根据华鑫证券研报分析，公司1.6T光模块预计于2026年一季度实现大量发货，这可能会对未来业绩产生 影响。同时，800G光模块仍将是2026年的出货主力，公司通过嘉善、马来西亚和墨西哥基地的产能扩 张来支持需求增长。 经济观察网剑桥科技（603083）近期在业务、市场及战略方面均有重要动态。公司1.6T光模块预计于 2026年一季度实现大量发货，同时800G光模块仍将是2026年出货主力，公司正通过多地基地扩张产能 以支持需求增长。 机构观点 公司战略行动包括使用H股募集资金参与投资基金，以加强光器件和芯片领域的布局，该基金已于2025 年12月完成备案。另据公告，公司拟向美国子公司增资约1亿美元，用于扩张北美及东南亚光模块产 能，这可能会提升长期竞争力。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势 公司已发布2025年业绩预增公告，预计归母净利润同比增长51.19%-66.79%，但四季度业绩因汇兑损失 短期承压，导致2026年1月19日股价跌停。此外，大摩于2026年1月16日减持公司港股，虽规模较小，但 引发了市场关注。 战略推进 ...

Group 1 - The CPO concept stocks in the A-share market experienced a collective decline, with significant drops observed in several companies [1] - Notable declines include New Yisheng and Zhili Fang, both falling over 5%, while Zhongji Xuchuang, Liantech, and Woge Optoelectronics dropped over 4% [1] - Other companies such as Hengdongguang and Changxin Bochuang saw declines exceeding 3% [1] Group 2 - New Yisheng (300502) reported a decline of 5.32%, with a total market capitalization of 370 billion and a year-to-date decline of 13.62% [2] - Zhili Fang (301312) decreased by 5.09%, with a market cap of 9.316 billion and a year-to-date increase of 53.85% [2] - Zhongji Xuchuang (300308) fell by 4.99%, with a market cap of 58.66 billion and a year-to-date decline of 13.45% [2] - Liantech (301205) saw a decrease of 4.51%, with a market cap of 2.37 billion and a year-to-date increase of 8.52% [2] - Woge Optoelectronics (603773) declined by 4.46%, with a market cap of 7.937 billion and a year-to-date change of -0.14% [2] - Other companies like Weidongguang (920045) and Changxin Bochuang (300548) also reported declines of 3.91% and 3.88% respectively, with market caps of 2.75 billion and 46.3 billion [2]

Group 1 - The CPO concept stocks in the A-share market collectively declined on February 11, with significant drops observed in several key stocks [1] - Notable declines included Xinyiseng and Zhili Fang, both falling over 5%, while Zhongji Xuchuang, Liant Technology, and Woge Optoelectronics dropped over 4% [1] - Other stocks such as Hengdongguang and Changxin Bochuang experienced declines exceeding 3% [1] Group 2 - Xinyiseng (300502) saw a decrease of 5.32%, with a total market capitalization of 370 billion and a year-to-date decline of 13.62% [2] - Zhili Fang (301312) decreased by 5.09%, with a market cap of 9.316 billion and a year-to-date increase of 53.85% [2] - Zhongji Xuchuang (300308) fell by 4.99%, with a market cap of 58.66 billion and a year-to-date decline of 13.45% [2] - Liant Technology (301205) dropped by 4.51%, with a market cap of 2.37 billion and a year-to-date increase of 8.52% [2] - Woge Optoelectronics (603773) decreased by 4.46%, with a market cap of 7.937 billion and a year-to-date change of -0.14% [2] - Other notable declines included Changxin Bochuang (300548) down 3.88% with a market cap of 46.3 billion and a year-to-date increase of 11.75% [2]

9 February 2026 | 9:19AM HKT Equity Research GC Tech: CIG (603083.SS) Mgmt. visit: SiPh in expansion; CW laser supply secured for 2026; LPO, NPO progress on track We visited CIG (603083.SS, NC) management in Hong Kong on Jan 22. Management's positive tone echoes our positive view on SiPh optical modules: (1) AI servers ramp up with growing ASIC driving high-speed networking demand: As we highlighted in Jan (report link), we expect global AI servers shipment implied AI chips to increase by 49% / 31% YoY in 2 ...

： 管理层的积极态度与我们对硅光（SiPh）光模块的乐观看法相呼应： 正如我们在 1 月报告中所强调的，我们预计 2026/27E全球 AI 服务器出货量所隐含的 AI 芯片将同比增长 49%/31%，其中 ASIC 渗透率将提升至 40%/50%。 ： 正如我们在 1 月报告中所强调的，我们预计 800G 及以上光模块出货量将在 2026/27E同 管理层的积极态度与我们对硅光（SiPh）光模块的乐观看法相呼应： ： 正如我们在 1 月报告中所强调的，我们预计 2026/27E全球 AI 服务器出货量所隐含的 AI 芯片将同比增长 49%/31%，其中 ASIC 渗透率将提升至 40%/50%。 ： 正如我们在 1 月报告中所强调的，我们预计 800G 及以上光模块出货量将在 2026/27E同比增长 101%/53%，达到 5200 万 / 8000 万只，从而推动硅光（SiPh）渗透率提升。 ： 公司产品包括高速光收发器、无线与宽带接入、运营商以太网及边缘计算，助力下一代电信与数据中心网络 建设。 公司分支机构遍布美国、中国、日本、马来西亚及欧洲。 公司在光收发器领域的主要竞争对手包括 Innoligh ...

