Zhongji Innolight Co (300308) Fair Value & Analysis
Technology · CN · Market cap 1.2T CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 26 days ago
Share price −14.9% over the past month.
A strong business, but screening 82% overvalued on our models.
What matters now
- A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥439.10). The favourable scenario is already priced in.
- The model range is unusually wide (¥128.99 to ¥439.10). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range ¥25.13 – ¥1,382 · fair‑value band ¥128.99 – ¥439.10 · the ¥955.00 price screens above the ¥171.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Zhongji Innolight Co (300308) currently trades at ¥955.00, while our model-based Fair Value estimate is ¥171.09, implying the stock looks roughly 82.1% overvalued today. We read business quality at 75/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Zhongji Innolight Co generated revenue of 51.1B CNY at a net margin of 29.3%. Revenue grew 192.1% year over year. It earns a return on equity of 53.9%. The balance sheet holds a net cash position of 3.0B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥128.99 (bear case) to ¥439.10 (bull case); at ¥955.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -82%, 300308 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (¥436.70) versus Dividend Discount (¥16.70). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 78 · Market factors (momentum, volatility) 65
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Zhongji Innolight Co., Ltd., together with its subsidiaries, researches, designs, develops, packages, tests, and sells optical communication transceiver modules and devices in China and internationally. The company operates in two segments, Optical Module Business and Others.
Full company description
Zhongji Innolight Co., Ltd., together with its subsidiaries, researches, designs, develops, packages, tests, and sells optical communication transceiver modules and devices in China and internationally. The company operates in two segments, Optical Module Business and Others. It engages in investment activities; project management; trading; technical services; and house rental. The company was formerly known as Shandong Zhongji Electrical Equipment Co., Ltd. and changed its name to Zhongji Innolight Co., Ltd. in September 2017. Zhongji Innolight Co., Ltd. was founded in 2005 and is headquartered in Longkou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhongji Innolight Co reported revenue of ¥38.2B in FY2025 versus ¥7.7B in FY2021, a compound +49.3%/yr. Reported net income was ¥10.8B in FY2025, compounding +87.3%/yr from FY2021.
300308 screens 82% overvalued. Compare with Cisco Systems, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- AI data centre supplier Zhongji InnoLight falls on Hong Kong debut
- China's Zhongji Innolight to raise $8 billion in Hong Kong listing, sources say
- China's Zhongji Innolight nears Hong Kong listing of up to $7 billion
- AI optical parts maker Zhongji Innolight eyes up to $7 billion Hong Kong listing, source says
Peer Group
Communication Equipment · 284 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Communication Equipment median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $119.25 | $43.05 | -64% |
| Foxconn Industrial Internet Co 601138 | ¥56.50 | ¥28.65 | -49% |
| Eoptolink Technology Inc 300502 | ¥482.88 | ¥155.05 | -68% |
| Nokia Oyj NOK | $11.25 | $2.67 | -76% |
| Motorola Solutions, Inc MSI | $413.31 | $190.43 | -54% |
| Suzhou TFC Optical Communication Co 300394 | ¥244.13 | ¥32.04 | -87% |
| Telefonaktiebolaget LM Ericsson (publ), ERIC | $11.72 | $15.96 | +36% |
| Accton Technology Corporation 2345 | 2,090 TWD | 846.28 TWD | -60% |
| ZTE Corporation 000063 | ¥40.00 | ¥15.75 | -61% |
| Accelink Technologies Co 002281 | ¥189.45 | ¥22.87 | -88% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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