从基金十大重仓股角度 截至发稿，刘疆累计任职时间6年186天，现任基金资产总规模1.25亿元，任职期间最佳基金回报 134.79%， 任职期间最差基金回报39.23%。 数据显示，长城基金旗下1只基金重仓剑桥科技。长城久祥混合A（001613）二季度持有股数3.66万股， 占基金净值比例为5.19%，位居第六大重仓股。根据测算，今日浮亏损失约21.08万元。连续3天下跌期 间浮亏损失65.99万元。 长城久祥混合A（001613）成立日期2015年11月9日，最新规模3080.5万。今年以来收益55.71%，同类 排名1026/8166；近一年收益64.04%，同类排名603/8014；成立以来收益58.61%。 10月10日，剑桥科技跌5.01%，截至发稿，报109.26元/股，成交39.34亿元，换手率12.97%，总市值 292.84亿元。剑桥科技股价已经连续3天下跌，区间累计跌幅13.55%。 长城久祥混合A（001613）基金经理为刘疆。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考 ...

Core Viewpoint - The company Zhongji Xuchuang is considering an IPO in Hong Kong, currently in discussions with investment banks regarding the details of the potential offering, including scale and timing [1] Company Overview - Zhongji Xuchuang, a professional provider of high-speed optical module solutions, integrates R&D, design, packaging, testing, and sales of high-end optical communication transceivers [1] - The company was formed from the merger of "Zhongji Equipment" and "Suzhou Xuchuang" in 2017, with its origins dating back to 1987 [2] - Since its listing on the Shenzhen Stock Exchange in 2012, the company's total market capitalization has exceeded 443 billion RMB [2] Financial Performance - In the first half of 2025, Zhongji Xuchuang reported revenue of 14.789 billion RMB, a year-on-year increase of 36.95% [1] - The net profit attributable to shareholders was 3.995 billion RMB, reflecting a year-on-year growth of 69.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.975 billion RMB, with a year-on-year increase of 70.40% [1] - The basic earnings per share were 3.64 RMB [1] Industry Positioning - The company has been enhancing its investment in optical communication and automotive intelligent systems, aiming to strengthen its investment layout across the entire optoelectronic industry chain [1] - There has been a significant increase in demand for high-end optical modules, particularly in the 800G segment, and a technological iteration towards 1.6T and above rates [1]

Core Viewpoint - The company Zhongji Xuchuang is considering an IPO in Hong Kong, currently in discussions with investment banks regarding the details of the potential listing, including scale and timing [1] Group 1: Company Overview - Zhongji Xuchuang, based in Yantai, Shandong, is a professional provider of high-speed optical module solutions, integrating R&D, design, packaging, testing, and sales [1] - The company has maintained strong revenue performance and capital operation capabilities, focusing on integrating industry resources and expanding into the automotive intelligent systems sector starting in 2023 [1] Group 2: Financial Performance - According to the 2025 semi-annual report, Zhongji Xuchuang reported revenue of 14.789 billion yuan, a year-on-year increase of 36.95% [1] - The net profit attributable to shareholders was 3.995 billion yuan, reflecting a year-on-year growth of 69.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.975 billion yuan, with a year-on-year increase of 70.40% [1] - The basic earnings per share were 3.64 yuan [1] - The report noted an increase in capital expenditures from key customers, leading to significant growth in demand for high-end optical modules, particularly in the 800G segment, and accelerated technological iterations towards 1.6T and above [1] Group 3: Company History - Zhongji Xuchuang originated from the Longkou City Zhenhua Electric Equipment Factory established in 1987, and was formed through a merger with "Suzhou Xuchuang" in 2017 [2] - Since its listing on the Shenzhen Stock Exchange in 2012, the company's total market capitalization has exceeded 443 billion yuan [2]

智通财经APP获悉，据媒体报道，总部位于山东烟台的A股上市公司、AI芯片巨头英伟达(NVDA.US)供 货商之一中际旭创(300308.SZ)考虑在香港上市，目前公司正与投行就潜在IPO事宜磋商，发行规模、时 间等细节仍未有定案。 公开资料显示，中际旭创系专业的高速光模块解决方案提供商，是集高端光通信收发模块的研发、设 计、封装、测试和销售于一体的技术创新型企业。 近年来，中际旭创保持着良好的营收表现和出色的资本运作能力，整合产业资源，2023年开始布局车载 智能系统领域，中际旭创通过不断深化在光通信、车载智能系统等领域的投入， 加强光电产业全链条 投资布局。 根据中际旭创发布的2025年半年度报告，该公司营业收入为147.89亿元，同比增长36.95%。归属于上市 公司股东的净利润为39.95亿元，同比增长69.40%。归属于上市公司股东的扣除非经常性损益的净利润 为39.75亿元，同比增长70.40%。基本每股收益为3.64元。报告期内，重点客户进一步增加资本开支加 大算力基础设施领域投资，800G等高端光模块需求显著增长，并加速了光模块向1.6T及以上速率的技 术迭代。 据悉，中际旭创的前身"中际装备" ...

