The volume of 1.6T products is accelerating! The investment bank once again raised the target price of Zhongji InnoLight to 1,650 yuan. News on June 12 Recently, Bank of America issued a research report, raising the target price of Zhongji InnoLight to 1,650 yuan from the previous 1,100 yuan (corresponding to a price-earnings ratio of 25 times in 2027). The previous target price was based on a price-earnings ratio of 30 times from the second half of 2026 to the first half of 2027. The report raises Zhongji InnoLight's profit forecast for 2026-2028 by 16%-70% to reflect the strong demand for 1.6T products in 2027 and the incremental contribution from new businesses. The report predicts that 1.6T and NPO products will contribute approximately 68% and 14% of the company's revenue respectively in 2027. The report predicts that demand for 1.6T products will further strengthen in 2027 and continue to 2028. We predict that global 1.6T optical module shipments will reach 20 million/56 million units respectively in 2026/2027, and Zhongji InnoLight's market share is expected to remain above 40% in 2027. In addition to 1.6T products, NPO is also a hot spot. The report predicts that the demand for NPO products will continue to increase in visibility in 2027. According to estimates, every 5 million NPO orders can bring an increase in profit of more than 10 billion yuan. At the same time, there is also increasing discussion in the market about Google s 2.4T Coherent-Lite solution, which is expected to be adopted first by Google. This shows that high-value coherent optical modules are evolving from cross-system interconnection to an expansion architecture within a single system