Core Viewpoint - The company has addressed rumors regarding delays in chip supply from its largest customer, Cisco, and reassured that its operational performance is on track, with proactive measures in place to ensure supply chain stability and growth [1][2]. Group 1: Operational Response - The company confirmed that online rumors about delays in chip supply do not align with its actual business operations [1]. - It is maintaining active communication with customers to ensure product delivery meets demand, particularly in relation to the supply of upstream materials [1]. - The company has implemented supply chain optimization measures to enhance supply assurance capabilities in anticipation of increased demand [1]. Group 2: Strategic Initiatives - The company has established a special industrial fund for supply assurance and is directly investing in the supply chain to promote collaborative development [1]. - It is utilizing a combination of prepayments, strategic material reserves, capital expenditures, equity investments, and convertible loans to increase investment in upstream supply chain capacity [1]. - The company aims to secure material supply and raw material capacity early on, while continuously strengthening supply chain resilience [1]. Group 3: Financial Performance - The company has projected a significant increase in its 2025 annual net profit, expecting a year-on-year growth of 51.19% to 66.79%, with a non-recurring net profit growth of 64.62% to 81.81% [2]. - The third quarter of 2025 is also expected to show strong growth, driven primarily by the core businesses of high-speed optical modules and telecom broadband access [2]. - All information disclosed in investor relations activities is consistent with public announcements, adhering strictly to disclosure regulations [2].

格隆汇2月13日丨剑桥科技(603083.SH)在投资者互动平台表示，公司与北美大客户的工厂审核相关工作 正按计划正常推进中，相关厂审及配套产品验证工作同步开展，目前各项筹备与执行环节均有序落地。 厂审的完成时间受客户审核流程推进、综合评估等多重因素影响，公司正积极配合大客户完成各项审核 工作，相关工作按计划有序推进。 ...

Core Viewpoint - Cambridge Technology refutes rumors regarding delays in optical chip supply from its largest customer, Cisco, and asserts that its operational performance is on track, with expected significant profit growth in 2025 [1] Group 1: Operational Performance - The company states that the online rumors do not align with its actual operational situation [1] - Cambridge Technology maintains active communication with customers to ensure product delivery meets demand [1] - Anticipating supply chain pressures due to increased demand, the company has optimized its supply chain to enhance supply assurance [1] Group 2: Strategic Initiatives - The company has proactively established a supply guarantee special industrial fund and made direct investments in the supply chain to promote collaboration [1] - It is increasing investments in upstream supply chain capacity through various financial strategies, including prepayments and strategic material reserves [1] - The company aims to strengthen supply chain resilience by locking in material supply and raw material capacity early [1] Group 3: Financial Outlook - Cambridge Technology expects its net profit attributable to shareholders for 2025 to increase by 51.19% to 66.79% year-on-year [1] - The company forecasts a year-on-year growth of 64.62% to 81.81% in net profit after deducting non-recurring items for 2025 [1] - The third quarter of 2025 is also projected to show strong growth, driven by high-speed optical modules and telecom broadband access business [1]

格隆汇2月13日｜就"网传公司光模块被第一大客户思科延迟提供光芯片，也传公司业绩不及预期，是否 真实？"的问题，剑桥科技在互动平台回复称，网上相关信息与公司实际经营情况并不相符。公司2025 年四季度产品交付与上游客供物料供应密切相关，公司与客户保持积极沟通协调，确保交付满足客户需 求。 ...

中国经济网北京2月12日讯剑桥科技（603083）(06166.HK)港股今日收报67.55港元，跌幅1.745%，今日 盘中最低价66.35港元，创上市以来最低价。该股港股目前处于破发状态。 剑桥科技2025年10月28日在港交所上市。配发结果公告显示，剑桥科技全球发售项下发售股份数目 67,010,500股H股(视乎超额配股权行使与否而定)，香港发售股份数目6,701,050股H股，国际发售股份数 目60,309,450股H股(视乎超额配股权行使与否而定)。 剑桥科技的独家保荐人为国泰君安国际；联席整体协调人、联席全球协调人、联席账簿管理人及联席牵 头经办人为国泰君安国际、中信证券；联席全球协调人、联席账簿管理人及联席牵头经办人为DBS。 配发结果公告显示，剑桥科技的基石投资者为霸菱、MSIP(摩根士丹利)、HCEP(红杉二级)、Arc Avenue、奇点资产、图灵、Cithara Fund、3W Fund、Schonfeld、Infini、Alpine、DAMSIMF、Aqua Ocean、Martis、泰康人寿、工银理财。 剑桥科技的最终发售价68.88港元，所得款项总额4,615.7百万港元，扣除按 ...

