Group 1: Xiasha Precision (001306) - In the first half of 2025, Xiasha Precision's revenue increased by 30.77%, while net profit decreased by 41.87% due to price competition, rising costs, and interest changes [1] - The company's products, such as precision gears and reducers, have been applied in humanoid robots, although the order scale remains small [1] - The reducer business grew over 100%, benefiting from customer validation and subsequent volume increase [1] - Future plans include expanding the joint module product line and increasing R&D investment [1] - The core processing equipment for lead screws is progressing well, with improvements in precision and efficiency [1] - A factory has been established in Vietnam for trial production, with plans to expand into overseas markets [1] - The core components project for intelligent transmission systems is underway, with diverse funding sources [1] Group 2: Cambridge Technology (603083) - The company's main business with North American operators focuses on broadband access and wireless networks, with unclear business planning for 2027 [2] - Progress varies with multiple North American major clients, with some product validations nearing completion while others are still ongoing [2] - The production capacity for the 800G series products at Shanghai and Jiashan factories is set to increase to an annualized 2 million units, with further expansion planned for the first half of next year [2] - This year's expansion plan is progressing smoothly, with next year's capacity targets raised compared to previous expectations [2] - The current expansion relies on internal funds, while next year may involve financing through Hong Kong issuance, with sufficient material reserves to meet this year's demand [2]