CIG ShangHai Co Ltd Class A

On August 26, CPO concept stocks fluctuated higher during the session. By midday, Cambridge Technology and Gongjin Electronics hit their daily limit up, while Robotechnik and Dongshan Precision also rose. Cambridge Technology's half-year report shows that in the first half of the year, the company achieved operating revenue of 2.705 billion yuan, up 32.92 percent year on year; net profit attributable to the parent was 328 million yuan, up 171.08 percent; and non-GAAP net profit was 319 million yuan, up 168.42 percent. Gongjin Electronics achieved total operating revenue of 4.821 billion yuan in the first half of 2026, up 16.09 percent year on year; net profit attributable to the parent was 72.63 million yuan, up 26.33 percent; and non-GAAP net profit was 68.21 million yuan, up 34.11 percent. In related news, on August 14, Nvidia announced that its Spectrum-X Ethernet Photonics platform has entered full mass production. Compared with traditional pluggable optical module solutions, it can reduce the number of lasers by about four times, cut power consumption by about five times, and improve mean time between failures by about ten times. A research report from Soochow Securities shows that Nvidia's CPO switch has officially landed, and the industrialization of CPO is expected to accelerate.

On the evening of August 24, several listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements. Far East Smarter Energy's subsidiary Far East Electric plans to acquire an 80% stake in Huizhou Fudewangwang Industrial Development for 216 million yuan, after which Fudewangwang will be consolidated into its financial statements. Eoptolink Technology disclosed its half-year report, with operating revenue of 20.91 billion yuan in the first half of 2026, up 100.34% year on year, and net profit attributable to shareholders of the listed company of 7.529 billion yuan, up 90.98% year on year. CIG Shanghai's first-half net profit was 328 million yuan, up 171.08% year on year, and it plans to pay a dividend of 0.9 yuan per 10 shares. Chengxin Lithium Group's first-half net profit was 1.012 billion yuan, turning from a loss of 841 million yuan in the same period last year. Silan Microelectronics' first-half net profit was 516 million yuan, up 94.84% year on year. Zhangyuan Tungsten's first-half net profit was 688 million yuan, up 497.38% year on year. Gotion High-tech's first-half net profit was 1.386 billion yuan, up 278.05% year on year. Western Gold's first-half net profit was 547 million yuan, up 315.67% year on year, and it plans to pay a dividend of 0.5 yuan per 10 shares. At its results briefing, DSBJ stated that its 1.6T optical module products have already been supplied to customers.

On the evening of August 24, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Dongshan Precision stated during its results briefing that its 1.6T optical module products have been supplied to customers, but due to commercial confidentiality, specific order information cannot be disclosed. Far East Smarter Energy's subsidiary plans to acquire 80% equity of Fudewangwang for 216 million yuan; Topstar Technology plans to acquire 49% equity of Lailer Optoelectronics for 147 million yuan; the merger and restructuring plan between Orient Securities and Shanghai Securities was approved by an overwhelming majority at the shareholders' meeting. In terms of performance, Eoptolink Technology's net profit in the first half of the year was 7.529 billion yuan, up 90.98% year-on-year; CIG Shanghai's net profit grew 171.08% year-on-year; Chengxin Lithium Group turned losses into profits year-on-year; Sinomine Resource Group's net profit surged 1146.81% year-on-year; Luxshare Precision's net profit rose 18.04% year-on-year. In addition, Genew Technologies' actual controller plans to increase holdings of company shares by 15 million to 30 million yuan, Selon Industrial plans to repurchase shares worth 30 million to 60 million yuan, Donghong Pipe Industry pre-won a steel pipe procurement project worth 144 million yuan, Longjian Road & Bridge jointly won a 333 million yuan engineering project, and Gangdi Technology's wholly-owned subsidiary signed a smart control system procurement contract worth approximately 230 million yuan with Huadong Heavy Machinery.

On August 14, the communication equipment concept rose 3.09% intraday. Allied gained 20.00%, Changyingtong rose 13.38%, Gongjin Electronics rose 10.03%, Datang Telecom rose 9.96%, and Cambridge Technology rose 8.94%. On the news front, according to Xinwen Lianbo, since the beginning of this year China has accelerated the construction of a new generation of communication networks and continued to improve the integrated air-space-ground-sea information and communication layout. A research report from Western Securities pointed out that in 2026, the communication equipment industry is showing a structural expansion trend under the resonance of multiple factors, including the deepening of 5G-A and 6G deployment, a 7% increase in defense budgets, accelerated development of commercial aerospace, and AI-driven data center capacity expansion. A research report from Everbright Securities pointed out that capital expenditure of leading optical module manufacturers in the first quarter of 2026 surged 300% year-on-year, significantly boosting demand for upstream optical communication equipment, high-speed connectors, and precision structural components.

Lenovo Group disclosed its first fiscal quarter results, with revenue reaching a record high, its server business surging, and AI becoming the core growth engine. Revenue for the quarter was 183.4 billion yuan, up 43 percent year on year. Adjusted net profit exceeded the 1 billion US dollar mark for the first time, equivalent to more than 7.3 billion yuan, up 176 percent year on year. Adjusted net profit margin nearly doubled year on year to 4.0 percent. The Infrastructure Solutions Group saw revenue rise 98 percent year on year to 57.9 billion yuan, with an operating margin of 9.1 percent. The Intelligent Devices Group posted revenue of 116.4 billion yuan, and its PC market share gap widened for the tenth consecutive quarter. The Solutions and Services Group revenue grew 28 percent year on year to 19.6 billion yuan, with an operating margin above 24 percent. AI-related business revenue accelerated to 63.4 billion yuan, up 60 percent year on year. Boosted by this, computing power hardware stocks continued to climb in the afternoon session. Cambridge Technology, Olympic Circuit Technology, and Chunqiu Electronics hit their daily limit up. US AI server suppliers rose in overnight trading, with Dell Technologies up more than 4 percent.

Cambridge Technology announced that on July 24, 2026, it entered into a partnership agreement with Shanghai Zhifengzhizi Private Equity Fund Management Co., Ltd. to jointly establish Jiaxing Hujiang Optoelectronic Industry Fund Partnership. The total committed capital of the fund is 800 million yuan, of which the company, as a limited partner, contributes 800 million yuan, and the general partner, Shanghai Zhifengzhizi, contributes 10,000 yuan. Upon completion of the transaction, the partnership will be accounted for as a subsidiary of the company, and its financial results will be consolidated into the company's financial statements. The partnership's business scope includes equity investment, investment management, and asset management, primarily investing in unlisted equity of companies in emerging industries such as integrated circuits and artificial intelligence within advanced manufacturing and information technology, with a focus on optical devices, chips, and core IC companies.

Cambridge Technology issued an announcement, expecting to achieve a net profit attributable to the parent of 310 million to 359 million yuan in the first half, representing a year-on-year increase of 156.65% to 197.18%. Net profit attributable to the parent after deducting non-recurring items is expected to be 302 million to 351 million yuan, up 153.72% to 194.97% year-on-year. The profit growth is mainly due to strong market demand for high-speed optical module business driving an increase in orders, with shipment amounts rising year-on-year, while product mix shifts boosted gross profit margins.