Shanghai, Feb 2, 2026, 07:43 GMT+8 — Premarket
- On Jan. 30, Zhongji Innolight A-shares ended at 649 yuan, marking a 5.7% increase.
- The company expects 2025 net profit to hit between 9.8 billion and 11.8 billion yuan, driven by robust demand in computing infrastructure.
- Monday’s open and the March 31 annual report will be key for investors seeking audited details.
Zhongji Innolight Co., Ltd. A-shares are poised for more volatility Monday, following the optical-module maker’s upbeat profit forecast for 2025 and a weekend update to investors on demand and supply challenges.
This update matters since Zhongji is central to a bustling trade in China’s “AI infrastructure” supply chain, where investors have flocked to firms linked to data-centre expansions. Traders now have fewer questions: can shipments maintain pace, and will margins stay intact as the product cycle turns once more.
It arrives just before the week’s first full session. Since A-shares don’t trade premarket, Shenzhen’s opening prices often set the tone after weekend announcements.
Zhongji shares closed Friday at 649 yuan, rising 5.7%, after fluctuating between 605.93 and 653.58 yuan during the session, according to market data.
On Jan. 31, the company forecasted net profit attributable to shareholders for 2025 between 9.8 billion and 11.8 billion yuan, marking an increase of 89.5% to 128.2% compared to last year. It also estimated net profit excluding one-off items in the range of 9.7 billion to 11.7 billion yuan.
Zhongji attributed the surge to “strong investment” from end customers in computing infrastructure, noting that shipments climbed sharply and the product mix shifted more toward higher-speed optical modules. The filing also mentioned some headwinds: share-based incentive expenses, inventory and credit impairments, plus foreign-exchange losses tied to the weakening U.S. dollar. CNINFO
During a Saturday evening call with investors, Wang Xiaoli and Wang Jun were among those on the line, according to the call record. The company noted that “many customers’ orders” stretch through the fourth quarter of 2026, highlighting a quicker ramp-up of 1.6T products following initial shipments in the third quarter.
Those speeds pack a punch, signaling a big jump in bandwidth for AI data centres: 800G equals 800 gigabits per second, while 1.6T clocks in at 1.6 terabits per second. Zhongji added that a greater proportion of silicon-photonics products boosted their fourth-quarter gross margin. However, supply tightness in upstream materials like optical chips limited production.
Optical components peers and those tied to the “CPO” theme — shorthand for co-packaged optics, which places optics nearer to computing chips — have been moving together lately, boosting volatility across the sector. Sina Finance
But the headline profit range remains a forecast. Zhongji noted the numbers were put together by its finance team and haven’t been audited. The same call also flagged supply constraints and the industry’s typical price cuts as demand ramps up.
Investors are focused on one clear thing: the stock’s opening in Shenzhen and if buyers hold steady after the weekend’s disclosures. The next major milestone is the company’s annual results, expected on March 31, according to data providers.
