Citigroup initiated coverage of Zhongji Xuchuang (03308.HK) H shares with a buy rating and a HK$1,524 price target, based on 16.2x its 2027 forecast P/E. The bank forecasts 2025–28 revenue and net profit CAGRs of 129% and 149%, driven by strong AI optical-communications demand, bandwidth upgrades, rapid capacity expansion, improved product mix, rising silicon-photonics adoption and operating leverage. Citigroup highlights the company’s broad product set, scalable manufacturing, advanced R&D, res

Citigroup initiated coverage of Zhongji Xuchuang (03308.HK) H shares with a buy rating and a HK$1,524 price target, based on 16.2x its 2027 forecast P/E. The bank forecasts 2025–28 revenue and net profit CAGRs of 129% and 149%, driven by strong AI optical-communications demand, bandwidth upgrades, rapid capacity expansion, improved product mix, rising silicon-photonics adoption and operating leverage. Citigroup highlights the company’s broad product set, scalable manufacturing, advanced R&D, resilient supply chain and relationships with leading cloud and AI customers as supports for its AI-era leadership.