Shanghai, Jan 18, 2026, 07:16 CST — Market closed.
- A company filing revealed the controlling shareholder wrapped up a planned share sale after Friday’s close
- Shares closed 1.3% lower, with mainland markets closed for the weekend
- Investors await the Jan. 28 shareholder vote on the proposed Hong Kong H-share listing
Zhongji Innolight Co., Ltd reported that its controlling shareholder has wrapped up a planned share sale, according to a filing published after Friday’s close.
The update arrives as mainland markets remain closed for the weekend, leaving investors to speculate if the ended selling plan will cool pressure on the stock once trading restarts.
This matters because heavy selling by major holders often sets a ceiling in China’s A-share market, where “A shares” are yuan-denominated stocks traded on mainland exchanges. Even when such sales are signaled in advance, traders tend to see them as a short-term drag.
Zhongji is another AI-related stock, connected to rising demand for faster data links within data centres. When it comes to this type of tape, session-to-session flows can weigh just as heavily as the fundamentals.
The company reported that its controlling shareholder, Shandong Zhongji Investment Holding Co., offloaded 5.5 million shares through block trades — large, negotiated deals — between Nov. 20 and Jan. 15, averaging 521.73 yuan per share. This cut their stake from 11.42% down to 10.93%. The filing added that both the shareholder and its concert parties have agreed not to reduce their holdings for the next 12 months. It also clarified the seller works in concert with the actual controller, Wang Weixiu, and confirmed the sale won’t affect control. (CFi)
Zhongji’s A shares ended the day at 617 yuan, slipping 1.3% from yesterday’s 625.02. Throughout the session, the price fluctuated between 615.02 and 645 yuan. The stock now sits roughly 6% under its 52-week peak of 658.8 yuan. According to Investing, the company’s next earnings report is due March 31.
Huatai Securities analyst Huang Leping and his team highlighted in a Jan. 15 note that the AI data-centre expansion is set to dominate 2026. They labeled it an “AI Infra” super-cycle, indicating an extended period of significant investment in chips, networking, and power equipment. (Sina Finance)
For Zhongji, the macro story usually hinges on one key factor: will cloud and AI clients continue to buy high-speed optical transceivers—those devices that convert electrical signals into light, enabling data to race through fiber?
The calendar is packed. Zhongji has scheduled a shareholder meeting on Jan. 28 to push for approval of a proposed issuance of overseas-listed shares, or H shares, along with a main-board listing on the Hong Kong Stock Exchange, according to a company notice. (CNInfo)
Ending one selling program doesn’t erase the clear risks. AI supply-chain trades remain vulnerable to sudden reversals whenever spending forecasts shift. A new flare-up in trade tensions or a drop in data-centre capex could swiftly sour sentiment.
When markets open Monday, all eyes will be on whether the stock holds firm without the overhang of the share-sale programme. After that, focus shifts to the Jan. 28 vote on the Hong Kong plan and the March 31 earnings report deadline.
