Zhongji Innolight Co.: Q3 revenue and net profit more than doubled year-over-year, led by 800G optical module sales

Revenue rose 36.95% and net profit surged 69.40% year-over-year, driven by strong demand for high-end optical modules in AI and cloud infrastructure. Gross margin and cash flow improved, with major capacity expansions and new incentive plans supporting future growth.

Original document: Zhongji Innolight Co., Ltd. Class A [300308] Interim report — Aug. 27 2025

Zhongji Innolight has an average rating of buy and mean price target of 155.23 yuan, according to analysts polled by FactSet.

China and the U.S. rolling back tariffs should inject positive sentiment into Hong Kong and Chinese equities, Citi Research analysts say. While the reductions will last for 90 days, bilateral discussions will continue, Pierre Lau and others write in a note. Citi flags communications infrastructure, tech hardware, solar equipment, and semiconductors as the sectors that are most sensitive to tariffs. Among the firms with the largest profit mix generated from the U.S. are: Innolight, Eoptolink, TFC Optical, Tongfu, JCET, Jinko and JA Solar. Citi prefer H- to A-shares on a 12-month basis, assuming more rate cuts in the U.S.--benefitting HKD-- than in China. It is overweight on internet, tech and consumer sectors, with top picks including Tencent, Huaneng Power, Trip.com, BYD, AIA, Atour and Anta.(fabiana.negrinochoa@wsj.com)

China and the U.S. rolling back tariffs should inject positive sentiment into Hong Kong and Chinese equities, Citi Research analysts say. While the reductions will last for 90 days, bilateral discussions will continue, Pierre Lau and others write in a note. Citi flags communications infrastructure, tech hardware, solar equipment, and semiconductors as the sectors that are most sensitive to tariffs. Among the firms with the largest profit mix generated from the U.S. are: Innolight, Eoptolink, TFC Optical, Tongfu, JCET, Jinko and JA Solar. Citi prefer H- to A-shares on a 12-month basis, assuming more rate cuts in the U.S.--benefitting HKD-- than in China. It is overweight on internet, tech and consumer sectors, with top picks including Tencent, Huaneng Power, Trip.com, BYD, AIA, Atour and Anta.(fabiana.negrinochoa@wsj.com)

Zhongji Innolight has an average rating of buy and mean price target of 129.53 yuan, according to analysts polled by FactSet.

Revenue and net profit more than doubled year-over-year, driven by strong global demand for high-end optical modules and robust overseas sales. The company maintained its global leadership, expanded R&D, and proposed a significant cash dividend.

Original document: Zhongji Innolight Co., Ltd. Class A [300308] Annual Financial Statement — Apr. 21 2025