On September 18, ZJ INNOLIGHT rose 3.13% in regular trading, trading at 1184.0 HKD/share, with turnover of HKD 389 million.

On the news front, the company spent approximately RMB 296 million on September 17 to repurchase 328,200 A-shares at prices ranging from RMB 893.37 to RMB 907.21 per share, marking the latest in a series of large-scale buybacks that have exceeded RMB 1.7 billion over recent sessions. The sustained repurchase activity continues to signal strong management confidence.

Meanwhile, Goldman Sachs, after visiting 15 Chinese optical communications companies, significantly raised its demand forecasts for 800G-and-above optical modules by 39% and 36% for calendar years ending in the next two periods, to 144 million and 171 million units respectively. Goldman Sachs assigned a Buy rating with a target price of HKD 3,267. Separately, the company reported first-half revenue of RMB 417.78 billion, up 182.49% year-over-year, with net profit attributable to shareholders of RMB 136.51 billion, up 241.70%, further validating the optical module sector's robust growth trajectory driven by AI infrastructure buildout.

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