ZJ INNOLIGHT Shares Tumble Over 8% Intraday; Q3 Net Profit Up 8.46% QoQ but Earnings Growth Lags Revenue

Stock News11:06

ZJ INNOLIGHT (03308) shares fell as much as 8% intraday, last down 3.11% at HK$684.5, with turnover of HK$1.045 billion.

On the news front, on October 29, ZJ INNOLIGHT disclosed its third-quarter results. For the first three quarters of 2026, the company reported revenue of RMB 69.547 billion, up 178.13% year-on-year; net profit attributable to shareholders of RMB 22.238 billion, up 211.81% year-on-year; and non-GAAP net profit of RMB 22.11 billion, up 212.12% year-on-year.

Notably, on a single-quarter basis, ZJ INNOLIGHT's third-quarter revenue was RMB 27.769 billion, up 171.83% year-on-year; net profit attributable to shareholders was RMB 8.587 billion, up 173.74% year-on-year; and non-GAAP net profit was RMB 9.018 billion, up 190.13% year-on-year.

Measured on a quarter-on-quarter basis, third-quarter revenue rose 24.62% sequentially, while net profit attributable to shareholders grew 8.46% sequentially.

ZJ INNOLIGHT stated that the lag in profit growth relative to revenue was mainly due to the drag from two non-operating factors: foreign exchange losses arising from its Hong Kong listing and changes in the fair value of equity investments.

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