Group 1 - The core point of the news is that Cambridge Technology (603083.SH) plans to issue up to 77.062 million overseas listed ordinary shares and list on the Hong Kong Stock Exchange, as notified by the China Securities Regulatory Commission on September 30 [1] Group 2 - Cambridge Technology was established in 2005 and is a leader in the global ICT industry, with R&D and marketing centers in China, the USA, Japan, Germany, and Malaysia [4] - The company's main business involves the R&D, production, and sales of terminal devices for telecommunications, data communications, enterprise, and home networks, as well as high-speed optical module products [4] - The products are widely used in the networks of major global telecommunications operators and in the data centers of leading internet giants [4] Group 3 - According to the 2025 semi-annual report, the company's operating revenue for the period was 2.035 billion yuan, representing a year-on-year increase of 15.48% [4] - The net profit attributable to shareholders of the listed company was 121 million yuan, showing a year-on-year growth of 51.12% [4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 119 million yuan, reflecting a year-on-year increase of 84.21% [4]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued a notification regarding the overseas issuance and listing of Shanghai Cambridge Technology Co., Ltd [1] - The company plans to issue no more than 77,062,000 overseas listed ordinary shares [1] - The shares will be listed on the Hong Kong Stock Exchange [1]

Group 1 - The core point of the news is that Cambridge Technology (603083.SH) plans to issue up to 77.062 million overseas listed ordinary shares and list them on the Hong Kong Stock Exchange, as notified by the China Securities Regulatory Commission [1] Group 2 - Cambridge Technology was established in 2005 and is recognized as a global leader in the ICT industry, with R&D and marketing centers in China, the USA, Japan, Germany, and Malaysia [4] - The company's main business involves the R&D, production, and sales of terminal equipment for telecommunications, data communications, enterprise, and home networks, as well as high-speed optical module products [4] - The products of Cambridge Technology are widely used in the networks of major global telecommunications operators and in the data centers of leading global internet giants [4] Group 3 - According to the 2025 semi-annual report, the company's operating revenue for the period was 2.035 billion yuan, representing a year-on-year increase of 15.48% [4] - The net profit attributable to shareholders of the listed company was 121 million yuan, showing a year-on-year growth of 51.12% [4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 119 million yuan, reflecting a year-on-year increase of 84.21% [4]

人民财讯9月30日电，中国证监会国际合作司发布关于上海剑桥科技（603083）股份有限公司境外发行 上市备案通知书，公司拟发行不超过7706.2万股境外上市普通股并在香港联合交易所上市。 ...

Group 1 - The F5G concept index declined by 0.68% as of the market close on September 30, ranking among the top decliners in the concept sector [1] - Within the F5G sector, notable declines were observed in companies such as Huagong Technology, Feiling Kesi, and Guangxun Technology, while 13 stocks experienced price increases, with Gongjin Co., Pingzhi Information, and Chuling Information leading the gains at 6.01%, 3.40%, and 3.03% respectively [1][2] Group 2 - The F5G concept sector saw a net outflow of 4.081 billion yuan in main funds today, with 25 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 100 million yuan [2] - Huagong Technology led the net outflow with 1.472 billion yuan, followed by Zhongji Xuchuang, Guangxun Technology, and Jianqiao Technology with net outflows of 1.192 billion yuan, 386 million yuan, and 381 million yuan respectively [2][3] - The top net inflow stocks included Dekeli, Gongjin Co., and Pingzhi Information, with net inflows of 271 million yuan, 244 million yuan, and 1.4539 million yuan respectively [2][3]

Core Viewpoint - Cambridge Technology (603083.SH) acknowledges that CPO technology is a key pathway to overcoming speed and power consumption bottlenecks in the optical communication field, but its commercialization process remains uncertain [1] Summary by Relevant Categories Technology Development - The company has initiated preliminary research and development related to CPO technology and has completed the development of some core technology samples [1] - Customer validation processes for CPO technology are currently underway [1] Market Uncertainty - There is significant uncertainty regarding the timeline from prototype to commercial deployment of CPO technology [1] - The impact of CPO technology on supply chain division and structure also carries considerable uncertainty [1]

Core Viewpoint - CPO technology is seen as a key technological path to break through the bottlenecks of speed and power consumption in the optical communication field, but its commercialization process remains uncertain [1] Company Summary - The company has laid out preliminary research and development related to CPO technology and has completed the development of some core technology samples while advancing customer validation [1] - There is uncertainty regarding the cycle from prototype to commercial deployment of CPO technology, which also significantly impacts the supply chain division and landscape [1]

Core Viewpoint - The company has a comprehensive technological capability in the optical module field, focusing on silicon photonics technology for its 800G and 1.6T optical module products [1] Group 1: Technology and Product Development - The company is developing various technology routes, including silicon photonics, EML, and DML [1] - Current business focus is on silicon photonics-based CPO optical engines and the development of external integrated light sources (ELSFP) [1] - Research and development for 1.6T and 3.2T CPO integrated silicon photonic optical engines and high-power laser-based ELSFP has commenced, with products in the customer customization prototype stage [1] Group 2: Market Engagement and Events - The company showcased some experimental prototypes at the recent CIOE (China International Optoelectronic Expo) in Shenzhen [1] Group 3: Long-term Strategy and Industry Context - The company emphasizes the long-term nature of investments in emerging technologies like CPO, which will not have a direct impact on short-term performance [1] - There is a consensus in the industry that the transition from R&D to commercial application of CPO technology will require a significant amount of time and involves uncertainties [1]

Core Viewpoint - The company has successfully begun mass shipments of its 800G optical module products, which are expected to contribute to revenue growth in the first half of 2025 [1] Production Capacity - The company is continuously expanding its production capacity in response to changing customer demands [1] - The planned annual production capacity for the 800G series is expected to reach 2 million units by the end of 2025, with production distributed across factories in Shanghai, Jiaxing, and Malaysia [1]

Core Viewpoint - On September 26, among the 31 primary industries tracked by Shenwan, three industries experienced net financing inflows, with the communication industry leading at a net inflow of 1.053 billion yuan [1] Industry Summary - The communication industry had the highest net financing inflow on September 26, amounting to 1.053 billion yuan [1] - Other industries that saw net financing inflows included media and automotive [1] Company Summary - A total of 1,413 individual stocks experienced net financing inflows on September 26, with 68 stocks having inflows exceeding 50 million yuan [1] - Among these, 25 stocks had net inflows surpassing 100 million yuan [1] - Zhongji Xuchuang topped the list with a net inflow of 597 million yuan, followed by companies such as Sairisi, CATL, Jinghe Integration, Xinyi Sheng, Cambridge Technology, and Goldwind Technology [1]