Movement Alert|ZJ INNOLIGHT Rises 4.3% in Regular Trading, Inclusion in Stock Connect and Full Exercise of Overallotment Boost Sentiment

Market Focus
Aug 28

On August 28, ZJ INNOLIGHT rose 4.3% in regular trading, trading at HK$1,095.0 per share, with turnover of HK$223 million.

On the news front, the company's H shares were officially added to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect eligible securities list effective August 27, enabling qualified mainland Chinese investors to directly trade the company's H shares. This move is expected to broaden the investor base and enhance trading liquidity. Additionally, the sponsor fully exercised the overallotment option on August 26, issuing 8.18 million additional H shares at HK$980 each, raising approximately HK$7.94 billion in additional net proceeds, reflecting robust institutional subscription demand.

Fundamentally, the company reported H1 revenue of RMB 41.778 billion, up 182.49% year-over-year, and net profit attributable to shareholders of RMB 13.651 billion, up 241.70%, with H1 net profit already surpassing the prior full-year figure. The 1.6T high-value optical module entered volume shipment phase, with orders extending into next year.

(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.)

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