Core Viewpoint - Cambridge Technology (603083) has announced the final price for its H-share issuance at HKD 68.88 per share, with plans to list and begin trading on the Hong Kong Stock Exchange on October 28, 2025 [1] Group 1 - The final price for the H-share issuance is set at HKD 68.88 per share [1] - The listing on the Hong Kong Stock Exchange is scheduled for October 28, 2025 [1]

Group 1 - The F5G concept sector leads the market with an increase of 5.93% [1] - Among the top performers, Zhongji Xuchuang rose by 11.11%, Chunqiu Electronics increased by 9.98%, and Changxin Bochuang saw an 8.44% rise [1] - Other notable gainers include Cambridge Technology, Chuling Information, and Tongyu Communication, each rising over 4% [1]

Core Viewpoint - The F5G concept sector is leading the market with a significant increase of 5.93% [2] Company Performance - Zhongji Xuchuang saw a notable rise of 11.11% [2] - Chunqiu Electronics increased by 9.98% [2] - Changxin Bochuang experienced an 8.44% increase [2] - Cambridge Technology and Chuling Information both rose over 4% [2] - Tongyu Communication also saw a rise exceeding 4% [2]

本公司预期将于2025年10月27日(星期一)下午十一时正或之前按招股章程"如何申请香港发售股份-B. 公 布结果"一节指定的方式公布全球发售踊跃程度、香港公开发售申请水平及香港发售股份分配基准以及 香港公开发售的分配结果。 智通财经APP讯，剑桥科技(06166)发布公告，发售价已于2025年10月24日(星期五)厘定为每股H股68.88 港元。 假设香港公开发售于2025年10月28日(星期二)上午八时正或之前在香港成为无条件，预期H股将于2025 年10月28日(星期二)上午九时正开始在香港联交所主板买卖。H股将以每手50股H股的买卖单位进行交 易。 ...

格隆汇10月24日丨剑桥科技(06166.HK)公布，发售价已于2025年10月24日(星期五)厘定为每股H股68.88 港元。 公司预期将于2025年10月27日(星期一)下午十一时正或之前按招股章程「如何申请香港发售股份－B.公 布结果」一节指定的方式公布全球发售踊跃程度、香港公开发售申请水平及香港发售股份分配基准以及 香港公开发售的分配结果。 假设香港公开发售于2025年10月28日(星期二)上午八时正或之前在香港成为无条件，预期H股将于2025 年10月28日(星期二)上午九时正开始在香港联交所主板买卖。H股将以每手50股H股的买卖单位进行交 易。 ...

Group 1 - Cambridge Technology (603083) is conducting an IPO from October 20 to 23, with a public offering amounting to HKD 4.62 billion and a subscription amount of at least HKD 107.4 billion, resulting in an oversubscription of 232 times [1] - The company plans to issue 67.01 million H-shares, with 10% allocated for public offering at a maximum price of HKD 68.88 per share, aiming to raise up to HKD 4.62 billion [1] - The expected listing date for Cambridge Technology is October 28, with Guotai Junan International serving as the sole sponsor [1] Group 2 - Cambridge Technology specializes in the design, development, and sales of connectivity and data transmission devices, generating revenue primarily from broadband, wireless, and optical module technology products [2] - The company has a significant international presence, with overseas market revenue accounting for 82.9%, 89.3%, 92.6%, and 94.0% of total revenue during the past reporting periods [2] - Financial performance shows revenues of approximately RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion for the six months ending June 30 in 2022, 2023, 2024, and 2025 respectively, with corresponding profits of RMB 171 million, RMB 94.965 million, RMB 167 million, and RMB 118 million [2]

Group 1 - Cambridge Technology (06166, 603083.SH) is conducting an IPO from October 20 to 23, with a public offering amounting to HKD 4.62 billion and a subscription amount of at least HKD 107.4 billion, resulting in an oversubscription of 232 times [1] - The company plans to issue 67.01 million H-shares, with 10% allocated for public offering at a maximum price of HKD 68.88 per share, aiming to raise up to HKD 46.2 billion [1] - The expected listing date for Cambridge Technology is October 28, with Guotai Junan International serving as the sole sponsor [1] Group 2 - Cambridge Technology specializes in the design, development, and sales of connectivity and data transmission devices, generating revenue primarily from broadband, wireless, and optical module technology products [2] - The company has a significant international presence, with overseas market revenue accounting for 82.9%, 89.3%, 92.6%, and 94.0% of total revenue during the past reporting periods [2] - Financial performance shows revenues of approximately RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion for the six months ending June 30 in 2022, 2023, 2024, and 2025 respectively, with corresponding profits of RMB 171 million, RMB 94.965 million, RMB 167 million, and RMB 118 million [2]

