Report Industry Investment Rating - Not provided in the content Core Views - The market has high expectations for increased sugar production in India and Thailand during the 25/26 sugar season, which suppresses sugar prices. Brazil's overall production progress is lower than the historical average, causing concerns about potential production cuts and leading to fluctuations in raw sugar prices. However, data from early July shows an acceleration in production progress and a significant increase in the sugar - to - ethanol ratio. In China, the opening of the profit window for out - of - quota imports has strengthened import expectations, causing futures prices to quickly decline to close the profit window [4]. Summary by Relevant Catalogs Sugar Price Forecast and Risk Management Strategy - **Price Range Forecast**: The predicted monthly price range for sugar is 5600 - 6000, with a current 20 - day rolling volatility of 4.40% and a historical percentile (3 - year) of 2.2% [3]. - **Inventory Management Strategy**: For enterprises with high finished - product inventory worried about price drops, it is recommended to short Zhengzhou sugar futures (SR2509) with a 50% hedging ratio at an entry range of 5800 - 5850. Also, selling call options (SR511C5800) with a 25% hedging ratio at an entry range of 30 - 40 can reduce costs and lock in the selling price of spot sugar [3]. - **Procurement Management Strategy**: For enterprises with low regular procurement inventory aiming to purchase based on orders, it is recommended to buy Zhengzhou sugar futures (SR2509) with a 50% hedging ratio at an entry range of 5650 - 5700. Selling put options (SR511P5500) with a 75% hedging ratio at an entry range of 40 - 50 can reduce procurement costs and lock in the purchase price of spot sugar [3]. Core Contradictions - Market expectations of increased production in India and Thailand during the 25/26 sugar season suppress sugar prices. Brazil's slower - than - usual production progress and subsequent acceleration, along with changes in the sugar - to - ethanol ratio, affect raw sugar prices. The opening of the out - of - quota import profit window in China leads to a decline in futures prices [4]. Bullish Factors - As of the end of July, cumulative sugar sales in Guangxi reached 549.61 million tons, a year - on - year increase of 39.66 million tons, with a sales - to - production ratio of 85.01%, a 2.51 - percentage - point increase. Industrial inventory was 96.89 million tons, a year - on - year decrease of 11.3 million tons. In Yunnan, cumulative sugar sales reached 195.14 million tons, a year - on - year increase of 32.62 million tons, with a sales - to - production ratio of 80.68%, a 0.7% increase [5]. - The National Federation of Cooperative Sugar Factories in India (NFCSF) expects the ending sugar inventory in the 2024/25 sugar season to be between 480 - 500 million tons, sufficient to meet domestic consumption from October to November 2025 [5]. - China has suspended imports of Thai syrup and premixed powder [5]. - From the beginning of the 2025/26 sugar season to the first half of July, the cumulative cane crushing volume in Brazil's central - southern region was 256.14 billion tons, a 9.61% year - on - year decrease. The sugar - to - ethanol ratio was 51.58%, a 2.69 - percentage - point increase compared to the same period last year [6]. - In June, the import volume of syrup and premixed powder was 115,500 tons, a year - on - year decrease of 103,500 tons [6]. - Brazil has increased the mandatory ethanol blending ratio in gasoline from 27% to 30% and the biodiesel ratio in diesel from 14% to 15% [6]. - Trump stated that Coca - Cola has agreed to use sugar as a beverage additive in the US again, and PepsiCo is also willing to launch sugar - containing cola if there is consumer demand [7]. Bearish Factors - During the 2024/25 sugar season in Guangxi, the cumulative cane crushing volume was 485.954 billion tons, a year - on - year decrease of 258.47 billion tons, while the mixed - sugar production was 646.5 million tons, a year - on - year increase of 28.36 million tons, with a sugar production rate of 13.30%, a 1.22 - percentage - point increase [8]. - Analysis firm JOB predicts a 5% increase in Brazil's sugar production to 46 million tons during the 25/26 sugar season [8]. - Thailand's sugar production in the 24/25 sugar season is expected to reach 10.39 million tons [8]. - India's monsoon has arrived 3 - 4 days earlier than usual. The chairman of the federation expects a strong recovery in sugar production in the 2025/26 sugar season, with an estimated output of about 35 million tons [8]. - In June, China's sugar imports were 424,600 tons, a year - on - year increase of 397,000 tons, and the out - of - quota import profit window has opened [9]. - In the first half of July, the cane crushing volume in Brazil's central - southern region was 49.823 billion tons, a 14.77% year - on - year increase, and sugar production was 3.406 million tons, a 15.07% year - on - year increase [9]. - In July, Guangxi's single - month sugar sales were 355,500 tons, a year - on - year decrease of 217,800 tons, and Yunnan's industrial inventory was 467,300 tons, a year - on - year increase of 60,600 tons [9]. Price and Spread Information - **Base - difference Changes**: On August 14, 2025, the base - difference between Nanning and SR01 was 321, with a daily increase of 8 and a weekly decrease of 64. The base - difference between Kunming and SR01 was 201, with a daily increase of 3 and a weekly decrease of 44 [10]. - **Futures Price and Spread**: On August 15, 2025, the closing price of SR01 was 5664, with a daily increase of 0.09% and a weekly increase of 1.63%. The spread between SR01 and SR05 was 40, with a daily decrease of 11 and a weekly decrease of 2 [10]. - **Spot Price and Regional Spread**: On August 15, 2025, the spot price of sugar in Nanning was 5980, with no daily change and a weekly increase of 30. The price difference between Nanning and Liuzhou was - 20, with no daily or weekly change [11]. - **Sugar Import Price Changes**: On August 15, 2025, the in - quota import price of Brazilian sugar was 4561, with a daily increase of 9 and a weekly increase of 195. The out - of - quota import price was 5796, with a daily increase of 10 and a weekly increase of 253 [12].

