On August 20, ZJ INNOLIGHT declined 3.18% in regular trading, trading at 1067.0 HKD/share, with turnover of HKD 706 million. The decline extended the optical module sector's correction from the prior session, during which the company's A-shares had already fallen over 9%.

On the news front, Zhongshi Technology — in which ZJ INNOLIGHT recently acquired a 10.47% stake for RMB 1.747 billion — announced that their business cooperation has not yet generated revenue and remains in the product verification and introduction phase, cooling market expectations for near-term synergy realization. This dampened sentiment coincides with broader tech sector weakness and sustained profit-taking from earlier gains.

The company's interim results are scheduled for disclosure on August 21, with consensus estimates projecting quarterly revenue of RMB 23.225 billion, representing year-over-year growth of 183.62%, and adjusted EPS of RMB 6.51, up 261.98% year-over-year.

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