Core Viewpoint - The number of A-share companies seeking IPOs in Hong Kong has increased, with several companies announcing their listings and others submitting applications to the Hong Kong Stock Exchange [1] Group 1: Company Overview - Shanghai Cambridge Technology Co., Ltd. (referred to as "Cambridge Technology") is set to open its IPO subscription from October 20 to October 23, 2023, with an expected listing date of October 28, 2025, on the Hong Kong Stock Exchange [1] - The company plans to issue 67.01 million H-shares, with 10% allocated for Hong Kong and 90% for international placement, using Mechanism B without a reallocation mechanism [1] - The maximum offering price is set at HKD 68.88 per share, potentially raising up to HKD 4.616 billion [2] Group 2: Financial Performance - Cambridge Technology's A-share closing price as of October 20, 2023, was CNY 108.25 per share, with a market capitalization of CNY 29 billion, indicating a discount rate of approximately 41.6% for the Hong Kong offering price [2] - The company has attracted 16 cornerstone investors, including prominent firms, with a total subscription amount of USD 290 million, accounting for 48.89% of the offering [2] - The company's total revenue for 2022, 2023, 2024, and the first half of 2025 was CNY 3.784 billion, CNY 3.085 billion, CNY 3.649 billion, and CNY 2.034 billion, respectively, with net profits of CNY 171 million, CNY 95 million, CNY 167 million, and CNY 118 million [7][8] Group 3: Product and Market Position - Cambridge Technology specializes in connection and data transmission devices, with a focus on broadband, wireless, and optical module products [5][6] - The company holds over 30% of the global market share for XGS PON products in the broadband sector [5] - In the optical module segment, the company is among the first to deploy 800G and 1.6T optical module products [5] - The OWCD (Optical and Wireless Connection Devices) market is projected to grow from USD 32.4 billion in 2020 to USD 54.6 billion in 2024, with a compound annual growth rate (CAGR) of 13.9% [18] - Cambridge Technology ranks fifth in the global OWCD industry with a market share of 4.1% as of 2024 [22] Group 4: Research and Development - The company has invested over CNY 1.4 billion in research and development, with R&D expenses accounting for 7.1% to 8.9% of total revenue during the reporting periods [11][10] - As of June 30, 2025, the R&D team comprised over 50% of the total workforce, with centers established in China, the United States, and Japan [10]

Core Viewpoint - The article provides information on the upcoming IPOs of several companies in Hong Kong, including their share prices, subscription dates, and financial details. Group 1: Company Information - Dipo Technology (01384.HK) plans to globally offer 26.632 million H-shares with a price of HKD 26.66 per share, expecting to start trading on October 28, 2025 [2] - Sany Heavy Industry (06031.HK) intends to globally offer 580 million H-shares at a price range of HKD 20.30-21.30, with trading expected to commence on October 28, 2025 [6][10] - Eight Horses Tea (06980.HK) aims to globally offer 9 million H-shares priced at HKD 45-50, with trading also set to begin on October 28, 2025 [12] - Cambridge Technology (06166.HK) plans to globally offer 67.0105 million H-shares with a maximum price of HKD 68.88, expecting to start trading on October 28, 2025 [16][20] Group 2: Financial Performance - Dipo Technology reported revenues of RMB 100.47 million, RMB 129.04 million, RMB 242.93 million for 2022, 2023, and 2024 respectively, with a loss of RMB 655.23 million in 2022 [6] - Sany Heavy Industry's total revenues were RMB 80,838.53 million, RMB 74,018.94 million, and RMB 78,383.38 million for 2022, 2023, and 2024 respectively, with profits of RMB 4,432.82 million in 2022 [11] - Eight Horses Tea's revenues were RMB 1,817.54 million, RMB 2,122.31 million, and RMB 2,143.26 million for 2022, 2023, and 2024 respectively, with net profits of RMB 165.85 million in 2022 [15] - Cambridge Technology's revenues were RMB 3,783.74 million, RMB 3,085.36 million, and RMB 3,649.89 million for 2022, 2023, and 2024 respectively, with net profits of RMB 171.11 million in 2022 [21]

Core Viewpoint - Cambridge Technology (603083) plans to globally offer 67.01 million H shares from October 20 to October 23, 2025, with a maximum offer price of HKD 68.88 per share, and expects trading to commence on October 28, 2025 [1] Group 1: Company Overview - The company specializes in the design, development, and sale of connectivity and data transmission devices, ranking fifth globally in the optical and wireless connectivity device (OWCD) industry with a market share of 4.1% as of 2024 [1] - The company has established stable partnerships with several global leaders over the past decade, with a significant portion of its revenue derived from international markets, including the US, Europe, and Asia-Pacific [2] Group 2: Financial Performance - The company's revenue for the past periods was RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion, with gross profits of RMB 689 million, RMB 664 million, RMB 762 million, and RMB 445 million, reflecting gross margins of 18.2%, 21.5%, 20.9%, and 21.9% respectively [5] - Net profits for the same periods were RMB 171 million, RMB 95 million, RMB 167 million, and RMB 118 million, with net profit margins of 4.5%, 3.1%, 4.6%, and 5.8% respectively [5] Group 3: Use of Proceeds - The company estimates a net amount of approximately HKD 4.48 billion from the global offering, with plans to allocate about 50% for enhancing its facilities and capacity for current and future co-location partners [4] - Specific allocations include 12% for broadband products, 13% for wireless products, and 25% for optical module products, along with 20% for R&D talent and technology improvements [4] - Additionally, 5% will be used for business promotion and marketing, 15% for overseas strategic investments, and 10% for general corporate purposes [4] Group 4: Cornerstone Investors - The company has entered into cornerstone investment agreements with several investors, agreeing to subscribe for shares totaling USD 290 million, which translates to approximately 32.76 million shares at the maximum offer price [3]

上海劍橋科技股份有限公司 CIG SHANGHAI CO., LTD. 股份代號 : 6166 （於中華人民共和國註冊成立的股份有限公司） 獨家保薦人、保薦人兼整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 全球發售 重要提示 重要提示：閣下對本招股章程的任何內容如有任何疑問，應諮詢獨立專業意見。 CIG SHANGHAI CO., LTD. 上海劍橋科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 全球發售 全球發售的發售股份數目 : 67,010,500股H股（視乎超額配股權 行使與否而定） 香港發售股份數目 : 6,701,050股H股（可予重新分配） 國際發售股份數目 : 60,309,450股H股（可予重新分配 及視乎超額配股權行使與否而定） 最高發售價 : 每股H股68.88港元，另加1.0% 經紀佣金、0.0027%證監會交易 徵費、0.00565%香港聯交所交易費及 0.00015%會財局交易徵費（須於申請 時以港元繳足，多繳款項可予退還） 面值 : 每股H股人民幣1.00元 股份代號 : 6166 獨家保薦人 聯席整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經 ...