[Goldman Sachs first assigned a buy rating to Zhongji InnoLight's H shares with a target price of HK$3,267] On September 7, Goldman Sachs issued a report and assigned a buy rating to Zhongji Innolight (03308.HK)'s H shares for the first time, with a target price of HK$3,267. The bank expects the company's revenue to grow at a compound annual growth rate of 78% from 2026 to 2028, mainly driven by the growth in silicon photonics (SiPh) optical module shipments and the company's expansion beyond scale-out into the scale-up and scale-across markets. The bank's net profit forecasts for the company in 2026 and 2027 are 25% and 42% higher than market expectations respectively. It is also expected that the gross profit margin will improve from 42% in 2025 to 50% in 2028, and the compound annual growth rate of net profit will reach 84% from 2026 to 2028.