Zhongji Innolight stock slides nearly 4% into China’s Monday open — what traders watch next

Zhongji Innolight’s Class A shares jumped 5.7% to close at 649 yuan on Friday, pushing gains further as investors weighed the company’s updated profit forecast ahead of the next trading day. Over the past year, the stock has surged roughly 465%, according to exchange-traded data.

Zhongji Innolight Co., Ltd.’s Shenzhen-listed Class A shares dropped 5.8% by Friday’s close and are set to open Monday lower. The slide contrasts sharply with new data revealing the stock as the largest holding in China’s active equity mutual funds.

Zhongji Innolight Co., Ltd.’s Shenzhen-listed A-shares dropped 5.8% to 585 yuan on Friday, pulling back from a 6.72% rally the previous day.

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.