Qingshan Paper logs 4 limit-ups in 6 sessions; Zhongji Innolight plans buyback of up to 8 billion yuan

Price ActionCorporate Action

โดย 市场行情·

Summary · why it matters

On the afternoon of September 1, the co-packaged optics sector rebounded, with multiple stocks rallying together. Qingshan Paper hit the daily limit during trading, extending a strong run of 4 limit-ups in 6 sessions, then briefly broke the limit before sealing it again. As of press time, it was up 9.97%. Optical module leaders Zhongji Innolight and Eoptolink climbed, with turnover for both exceeding 10 billion yuan each, ranking first and second among A-shares. On the news front, on the evening of August 31, Zhongji Innolight announced plans to use its own or self-raised funds to repurchase company shares through centralized bidding, with a total repurchase amount of no less than 4 billion yuan and no more than 8 billion yuan, at a price not exceeding 1,200 yuan per share. The company expects to repurchase about 3.33 million to 6.67 million shares, accounting for roughly 0.28% to 0.57% of total share capital, and the repurchased shares will be used for equity incentives or employee stock ownership plans. Guotai Haitong Securities believes that AI computing demand continues to expand, and high-speed optical modules are entering a new cycle of capacity expansion and product upgrades. The global optical module market is expected to grow from 126.7 billion yuan in 2024 to 295.4 billion yuan in 2029, a compound annual growth rate of 18.5%.