China Stock of the Day | Kabutaro & Friends

Innolight Technology<300308>, a leading optical transceiver maker, was the Chinese stock most talked about online on September 7, 2026.
Background: Goldman Sachs initiated coverage of the company's H-shares that day with a Buy rating and 12-month price targets of HKD 3,267 for the H-shares and RMB 2,645 for the A-shares, implying about 224.9% upside from a reference price of RMB 814. The bank noted that demand for optical modules is accelerating as AI infrastructure is upgraded, and that OpenAI's GPT-6 Astra has shifted the focus from cost reduction to capability improvement, raising computing requirements and optical module specifications. It projects the global optical module market to expand from USD 37.6 billion in 2025 to USD 148.5 billion in 2028. The A-shares rose more than 10%, ranking first by turnover across both exchanges, and market capitalization returned above RMB 1 trillion. The H-shares gained more than 13% intraday, while Eoptolink rose 8.08% and T&S Communications 7.36%. The ChiNext Index closed up 3.41%.