事会 2025 年 11 月 12 日 1 经香港联合交易所有限公司（以下简称"香港联交所"）批准，上海剑桥科 技股份有限公司（以下简称"公司"）发行的 67,010,500 股（行使超额配股权之 前）境外上市外资股（H 股）已于 2025 年 10 月 28 日在香港联交所主板挂牌并 上市交易（以下简称"本次发行"）。公司 H 股股票中文简称为"劍橋科技"， 英文简称为"CIG"，股份代号为"6166"。具体内容详见公司于 2025 年 10 月 28 日在上海证券交易所网站（www.sse.com.cn）及指定媒体披露的《关于境外上 市外资股（H 股）挂牌并上市交易的公告》（公告编号：临 2025-065）。 根据本次发行方案，公司同意由独家保荐人兼整体协调人（为其本身及代表 国际承销商）于 2025 年 11 月 10 日悉数行使超额配股权，按最终发售价每股 H 股 68.88 港元（不包括经纪佣金、香港证监会交易征费、香港联交所交易费及香 港会财局交易征费）发行 10,051,500 股 H 股股份。 ...

Group 1 - The company has issued 67.01 million H-shares, which were listed and began trading on the Hong Kong Stock Exchange on October 28, 2025 [1] - The company has agreed to allow the sole sponsor and overall coordinator to fully exercise the over-allotment option on November 10, 2025, issuing an additional 10.05 million H-shares at a final offering price of HKD 68.88 per share [1] - After the full exercise of the over-allotment option, the total number of H-shares issued will increase from 67.01 million to 77.06 million [1]

Core Viewpoint - Cambridge Technology (06166.HK) has fully exercised its over-allotment option, resulting in the issuance of 10,051,500 shares, which accounts for approximately 15% of the initially available shares for subscription under the global offering [1] Group 1: Over-allotment Details - The over-allotment shares will be issued at a price of HKD 68.88 per share, which is the same as the global offering price [1] - The net proceeds from the issuance of the over-allotment shares are approximately HKD 677 million [1] - The Hong Kong Stock Exchange has approved the listing and trading of the over-allotment shares, which are expected to commence on November 12, 2025 [1] Group 2: Business Outlook - The overall business performance for the fourth quarter is positive, with all three major business segments expected to maintain continuous growth [1]

Group 1 - Cambridge Technology (06166) announced that the sole sponsor and overall coordinator has fully exercised the over-allotment option as stated in the prospectus on November 10, 2025, involving a total of 10.0515 million shares, accounting for approximately 15% of the initially available shares for subscription under the global offering before the exercise of the over-allotment option [1] - The over-allotment shares will be issued and allocated by the company at a price of HKD 68.88 per share [1] - The over-allotment shares will be used to facilitate the delivery of certain H-shares to subscribers who have agreed to delay the delivery of their subscribed H-shares under the global offering and/or to cover any over-allocation in the international offering, if applicable [1]

Group 1 - Cambridge Technology (06166) announced that the sole sponsor and overall coordinator has fully exercised the over-allotment option as stated in the prospectus on November 10, 2025, involving a total of 10.0515 million shares for sale, accounting for approximately 15% of the initially available shares for subscription under the global offering before the exercise of the over-allotment option [1] - The over-allotment shares will be issued and allocated by the company at a price of HKD 68.88 per share [1] - The over-allotment shares will be used to facilitate the delivery of certain H-shares to subscribers who have agreed to delay the delivery of their subscribed H-shares under the global offering and/or to cover any over-allocation in the international offering, if applicable [1]