【私募调研记录】源乐晟资产调研剑桥科技

Group 1 - The core viewpoint of the news is that a well-known private equity firm, Yuanlesheng Asset Management, has conducted research on a listed company, Cambridge Technology, focusing on its business operations and future plans in North America [1] - Cambridge Technology's main business with North American operators is concentrated in broadband access and wireless networks, with unclear business plans for 2027 [1] - The company is making progress with several major North American clients, with some product verifications nearing completion while others are still ongoing [1] Group 2 - Cambridge Technology plans to increase the production capacity of its 800G series products to an annualized 2 million units, with further expansion expected in the first half of next year [1] - The expansion plan for this year is proceeding smoothly, and the production capacity target for next year has been raised compared to previous expectations [1] - The company is currently relying on its own funds for expansion, but may consider financing through issuance in Hong Kong next year, with sufficient material reserves to meet this year's demand [1]