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]

Core Viewpoint - The optical module (CPO) index experienced a decline of 2.25% at the beginning of trading on November 14, indicating a bearish trend in the sector [1] Group 1: Market Performance - The leading stock, Yuanjie Technology, saw a significant drop of 5.00% [1] - Other notable declines included Shijia Photon at 4.24%, Zhongji Xuchuang at 3.29%, Dongshan Precision at 3.01%, and Cambridge Technology at 2.80% [1]

Core Viewpoint - Cambridge Technology (603083) announced that its 1.6T optical module products have testing data comparable to leading companies in the industry, with some products already entering small batch supply phase and expected to achieve mass shipment by Q1 2026 [1] Group 1 - The company has achieved testing data for its 1.6T optical module products that is on par with industry leaders [1] - Some of the company's products have already entered the small batch supply stage [1] - The company anticipates mass shipments of its products to commence by the first quarter of 2026 [1]

Core Viewpoint - Cambridge Technology (603083.SH) has announced that its 1.6T optical module products are performing at a level comparable to leading companies in the industry, with some products entering small batch supply phase and expected to achieve mass shipments by Q1 2026 [1] Group 1: Product Development - The development and mass production of the 1.6T optical module are based on the company's technological reserves and market demand [1] - The optical module products primarily utilize silicon photonics technology, with the 1.6T optical module employing advanced technology that matches the performance of industry leaders [1] Group 2: Customer Collaboration - The company is deeply binding core customers through the JDM model, ensuring supply chain stability [1] - There is strong demand for both 800G and 1.6T optical modules, and the company is advancing product validation with multiple new customers [1] Group 3: Capacity Expansion - The company is continuously expanding production capacity, with the Jiaxing and Malaysia factories gradually releasing capacity [1] - The construction of the production base in Mexico is also being promoted, with annual capacity targets to be adjusted and increased based on customer demand [1]