今日导读 ·证监会公布《关于加强资本市场中小投资者保护的若干意见》，聚焦中小投资者关注的重点问题，围 绕强化发行上市过程中的中小投资者保护等八个方面，提出了二十三条具体措施。 ·成品油价年内第九次下调。记者10月27日从国家发展改革委获悉，按照现行成品油价格机制，自10月 27日24时起，国内汽、柴油价格每吨分别降低265元和255元。 ·Choice数据显示，近一个月来，机构密集调研科技成长板块，包括半导体、计算机软件、计算机硬件 等细分方向。 上证精选 ·证监会主席吴清10月27日在2025金融街论坛年会上表示，将启动实施深化创业板改革，设置更加契合 新兴领域和未来产业创新创业企业特征的上市标准，为新产业、新业态、新技术企业提供更加精准、包 容的金融服务。另外，将择机推出再融资储架发行制度，进一步拓宽并购重组支持渠道。当日，《合格 境外投资者制度优化工作方案》正式推出。 ·证监会公布《关于加强资本市场中小投资者保护的若干意见》，聚焦中小投资者关注的重点问题，围 绕强化发行上市过程中的中小投资者保护等八个方面，提出了二十三条具体措施。相关措施有利于健全 投资者保护机制，增强资本市场内在稳定性，有效保护中小投 ...

每经记者｜曾子建 每经编辑｜程鹏 文多 潘海福 10月28日，光模块龙头上海剑桥科技股份有限公司（以下简称剑桥科技，HK06166，SH603083）将在港交所正式挂牌，成为CPO（光电共封装）概念首 个"A+H股"上市公司。 72岁的创始人Gerald G Wong将携管理团队敲响上市锣声，此次发行不仅吸引了霸菱、红杉等16家全球顶级机构组成基石阵容，更因较A股股价超40%的折 价率而受到了市场关注。 图片来源：剑桥科技公告截图 16家投资机构组成豪华基石阵容 剑桥科技兼具光模块、有线宽带及无线网络设备研发能力，"深度绑定"全球主流电信运营商、通信设备制造商及数据中心运营商。作为A股光模块领域核 心玩家，其2025年内股价累计涨幅超186%，仅次于同概念的新易盛（SZ300502）和中际旭创（SZ300308）。 剑桥科技成立于2006年，主要从事设计、开发和销售连接及数据传输设备。公司主要通过销售宽带、无线、光模块技术产品获得收入。 根据弗若斯特沙利文的资料，剑桥科技在2024年全球综合光学与无线连接设备（OWCD）行业中，按销售收入计排名第五，所占市场份额为4.1%。光模 块产品方面，剑桥科技的产品组合 ...

这种跨地域、跨类型的机构认可度，在科技股IPO中并不常见。 10月28日，光模块龙头剑桥科技（603083）（HK06166，SH603083）将在港交所正式挂牌，成为CPO （光电共封装）概念首个"A+H股"上市公司。 72岁的创始人Gerald G Wong将携管理团队敲响上市锣声，此次发行不仅吸引了霸菱、红杉等16家全球 顶级机构组成基石阵容，更因较A股股价超40%的折价率而受到了市场关注。 图片来源：剑桥科技公告截图 16家投资机构组成豪华基石阵容 剑桥科技兼具光模块、有线宽带及无线网络设备研发能力，"深度绑定"全球主流电信运营商、通信设备 制造商及数据中心运营商。作为A股光模块领域核心玩家，其2025年内股价累计涨幅超186%，仅次于 同概念的新易盛（300502）（SZ300502）和中际旭创（300308）（SZ300308）。 剑桥科技成立于2006年，主要从事设计、开发和销售连接及数据传输设备。公司主要通过销售宽带、无 线、光模块技术产品获得收入。 根据弗若斯特沙利文的资料，剑桥科技在2024年全球综合光学与无线连接设备（OWCD）行业中，按 销售收入计排名第五，所占市场份额为4.1%。光模 ...

Summary of the Conference Call for 太辰光 Company Overview - 太辰光 benefits from strong demand in data center construction, leading to continuous growth in revenue from high-density connectors MPO/MTP [2][6] - The company is positioned to enter a high growth cycle starting in Q2 2024, with a projected revenue increase due to a supply-demand imbalance in the MPO connector market [2][13] Key Industry Insights - The CPO (Co-Packaged Optics) technology is expected to penetrate the market significantly, driven by the need for higher computing power and efficiency in AI applications [3][4] - The transition from copper to optical connections is becoming a trend as data communication speeds increase, with a notable shift occurring when speeds exceed 100G [14] Financial Performance and Projections - 太辰光's revenue is primarily derived from high-density connector products, which account for over 95% of total revenue [21] - The company anticipates a net profit increase from 430 million RMB in 2025 to between 1 billion and 1.2 billion RMB by 2027, driven by the release of CPU switches [26] Product Development and Market Position - The company has established strong partnerships with major players like 英伟达 and 博通, providing critical components for their next-generation CPO switches [4][20] - 太辰光 has a diversified product structure, including the development of new products like self-developed plugs and flexible boards, enhancing its competitive edge in the CPO market [4][5] Strategic Partnerships - 太辰光 has a long-standing partnership with 康宁, which accounts for 70% of its revenue, providing a competitive advantage in terms of tariff exemptions on U.S. imports [8][10][11] - 康宁's strategic collaborations with 英伟达 and 博通 further solidify 太辰光's position in the supply chain [9] Capacity Expansion Plans - The company plans to expand its production capacity by leasing domestic factories and establishing overseas facilities, with an expected overall capacity increase of over 50% this year [22][23] Market Trends and Competitive Landscape - The high-density small form-factor connector market is characterized by innovation and precision manufacturing, with 太辰光 positioned favorably due to its low insertion loss and superior performance [15][16] - The demand for MPO connectors is expected to rise significantly, particularly with the introduction of smaller and more efficient models [17] Risks and Considerations - The company faces potential risks related to market fluctuations and the pace of AI technology adoption, which could impact demand for its products [24][25] - The overall market for optical components remains competitive, necessitating continuous innovation and adaptation to maintain market share [15][16] Conclusion - 太辰光 is well-positioned for growth in the optical connector market, driven by strong partnerships, innovative product development, and a favorable market environment. The company's strategic focus on CPO technology and capacity expansion is expected to yield significant financial returns in the coming years [2][13][26]