Zhongji Innolight's 10.47% stake and liquid-cooling/CPO demand drive Jones Tech
Zhongji Innolight buys 10.47% stake for 1.747 billion yuan Optical module giant Zhongji Innolight agreed to buy 10.47% of Jones Tech from its controlling shareholders at 55.70 yuan per share, a 1.747 billion yuan deal. The strategic investor brings confidence and potential heat-dissipation synergies as high-end optical modules ramp up. Control stays unchanged.
This is the single biggest new force behind the stock, bringing a deep-pocketed strategic partner and validating Jones Tech's thermal materials business.
China's first data center liquid cooling national standard released China approved its first national standard for cold-plate liquid cooling in data centers, effective February 2027. Tightening energy rules and AI server power density are forcing liquid cooling adoption. Jones Tech, which makes thermal materials, jumped 20% on the news as a direct beneficiary.
A new regulation creates a durable, policy-backed demand wave for Jones Tech's core thermal products.
Nvidia CPO switches enter mass production, lifting optical supply chain Nvidia said its Spectrum-X silicon photonics switches are in full mass production, cutting power use and laser counts. Jones Tech hit a second straight 20% limit as a CPO concept stock. Faster CPO adoption means more optical modules and more heat to manage, supporting demand for its materials.
It ties Jones Tech to a fast-growing technology cycle that expands the market for its thermal and shielding products.
Stake transfer registration completed, making Zhongji Innolight a major shareholder The 1.747 billion yuan transfer was registered on September 29, so Zhongji Innolight now officially holds over 5% of Jones Tech. The deal is done, not just planned. Jones Tech's first-half 2026 revenue rose 10.66% and profit rose 13.59%, and the stock is up over 122% this year.
Completion removes deal uncertainty and confirms the strategic partnership is real, a fresh milestone beyond the August announcement.