HK Stock Market Move | Zhongji Innolight (03308) once fell more than 8%; Q3 net profit attributable to shareholders rose 8.46% quarter-on-quarter, but profit growth lagged behind revenue

Zhongji Innolight (03308) once fell more than 8%, down 3.11% as of press time at HK$684.5, with turnover of HK$1.045 billion. On the news front, on October 29, Zhongji Innolight disclosed its third-quarter results. For the first three quarters of 2026, the company's operating revenue was RMB69.547 billion, up 178.13% year-on-year; net profit attributable to shareholders was RMB22.238 billion, up 211.81% year-on-year; net profit after deducting non-recurring gains and losses was RMB22.11 billion, up 212.12% year-on-year. It is worth noting that, on a single-quarter basis, Zhongji Innolight's third-quarter operating revenue was RMB27.769 billion, up 171.83% year-on-year; net profit attributable to shareholders was RMB8.587 billion, up 173.74% year-on-year; net profit after deducting non-recurring gains and losses was RMB9.018 billion, up 190.13% year-on-year. Measured on a quarter-on-quarter basis, third-quarter operating revenue rose 24.62% quarter-on-quarter, while net profit attributable to shareholders rose 8.46% quarter-on-quarter. Zhongji Innolight said the lag in profit growth relative to revenue was mainly due to the drag from two non-operating factors: exchange losses brought by its Hong Kong listing and changes in the fair value of equity investments.