Group 1: Core Insights - The report highlights the ongoing tension in US-China trade relations, particularly with the US considering broad software export restrictions against China, which may impact market performance [2][4] - The Hong Kong stock market has shown a downward trend, with major indices declining, reflecting cautious investor sentiment amid external market pressures [2][3] Group 2: Company Overview - The specific company, Cambridge Technology (6166.HK), focuses on the design, development, and sales of connectivity and data transmission devices, ranking fifth globally in the optical and wireless connectivity device (OWCD) industry with a market share of 4.1% [6][7] - The company's revenue is projected to recover from a decline in 2022 to an expected increase in 2025, with net profit also showing a recovery trend [6][7] Group 3: Industry Status and Outlook - The OWCD industry is expected to grow significantly, with global sales projected to reach USD 54.6 billion in 2024 and a compound annual growth rate (CAGR) of 13.9% from 2020 to 2024, driven by digital transformation and technological upgrades [7][8] - The competitive landscape is characterized by intense competition and a fragmented market, with the main business models being JDM/ODM and CM/co-location production [7] Group 4: Strengths and Opportunities - The company has established significant technological and research barriers, with R&D spending increasing from CNY 270 million to CNY 320 million from 2022 to 2024, and a strong focus on cutting-edge technologies [8] - The company benefits from a global presence, with over 90% of revenue from overseas markets, allowing it to mitigate tariffs on Chinese products [8] Group 5: Weaknesses and Risks - The company faces risks from high customer concentration, with the top five customers accounting for 82.5% of revenue in the first half of 2025, which could impact performance if demand changes [9] - Trade policies and geopolitical risks, particularly regarding US tariffs on Chinese products, could affect overseas sales despite the company's ability to leverage production in Malaysia [10] Group 6: IPO Information and Fund Utilization - The IPO is expected to raise approximately HKD 4.48 billion, with funds allocated for capacity enhancement, R&D, marketing, and overseas strategic investments [11] - The company has secured cornerstone investors for the IPO, indicating strong market interest and confidence in its growth potential [12] Group 7: Investment Recommendation - The report suggests that Cambridge Technology possesses a clear recovery trend in performance and benefits from favorable industry dynamics, recommending subscription to the IPO while being mindful of potential risks [13]

Group 1 - The CPO concept stocks in the A-share market experienced a decline, with several companies seeing significant drops in their stock prices [1] - Companies such as Huilv Ecology, Tianfu Communication, Changfei Fiber, and Shijia Photon fell over 7% [1] - Other companies like Cambridge Technology and Xinyisheng dropped more than 5%, while Huaten Technology, Huagong Technology, Changxin Bochuang, Liante Technology, and Fenghuo Communication fell over 4% [1] Group 2 - Additional companies including Guangxun Technology, Jingwang Electronics, Ruijie Network, Zhongji Xuchuang, and Taicheng Light saw declines of over 3% [1]

Core Viewpoint - The news provides an overview of the upcoming IPOs, earnings announcements, shareholder meetings, and dividend distributions for various companies listed on the Hong Kong Stock Exchange as of October 23, 2025 [1]. New IPO Activities - Companies currently in the IPO process include: - Baima Tea Industry - Cambridge Technology - Sany Heavy Industry - Dipu Technology - Prada - Lijuz Pharmaceutical [1] Earnings Announcement Dates - Companies scheduled to announce earnings include: - Faraday - Ping An Good Doctor - Longyuan Power - Orient Overseas International - Qingdao Port - China Innovation Investment - Chongqing Machinery and Electric [1] Shareholder Meeting Dates - Companies holding shareholder meetings include: - Datang Power - Andeli Juice - Hongye Futures - Tibet Water Resources - China Anshun Energy [1] Dividend Distribution - Companies with upcoming dividend distributions include: - Hang Seng Bank (ex-dividend date) - Huaxun (dividend payment date) - Wansichang International (dividend payment date) - Zhifeng Industrial Electronics (dividend payment date) - Haitian Flavoring and Food (dividend payment date) - China Shipbuilding Defense (dividend payment date) - Dongfang Xingye Holdings (dividend payment date) - China Resources Mixc Life (dividend payment date) [1][3][4]