Group 1 - Cambridge Technology's stock rose by 5.11% to 119.32 CNY per share, with a trading volume of 1.614 billion CNY and a turnover rate of 5.19%, resulting in a total market capitalization of 31.98 billion CNY [1] - The company, established on March 14, 2006, and listed on November 10, 2017, focuses on the research, production, and sales of ICT terminal products for home, enterprise, and industrial applications based on cooperative models, primarily JDM and ODM [1] - The revenue composition of the company includes: 55.66% from telecom broadband, 28.82% from wireless networks and small base stations, 13.46% from high-speed optical modules, 2.01% from edge computing and industrial interconnection products, and 0.06% from other sources [1] Group 2 - According to data, one fund under Galaxy Fund holds a significant position in Cambridge Technology, with the Galaxy Technology Growth Mixed Initiation A Fund (022704) holding 10,700 shares, accounting for 4.39% of the fund's net value, ranking as the eighth largest holding [2] - The Galaxy Technology Growth Mixed Initiation A Fund has achieved a return of 53.89% year-to-date, ranking 929 out of 8173 in its category, and a cumulative return of 53.87% since inception [2] Group 3 - The fund manager of Galaxy Technology Growth Mixed Initiation A Fund is Gao Peng, who has been in the position for 4 years and 131 days, with the fund's total asset size at 11.5238 million CNY [3] - During Gao Peng's tenure, the best fund return was 54.19%, while the worst return was -20.16% [3]

Core Insights - The Nanjing Investment Promotion Conference on September 23 saw the signing of 59 projects with a total planned investment of 891.87 billion yuan, reflecting strong corporate confidence in Nanjing's development potential [1][2] Group 1: Industry Projects - Among the 51 industrial projects signed, 40 are manufacturing projects with an investment of 532.21 billion yuan, accounting for 78.4% of the project count and 66.3% of the investment amount, highlighting Nanjing's solid manufacturing foundation and transformation direction [2][3] - The signed manufacturing projects include 32 projects in the "4+6" industry sectors, with a total investment of 407.94 billion yuan, representing 80% of the number of manufacturing projects and 76.7% of the investment amount [2] Group 2: Capital Investment - Eight fund projects with a total scale of 89.66 billion yuan focus on new-generation information communication, biomedicine, and intelligent manufacturing, providing essential financial support for industrial upgrades [4][5] - The funds are strategically aligned with Nanjing's key development industries, such as software and information services, industrial software, and new energy sectors like hydrogen energy and smart grid systems [4][6] Group 3: Investment Environment - Over 20 projects in the recent signing are reinvestment projects from existing enterprises, indicating strong confidence in Nanjing's investment environment [7] - The continuous investment from companies like Huada Technology and Singapore's Golden Eagle Group reflects a long-term positive outlook on Nanjing's development environment [7]

Company Overview - Cambridge Technology Co., Ltd. is located in Minhang District, Shanghai, and was established on March 14, 2006, with its listing date on November 10, 2017. The company specializes in the research, production, and sales of ICT terminal products for home, enterprise, and industrial applications based on cooperative models, primarily JDM and ODM [1]. Business Segmentation - The revenue composition of the company is as follows: - Telecommunications broadband: 55.66% - Wireless networks and small base stations: 28.82% - High-speed optical modules: 13.46% - Edge computing and industrial interconnection products: 2.01% - Others: 0.06% [1]. Market Performance - On September 24, the stock price of Cambridge Technology fell by 5.26%, reaching 108.90 CNY per share, with a trading volume of 468 million CNY and a turnover rate of 1.59%. The total market capitalization is 29.187 billion CNY [1]. Fund Holdings - According to data from the top ten holdings of funds, one fund under Great Wall Fund holds shares in Cambridge Technology. The Great Wall Jiuxiang Mixed A Fund (001613) held 36,600 shares in the second quarter, accounting for 5.19% of the fund's net value, making it the sixth-largest holding. The estimated floating loss today is approximately 221,400 CNY [2]. Fund Manager Performance - The fund manager of Great Wall Jiuxiang Mixed A Fund is Liu Jiang, who has been in the position for 6 years and 170 days. The total asset size of the fund is 125 million CNY, with the best fund return during his tenure being 134.79% and the worst being 38.8% [3].

