FINWIRES · TerminalLIVE
FINWIRES

SHE:300308

24 stories mentioning SHE:300308Updated 3d ago

Every FINWIRES story that references SHE:300308, newest first.

What are analysts saying about SHE:300308?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on SHE:300308?

Asia

Asian AI Stocks Plunge on CEOs' Calls for Slowdown in Development

Asian artificial intelligence-linked stocks fell Monday after AI leaders called for a slower and safer pace of development and additions of guardrails.Japan's Softbank (TYO:9984), an investor of OpenAI, slumped 11% during the close of trade on Monday. Chipmaker Kioxia (TYO:285A) slid 6%, while Tokyo Electron (TYO:8035) fell 1%.Taiwan Semiconductor Manufacturing Corp. (TPE:2330) closed 1% lower.South Korean chipmaking giant SK Hynix (KRX:000660) tumbled 6% and Samsung (KRX:005930) slid 4%.In China, Zhongji Innolight's Hong Kong shares (HKG:3008) plunged 9%, while its Shenzhen (SHE:300308) shares declined 5%. Changxin Memory Technologies (SHA:688825) also slid 4%. Semiconductor Manufacturing International Corp.'s (HKG:0981, SHA:688981) Hong Kong and Shanghai shares fell 3%.Z.ai or Knowledge Atlas Technology (HKG:2513) fell 9%, while Minimax (HKG:0100) slid 7%.The plunge comes after Anthropic co-founder Dario Amodei called on AI companies to slow the pace of development, according to a blog post released on X on Saturday. SpaceXAI's Elon Musk and OpenAI CEO Sam Altman agreed with Amodei.Altman also said his company will not proceed with IPO plans due to safety concerns.

HKG:0100HKG:0981HKG:2513HKG:3008KRX:000660KRX:005930SHA:688825SHA:688825HKG:0981SHA:688981SHE:300308TPE:2330TYO:285ATYO:8035TYO:9984
Research

Citi Starts Zhongji Innolight at Buy with HK$1,524 Price Target

Zhongji Innolight (HKG:3308, SHE:300308) has an average rating of buy and mean price target of HK$1,808.38, according to analysts polled by FactSet.

HKG:3308SHE:300308
Research

Goldman Sachs Starts Zhongji Innolight at Buy with HK$3,267 Price Target

Zhongji Innolight (HKG:3308, SHE:300308) has an average rating of buy and mean price target of HK$1,808.38, according to analysts polled by FactSet.

HKG:3308SHE:300308
Asia

Zhongji Innolight to Buy Back Up to 800 Million Yuan of Shares

Zhongji Innolight (SHE:300308, HKG:3308) is looking to repurchase between 400 million yuan and 800 million yuan of shares, according to a Tuesday filing with the Shenzhen Stock Exchange.The high-speed optical transceiver maker could buy back between 3.3 million and about 6.7 million shares at 1,200 yuan apiece.

HKG:3308SHE:300308
Asia

Zhongji Innolight's H Shares Join Stock Connect Program; Hong Kong Shares Rise 3%

Zhongji Innolight's (SHE:300308, HKG:3308) Hong Kong shares were included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective Thursday, according to an after-hours disclosure the same day with the Shenzhen bourse.Following the inclusion of its H shares in the Stock Connect program, eligible mainland Chinese investors could invest in the optical interconnect service company's Hong Kong shares.Innolight's Hong Kong shares rose 3% while its Shenzhen shares jumped 2% during morning trading on Friday.

HKG:3308SHE:300308
Asia

Zhongji InnoLight Nets HK$7.9 Billion From Full Exercise of Hong Kong IPO Overallotment

Zhongji Innolight (HKG:3308, SHE:300308) said the over-allotment option for its Hong Kong initial public offering was fully exercised on Wednesday, according to a same-day filing with the Hong Kong bourse.The company expects to raise about HK$7.9 billion in additional net proceeds.The exercise involved the issue of 8.2 million additional H shares at HK$980 each, representing 15% of the total offer shares initially available under the global offering.Dealings in the over-allotment shares are expected to begin on Aug. 31, the filing said.

HKG:3308SHE:300308
Asia

Zhongji Innolight's Attributable Profit, Revenue Surge in H1

Zhongji Innolight (HKG:3308, SHE:300308) reported 13.7 billion yuan in profit attributable to owners for the first half, compared with 4 billion yuan a year ago, a Friday bourse filing showed.EPS moved to 12.19 yuan from 3.60 yuan year over year.For the six months ended June 30, revenue was 41.8 billion yuan, versus 14.8 billion yuan previously, the optical interconnect service provider said.The company declared an interim dividend of 12 yuan per 10 shares. Dividends to holders of Hong Kong-listed shares of record as of Sept. 10 will be payable on Oct. 9.

