On August 27, ZJ INNOLIGHT rose 4.53% in regular trading, trading at HK$1,061.0/share, with turnover of HK$135 million.

On the news front, two catalysts converged to drive the stock higher. First, the Shenzhen Stock Exchange announced that ZJ INNOLIGHT has been included in the Southbound Stock Connect eligible securities list, effective immediately, opening access for mainland investors. Second, the company disclosed that the overallotment option for its Hong Kong IPO was fully exercised on August 26, involving the issuance of 8.175 million additional H shares at HK$980 each, representing 15% of the initial global offering shares. The exercise is expected to raise approximately HK$7.9 billion in additional net proceeds, with dealings in the over-allotment shares commencing August 31.

The full exercise of the overallotment option signals strong institutional demand, while Stock Connect inclusion is expected to broaden the investor base significantly. The company recently reported H1 revenue of RMB 41.78 billion, up 182.49% year-over-year, with attributable net profit of RMB 13.65 billion, up 241.70%.

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