On October 2, ZJ INNOLIGHT rose 3.95% in regular trading, trading at HKD 1,088.0 per share, with turnover of HKD 275 million.

On the news front, the company completed the transfer registration of a 10.47% stake in Beijing Zhongshi Weiye Technology, acquiring 31,372,504 unrestricted tradable shares at RMB 55.70 per share for a total consideration of approximately RMB 1.75 billion in cash. Zhongshi Weiye specializes in thermal interface materials and electromagnetic shielding products, and the market views this investment as a strategic extension into optical module thermal management.

Institutions noted that optical module thermal control has formed a three-layer system encompassing chip-level precision temperature control, interface thermal conductivity, and module-level heat equalization. As transmission rates iterate toward 1.6T and beyond, per-module thermal management value is systematically increasing, driving both volume and price growth across the industry. Additionally, JPMorgan recently raised its long position in ZJ INNOLIGHT H shares to 14.67%, while Morgan Stanley increased its stake to 5.18%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)