ZJ Innolight 03308Hong Kong Stock ExchangeIPOProspectus Information

588.5009.39%( -61.000 )
Nov 13 · End-of-day data, not live · Hong Kong Stock Exchange
Listing Date: 2026-07-30 · Registrar: Computershare
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IPO Timeline Raw facts

Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading

Cross-Market Price Comparison

Other Listed Market Shenzhen (SZSE)
Other Market Stock Code300308
H-Share Offer PriceHK$ 980.00
Other Market PriceLoading...
Reference Exchange RateLoading...
H-Share Offer Price Premium/Discount vs Other MarketLoading...

Company Overview

Stock NameZJ Innolight
Stock Code03308
Company Full NameZhongji Innolight Co., Ltd.
IndustryIndustrial Goods
Principal ActivitiesWe are a leading global provider of optical interconnect solutions, with optical modules as our main products, which transmit massive amounts of data by enabling the mutual conversion between electrical signals and optical signals, serving global cloud service providers and AI computing solution providers.
Listing Date2026-07-30
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterTo be extracted
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)中國江蘇省蘇州市蘇州工業園區勝浦路168號
Business Address (Hong Kong)香港灣仔皇后大道東183號合和中心46樓
Place of IncorporationChina
Listing MethodGlobal Offering
Listing BoardMain Board
Websitewww.zj-innolight.com
Share Registrar香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited)
Registrar Contact香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖
A-Share/US Dual ListingYes (A股)

Offering Information

Offering Mechanism Mechanism B
Offer PriceHK$ 980.00 / shares
Offer Price RangeFinal offer price only, no range
Lot Size50 shares
Entry ThresholdHK$ 49,000
Par ValueRMB 1.0 / shares
Offer Period2026-07-22 to 2026-07-27
Global Offering Shares54,500,000 shares
HK Public Offer Shares (Initial)5,450,000 shares (10.0%)
Public Offer Lots (Initial)109,000lots (Pool A54,500lots，Pool B54,500lots)
International Placing Shares (Initial)49,050,000 shares (90.0%)
Offer Ratio~10.0%
Total Shares Post-IPO1,169,734,641 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)GOLDMAN SACHS (ASIA) L.L.C. CE ACC536
Cornerstone Share56.9%
Clawback TiersTo be extracted
Reallocation OptionYes
Total Global Offering SizeHK$ 53,410,000,000

Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 50 HK$ 49,000
2 lots 100 HK$ 98,000
3 lots 150 HK$ 147,000
4 lots 200 HK$ 196,000
5 lots 250 HK$ 245,000
6 lots 300 HK$ 294,000
7 lots 350 HK$ 343,000
8 lots 400 HK$ 392,000
9 lots 450 HK$ 441,000
10 lots 500 HK$ 490,000
12 lots 600 HK$ 588,000
14 lots 700 HK$ 686,000
16 lots 800 HK$ 784,000
18 lots 900 HK$ 882,000
20 lots 1,000 HK$ 980,000
40 lots 2,000 HK$ 1,960,000
60 lots 3,000 HK$ 2,940,000
80 lots 4,000 HK$ 3,920,000
100 lots 5,000 HK$ 4,900,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
120 lots 6,000 HK$ 5,880,000
140 lots 7,000 HK$ 6,860,000
160 lots 8,000 HK$ 7,840,000
180 lots 9,000 HK$ 8,820,000
200 lots 10,000 HK$ 9,800,000
400 lots 20,000 HK$ 19,600,000
600 lots 30,000 HK$ 29,400,000
800 lots 40,000 HK$ 39,200,000
1,000 lots 50,000 HK$ 49,000,000
1,200 lots 60,000 HK$ 58,800,000
1,400 lots 70,000 HK$ 68,600,000
1,600 lots 80,000 HK$ 78,400,000
1,800 lots 90,000 HK$ 88,200,000
2,000 lots 100,000 HK$ 98,000,000
4,000 lots 200,000 HK$ 196,000,000
6,000 lots 300,000 HK$ 294,000,000
8,000 lots 400,000 HK$ 392,000,000
10,000 lots 500,000 HK$ 490,000,000
20,000 lots 1,000,000 HK$ 980,000,000
30,000 lots 1,500,000 HK$ 1,470,000,000
40,000 lots 2,000,000 HK$ 1,960,000,000

Stock Connect Inclusion Analysis

HK Market Cap HK$ 44.17B
Analysis Result Already included in Stock Connect (both)

Valuation & Financials

Market Cap (at Offer Price)HK$ 1,181,431,987,410
Pre-IPO Valuation (Last Round)Not disclosed
P/E RatioNot disclosed
Profit/Loss StatusNet profit RMB 11,579.8 million
Period-End Cash BalanceRMB 10,943.81 million
Listing Expenses~HK$ 532,100,000
Listing Expenses / Funds Raised~1.0%
Total Pre-IPO InvestmentTo be extracted
First Day CloseLoading...
Use of Proceeds
Approximately 35% will be used for research and development of optical interconnect products, approximately 30% for expanding global production capacity, approximately 10% for enhancing supply chain resilience and commercialization capabilities, approximately 15% for strategic acquisitions and investments, and approximately 10% for working capital and general corporate purposes.

