Core Viewpoint - The CPO concept stocks in the A-share market have shown strong performance, with several companies experiencing significant price increases [1] Group 1: Stock Performance - Robotech and Lantech both surged over 14% [1] - Huada Technology, Woge Optoelectronics, Tongfu Microelectronics, and Kechuan Technology reached the 10% daily limit up [1] - Benkawa Intelligent increased by over 8% [1] - Changdian Technology, Huamao Technology, and Hengtong Optoelectronics rose over 6% [1] - Tiantong Co., Shuguang Digital Creation, Cambridge Technology, Juguang Technology, and Taicheng Technology all gained over 5% [1]

Group 1 - The core point of the article highlights that Yongying Fund's manager Ren Jie achieved a remarkable annual return of 233.29% for the Yongying Technology Smart A fund in 2025, breaking a 17-year record in the public fund industry [1] - The fund significantly reduced its equity investment from 91.59% in Q3 to 78.76% by the end of Q4 2025, reallocating assets to bank deposits and clearing out bond investments [2] - The top ten holdings of the Yongying Technology Smart A fund saw changes, with new additions including Dongshan Precision, Jingwang Electronics, Industrial Fulian, and Cambridge Technology, while previous holdings like Taicheng Light, Lanke Technology, and Shijia Light did not appear in the top ten [2][3] Group 2 - The fund manager emphasized a continued focus on global cloud computing investments, particularly in the optical communication and PCB sectors, while also acknowledging the potential for mean reversion after valuation expansion cycles [1][4] - The Yongying Hong Kong Stock Connect Technology Smart fund also underwent significant changes, with major reductions in holdings of Tencent Holdings and Bilibili-W, both exceeding 20% [5][7] - The performance of the Yongying Hong Kong Stock Connect Technology Smart A and C shares showed a net value growth rate of -22.02% and -22.14% respectively, underperforming their benchmarks by 7.88 and 8.00 percentage points [7]

每经AI快讯，光模块（CPO）指数盘中上涨2%，主要成分股普遍走高。具体来看，罗博特科涨超 10%，盛科通信-U上涨3.85%，源杰科技上涨3.83%，新易盛上涨3.58%，剑桥科技上涨3.12%。 （文章来源：每日经济新闻） ...

● 上海剑桥科技股份有限公司（以下简称"公司"或"剑桥科技"）合并报表范围内的扬中幸福家园创业投 资合伙企业（有限合伙）（以下简称"扬中基金"）拟与其参股公司南京镭芯光电有限公司（以下简 称"镭芯光电"）签订《可转换借款协议》（以下简称"协议"），扬中基金将向镭芯光电提供可转换借款 人民币8,000万元，期限自协议生效之日起至2027年2月1日，年固定利率3%。根据协议约定，若镭芯光 电在2026年任意季度满足债转股条件，则当期债转股额度内的借款本金及对应利息予以豁免，并按照协 议约定转换为扬中基金对镭芯光电的股权投资。对于未能转换为股权投资的任何借款本金及相应利息， 镭芯光电最晚应于2027年2月1日一次性向扬中基金清偿。 证券代码：603083 证券简称：剑桥科技 公告编号：临2026-007 上海剑桥科技股份有限公司关于向参股公司提供财务资助的公告 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： ● 本次财务资助事项已经公司第五届董事会第二十六次会议审议通过，无需提交公司股东会审议，不构 成关联 ...

证券代码：603083 证券简称：剑桥科技 公告编号：临2026-007 上海剑桥科技股份有限公司 关于向参股公司提供财务资助的公告 特别提示 本次财务资助的预期效果基于当前市场环境、合作基础及镭芯光电经营规划 作出，不构成对公司未来业绩的承诺，相关效果实现存在不确定性。 一、财务资助事项概述 （一）财务资助的基本情况 公司合并报表范围内的扬中基金拟于 2026 年 1 月 21 日与镭芯光电签订《可 转换借款协议》（以下简称"协议"），扬中基金将向镭芯光电提供可转换借款人 民币 8,000 万元，期限自协议生效之日起至 2027 年 2 月 1 日，年固定利率 3%。 1 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： 上海剑桥科技股份有限公司（以下简称"公司"或"剑桥科技"）合并 报表范围内的扬中幸福家园创业投资合伙企业（有限合伙）（以下简称"扬中基 金"）拟与其参股公司南京镭芯光电有限公司（以下简称"镭芯光电"）签订《可 转换借款协议》（以下简称"协议"），扬中基金将向镭芯光电提供可转换借款人 民币 8, ...

