{"ticker": {"uuid": "4e7d4c68-459a-4716-b4f1-dfcf7cc846e1", "symbol": "3308", "name": "ZJ INNOLIGHT", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-08-21", "summary": "3308 closed the latest completed week at 1,140 HKD. The 4-week return is - and the 12-week return is -. The trend backdrop is inactive, with activity pressure at 0.00.", "description": "Zhongji Innolight Co., Ltd. research and development, design, manufacturing, and sales of high-speed optical transceivers in China, United States, Singapore, Netherlands, United Kingdom, and Hong Kong. The company offers products, such as a comprehensive portfolio of optical transceivers from 10G to 1.6T, including modules for 400G, 800G, and 1.6T applications; components in optical transceivers and related optical communication equipment, including Transistor Outline Can (TO-CAN) packaged components; and in-vehicle optical transmission solutions for fiber to the vehicle (FTTV) deployment. It also offers services, including the design, research, and manufacturing of high-end optical communication modules and intelligent equipment. The company's product applications include cloud and AI infrastructure, coherent and transport networks, datacom, and telecom. Zhongji Innolight Co., Ltd. was formerly known as Shandong Zhongji Electrical Equipment Co., Ltd. and changed its name to Zhongji Innolight Co., Ltd. in September 2017. The company was founded in 2005 and is headquartered in Longkou, China.", "setup_signature": "Balanced read", "composite_score": "42", "kpis": [{"label": "Latest Close", "value": "1,140 HKD", "hint": "2026-08-21"}, {"label": "1W Return", "value": "-2.9%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-", "tone": "neutral", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-", "tone": "neutral", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "0.0%", "hint": "0 of 4 weeks active"}, {"label": "Volume Ratio", "value": "0.5x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Technology", "industry": "Communication Equipment", "currency": "HKD", "market_cap": "1333.5B"}, "price": {"trend_line": "-", "fair_value": "1,113 HKD", "vs_trend": "-", "vs_fair_value": "2.4%", "high_52": "1,319 HKD", "low_52": "880.0 HKD", "drawdown": "-13.6%", "range_position": "59.2%", 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"0.5x", "detail": "Latest volume versus the 13-week average.", "tone": "neutral"}, {"label": "Baseline", "value": "12.8M", "detail": "13-week average volume.", "tone": "neutral"}, {"label": "One-year base", "value": "12.8M", "detail": "52-week average volume.", "tone": "neutral"}]}, "risk": {"volatility_13": "4.7%", "volatility_52": "4.7%", "downside_weeks": 1, "upside_weeks": 2, "downside_breadth": "33.3%", "average_gain": "6.9%", "average_loss": "-2.9%", "distribution_scale": "8%", "return_callouts": [{"label": "Weeks higher", "value": "2 of 3", "detail": "1 weeks finished lower.", "tone": "positive"}, {"label": "Best week", "value": "+8.0%", "detail": "Week of 7 Aug.", "tone": "positive"}, {"label": "Worst week", "value": "-2.9%", "detail": "Week of 21 Aug.", "tone": "negative"}, {"label": "Latest week", "value": "-2.9%", "detail": "Week of 21 Aug.", "tone": "negative"}], "buckets": [{"label": "Strong gains", "count": 2, "share": 66.66666666666666, "share_label": "66.7%", "tone": "positive"}, {"label": "Modest gains", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "positive"}, {"label": "Flat weeks", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "neutral"}, {"label": "Modest losses", "count": 1, "share": 33.33333333333333, "share_label": "33.3%", "tone": "negative"}, {"label": "Sharp losses", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "negative"}], "insights": [{"label": "Recent vol", "value": "4.7%", "detail": "13-week weekly-return volatility.", "tone": "neutral"}, {"label": "Base vol", "value": "4.7%", "detail": "52-week weekly-return volatility.", "tone": "neutral"}, {"label": "Up/down split", "value": "2/1", "detail": "Count of positive and negative weeks in the 52-week window.", "tone": "positive"}, {"label": "Average skew", "value": "6.9% / -2.9%", "detail": "Average positive week versus average negative week.", "tone": "neutral"}]}, "signals": [{"label": "Trend backdrop", "value": "Inactive", "tone": "negative"}, {"label": "Activity pressure", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-", "tone": "neutral"}, {"label": "Volume", "value": "0.5x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model.", "Next-week expectancy is positive at 100.00% based on similar historical setup states."