ZJ INNOLIGHT (03308.HK) Vice President and Board Secretary Wang Jun said, in response to market rumors about a plunge in prices of 1.6T optical modules in the industry, that the company's average selling price (ASP) for 1.6T products is far higher than market speculation, and there is no cut-throat competition in the industry.

Overall industry demand is now grossly strong, with shortages in raw materials and tight 1.6T deliveries, the company remarked. Only a small number of manufacturers have the capability for large-scale delivery of 1.6T products. The company's product pricing remains competitive and can stably maintain gross margin levels.

Wang disclosed that nearly all current customer orders have already covered the whole of 2026, while some customer orders have extended into 2027, with delivery schedules refined on a monthly basis. Visibility for the industry in 2027 is clear, with strong certainty and rapid growth expected for demand in products including 800G, 1.6T, 2.4T and NPO.

In addition, some key customers have already provided guidance for new products in 2028, with guidance amounts being very substantial. The company expects capital expenditure from major downstream customers to remain highly sustainable, with customers willing to continue increasing industry investment.

ZJ INNOLIGHT is scheduled to list in Hong Kong on Thursday (30th), with pricing set at HKD980 per share. The company plans to globally offer 54.5 million H shares, with a board lot size of 50 shares. Joint sponsors include Goldman Sachs, CICC, Morgan Stanley and GF Securities.
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