Group 1 - The core viewpoint of the article highlights the performance of the Zhongzheng 1000 ETF (159845), which rose by 0.82% to 3.430 yuan with a trading volume of 1.133 billion yuan as of the midday close [1] - Major stocks within the Zhongzheng 1000 ETF include Xiangnong Chip Creation, which increased by 1.47%, Dongxin Co., which rose by 0.99%, and Yuanjie Technology, which surged by 4.42% [1] - The fund's performance benchmark is the Zhongzheng 1000 Index return, managed by Huaxia Fund Management Co., with a return of 40.83% since its establishment on March 18, 2021, and a return of 1.31% over the past month [1] Group 2 - The article provides specific stock performance details, including Jianqiao Technology's increase of 2.38%, Oufeiguang's decrease of 0.50%, Changxin Bochuang's rise of 11.01%, and Chunzong Technology's increase of 3.39% [1] - Other notable stock performances include Demingli's increase of 1.13%, Yongding Co.'s rise of 1.19%, and Yahua Group's increase of 1.47% [1]

Core Viewpoint - The optical communication sector is experiencing significant stock price increases, driven by strong capital expenditure growth from North American CSPs and a refutation of supply chain rumors by Zhongji Xuchuang [1] Group 1: Stock Performance - Hongteng Precision (06088) rose by 10.49%, trading at 6.32 HKD - Changfei Fiber Optic Cable (06869) increased by 9.95%, trading at 118.2 HKD - Huiju Technology (01729) saw a rise of 7.3%, trading at 18.51 HKD - Cambridge Technology (06166) grew by 2.91%, trading at 70.75 HKD [1] Group 2: Market Rumors and Responses - Recent rumors suggested that overseas CSP clients are attempting a new supply chain model, bypassing optical module assembly factories to order directly from upstream chip manufacturers like Lumentum [1] - Zhongji Xuchuang publicly denied these rumors, stating that there is no situation of clients directly ordering from the company while bypassing intermediaries [1] Group 3: Capital Expenditure Insights - A report from CITIC Securities indicates that four North American CSPs announced strong capital expenditure growth for Q4 2025 - During earnings calls, these companies expressed a strong demand for AI and noted a tight supply of computing power - Companies like Amazon, Google, and Meta provided optimistic capital expenditure guidance for 2026, exceeding market expectations - CITIC Securities believes that the industry is still in the early stages of AI development, and that the construction of computing infrastructure is appropriately ahead of demand, maintaining a positive outlook on the overseas AI computing chain [1]

Core Viewpoint - The CPO concept stocks in the A-share market have collectively strengthened, with significant gains observed in several companies, indicating a positive trend in this sector [1]. Group 1: Stock Performance - Juguang Technology (688167) saw an increase of 11.19%, with a total market capitalization of 33.7 billion and a year-to-date gain of 114.04% [2]. - Taicheng Technology (300570) rose by 10.27%, with a market cap of 33.4 billion and a year-to-date increase of 27.34% [2]. - Tianfu Communication (300394) experienced an 8.99% rise, with a market value of 244.5 billion and a year-to-date gain of 54.88% [2]. - Guangku Technology (300620) increased by 4.79%, with a market cap of 46.2 billion and a year-to-date gain of 26.05% [2]. - Changxin Bochuang (300548) rose by 4.49%, with a market capitalization of 48.2 billion and a year-to-date increase of 16.40% [2]. - Hengdong Light (920045) saw a 4.37% increase, with a market cap of 28.4 billion and a year-to-date gain of 34.79% [2]. - Shijia Photon (688313) increased by 4.13%, with a market value of 39.5 billion, but has a year-to-date decline of 1.63% [2]. - Liant Technology (301205) rose by 4.09%, with a market cap of 24.9 billion and a year-to-date gain of 13.93% [2]. - Jieput (688025) increased by 3.99%, with a market capitalization of 21.3 billion and a year-to-date gain of 58.38% [2]. - Shoubote (300757) rose by 3.48%, with a market cap of 69.9 billion and a year-to-date increase of 78.75% [2]. - Zhongbei Communication (603220) saw a 2.57% increase, with a market value of 14.1 billion and a year-to-date gain of 23.52% [2]. - Cambridge Technology (603083) increased by 2.17%, with a market cap of 36.6 billion but has a year-to-date decline of 22.85% [2]. - Zhongji Xuchuang (300308) rose by 2.01%, with a market capitalization of 602.9 billion but has a year-to-date decline of 11.05% [2].

