667 A-share Companies Draw Institutional Research; Anji Microelectronics Tops With 162 Institutions

Last week (September 7 to September 11), 667 A-share listed companies received research visits from institutional investors. In terms of market performance, more than 40% of the researched stocks recorded positive returns during the week. Liyang Chip, ST Rongke and Huaxing Yuanchuang rose more than 33%, while Huazheng New Material, Defu Technology, Cambridge Technology, Dingxin Communications, Qiangyi and nine other companies gained more than 20%. Guofang Group, Ruike Da, Bomin Electronics and 26 other companies advanced more than 10%.

Cambridge Technology received research visits from 92 institutions last week. At the 27th International Optoelectronic Expo, the company exhibited several mass-produced 800G OSFP products, 1.6T OSFP products, ELSFP external light source products, and 6.4T/7.2T NPO prototypes. On customer expansion, Cambridge Technology said it has confidentiality agreements with clients and most customers have not agreed to disclose business details. The company said cooperation with leading industry customers requires at least an annual delivery capacity of 3 million to 5 million units to even have a chance to negotiate, and customers inspect technology, material locking, production sites, quality control and production management capabilities before placing orders. Cambridge Technology also disclosed that its 1.6T products have completed testing at three customers, but declined to comment on specific shipment and mass-production timing. The 1.6T product currently faces a DSP chip supply shortage across the industry, and an effective resolution of this issue would positively affect the ramp-up of 1.6T products.

Anji Microelectronics received research visits from 162 institutions last week, the most of any company, including 27 securities firms, 67 private equity firms and 14 foreign institutions. Institutions focused on the company's electroplating solutions and additives business progress, overseas expansion and measures to address rapid growth in semiconductor demand. Anji Microelectronics said it continues to invest in technology research and development, capacity building and supply chain assurance, maintaining a diversified supply system through self-development, self-construction, cooperation and external procurement. In electroplating solutions and additives, products cover damascene copper electroplating solutions and additives for integrated circuit manufacturing, copper, nickel and tin-silver electroplating solutions and additives for advanced packaging, and through-silicon via electroplating solutions and additives. Currently, integrated circuit damascene electroplating solutions and additives have entered mass production and achieved sales, through-silicon via electroplating solutions and additives have entered mass production and achieved sales, and development and verification of advanced packaging tin-silver electroplating solutions and additives are proceeding as planned.

Anji Microelectronics regards functional wet electronic chemicals as its second growth curve, with the goal of becoming a mainstream leading supply partner in China's functional wet electronic chemicals market within the next three to five years.

Orbbec-W received research visits from 100 institutions last week. The company is a robotics vision and AI vision technology company, and institutions focused on robot technology iteration and commercialization progress, as well as sales of data collection equipment. Orbbec-W said the core criterion for robot commercialization is not whether the device itself is humanoid, but whether application scenario demand is clear, technology maturity meets standards, and safety and fault tolerance are controllable. The company believes multi-form robots include service robots, mobile robots, industrial robots and robotic arms, and embodied intelligent robots. At the same time, the robotics industry requires large technology research and development investment, and downstream application industry and scenario expansion and commercialization monetization remain at an early stage.

On the data collection business, Orbbec-W said progress is smooth. Since the release of its data collection hardware platform, it has successively reached strategic cooperation with several leading industry enterprises. Publicly disclosed partners include Lingchu Intelligence, Tashan Technology, Liqing Intelligence and Ant Lingbo, covering integrated software-hardware data collection, visual and tactile multimodal data collection, and world model data collection. Specific revenue from the company's data collection equipment has not yet reached disclosure standards.

From half-year reports, four technology stocks, Defu Technology, Cambridge Technology, Zhiwei Intelligent and Kangxi Communication, reported first-half 2026 net profit attributable to shareholders growth exceeding 100% and received research visits from more than 10 institutions in the past week. Defu Technology disclosed that its HVLP product shipments in August 2026 were at the 500-tonne level, of which HVLP4 product shipments accounted for about 70 tonnes. Currently, the company's high-end electronic circuit copper foil capacity ramp-up is relatively stable and rapid. The yield rate of HVLP1-3 series products is close to 70%, and the yield rate of HVLP4 products is above 60% and continuously improving. The company's core HVLP product customers are all leading industry enterprises, and recent shipment growth is mainly driven by some leading customers, with strong downstream procurement demand. The company has established long-term deep strategic cooperation with multiple customers.

Zhiwei Intelligent disclosed that its intelligent computing business revenue and profit in the first half of 2026 have both exceeded full-year 2025 levels. The company continues to strengthen resource investment and capability building in the intelligent computing business. It has disclosed plans to procure servers and supporting equipment from suppliers in batches, with a total amount not exceeding RMB 4 billion, and is advancing a targeted share issuance, planning to direct RMB 2.87 billion of raised funds to intelligent computing center construction and operation projects.

Kangxi Communication said its Wi-Fi 7 RF front-end modules have completed reference design certification for the world's four major Wi-Fi main chip platforms (Broadcom, Qualcomm, MediaTek and Realtek), making it one of the first RF front-end manufacturers in China to achieve full coverage. In the domestic market, the company's products have entered the supply chains of ZTE, Jixiang Tengda, Ruijie, Xiaomi and H3C, and are used in the latest generation of routers and gateway equipment. In overseas markets, they have entered the gateway equipment of European operators such as France's Free and are shipping at scale in South Asia, Southeast Asia and East Asia. After the Skyworks patent litigation and Section 337 investigation were unconditionally withdrawn, several overseas customers have restarted product introduction processes or increased cooperation.