On September 28, ZJ INNOLIGHT fell 4.53% in regular trading to HK$1,127.0 per share, with turnover of approximately HK$81.91 million. The decline comes as markets digest a bipartisan US Senate bill introduced on September 25 that specifically names ZJ INNOLIGHT and fellow Chinese optical module maker Eoptolink.

The proposed legislation, titled the Securing National Security Systems from Chinese Optical Transceivers Act (S.5548), seeks to prohibit the use of Chinese-manufactured optical transceivers in US federal government national security networks. Notably, the bill includes a five-year transition period and a waiver mechanism, and does not cover private-sector data centers, which constitute the vast majority of ZJ INNOLIGHT's revenue base from North American hyperscale cloud customers. The bill remains at the proposal stage and has not yet been voted on or enacted.

Within the Communications Equipment sector, YOFC fell 6.11%, while COMBA rose 4.85%, ZTE gained 0.09%, TRIGIANT added 1.01%, and CIG rose 0.95%.

(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.)