通信行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300394 | 天孚通信 | 9.69 | 6.45 | 61537.98 | | 000063 | 中兴通讯 | 2.75 | 4.00 | 36214.02 | | 603083 | 剑桥科技 | 9.93 | 20.57 | 28514.47 | | 300570 | 太辰光 | 6.64 | 13.92 | 27104.63 | | 300548 | 长芯博创 | 5.28 | 10.47 | 24837.52 | | 300620 | 光库科技 | 20.01 | 11.41 | 20371.00 | | 300502 | 新易盛 | 15.45 | 6.79 | 20047.89 | | 603881 | 数据港 | 4.25 | 9.66 | 17867.42 | | 000070 | 特发信息 | 10.02 | 16.92 | 17745.41 | | 002583 | 海能达 | 3.09 | 10.27 | ...

资金流入比率方面，大元泵业、兴瑞科技、博杰股份等流入比率居前，主力资金净流入率分别为 39.29%、20.16%、20.03%。（数据宝） 液冷服务器概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 000066 | 中国长 城 | 9.99 | 17.06 | 118120.77 | 12.73 | | 002536 | 飞龙股 份 | 10.02 | 17.96 | 43003.46 | 18.48 | | 000977 | 浪潮信 息 | 3.80 | 7.73 | 36499.63 | 5.57 | | 000063 | 中兴通 讯 | 2.75 | 4.00 | 36214.02 | 6.40 | | 603083 | 剑桥科 技 | 9.93 | 20.57 | 28514.47 | 9.40 | | 601609 | 金田股 份 | 10.06 | 10.57 | 26227.57 | 18. ...

Market Overview - On August 13, the communication equipment sector rose by 6.06% compared to the previous trading day, with Guangku Technology leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers in Communication Equipment Sector - Guangku Technology (300620) closed at 79.30, up 20.01% with a trading volume of 281,600 shares and a transaction value of 2.204 billion [1] - Xinyi Technology (300502) closed at 236.56, up 15.45% with a trading volume of 601,100 shares and a transaction value of 13.529 billion [1] - Dingtong Technology (688668) closed at 115.36, up 13.10% with a trading volume of 111,200 shares [1] - Other notable gainers include Zhongji Xuchuang (300308) up 11.66%, Jiexun Feihong (300213) up 10.79%, and Tefa Information (000070) up 10.02% [1] Market Capital Flow - The communication equipment sector saw a net inflow of 2.48 billion from institutional investors, while retail investors experienced a net outflow of 6.38 billion [2] - The top stocks by net inflow from institutional investors include Tianfu Communication (300394) with a net inflow of 619 million, and ZTE Corporation (000063) with a net inflow of 313 million [3] Underperformers in Communication Equipment Sector - Dayhai Intelligent (002313) closed at 12.81, down 5.67% with a trading volume of 907,500 shares and a transaction value of 1.187 billion [2] - ST Gaohong (000851) closed at 1.90, down 5.00% with a trading volume of 13,900 shares [2] - Other underperformers include Cheng Tian Wei Ye (300689) down 4.73% and ST Lu Tong (300555) down 1.67% [2]