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Activity pressure is negative, which weakens the current setup.", "Activity pressure is weak, so confirmation is not yet broad enough.", "2 reversal markers appear in the recent smart-money tape."], "watch_points": ["Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-08-21", "close": "1,140 HKD", "return": null, "return_tone": null, "trend_line": "-", "fair_value": "1,113 HKD", "activity_pressure": "0.00", "relative_leadership": "-", "volume": "6.8M", "trend_backdrop": null}, {"week": "2026-08-14", "close": "1,174 HKD", "return": null, "return_tone": null, "trend_line": "-", "fair_value": "1,104 HKD", "activity_pressure": "-", "relative_leadership": "-", "volume": "9.0M", "trend_backdrop": null}, {"week": "2026-08-07", "close": "1,110 HKD", "return": null, "return_tone": null, "trend_line": "-", "fair_value": "1,069 HKD", "activity_pressure": "-", "relative_leadership": "-", "volume": "15.6M", "trend_backdrop": null}, {"week": "2026-07-31", "close": "1,028 HKD", "return": null, "return_tone": null, "trend_line": "-", "fair_value": "1,028 HKD", "activity_pressure": "-", "relative_leadership": "-", "volume": "19.7M", "trend_backdrop": null}], "intelligence": {"rating": "Neutral", "rating_tone": "neutral", "overall_score": "45", "primary_driver": {"label": "Next-Week Expectancy", "score": 100, "score_label": "100", "tone": "positive", "summary": "Next-week expectancy is positive with a 100.00% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 100.00%", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.05}, "primary_conflict": {"label": "Indicator analysis", "score": 5.458333333333333, "score_label": "5", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/4, activity pressure 0/4, relative leadership 0/4.", "detail": "Activity pressure 0.06; 2 reversal markers", "metric": "5/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.45}, "options_tone": "neutral", "options": null, "evidence": [{"label": "Weekly tape", "score": 39.18628994485514, "score_label": "39", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 39/100 tape read.", "detail": "", "metric": "39/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.6}, {"label": "Indicator analysis", "score": 5.458333333333333, "score_label": "5", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/4, activity pressure 0/4, relative leadership 0/4.", "detail": "Activity pressure 0.06; 2 reversal markers", "metric": "5/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.45}, {"label": "Next-Week Expectancy", "score": 100, "score_label": "100", "tone": "positive", "summary": "Next-week expectancy is positive with a 100.00% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 100.00%", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.05}, {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, {"label": "Sentiment", "score": 54.0, "score_label": "54", "tone": "neutral", "summary": "Weighted news tone is neutral across 5 relevant articles.", "detail": "Zhongji Innolight\u2019s H1 2026 net profit surges 2.4 times to 13 bln yuan on growing overseas demand", "metric": "54/100", "url": "/sentiment/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 0.95}, {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}], "positives": [{"label": "Next-Week Expectancy", "score": 100, "score_label": "100", "tone": "positive", "summary": "Next-week expectancy is positive with a 100.00% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 100.00%", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.05}], "negatives": [{"label": "Indicator analysis", "score": 5.458333333333333, "score_label": "5", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/4, activity pressure 0/4, relative leadership 0/4.", "detail": "Activity pressure 0.06; 2 reversal markers", "metric": "5/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.45}, {"label": "Weekly tape", "score": 39.18628994485514, "score_label": "39", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 39/100 tape read.", "detail": "", "metric": "39/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.6}], "conclusion": ["The strongest supporting evidence is next-week expectancy: Next-week expectancy is positive with a 100.00% historical one-week setup read.", "The main constraint is indicator analysis: Latest 12-week confirmation: trend 0/4, activity pressure 0/4, relative leadership 0/4.", "The combined read is balanced, making the next change in trend, sentiment, or options pressure especially important."], "weekly_changes": [{"label": "Price follow-through", "value": "-2.9%", "detail": "Latest completed week; four-week