On September 15, ZJ INNOLIGHT (03308.HK) rose 3.18% in regular trading, trading at HKD 1,098.0/share with turnover of HKD 103 million, rebounding from a 5.72% decline in the prior session.

On the news front, the company repurchased approximately 559,700 A-shares on September 14 for roughly RMB 491 million at prices between RMB 871.3 and RMB 882 per share, bringing cumulative buyback spending over the past week to more than RMB 1.7 billion. The sustained buybacks signal strong management confidence. Concurrently, the Shenzhen China International Optoelectronic Exposition delivered bullish industry signals, with leading manufacturers reporting order backlogs extending into next year, 1.6T optical modules accelerating volume ramp, and a coexistence of capacity shortages and expansion plans.

Institutional positioning further supports the stock. Morgan Stanley recently raised its H-share long position to 5.95%, while CMBI maintained a Buy rating with a target price of HKD 1,400. The company reported strong half-year results with revenue of RMB 417.78 billion, up 182.49% year-over-year, and net profit of RMB 136.51 billion, up 241.70%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)