InnoLight Says Most Overseas Clients Have Not Reduced Demand, 1.6T Stays Strong

On the evening of November 3, 2026, optical module maker Zhongji Innolight (300308) held an investor conference call to address market concerns about component supply, overseas customer orders, and reports of a brokerage downgrade. Wang Jun, the company's vice president and board secretary, handled the questions.

On rumors that overseas customers were cutting demand or cancelling orders, Wang said that the overwhelming majority of customers had not revised down their needs or orders. A few customers were making structural adjustments to their products, while some customers had actually increased their 1.6T demand compared with before. Even accounting for those individual structural adjustments, overall industry demand for 2027 remains within the original forecast range, and demand from top customers remains strong. Regarding rumors that a foreign brokerage had cut its rating and target market value for the company, Wang said Zhongji Innolight had verified with that brokerage, which confirmed it still maintained its rating on the company and had no such plan to cut the rating or target price. The reports, he said, were false content spread by someone impersonating the brokerage.

On demand for 2027-2028, Wang said the company's orders for 2027 already cover the full year for the vast majority of the year's demand. For 2028, at least one key customer has already given a clear demand guide, and the demand is strong. Guidance from other customers is still being collected, and the company remains optimistic about overall industry demand and conditions in 2028. Asked whether tight component supply would hurt net profit, Wang said some components are indeed in tight supply, but that does not mean prices for all components are rising. The specific impact of higher raw material costs on net profit is still being calculated. As of November 4, 2026, only one report covering this event has been published.