Major Sell-Off Hits 'Yizhongtian' Group, Billions Exit Zhongji Innolight

Deep News06-06

This week saw a significant influx of major capital into leaders within the communications and display panel sectors. ZTE Corporation led with a net inflow of 3.103 billion yuan, closely followed by BOE Technology Group A with a net inflow of 3.082 billion yuan. YD Electronic Technology Co.,Ltd. and Fiberhome Telecommunication Technologies Co.,Ltd. each recorded net inflows exceeding 2.5 billion yuan. Companies including Accelink Technologies Co.,Ltd., Leader Harmonious Drive Systems Co.,Ltd., and Chaozhou Three-circle (Group) Co.,Ltd. also saw additional investments surpassing 1.2 billion yuan.

Opposite Market Trend

In contrast, sectors such as Co-Packaged Optics (CPO) and Printed Circuit Boards (PCB) faced intense selling pressure.

As of the market close on the 5th, the 'Yizhongtian' group—comprising Shenzhen Sunsea Communication Technology Co.,Ltd. (300502), Zhongji Innolight Co.,Ltd. (300308), and TFC Optical Communication Co.,Ltd. (300394)—experienced sharp collective declines. At the close, Shenzhen Sunsea Communication Technology Co.,Ltd. was trading at 748.00 yuan, down 3.60%, with a turnover of 34.165 billion yuan. Zhongji Innolight Co.,Ltd. closed at 1,179.99 yuan, down 7.81%, with its turnover exceeding 50 billion yuan. TFC Optical Communication Co.,Ltd. closed at 457.00 yuan, down 4.88%, with a turnover of 22.474 billion yuan.

Capital Outflow Details

The trillion-yuan CPO giant Zhongji Innolight Co.,Ltd. saw a net outflow of major funds this week reaching as high as 5.94 billion yuan. Shengyi Technology Co.,Ltd. and JCET Group Co., Ltd. experienced outflows of 5.776 billion yuan and 5.702 billion yuan, respectively. Sungrow Power Supply Co., Ltd., Montage Technology Co., Ltd., and Shenzhen Sunsea Communication Technology Co.,Ltd. each had net outflows exceeding 4.2 billion yuan. Outflows from Hygon Information Technology Co.,Ltd., Foxconn Industrial Internet Co., Ltd., and Semiconductor Manufacturing International Corporation surpassed 3.2 billion yuan.

Company Announcement

According to a company announcement released on the evening of the 4th, Zhongji Innolight Co.,Ltd. disclosed the vesting of its third-phase restricted stock incentive plan. The announcement indicated that 324,500 shares from the reserved portion of the plan, belonging to the first vesting period, will become tradable on the market on June 8th. The vesting price is only 35.16 yuan per share. Based on the closing price on June 5th, this represents a paper gain exceeding 35 times the initial cost, with a total paper profit of approximately 400 million yuan. This translates to an average paper gain of over 5.8 million yuan for each of the 69 core employees involved.

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