Group 1 - The optical communication sector is experiencing strong growth, with notable stock price increases for companies such as Changfei Optical Fiber (16.3% increase), Hongteng Precision (9.89% increase), and Huiju Technology (7.95% increase) [1] - Major tech companies including Meta, Amazon, Google, and Microsoft are projected to have a total capital expenditure of $660 billion this year, indicating robust investment in AI infrastructure [1] - Nvidia's CEO Jensen Huang stated that the surge in capital expenditure for AI infrastructure in the tech industry is reasonable and sustainable, with demand expected to remain strong in the coming years [1] Group 2 - CITIC Securities' report highlights that AI computing power demand will be strong by 2026, with optimistic capital expenditure forecasts for North American CSPs [2] - The optical fiber and cable industry has transitioned from recovery to a phase of simultaneous volume and price increases, with continued recommendations for the sector [2] - Industry leaders are expected to maintain their technological advantages and lead the direction of industry upgrades, with a focus on recommending domestic and international optical communication leaders [2]

Group 1 - The core viewpoint of the article highlights the performance of the Zhongzheng 1000 ETF (512100), which opened with a gain of 1.27% at 3.262 yuan on February 9 [1] - The top-performing stocks within the Zhongzheng 1000 ETF include Xiangnong Xinchuan, which rose by 2.01%, Dongxin Co., which increased by 1.29%, and Yuanjie Technology, which saw a rise of 3.89% [1] - The fund's performance benchmark is the Zhongzheng 1000 Index, managed by Southern Fund Management Co., Ltd., with a return of 21.23% since its inception on September 29, 2016, and a return of 2.36% over the past month [1]

配发结果公告显示，剑桥科技的基石投资者为霸菱、MSIP（摩根士丹利）、HCEP（红杉二 级）、Arc Avenue、奇点资产、图灵、Cithara Fund、3W Fund、Schonfeld、Infini、Alpine、 DAMSIMF、Aqua Ocean、Martis、泰康人寿、工银理财。 中国经济网北京2月6日讯 剑桥科技（06166.HK）港股今日收报68.80港元，跌幅3.843%，今日盘 中最低价68.35港元，创上市以来最低价。 剑桥科技2025年10月28日在港交所上市。配发结果公告显示，剑桥科技全球发售项下发售股份数 目67,010,500股H股（视乎超额配股权行使与否而定），香港发售股份数目6,701,050股H股，国际发售 股份数目60,309,450股H股（视乎超额配股权行使与否而定）。 剑桥科技的独家保荐人为国泰君安国际；联席整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人为国泰君安国际、中信证券；联席全球协调人、联席账簿管理人及联席牵头经办人为 DBS。 剑桥科技的最终发售价68.88港元，所得款项总额4,615.7百万港元，扣除按发售价计算之估计应付 上市开支135 ...

Group 1 - The core viewpoint of the article highlights a significant decline in stock prices for several technology companies, with Yuanjie Technology and Xinyisheng dropping over 6%, and Zhongji Xuchuang falling over 5% [1] Group 2 - Companies that experienced a decline include Siwei Fushi, Cambridge Technology, and Shengyi Technology, which also followed the downward trend [1]

中国经济网北京2月5日讯 剑桥科技（06166.HK）港股今日收报71.55港元，跌幅2.653%，今日盘 中最低价71.10港元，创上市以来最低价。 剑桥科技2025年10月28日在港交所上市。配发结果公告显示，剑桥科技全球发售项下发售股份数 目67,010,500股H股（视乎超额配股权行使与否而定），香港发售股份数目6,701,050股H股，国际发售 股份数目60,309,450股H股（视乎超额配股权行使与否而定）。 剑桥科技的独家保荐人为国泰君安国际；联席整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人为国泰君安国际、中信证券；联席全球协调人、联席账簿管理人及联席牵头经办人为 DBS。 配发结果公告显示，剑桥科技的基石投资者为霸菱、MSIP（摩根士丹利）、HCEP（红杉二 级）、Arc Avenue、奇点资产、图灵、Cithara Fund、3W Fund、Schonfeld、Infini、Alpine、 DAMSIMF、Aqua Ocean、Martis、泰康人寿、工银理财。 剑桥科技的最终发售价68.88港元，所得款项总额4,615.7百万港元，扣除按发售价计算之估计应付 上市开支135 ...