Market Overview - The communication equipment sector experienced a decline of 3.62% on January 20, with Tongyu Communication leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable gainers included: - Dingxin Communication (603421) with a closing price of 7.92, up 10.00% on a trading volume of 367,100 shares and a turnover of 287 million [1] - Weisheng Information (688100) closed at 46.16, up 7.15% with a trading volume of 128,400 shares and a turnover of 598 million [1] - Major decliners included: - Tongyu Communication (002792) closed at 46.14, down 10.01% with a trading volume of 656,100 shares and a turnover of 3.158 billion [2] - Datang Telecom (600198) closed at 10.64, down 9.98% with a trading volume of 898,800 shares and a turnover of 971 million [2] Capital Flow - The communication equipment sector saw a net outflow of 12.802 billion from institutional investors, while retail investors experienced a net inflow of 8.096 billion [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Hengtong Optic (600487) had a net inflow of 338 million from institutional investors, while retail investors saw a net outflow of 304 million [3] - Longfly Fiber (601869) experienced a net inflow of 132 million from institutional investors, but a net outflow of 161 million from retail investors [3] - Dingxin Communication (603421) had a significant net inflow of 106 million from institutional investors, while retail investors faced a net outflow of 568 million [3]

根据协议约定，若镭芯光电在2026年任意季度满足债转股条件，则当期债转股额度内的借款本金及对应 利息予以豁免，并按照协议约定转换为扬中基金对镭芯光电的股权投资。对于未能转换为股权投资的任 何借款本金及相应利息，镭芯光电最晚应于2027年2月1日一次性向扬中基金清偿。 格隆汇1月20日丨剑桥科技(603083.SH)公布，公司合并报表范围内的扬中幸福家园创业投资合伙企业 （有限合伙）拟与其参股公司南京镭芯光电有限公司签订《可转换借款协议》，扬中基金将向镭芯光电 提供可转换借款人民币8000万元，期限自协议生效之日起至2027年2月1日，年固定利率3%。 ...

根据协议约定，若镭芯光电在2026年任意季度满足债转股条件，则当期债转股额度内的借款本金及对应 利息予以豁免，并按照协议约定转换为扬中基金对镭芯光电的股权投资。对于未能转换为股权投资的任 何借款本金及相应利息，镭芯光电最晚应于2027年2月1日一次性向扬中基金清偿。 格隆汇1月20日丨剑桥科技(603083.SH)公布，公司合并报表范围内的扬中幸福家园创业投资合伙企业 （有限合伙）拟与其参股公司南京镭芯光电有限公司签订《可转换借款协议》，扬中基金将向镭芯光电 提供可转换借款人民币8000万元，期限自协议生效之日起至2027年2月1日，年固定利率3%。 ...

Market Performance - The F5G concept index declined by 2.97%, ranking among the top losers in the concept sector as of the market close on January 20 [1] - Notable declines within the F5G sector included Tongyu Communication, which hit the daily limit down, and Cambridge Technology and Zhenyou Technology, which also experienced significant drops [1] - Conversely, six stocks within the sector saw price increases, with Hengtong Optic-Electric rising by 2.58%, Pingzhi Information by 1.53%, and Tiandi Technology by 1.19% [1] Capital Flow - The F5G concept sector experienced a net outflow of 6.162 billion yuan, with 29 stocks facing net outflows and 12 stocks exceeding 100 million yuan in outflows [1] - The stock with the highest net outflow was Zhongji Xuchuang, with a net outflow of 2.068 billion yuan, followed by Fenghuo Communication and Huagong Technology with net outflows of 955.2 million yuan and 828.3 million yuan, respectively [1] - Stocks with the highest net inflows included Hengtong Optic-Electric, with a net inflow of 252.99 million yuan, followed by Chuling Information and Shanghai Port Group with net inflows of 19.15 million yuan and 14.60 million yuan, respectively [2] Top Gainers and Losers - The top gainers in the F5G concept included Hengtong Optic-Electric, Pingzhi Information, and Tiandi Technology, while the top losers included Zhongji Xuchuang, Fenghuo Communication, and Cambridge Technology [1][2] - The trading volume for the top losing stocks was significant, with Zhongji Xuchuang having a turnover rate of 2.38% and Fenghuo Communication at 12.24% [2]

Group 1 - Cambridge Technology (603083) shares fell over 4% after a significant drop of more than 12% the previous day, currently trading at 78.4 HKD with a transaction volume of 145 million HKD [1] - The company announced an expected net profit attributable to shareholders for the fiscal year 2025 ranging from 252 million to 278 million CNY, representing a year-on-year increase of 51.19% to 66.79% [1] - For Q3 2025, the net profit was reported at 138 million CNY, leading to an estimated Q4 net profit of between -7 million to 19 million CNY, which is below analyst consensus expectations of 139 million CNY [1] Group 2 - The company anticipates a foreign exchange loss of approximately 81.61 million CNY for 2025, a significant decrease from the foreign exchange gain of 14.44 million CNY in 2024, resulting in a net loss impact of about 96.05 million CNY year-on-year [1] - This foreign exchange loss is expected to account for approximately 29.36% to 32.38% of the projected net profit attributable to shareholders, which may negatively impact the overall performance growth trend [1]