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CNBC AI · 2026/7/30 01:52:08

China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
AI 中文解读
中国AI概念股中际联合在港股上市首日就跌了1.28%,让人有点意外。这家公司刚通过IPO募了68亿美元,是今年亚洲第二大IPO,仅次于存储芯片公司长鑫存储。简单说,中际联合主要做光模块——就是AI数据中心里用来高速传输光信号的关键部件,可以理解为AI大脑的“神经纤维”。它股价走低,说明市场对AI供应链企业的估值和短期回报有不同看法。对普通人来说,这件事的直接感受可能不明显,但值得关注的是:AI基建层的企业开始集中上市融资,意味着整个AI产业正从实验室加速走向大规模商业落地。未来你的网速、AI服务的成本和响应速度,都跟这些公司有关系。如果投资者想参与AI红利,这类上游硬件公司也是重要的观察窗口。
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IPOsChina AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPOPublished Wed, Jul 29 20269:40 PM EDTUpdated 17 Min AgoLee Ying Shan@in/ying-shan-lee@LeeYingshanWATCH LIVEKey PointsShares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.The deal was Asia's second-largest listing this year, behind Chinese memory-chip maker CXMT $8.6 billion Shanghai listing.The Zhongji Innolight logo is displayed on the screen of a tablet computer. Sopa Images | Lightrocket | Getty ImagesShares of Zhongji Innolight fell 1.28% on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.The company raised HK$53.4 billion ($6.8 billion) after pricing its initial public offering at HK$980 per share, below the maximum indicated price of HK$1,010.The deal was Asia's second-largest listing this year, behind Chinese memory-chip maker CXMT $8.6 billion Shanghai listing.Zhongji, which is also listed in Shenzhen, supplies components used in artificial intelligence data centres, cloud computing and high-speed networking.The company is also the world's largest provider of optical interconnect solutions by revenue, accounting for 21.2% of the global market in 2025, according to consultancy CIC as cited in its prospectus. The Hong Kong tranche drew orders for roughly 16.8 times the shares available to retail investors, while for international it was 9.7 times.Zhongji plans to use the proceeds to fund research and development, expand overseas production capacity, strengthen its supply chain and pursue potential acquisitions. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.Subscribe to CNBC PROSubscribe
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