CIG (Cambridge Technology) stock surged 7.83% during intraday trading on Thursday, reflecting strong investor sentiment following the company's latest financial results.

The rally was driven by the company's first-quarter earnings report released recently, which significantly exceeded market expectations. Cambridge Technology reported Q1 revenue of RMB 1.287 billion, representing a 43.98% year-over-year increase, while net profit attributable to shareholders soared 276.44% to RMB 118 million. Non-GAAP net profit grew 285.9% year-over-year.

The company attributed the strong performance primarily to the significant expansion of its high-speed optical module business. Excluding foreign exchange losses, actual profit growth reached as high as 633%. The optical module sector overall delivered strong Q1 results, attracting sustained market attention.