[Citi: Zhongji InnoLight H shares were given a "buy" rating for the first time, with a target price of HK$1,524] On September 7, Citigroup issued a research report stating that it covered Zhongji InnoLight (03308) H shares for the first time and gave it a "buy" rating, based on 16.2 times the forecast price-earnings ratio for 2027, with a target price of HK$1,524. The bank predicts that the company's revenue and net profit will grow at a compound annual growth rate of 129% and 149% respectively from 2025 to 2028, benefiting from strong demand for AI optical communications, bandwidth upgrades, rapid increase in production capacity, improved product mix, increased adoption of silicon photonics technology, and operating leverage. The bank believes that the company's comprehensive product portfolio, scalable production capabilities, cutting-edge technological progress and R&D capabilities, flexible and resilient supply chain, and solid relationships with the world's leading cloud service providers and AI customers are expected to support its leading position in the AI ​​era.