Group 1 - Cambridge Technology (06166) has successfully listed its shares at a price of HKD 68.88 per share, issuing a total of 67.01 million shares, resulting in a net proceeds of approximately HKD 4.48 billion [1] - The stock has seen a significant increase of 36.47%, trading at HKD 94 with a transaction volume of HKD 527 million [1] - The company 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 [1] Group 2 - Cambridge Technology is one of the few companies globally that offers a combination of broadband, wireless, and optical module technology products [1] - The company has a strong international presence, with overseas market revenue accounting for 82.9%, 89.3%, 92.6%, and 94.0% of total revenue during the past reporting periods [1] - The company has established a joint headquarters in the United States, with R&D centers in the U.S. and Japan, sales offices in the U.S. and Italy, and manufacturing bases in the U.S., Germany, and Malaysia [1] Group 3 - In the optical module product segment, Cambridge Technology's product portfolio includes interconnect speeds of 100G, 400G, 800G, and 1.6T, compatible with a wide range of industry-standard packaging formats [2] - The company is among the first globally to deploy 800G and 1.6T optical module products, showcasing its innovative capabilities [2] - Ongoing research in silicon photonic modules enables the company to achieve high transmission rates at low costs, which is crucial for supporting exponential growth in computing power [2] Group 4 - Cambridge Technology is advancing linear pluggable optical device (LPO) technology, which offers low power consumption, low latency, and high performance, making it ideal for artificial intelligence models and data centers [2] - The company is also developing immersion liquid cooling optical electronic devices to enhance server efficiency and thermal management [2]

Core Viewpoint - Cambridge Technology has passed the main board listing hearing of the Hong Kong Stock Exchange, with Guotai Junan International as its sole sponsor [2] Group 1: Company Overview - As of 2024, Cambridge Technology ranks fifth in the global Optical and Wireless Connectivity Devices (OWCD) industry by sales revenue, holding a market share of 4.1% [2] - The company is primarily engaged in the design, development, and sales of connectivity and data transmission devices, covering broadband, wireless, and optical module technologies [2] Group 2: Technological Advancements - Cambridge Technology is one of the first companies globally to deploy 800G and 1.6T optical module products [2] - The company is actively involved in research and development of silicon photonic modules, Linear Pluggable Optical Devices (LPO), immersion liquid cooling optoelectronic devices, and Co-Packaged Optics (CPO) technology [2]

Core Viewpoint - Cambridge Technology is set to list on the Hong Kong Stock Exchange, with a strong global market position in the optical and wireless connectivity device industry, ranking fifth with a market share of 4.1% in 2024 [1][3]. Company Overview - Cambridge Technology specializes in the design, development, and sales of connectivity and data transmission devices, generating significant revenue from broadband, wireless, and optical module technology products [3]. - The company is one of the few globally that offers all three types of technology products, with overseas market revenue accounting for 82.9% to 94.0% of total revenue during the historical record period [3][4]. - The company has established a joint headquarters in the United States and has R&D centers in the U.S. and Japan, along with manufacturing bases in the U.S., Germany, and Malaysia [3]. Product and Technology - Cambridge Technology's optical module product range includes interconnect speeds of 100G, 400G, 800G, and 1.6T, compatible with various industry-standard packaging formats [3]. - The company is among the first to deploy 800G and 1.6T optical module products and is conducting pioneering research in silicon photonic modules to achieve high transmission rates at low costs [3]. - The company is advancing linear pluggable optical device (LPO) technology, which is characterized by low power consumption, low latency, and high performance, making it suitable for AI models and data centers [3][4]. - Cambridge Technology is also working on co-packaged optics (CPO) technology, integrating network and optical engine into a single slot, ideal for AI training and inference [4]. Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company's revenues were approximately RMB 3.78 billion, RMB 3.08 billion, RMB 3.65 billion, and RMB 2.03 billion, respectively [4][5]. - The net profits for the same periods were approximately RMB 171 million, RMB 94.97 million, RMB 167 million, and RMB 117.55 million, respectively [4][5]. - The gross profit margins for the years 2022, 2023, 2024, and 2025 were 18.2%, 21.5%, 20.9%, and 21.9%, respectively, indicating a stable profitability trend [5].

Core 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].

Core Viewpoint - Cambridge Technology is set to list on the Hong Kong Stock Exchange, with a strong global market position in the optical and wireless connectivity device industry, ranking fifth with a market share of 4.1% in 2024 [1][3]. Company Overview - Cambridge Technology primarily engages in the design, development, and sales of connectivity and data transmission devices, generating significant revenue from broadband, wireless, and optical module technology products [3]. - The company is one of the few globally that offers all three types of technology products, with overseas market revenue accounting for 82.9%, 89.3%, 92.6%, and 94.0% of total revenue during the past reporting periods [3]. Product and Technology Development - The product portfolio includes optical modules with interconnect speeds of 100G, 400G, 800G, and 1.6T, adhering to various industry standards [3]. - The company is a pioneer in deploying 800G and 1.6T optical module products and is advancing linear pluggable optical device (LPO) technology, which is ideal for AI models and data centers due to its low power consumption and high performance [3][4]. - Cambridge Technology is also working on co-packaged optics (CPO) technology, integrating network and optical engine into a single slot, which is beneficial for AI training and inference [4]. Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company's revenues were approximately RMB 3.78 billion, RMB 3.08 billion, RMB 3.65 billion, and RMB 2.03 billion, respectively [4][5]. - The corresponding profits for the same periods were approximately RMB 171 million, RMB 94.97 million, RMB 167 million, and RMB 117.55 million [4][5].