ZJ INNOLIGHT (03308) Opens Nearly 5% Higher on Plan to Cancel Almost RMB 5 Billion in Repurchased Shares, Reducing Total Capital and Potentially Boosting Earnings Per Share

Stock News10-16

ZJ INNOLIGHT (03308) opened nearly 5% higher. As of press time, the stock was up 4.85% at HK$822, with turnover of HK$26.4684 million.

On the news front, ZJ INNOLIGHT announced that its board of directors will hold a meeting on October 29 to review matters including changing the purpose of the A-shares repurchased in September 2026 and cancelling all of them. The company had previously completed the repurchase of 5.6531 million A-shares for approximately RMB 4.997 billion, accounting for 0.48% of total share capital. If all the relevant shares are cancelled, the company's total share capital will decrease accordingly, which is expected to boost earnings per share.

In addition, Morgan Stanley issued a report stating that ZJ INNOLIGHT presented 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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