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Zhongji Innolight Co., Ltd. Class H
(3308)
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Rating:81Outperform
Price Target:
HK$1,238.00
▲(19.85% Upside)
Action:N/A
Date:09/22/26
The score is driven primarily by very strong financial performance (high profitability, rapid growth, and minimal leverage), partially offset by uneven cash conversion and potential cyclicality. Technicals add support via positive momentum and price above the 20-day average, though overbought signals temper near-term upside. Valuation benefits from a high dividend yield, but the P/E provided is not usable, limiting valuation conviction.
Positive Factors
Revenue acceleration
The sharp revenue acceleration indicates materially stronger business activity and demonstrates that the company can scale quickly when conditions support demand. If sustained across the next several quarters, this growth can expand operating leverage, strengthen market position, and increase reinvestment capacity.
Negative Factors
Potential earnings cyclicality
The abrupt shift from modest growth to a very large annual increase indicates that earnings may depend on cyclical conditions or uneven order timing rather than steady compounding. If the current cycle cools, revenue growth and the associated operating leverage could normalize materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration
The sharp revenue acceleration indicates materially stronger business activity and demonstrates that the company can scale quickly when conditions support demand. If sustained across the next several quarters, this growth can expand operating leverage, strengthen market position, and increase reinvestment capacity.
Read all positive factors
Zhongji Innolight Co., Ltd. Class H (3308) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.12T
Dividend Yield0.13%
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)-1.39
Revenue Growth143.91%
EPS GrowthN/A
CountryHK
Employees11,625
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.00
Shares Outstanding62,675,000
10 Day Avg. Volume1,182,585
30 Day Avg. Volume1,610,896
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)31.92
Price to Sales (P/S)24.84
P/FCF Ratio116.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2,431.00Price Target Upside135.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)35.59
Revenue Forecast (FY)HK$126.78B
Zhongji Innolight Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Zhongji Innolight Co., Ltd. research and development, design, manufacturing, and sales of high-speed optical transceivers in China, United States, Singapore, Netherlands, United Kingdom, and Hong Kong. The company offers products, such as a compre...
Zhongji Innolight Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.52B | 38.24B | 23.86B | 10.72B | 9.64B |
| Gross Profit | 16.23B | 16.07B | 8.07B | 3.54B | 2.83B |
| EBITDA | 14.49B | 14.51B | 6.76B | 3.01B | 1.87B |
| Net Income | 11.58B | 10.80B | 5.17B | 2.17B | 1.22B |
Balance Sheet | |||||
| Total Assets | 68.94B | 45.29B | 28.87B | 20.01B | 16.56B |
| Cash, Cash Equivalents and Short-Term Investments | 8.93B | 11.00B | 5.58B | 3.73B | 3.85B |
| Total Debt | 1.03B | 886.08M | 2.06B | 397.96M | 1.08B |
| Total Liabilities | 24.88B | 13.67B | 8.57B | 5.23B | 4.49B |
| Stockholders Equity | 39.86B | 29.77B | 19.13B | 14.26B | 11.95B |
Cash Flow | |||||
| Free Cash Flow | -145.01M | 8.14B | 298.43M | 192.67M | 1.66B |
| Operating Cash Flow | -1.57B | 10.90B | 3.16B | 1.90B | 2.45B |
| Investing Cash Flow | -6.18B | -2.62B | -2.94B | -1.18B | -1.55B |
| Financing Cash Flow | 31.05M | -2.14B | 1.49B | -315.89M | -1.64B |
Zhongji Innolight Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$1.12T | ― | 33.27% | 0.13% | 143.91% | ― | |
73 Outperform | HK$269.06B | 96.97 | 30.10% | 0.89% | 38.70% | 468.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$66.26B | 105.78 | 6.98% | 0.37% | 44.84% | ― | |
45 Neutral | HK$160.40B | 44.51 | 4.35% | 2.18% | 11.81% | -55.08% |
* Technology Sector Average
HK:3308
Zhongji Innolight Co., Ltd. Class H
1,072.00
113.34
11.82%
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Yangtze Optical Fibre and Cable Joint Stock Co
175.30
125.89
254.80%
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21.66
-14.21
-39.61%
HK:6166
CIG Shanghai Co., Ltd. Class H
112.80
20.90
22.74%
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FS.COM Limited Class H
37.00
-9.49
-20.42%
HK:1879
Shanghai Xizhi Technology Co., Ltd Class H
280.00
-606.00
-68.40%
Zhongji Innolight Co., Ltd. Class H Corporate Events
Zhongji Innolight Fully Exercises Over-Allotment Option After Hong Kong IPO
Aug 26, 2026
Zhongji Innolight has announced the full exercise of its over-allotment option in connection with its recent global offering of H shares in Hong Kong. The move underscores solid investor demand for the stock and further broadens the company’...
Zhongji InnoLight Announces 2026 Interim Results and Dividend Plan
Aug 21, 2026
Zhongji InnoLight Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed on the Hong Kong Stock Exchange under stock code 3308. The group operates in the broader technology and man...
Zhongji Innolight Announces Interim Dividend and Outlines Tax Treatment
Aug 21, 2026
Zhongji Innolight Co., Ltd. has declared an interim ordinary cash dividend of RMB 12 per 10 shares for the six months ended June 30, 2026, for the financial year ending December 31, 2026. For Hong Kong holders, the payout will be settled in Hong K...
Zhongji InnoLight Sets Board Meeting to Approve Interim 2026 Results and Consider Dividend
Aug 11, 2026
Zhongji InnoLight Co., Ltd., a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong under stock code 3308, operates under a board structure that includes executive, non-executive a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.