The Zhitong Finance App learned that Zhongji Xuchuang (03308) offered shares from July 22 to July 27. As of noon on Monday (27th), the data showed that the subscription amount for Zhongji Innotech Margin Trading reached HK$71.99 billion, which was 12.07 times the oversubscription amount compared to the HK$5.505 billion equity raise.
According to reports, Zhongji Xuchuang told potential investors that its H shares would be priced at HK$980, which meant that the amount raised was about RMB 53.41 billion. According to the report, Zhongji Xuchuang plans to stop accepting subscriptions for Hong Kong IPOs from institutional investors at 5 p.m. last Friday and complete the accounts one working day ahead of schedule. According to the terms of the deal, the company was originally scheduled to close institutional investor subscriptions on Monday (27th). According to insiders, investors have publicly stated that their intention to subscribe has reached several times the IPO.
Zhongji Xuchuang plans to sell 54.5 million H shares globally (depending on whether the over-allotment rights are exercised), of which Hong Kong sales account for about 10% (subject to redistribution), international sales account for about 90% (subject to redistribution and depending on whether the over-allotment rights are exercised), and 15% over-allotment rights. The maximum sale price per share is HK$1,010, with 50 shares per lot. It is expected that H shares will start trading on the Stock Exchange at 9:00 a.m. on July 30, 2026 (Thursday).
According to the prospectus, the company is a leading global provider of optical interconnection solutions. The company's optical interconnect solution transmits data through optical fiber to enable high-speed, energy-efficient, and low-latency connections between servers, switches, and other network devices in increasingly complex and data-intensive cloud and AI infrastructures. The company's main product is an optical module, which can transmit massive amounts of data through mutual conversion of electrical signals and optical signals.
According to Insight Consulting, the company has been the world's largest provider of optical interconnect solutions by revenue for five consecutive years since 2021, accounting for 21.2% of the overall optical interconnect solutions market in 2025, and further strengthened its leading position in the high-speed digital optical interconnect solutions market — the company occupied 28.1% market share in the same year.
On the financial side, for the three months ending March 31 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately 10.718 billion yuan, 23.862 billion yuan, 38.240 billion yuan, and 19.496 billion yuan, respectively. In the same period, the annual/period profit was approximately 2,208 billion yuan, 5.372 billion yuan, 11.58 billion yuan, and 6.317 billion yuan, respectively.