Underwriting Syndicate

Joint Sponsors (4)
GOLDMAN SACHS (ASIA) L.L.C. CE ACC536 China International Capital Corporation Hong Kong Securities Limited CE AEN894 Morgan Stanley Asia Limited CE AAD291 GF Capital (Hong Kong) Limited CE AOB163
Joint Global Coordinators (5)
海通国际证券有限公司 CE AAF806 ABCI CAPITAL LIMITED CE AWL249 Citigroup Global Markets Asia Limited CE AAA137 香港上海汇丰银行有限公司 CE AAA523 China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Joint Bookrunners (2)
海通国际证券有限公司 CE AAF806 ZHONGTAI INTERNATIONAL SECURITIES LIMITED CE BAA855
Joint Lead Managers (4)
China International Capital Corporation Hong Kong Securities Limited CE AEN894 ABCI Securities Company Limited CE ACX411 Morgan Stanley Asia Limited CE AAD291 GF Securities (Hong Kong) Brokerage Limited CE AOB364
Capital Market Intermediaries (6)
Citigroup Global Markets Asia Limited CE AAA137 清科证券有限公司 CE BNF723 Citigroup Global Markets Asia Limited CE AAA137 DBS ASIA CAPITAL LIMITED CE AAE430 香港上海汇丰银行有限公司 CE AAA523 China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Stabilizing Manager (1)
GOLDMAN SACHS (ASIA) L.L.C. CE ACC536

Service Providers

RoleInstitution
Legal Advisor to Company Zhong Lun Law Firm
Auditor and Reporting Accountant 罗兵咸永道会计师事务所
Industry Advisor 灼识行业咨询有限公司
Compliance Advisor 海通国际资本有限公司 CE ADQ859
Receiving Banks 中国银行（香港）有限公司
中国工商银行（亚洲）有限公司
招商永隆银行有限公司
中信银行（国际）有限公司

Cornerstone Investors

#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 淡馬錫 300,000,000 USD 2,328,050 4.27% 0.20% 6 months 2027-01-30
2 太白 240,000,000 USD 1,862,450 3.42% 0.16% 6 months 2027-01-30
3 True Light 60,000,000 USD 465,600 0.85% 0.04% 6 months 2027-01-30
4 HHLRA 300,000,000 USD 2,328,050 4.27% 0.20% 6 months 2027-01-30
5 JPM AM 250,000,000 USD 1,940,050 3.56% 0.17% 6 months 2027-01-30
6 JPMIMI 153,500,000 USD 1,191,150 2.19% 0.10% 6 months 2027-01-30
7 JPMAMAPL 96,500,000 USD 748,850 1.37% 0.06% 6 months 2027-01-30
8 貝萊德 250,000,000 USD 1,940,050 3.56% 0.17% 6 months 2027-01-30
9 YF Capital 150,000,000 USD 1,164,000 2.14% 0.10% 6 months 2027-01-30
10 Aspex 150,000,000 USD 1,164,000 2.14% 0.10% 6 months 2027-01-30
11 ADIA 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
12 Wellington 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
13 Perseverance Asset Management.. 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
14 Indus基金 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
15 Mirae投資者 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
16 NGS Super基金 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
17 Bain Capital 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
18 CPE 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
19 Boyu Capital 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
20 IDG Capital 90,000,000 USD 698,400 1.28% 0.06% 6 months 2027-01-30
21 Ninety One Asia 10,000,000 USD 77,600 0.14% 0.01% 6 months 2027-01-30
22 WT Asset Management 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
23 奇點資產 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
24 泰仁 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
25 Hao基金 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
26 Janchor基金 100,000,000 USD 776,000 1.42% 0.07% 6 months 2027-01-30
27 阿里巴巴 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
28 騰訊 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
29 CPP Investments 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
30 Oaktree 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
31 CP Black Dragon 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
32 周大福企業 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
33 Athos Capital 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
34 TAL基金 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
35 Burkehill 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
36 General Atlantic 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30
37 Huadeng Technology 50,000,000 USD 388,000 0.71% 0.03% 6 months 2027-01-30

Directors & Management

PositionChinese nameEnglish Name
Chairman / Executive Director劉聖Liu Sheng
Company Secretary王軍、黃美鳳—
Non-Executive Director陳彩雲Chen Caiyun
Independent Non-Executive Director戰淑萍Zhan Shuping
Executive Director王曉東Wang Xiaodong
Independent Non-Executive Director成波Cheng Bo
Executive Director王曉麗Wang Xiaoli
Independent Non-Executive Director屈文洲Qu Wenzhou
Independent Non-Executive Director黃國濱Huang Guobin

Major Shareholders

Major Shareholders & HoldingsMr. 王偉修, through beneficial interests and 中際控股, holds approximately 16.34% in aggregate, constituting the single largest shareholder group; Dr. 劉聖 and the persons acting in concert with him hold approximately 6.36% in aggregate.
About this page

This page shows ZJ Innolight (03308) prospectus details: offer price range, fundraise size, cornerstone investors, greenshoe, Pool A/B allocation and syndicate. For eligible IPOs it also provides a Stock Connect inclusion analysis, indicating the pathway and estimated timing for Southbound Connect admission; for A-share / US secondary listings, it additionally compares the other market's price, exchange rate and the H-share premium/discount. Data is parsed from the HKEX prospectus and related announcements. New to IPO subscription? See Hong Kong IPO Subscription 101.

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