On August 14, ZJ INNOLIGHT (03308.HK) rose 3.33% in regular trading, trading at HKD 1,178.0/share, with turnover of HKD 288 million.

On the news front, multiple catalysts converge ahead of the company's mid-term earnings release scheduled for August 21. Market consensus expects quarterly revenue of RMB 232.25 billion, up 183.62% YoY, with adjusted EPS of RMB 6.51, up 261.98% YoY, and EBIT of RMB 94.21 billion, up 275.26% YoY, driven by high-end optical module volume ramp. Institutional views remain broadly optimistic.

Additionally, the company announced on August 13 a plan to acquire a 10.47% stake in Zhongshi Technology for RMB 1.747 billion at RMB 55.70/share, aiming to build synergy in thermal management solutions as 800G and 1.6T optical modules scale up. UBS also resumed coverage with a Buy rating and a target price of RMB 1,500, while JP Morgan recently raised its stake to 15.6%.

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