move -.", "tone": "negative", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Indicator stack", "value": "0/50", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Positive 100.00%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "positive", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "News sentiment", "value": "54/100", "detail": "5 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}]}, "investor_view": {"stance": "Mixed setup", "stance_tone": "neutral", "setup_score": "42", "bottom_line": "The weekly trend is not active. Price is - below the Trend Line and sits at 59.2% of its 52-week range. The latest completed week returned -2.9%, after a - four-week move. The latest news-sentiment score is 54/100. Near-term considerations: volume confirmation is below normal.", "price_summary": "The weekly trend is not active. Price is - below the Trend Line and sits at 59.2% of its 52-week range. The latest completed week returned -2.9%, after a - four-week move.", "volume_summary": "Latest weekly volume is 0.5x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.", "momentum_summary": "Performance is - over four weeks, - over 12 weeks, and - over one year. The current trend has remained active for 0 consecutive weeks.", "fundamentals": {"available": false, "summary": "A published fundamentals and factor snapshot is not available for this company.", "rank_scores": [], "groups": []}, "weekly_change": [{"label": "Price follow-through", "value": "-2.9%", "detail": "Latest completed week; four-week move -.", "tone": "negative", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Indicator stack", "value": "0/50", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Positive 100.00%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "positive", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}, {"label": "News sentiment", "value": "54/100", "detail": "5 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/"}], "strengths": ["Price is above Fair Value, showing premium demand versus the model.", "Next-week expectancy is positive at 100.00% based on similar historical setup states."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Activity pressure is negative, which weakens the current setup.", "Activity pressure is weak, so confirmation is not yet broad enough.", "2 reversal markers appear in the recent smart-money tape."], "watch_points": ["Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "evidence": {"weekly_tape": {"label": "Weekly tape", "score": 39.18628994485514, "score_label": "39", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 39/100 tape read.", "detail": "", "metric": "39/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.6}, "indicator_analysis": {"label": "Indicator analysis", "score": 5.458333333333333, "score_label": "5", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/4, activity pressure 0/4, relative leadership 0/4.", "detail": "Activity pressure 0.06; 2 reversal markers", "metric": "5/100", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.45}, "next-week_expectancy": {"label": "Next-Week Expectancy", "score": 100, "score_label": "100", "tone": "positive", "summary": "Next-week expectancy is positive with a 100.00% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 100.00%", "url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 1.05}, "factors": {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, "patient_capital": {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, "sentiment": {"label": "Sentiment", "score": 54.0, "score_label": "54", "tone": "neutral", "summary": "Weighted news tone is neutral across 5 relevant articles.", "detail": "Zhongji Innolight\u2019s H1 2026 net profit surges 2.4 times to 13 bln yuan on growing overseas demand", "metric": "54/100", "url": "/sentiment/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "available": true, "weight": 0.95}, "insiders": {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, "earnings": {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}}, "section_nav": [{"id": "overview", "label": "Overview"}, {"id": "price-action", "label": "Price"}, {"id": "volume-demand", "label": "Volume"}, {"id": "momentum", "label": "Momentum"}, {"id": "fundamentals", "label": "Fundamentals"}, {"id": "ownership-flow", "label": "Ownership & Flow"}, {"id": "catalysts-risk", "label": "Catalysts & Risk"}, {"id": "peer-context", "label": "Peer Context"}, {"id": "weekly-data", "label": "Weekly Data"}]}, "chart_url": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/", "api_path": "/terminal/4e7d4c68-459a-4716-b4f1-dfcf7cc846e1/report/api/"}