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Goldman Sachs Raises Target Price for Zhongji Xuchuang to 2,581 Yuan

On July 17, Goldman Sachs released a report raising the 12-month target price for Zhongji Xuchuang (300308.SZ) from 1,187 yuan to 2,581 yuan, maintaining a 'Buy' rating. This adjustment is driven by three core factors: 1. Growth in module shipments based on silicon photonics technology, primarily propelled by the accelerated deployment of AI server racks. 2. Market expansion, extending from traditional scale-out to scale-up. 3. Upgrading of the product portfolio, transitioning to higher-speed and higher-value products, significantly enhancing the company's profitability.

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