The Zhitong Finance App learned that Zhongji Xuchuang (03308) rose more than 5%. As of press release, it had risen 5.1% to HK$1,071, with a turnover of HK$441 million.
According to the news, the latest information from the Hong Kong Stock Exchange shows that J.P. Morgan Chase increased its holdings of Zhongji Xuchuang H shares by 362,700 shares on August 6. After this increase in holdings, J.P. Morgan Chase's shareholding ratio in Zhongji Innox H shares rose to 15.60%. Although Zhongji Xuchuang has experienced a wave of pullbacks recently, foreign investors have frequently increased their positions. Furthermore, Micron Communications manufacturer Lumentum's guidance for the first fiscal quarter of fiscal year 2027 was significantly stronger than expected. The company expects revenue of US$1.23 billion to US$1.28 billion for the first fiscal quarter, which is more than 8% higher than market expectations; the adjusted EPS forecast is 4.05 to 4.35 US dollars, and the median guideline value is more than 16% higher than market expectations.
It is worth mentioning that earlier, on July 28, Zhongji Xuchuang said in a conference call that in response to market rumors that the price of 1.6T optical modules in the industry has dropped significantly, the company's 1.6T ASP is far higher than market rumors, and there is no vicious competition in the industry. Currently, overall industry demand is very strong, raw materials are scarce, 1.6T delivery is tight, and only a few manufacturers have the capacity to deliver 1.6T on a large scale. The company's product pricing is competitive and can maintain a stable level of gross margin.