Zhongji Innolight Co Ltd (3308.HK): Takeaways from 2026 OCP Global Summit

We believe Innolight's pioneer R&D progress on CPX, XPO, and SDM4 MCF could help the company gain market share in next-generation AI optical solutions. At the 2026 OCP Global Summit, Innolight presented its vision and roadmap for Open Optical Interconnect Solutions by highlighting the following three key products: 1) Open CPX MSA (Pluggable CPO/NPO OE), which defines standard connected, pluggable co-packaged, and near-package OE modules addressing AI scale-up density, thermal, and serviceability requirements while reducing power consumption; 2) XPO MSA (12.8T Ultra-High Density Pluggable Optics), which incorporates integrated liquid cooling and includes fully retimed, half-retimed (RTLR), and LPO configurations;