On August 18, ZJ INNOLIGHT rose 3.07% in regular trading, trading at HK$1,300.0/share, with turnover of HK$134 million, extending gains from the prior session's 6.15% advance.

On the news front, Hong Kong Exchange filings revealed that JPMorgan increased its stake in ZJ INNOLIGHT H-shares to 16.14% on August 12, purchasing approximately 126,600 shares at an average price of HK$1,084.92, totaling approximately HK$137 million. Goldman Sachs also holds an 11.22% long position, while Aspex-affiliated funds raised their combined stake to 7.09%.

The sustained institutional accumulation comes ahead of the company's earnings release scheduled for August 21. Market consensus expects quarterly revenue of RMB 23.225 billion, up 183.62% year-over-year, with adjusted EPS of RMB 6.51, up 261.98%. Additionally, the company announced a RMB 1.747 billion strategic acquisition of a 10.47% stake in Zhongshi Technology to build thermal management synergies for its 800G and 1.6T high-end optical modules.

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