ECM

Zhongji Innolight (中际旭创) A+H Pre-IPO: Early Thoughts

20 Jul 2026 By Ke Yan, CFA
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Abstract: Zhongji Innolight, a global optical interconnect player, passed hearing for an A+H listing. GS, CICC, MS, and GF are the joint sponsors. We look at the company's core segments: high-speed and mid-to-low-speed optical transceivers. We discussed our preliminary thoughts on the company's valuation based on A-H premium.

ZTE (000063 CH) HUAGONG TECH (000988 CH) ACCELINK TECHNOLOGIES (002281 CH) Luxshare Precision (002475 CH) MEIG SMART TECHNOLOGY (002881 CH) LUXSHARE ICT (2475 HK) ZHONGJI INNOLIGHT (300308 CH) SUZHOU TFC OPTICAL COMMUNICATION (300394 CH) EOPTOLINK TECHNOLOGY (300502 CH) MEIG (3268 HK) YOFC (601869 CH) CIG SHANGHAI (603083 CH) CIG (6166 HK) YOFC (6869 HK) ZTE (763 HK) Applied Optoelectronics (AAOI US) Coherent (COHR US) Lumentum Holdings Inc. Common Stock (LITE US)

Highlighted Stocks

ZTE, HUAGONG TECH, ACCELINK TECHNOLOGIES, Luxshare Precision, MEIG SMART TECHNOLOGY, LUXSHARE ICT, ZHONGJI INNOLIGHT, SUZHOU TFC OPTICAL COMMUNICATION, EOPTOLINK TECHNOLOGY, MEIG, YOFC, CIG SHANGHAI, CIG, YOFC, ZTE, Applied Optoelectronics, Coherent, Lumentum Holdings Inc. Common Stock

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