Cambridge Technology's stock declined 5.07% during intraday trading, with the stock facing significant selling pressure from institutional investors.

The decline was driven by consecutive large block sell orders during the session, including two major transactions totaling approximately HKD 21.97 million. Additionally, the company's recent addition to Hong Kong's short-selling eligible list and a May placement of 15.6 million new H-shares at an 8.88% discount continue to weigh on market sentiment as investors digest the dilution effect.

Despite the short-term pressure, Cambridge Technology reported strong Q1 results with revenue increasing 43.98% year-over-year to RMB 1.287 billion and net profit surging 276.44% to RMB 118 million, supported by volume shipments of 800G silicon photonic modules and entry of 1.6T products into mass production.