Core Viewpoint - Cambridge Technology (06166) plans to conduct a global offering of 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 to list on the Hong Kong Stock Exchange on October 28, 2025 [1] Group 1: Company Overview - The company specializes in the design, development, and sales of connectivity and data transmission devices, ranking fifth in the global Optical and Wireless Connectivity Devices (OWCD) industry with a market share of 4.1% in 2024 [1] - The company has established stable partnerships with several global leaders, maintaining these relationships for over ten years [2] Group 2: Revenue Sources - The majority of the company's revenue comes from international markets, with overseas revenue accounting for 82.9%, 89.3%, 92.6%, and 94.0% of total revenue in 2022, 2023, 2024, and the first half of 2025, respectively [2] Group 3: Capital Raising and Use of Proceeds - The cornerstone investors have agreed to subscribe for shares worth approximately USD 290 million, translating to about 32.76 million shares at the maximum offer price [3] - The estimated net proceeds from the global offering are approximately HKD 4.48 billion, which will be allocated as follows: 50% for enhancing facilities and capacity, 20% for R&D talent and technology, 5% for sales and marketing, 15% for overseas strategic investments, and 10% for general corporate purposes [4] Group 4: Financial Performance - The company reported revenues of RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion for the respective years, 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% [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% [5]