On September 1, ZJ INNOLIGHT (03308.HK) rose 4.37% in regular trading, trading at HKD 1,076.0 per share, with turnover of HKD 735 million. The rally was primarily driven by the company's announcement of a large-scale A-share buyback program aimed at bolstering market confidence.

On August 31, the company's board unanimously approved a share repurchase plan with total funds of no less than 4 billion yuan and no more than 8 billion yuan, at a maximum price of 1,200 yuan per share. Based on the upper limit, approximately 6.67 million shares would be repurchased, representing about 0.57% of total share capital. The repurchased shares will be used for employee stock ownership plans or equity incentive programs. As of end-June, the company reported total assets of 68.9 billion yuan and net assets of 39.9 billion yuan, underpinning a solid financial foundation for the buyback.

The buyback follows a series of positive catalysts, including the full exercise of the H-share over-allotment option netting approximately HKD 7.94 billion, the inclusion of H shares in the Stock Connect program, and robust first-half results with revenue of 41.8 billion yuan and net profit of 13.7 billion yuan. The buyback further signals management's confidence in the company's long-term outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)