CIG(SH:603083) Quan Jing Wang·2025-07-14 14:15Core Viewpoint - Cambridge Technology (603083.SH) is expected to see significant profit growth in the first half of 2025, driven by strong demand in high-speed optical modules and broadband access business, with net profit projected to increase by 50.12% to 60.12% year-on-year [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of between 120.10 million and 128.10 million yuan for the first half of 2025, marking a year-on-year increase of 50.12% to 60.12% [1] - The net profit after deducting non-recurring gains and losses is expected to be between 119.20 million and 127.30 million yuan, reflecting a year-on-year increase of 84.47% to 97.01% [1] Group 2: Product Development and Market Expansion - In 2024, the company successfully developed and mass-produced 800G and 400G series products, achieving lower power consumption and costs, with the new 1.6T OSFP optical module prototype completed [2] - The company has made significant progress in broadband access and wireless network sectors, including the development of 5G PON products and successful commercialization of Wi-Fi 7 and 10G gateway products in North America [2] Group 3: Manufacturing and Capacity Expansion - The new optical electronics smart manufacturing base in Jiaxing, Zhejiang, will enhance the company's production capacity for high-speed optical modules and broadband access devices, supporting ongoing business expansion [3] - The company plans to expand its production base in Penang, Malaysia, to improve capacity and supply chain resilience in response to global demand for high-speed optical modules [3] Group 4: Industry Position and Future Outlook - The global competition for computing power is entering a new phase, with increasing demand for 1.6T optical modules driven by advancements in AI server technology [4] - As one of the few domestic manufacturers capable of mass-producing 800G and 1.6T optical modules, the company is positioned for a strategic shift from "follower" to "leader" in the high-end optical module market [4] - The ongoing H-share listing process is expected to enhance the company's international competitiveness and brand influence in the global market [4]