Group 1: Market Performance - The three major indices showed strong performance, with the Shanghai Composite Index rising by 0.48%, surpassing last year's October high, while the Shenzhen Component Index increased by 1.76% and the ChiNext Index surged by 3.62% [1] - Over 2,600 stocks in the two markets experienced gains, with a total trading volume of approximately 2.15 trillion yuan [1] Group 2: Sector Highlights - The computing power, liquid cooling servers, and CPO concept stocks performed exceptionally well, with New Yisheng (300502.SZ) rising over 15%, and other notable gains from Zhongji Xuchuang (300308.SZ) at 11.66% and Cambridge Technology (603083.SH) at 9.93% [1] - PEEK materials saw collective strength, with companies like Huami New Materials (836247.BJ) and Xinhang New Materials (301076.SZ) experiencing significant increases [2] - The non-ferrous metals sector also performed well, with Electric Alloy (300697.SZ) rising over 9% and other companies like Luoyang Molybdenum (603993.SH) and Zhongfu Industrial (600595.SH) showing strong gains [2] Group 3: Economic Insights - Citic Securities noted that poor economic and employment data in the U.S. strengthened market expectations for a Federal Reserve rate cut in September, contributing to a broad rise in the non-ferrous metals sector [3] - The domestic push for "anti-involution" to optimize production factors is expected to enhance profitability across various sectors, benefiting metal prices [3] - The valuation of industrial metals is currently low, indicating potential for upward correction, with a bullish market for non-ferrous metals starting to emerge [3] Group 4: Policy and Market Sentiment - Dongguan Securities highlighted active market sentiment, suggesting an overweight position in the financial sector due to supportive policies aimed at enhancing the attractiveness of domestic capital markets [4] - The number of new A-share accounts opened in July reached 1.96 million, a significant year-on-year increase of 71%, indicating rising market participation and potential business opportunities for the securities industry [4] - Some sectors, including banks, coal, and logistics, experienced declines, with notable drops in stocks like Lu'an Huaneng (601699.SH) and Jiangsu Bank (600919.SH) [4]

金融界消息 截至2025年8月13日收盘，剑桥科技（603083）报收于56.92元，上涨9.93%，换手率 20.57%，成交量55.13万手，成交金额30.34亿元。 资金流向方面，今日主力资金净流入2.15亿元，占比成交额7.1%。其中，超大单净流入2.16亿元、占成 交额7.12%，大单净流出68.06万元、占成交额0.02%，中单净流出流出17913.29万元、占成交额5.9%， 小单净流出3623.08万元、占成交额1.19%。 天眼查商业履历信息显示，上海剑桥科技股份有限公司，成立于2006年，位于上海市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本26804.1841万人民币，实缴资本 26804.1841万人民币。公司法定代表人为GERALD G WONG。 通过天眼查大数据分析，上海剑桥科技股份有限公司共对外投资了9家企业，参与招投标项目16次，知 识产权方面有商标信息12条，专利信息519条，此外企业还拥有行政许可48个。 来源：金融界 剑桥科技最新一期业绩显示，截至2025一季报，公司营业总收入8.94亿元、同比增长5.18%，归属净利 润3143.36万元， ...

CPO概念股走强，光库科技20%涨停，新易盛涨超11%，中际旭创、剑桥科技涨超6%。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603083 证券简称：剑桥科技 公告编号：临2025-044 上海剑桥科技股份有限公司 关于召开2025年半年度业绩说明会的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 会议问题征集：投资者可在2025年8月19日（周二）前通过指定渠道提问，上海剑桥科技股份有限公 司（以下简称"公司"）将在信息披露允许的范围内回答普遍关注的问题。 一、说明会类型 公司定于2025年8月19日（周二）在上海证券交易所网站（www.sse.com.cn）披露《2025年半年度报 告》全文及其摘要。为便于广大投资者更加全面深入地了解公司2025年半年度的经营成果和财务状况， 公司计划于2025年8月19日（周二）15:00-16:00召开2025年半年度业绩说明会，在信息披露允许的范围 内，对投资者普遍关注的问题进行回答。 如遇特殊情况，参会人员可能进行调整。 四、投资者参加方式 （一）投资者可在2025年8月19日（周二）15:00-16:00通过 ...

证券代码：603083 证券简称：剑桥科技 公告编号：临 2025-044 上海剑桥科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 会议召开时间：2025 年 8 月 19 日（周二）15:00-16:00 ? 会议召开地点：价值在线（www.ir-online.cn） ? 会议召开方式：视频录播+网络互动方式 ? 会议问题征集：投资者可在 2025 年 8 月 19 日（周二）前通过指定渠道 提问，上海剑桥科技股份有限公司（以下简称"公司"）将在信息披露允许的范 围内回答普遍关注的问题。 一、说明会类型 公司定于 2025 年 8 月 19 日（周二）在上海证券交易所网站（www.sse.com.cn） 披露《2025 年半年度报告》全文及其摘要。为便于广大投资者更加全面深入地 了解公司 2025 年半年度的经营成果和财务状况，公司计划于 2025 年 8 月 19 日 （周二）15:00-16:00 召开 2025 年半年度业绩说 ...

（文章来源：证券日报） 证券日报网讯 8月11日晚间，剑桥科技发布公告称，公司定于2025年8月19日召开2025年半年度业绩说 明会。 ...