Core Viewpoint - The CPO concept stocks in the A-share market experienced a collective surge, with significant gains observed in several key companies on February 12 [1]. Group 1: Stock Performance - Juguang Technology (688167) saw an increase of 11.19%, with a total market capitalization of 33.7 billion and a year-to-date gain of 114.04% [2]. - Taicheng Technology (300570) rose by 10.27%, with a market cap of 33.4 billion and a year-to-date increase of 27.34% [2]. - Tianfu Communication (300394) increased by 8.99%, with a market value of 244.5 billion and a year-to-date gain of 54.88% [2]. - Guangku Technology (300620) experienced a rise of 4.79%, with a market cap of 46.2 billion and a year-to-date increase of 26.05% [2]. - Changxin Bochuang (300548) rose by 4.49%, with a market capitalization of 48.2 billion and a year-to-date gain of 16.40% [2]. - Hengtong Optoelectronics (920045) increased by 4.37%, with a market cap of 28.4 billion and a year-to-date increase of 34.79% [2]. - Shijia Photon (688313) saw a rise of 4.13%, with a market value of 39.5 billion, but a year-to-date decline of 1.63% [2]. - Liant Technology (301205) increased by 4.09%, with a market cap of 24.9 billion and a year-to-date gain of 13.93% [2]. - Jiefute (688025) rose by 3.99%, with a market capitalization of 21.3 billion and a year-to-date increase of 58.38% [2]. - Nanbo Technology (300757) increased by 3.48%, with a market cap of 69.9 billion and a year-to-date gain of 78.75% [2]. - Zhongbei Communication (603220) saw a rise of 2.57%, with a market value of 14.1 billion and a year-to-date increase of 23.52% [2]. - Cambridge Technology (603083) increased by 2.17%, with a market cap of 36.6 billion but a year-to-date decline of 22.85% [2]. - Zhongji Xuchuang (300308) rose by 2.01%, with a market capitalization of 602.9 billion but a year-to-date decline of 11.05% [2].

根据华鑫证券研报分析，公司1.6T光模块预计于2026年一季度实现大量发货，这可能会对未来业绩产生 影响。同时，800G光模块仍将是2026年的出货主力，公司通过嘉善、马来西亚和墨西哥基地的产能扩 张来支持需求增长。 经济观察网剑桥科技（603083）近期在业务、市场及战略方面均有重要动态。公司1.6T光模块预计于 2026年一季度实现大量发货，同时800G光模块仍将是2026年出货主力，公司正通过多地基地扩张产能 以支持需求增长。 机构观点 公司战略行动包括使用H股募集资金参与投资基金，以加强光器件和芯片领域的布局，该基金已于2025 年12月完成备案。另据公告，公司拟向美国子公司增资约1亿美元，用于扩张北美及东南亚光模块产 能，这可能会提升长期竞争力。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势 公司已发布2025年业绩预增公告，预计归母净利润同比增长51.19%-66.79%，但四季度业绩因汇兑损失 短期承压，导致2026年1月19日股价跌停。此外，大摩于2026年1月16日减持公司港股，虽规模较小，但 引发了市场关注。 战略推进 ...