CIG(SH:603083) Zhi Tong Cai Jing·2025-10-12 12:51Core Viewpoint - Cambridge Technology has successfully completed its listing hearing on the Hong Kong Stock Exchange, with Guotai Junan International serving as its sole sponsor. The company is ranked fifth globally in the Optical and Wireless Connectivity Devices (OWCD) industry, with a market share of 4.1% as of 2024 [1]. Company Overview - Cambridge Technology primarily engages in the design, development, and sales of connectivity and data transmission devices, generating revenue mainly from broadband, wireless, and optical module technology products. It is one of the few companies globally that offers all three types of technology products [3]. - The company has established a joint headquarters in the United States and has overseas R&D centers in the U.S. and Japan, as well as sales offices in the U.S. and Italy. Manufacturing bases are located in the U.S., Germany, and Malaysia [3]. Product Portfolio - In the optical module segment, Cambridge Technology's product range includes interconnect speeds of 100G, 400G, 800G, and 1.6T, compatible with various industry-standard packaging formats. The company is among the first to deploy 800G and 1.6T optical module products [3]. - The company is advancing Linear Pluggable Optical Devices (LPO) technology, which offers low power consumption, low latency, and high performance, making it ideal for AI models and data centers. Additionally, it is developing immersion liquid cooling optical electronic devices to enhance server efficiency and thermal management [3]. Technological Innovations - Cambridge Technology is working on Co-Packaged Optics (CPO) technology, which integrates the optical engine and network into a single slot, significantly reducing signal transmission distance and latency, making it suitable for AI training and inference [4]. Financial Performance - For the six months ending June 30, the company's revenues for 2022, 2023, 2024, and 2025 are approximately 3.784 billion, 3.085 billion, 3.649 billion, and 2.034 billion RMB, respectively. The corresponding profits for the same periods are approximately 171 million, 95 million, 167 million, and 118 million RMB [4][5]. - The gross profit margins for the years show a slight fluctuation, with margins of 18.2%, 21.5%, 20.9%, and 21.8% for the respective years [5].