ZJ Innolight Rises Over 5% Intraday, Plans to Cancel Nearly 5 Billion Yuan in Repurchased Shares

Deep News10-16

ZJ Innolight (03308) rose more than 5% during intraday trading.

As of press time, the stock was up 3.95%, trading at HK$815, with a turnover of HK$323 million.

ZJ Innolight announced that its board of directors will hold a meeting on October 29 to review matters including changing the purpose of A-shares repurchased in September 2026 and canceling all of them.

The company had previously completed the repurchase of 5.6531 million A-shares at a cost of approximately 4.997 billion yuan, accounting for 0.48% of total share capital.

If all relevant shares are canceled, the company's total share capital will decrease accordingly, which is expected to boost earnings per share.

In addition, Morgan Stanley published a report stating that ZJ Innolight showcased its open optical interconnect solution vision and roadmap at the 2026 OCP Global Summit.

The bank believes that the company's leading R&D progress in areas such as CPX, XPO, and SDM4 MCF will help it capture market share in next-generation AI optical solutions.

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