HKG:3308SHE:300308
Asia

Zhongji Innolight Proposes to Acquire 11% of Power Filter Maker for 1.75 Billion Yuan

Zhongji Innolight (SHE:300308) proposed to acquire 10.5% of Beijing Zhongshi Weiye Technology for a consideration of 1.75 billion yuan, according to a Friday disclosure on the Shenzhen bourse.Zhongshi Weiye develops and produces thermal-conductive materials, EMI shielding materials, and power filters.The stake represents 31,372,504 shares, which were priced at 55.70 yuan per share. The equities will be bought from three investors.The Chinese optical interconnect equipment maker's shares rose 2% during the morning trade.

SHE:300308
Asia

Zhongji Innolight Subsidiary Invests in Venture Capital Fund; Shares Rise 3%

Zhongji Innolight (SHE:300308) subsidiary Chengdu Zhihe Optoelectronic Technology will invest about 27.5 million yuan to become a 90% limited partner in a venture capital fund, according to a Wednesday filing with the Shenzhen bourse.The Suzhou Qianrong Shenrun Venture Capital Partnership fund has a total size of 30.5 million yuan with a nine-year term.Jiangsu Qianrong Science and Technology Innovation Industrial Park Management will invest 2.1 million yuan for a 6.72% stake, while Jiangsu Qianrong Capital Management will invest 1 million yuan for a 3.28% stake.Shares rose 3% during morning trading on Wednesday.

SHE:300308
Asia

Nomura Adjusts Zhongji Innolight's Price Target to 1,375 Yuan From 1,325 Yuan, Keeps at Buy

Zhongji Innolight (SHE:300308) has an average rating of buy and mean price target of 1,514.32 yuan, according to analysts polled by FactSet.

SHE:300308
Asia

Zhongji Innolight Slips 1% in Hong Kong Trading Debut

Zhongji Innolight's (HKG:3308, SHE:300308) shares opened 1% below the offer price in a muted Hong Kong debut on Thursday morning.The optical interconnect service provider opened at HK$971 per share, compared with the offer price of HK$980.Innolight raised about HK$53 billion in net proceeds from its Hong Kong initial public offering.The deal marks Hong Kong's largest share sale since Alibaba's 2019 listing and Asia's second-largest IPO this year, trailing CXMT's $8.6 billion listing in Shanghai.

HKG:3308SHE:300308
Asia

Innolight Nets HK$53 Billion in Hong Kong IPO

Zhongji Innolight (HKG:3308, SHE:300308) is set to raise roughly HK$52.9 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The optical interconnect service provider priced 54.5 million H-shares at HK$980 apiece, lower than its guidance of as high as HK$1,010 each, according to a Wednesday disclosure.The Hong Kong public offering was 16.84 times subscribed, with 5.45 million shares allocated, while the international offering was 9.73 times subscribed, with 49.05 million shares allocated.Cornerstone investors, including Tencent (HKG:0700) and Alibaba (HKG:9988), were allotted 27.2 million shares, representing 50% of the IPO shares.Innolight is set to debut on the Hong Kong bourse Thursday, July 30.

HKG:3308SHE:300308
Asia

Correction: Zhongji Innolight's Chairman Proposes Share Buyback of Up to 8 Billion Yuan

(Corrects share buyback size in headline)Zhongji Innolight's (HKG:3308, SHE:300308) chairman and president, Liu Sheng, proposed to repurchase shares worth between 4 billion yuan and 8 billion yuan, according to a Shenzhen bourse filing on Wednesday.The shares will be bought back within 12 months after the board of directors' approval.The repurchased shares will be used for the company's equity incentive plans or employee stock ownership plans.The optical interconnect service provider's Shenzhen shares rose 2%.

HKG:3308SHE:300308
Asia

Zhongji Innolight's Chairman Proposes Share Buyback of Up to 8 Million Yuan

Zhongji Innolight's (HKG:3308, SHE:300308) chairman and president, Liu Sheng, proposed to repurchase shares worth between 4 billion yuan and 8 billion yuan, according to a Shenzhen bourse filing on Wednesday.The shares will be bought back within 12 months after the board of directors' approval.The repurchased shares will be used for the company's equity incentive plans or employee stock ownership plans.The optical interconnect service provider's Shenzhen shares rose 2%.

HKG:3308SHE:300308
Asia

Zhongji Innolight Prices Hong Kong IPO Below Maximum Target

Zhongji Innolight (HKG:3308, SHE:300308) priced its Hong Kong initial public offering at HK$980.00 per H-share, below the targeted maximum price of HK$1,010, according to a Tuesday Hong Kong bourse filing.The optical interconnect service provider expects to announce the results of the Hong Kong public offering and the international offering on July 29.Trading in the H-shares is expected to begin on the Hong Kong Stock Exchange on July 30, subject to the global offering becoming unconditional.The shares will trade in board lots of 50 H-shares.