Core Insights - The article discusses the rapid evolution of the global semiconductor industry and the rise of AI, emphasizing the need for deep integration of basic research and application to seize opportunities in the "China chip" sector [1][6] - The World Youth Scientist Forum focused on "AI and Chip Design and Manufacturing," highlighting innovative development paths for the semiconductor industry [1][3] Group 1: Industry Developments - Nitride GaN technology, developed by Nanjing Nitride Technology, significantly enhances the performance and reliability of power electronic devices, with a focus on new energy and advanced infrastructure [1][2] - Nanjing Nitride Technology ranks second in domestic enhanced GaN product shipments, with applications in fast charging for mobile phones, medical devices, and 5G base station power modules [2][6] - The Jiangbei New District Innovation Park has become a hub for semiconductor innovation, with over 400 companies in the integrated circuit design, manufacturing, and testing sectors [8][10] Group 2: Collaborative Efforts - The importance of trust and cooperation within the semiconductor supply chain was emphasized, with calls for breaking down technological barriers to foster industry growth [5][6] - The establishment of a national-level reliability testing platform for integrated circuits aims to fill gaps in high-end semiconductor testing services in China [8][10] - The "Chip Coffee" initiative serves as a platform for experts and entrepreneurs to discuss industry trends and foster collaboration, having hosted over 130 events and engaged more than 100 companies [9][10] Group 3: Future Prospects - The Jiangbei New District aims to become a leading hub for integrated circuit innovation, with a focus on developing a comprehensive ecosystem that supports chip design, manufacturing, and application integration [8][10] - Companies like Haiguang Chip and Nanjing Tenafly are making significant strides in high-speed optical modules and SSD controller chips, respectively, contributing to the domestic semiconductor landscape [6][7] - The collaboration between the National Chip Fire Platform and Zhejiang's integrated circuit innovation platform aims to address industry challenges and enhance technological cooperation [10]

Core Insights - Jiangsu is actively promoting private equity investment, hosting the "Invest Jiangsu, Win the Future" conference to attract over 100 venture capital institutions and showcase 50 financing projects [1][2] - As of June 2025, Jiangsu has 1,203 registered private fund managers managing 6,565 private equity/venture capital funds with a total net asset value of 1.67 trillion yuan [2] - Nearly 70% of the capital is directed towards small and medium-sized enterprises, with over 50% invested in high-tech companies, indicating a strong focus on early-stage and hard technology investments [2] Investment Landscape - The number of projects funded by private equity in Jiangsu exceeds 22,000, accounting for 14.77% of the national total, with significant investments in information technology, advanced manufacturing, new energy, and biomedicine [2] - The conference highlighted the establishment of a comprehensive service platform "Su Investment Service" to facilitate project discovery for venture capital institutions [3][5] Policy and Support - Jiangsu's government has introduced 17 measures to enhance the quality of private equity investment, focusing on the entire investment chain from fundraising to exit [5] - The province aims to create a favorable environment for innovation and investment, emphasizing the importance of "patient capital" to nurture unicorns and gazelle companies [6] Industry Collaboration - The partnership between venture capital firms and technology companies is exemplified by the collaboration between Yuanhe Holdings and Suzhou Xuchuang Technology, which has led to the establishment of an industrial fund [3] - The conference also introduced the first batch of 50 provincial innovation projects seeking financing, primarily in semiconductor and biomedicine sectors [4]

Core Insights - Jiangsu is actively promoting private equity investment, hosting the "Invest Jiangsu, Win the Future" conference to attract over 100 venture capital institutions nationwide [1][3] - The province has introduced 50 genuine projects with financing needs and launched a new fund management matrix to enhance investment opportunities [1][3] Group 1: Private Equity Landscape - As of June 2025, Jiangsu has 1,203 registered private fund managers managing 6,565 private equity/venture capital funds with a total net asset value of 1.67 trillion yuan [3] - Over 22,000 projects are currently invested in Jiangsu by national private funds, accounting for 14.77% of the total nationwide [3] - Approximately 69.09% of these projects are in small and medium-sized enterprises, while 50.91% are in high-tech enterprises [3] Group 2: Investment Focus - The investment landscape shows a strong focus on high-tech sectors, with 13,800 projects in information technology, advanced manufacturing, new energy, and biomedicine, totaling 311.8 billion yuan in invested capital [3] - The emphasis is on early-stage, small, and hard technology investments, bridging the gap between laboratory innovations and production lines [3] Group 3: Collaborative Initiatives - Jiangsu's industrial clusters, particularly in semiconductor, biomedicine, and new digital industries, are highlighted as key areas for investment, with 15 projects in the semiconductor sector alone [5] - The "Su Investment Service" platform has been established to facilitate project discovery for venture capital institutions, showcasing the 50 projects presented at the conference [5] Group 4: Policy and Support - The Jiangsu government has released measures to promote high-quality development in private equity investment, focusing on the entire investment chain from fundraising to exit [10][12] - A new version of the private equity and venture capital share transfer platform has been launched, enhancing functionalities for pricing, matching, and registration [13] Group 5: Future Aspirations - The aim is to position Jiangsu as a strategic hub for long-term and patient capital, fostering the growth of "unicorn" and "gazelle" companies [13] - The government seeks to create a thriving private equity investment ecosystem, making Jiangsu the most favored and efficient region for private equity investment in the country [13]