[Goldman Sachs: For the first time, it covered Zhongji InnoLight’s H shares and gave a target price of HK$3,267. The performance forecast exceeded market expectations] On September 7, Goldman Sachs covered Zhongji Innolight’s H shares for the first time and gave it a “buy” rating, with a 12-month target price of HK$3,267. The bank's net profit forecasts for 2026 and 2027 are 25% and 42% higher than market consensus, respectively, given higher revenue and gross margin assumptions. Analysts Verena Jeng and others said in the report that the higher expectations reflect the bank's positive attitude towards the following aspects: InnoLight's leading position in the field of silicon optical modules, accelerated mass production of 1.6T and above solutions, stable supply chain and diversified production base, as well as controllable co-packaged optics (CPO) competition. Reiterate the "buy" rating for A shares and maintain the target price at RMB 2,645.