HKG:3308SHE:300308
Asia

Market Chatter: Zhongji Innolight Set to Price Hong Kong Offering

Zhongji Innolight (SHE:300308) is set to price its share offering in Hong Kong of about 54.5 million shares at around HK$980 apiece, Bloomberg reported Monday, citing people familiar with the matter.The share listing, the biggest in the city since Alibaba's (HKG:9988) 2019 listing, would be priced below the HK$1,010 maximum price Innolight has been marketing the shares for, Bloomberg said.Should the overallotment option be triggered, the offering could grow to about $7.8 billion, the report said.Innolight did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHE:300308
Research

Bocom International Starts Zhongji Innolight at Buy with 1,600 Yuan Price Target

Zhongji Innolight (SHE:300308) has an average rating of buy and mean price target of 1,367.15 yuan, according to analysts polled by FactSet.

SHE:300308
Asia

Hong Kong Stocks Close Lower; Topsports, Pou Sheng Slide on Nike Move

Hong Kong stocks ended lower Wednesday as investors awaited earnings from major U.S. technology companies, while renewed trade concerns weighed on sentiment.The Hang Seng Index fell 239.63 points, or 1%, to close at 24,892.66, while the Hang Seng China Enterprises Index lost 109.61 points, or 1.3%, to finish at 8,251.07.Investors looked ahead to quarterly results from Alphabet and Tesla, with the reports expected to test whether AI-driven valuations can withstand heightened scrutiny after recent volatility in global technology stocks.Markets also monitored U.S. trade policy after President Donald Trump said imported generic drugs would remain tariff-free for two years from Aug. 1 before facing a 100% tariff for one year and a 200% tariff thereafter.In corporate news, Topsports International (HKG:6110) fell over 24%, and Pou Sheng International (HKG:3813) lost nearly 9% after reports that Nike will stop selling its products online through key Chinese retailers from January, shifting instead to its branded storefronts.Meanwhile, Zhongji Innolight (HKG:3308, SHE:300308) is seeking to raise up to HK$55.1 billion in Hong Kong's largest share sale since Alibaba's 2019 listing.

Hang SengHKG:3308HKG:3813HKG:6110SHE:300308
Asia

Innolight Launches HK$55 Billion Hong Kong IPO; Lures Tencent, Alibaba as Cornerstone Investors

Zhongji Innolight (HKG:3308, SHE:300308) launched its Hong Kong initial public offering on Wednesday, seeking to raise up to HK$55.1 billion.The optical interconnect service provider is offering 54.5 million H-shares at a maximum price of HK$1,010.00 each, according to a Hong Kong bourse filing.The offering comprises 5.5 million shares for Hong Kong investors and 49.1 million shares for international investors, subject to reallocation and the over-allotment option.The offer price is expected to be determined by July 28, with allocation results due by July 29, ahead of the company's planned trading debut on July 30.The offering has attracted cornerstone investors, including Temasek, HHLRA, JPMorgan Asset Management, BlackRock, Taibai, Aspex, ADIA, Alibaba (HKG:9988) and Tencent (HKG:0700), which have agreed to subscribe for shares worth a total of $3.45 billion.Net proceeds will be used primarily to support research and development of optical interconnect technologies, expand the company's global production capacity, and enhance its supply chain resilience and commercialization capabilities.The company also plans to use the funds for strategic acquisitions and investments, and for working capital and general corporate purposes.Goldman Sachs (Asia), CICC Hong Kong Securities, Morgan Stanley Asia and GF Capital (Hong Kong) are serving as joint sponsors, sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers.Haitong International Securities, Citigroup, HSBC, China Galaxy International Securities and other firms are acting as overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, according to the prospectus.

HKG:0700HKG:3308HKG:9988SHE:300308
Asia

Market Chatter: Zhongji Innolight Begins Hong Kong IPO Roadshow

Zhongji Innolight (SHE:300308) has started analyst meetings with investors ahead of its planned Hong Kong listing, Bloomberg News reported Monday, citing deal terms seen by the news agency.The Shenzhen-listed maker of optical transceivers used in data centers could begin taking investor orders as soon as this week and raise as much as $8 billion, according to the report.If completed at that size, the offering would reportedly be Hong Kong's largest initial public offering in seven years.Innolight did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHE:300308

Showing 1-20 of 24

Track with the FINWIRES app suite

FolioX
FolioX
Track SHE:300308 in your portfolio
WheelAI
WheelAI
Analyze SHE:300308 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on SHE:300308