Shenzhen Longsys Electronics Co. Ltd. A

Xingyun Technology announced on the evening of September 3 that it has signed a Computing Power Leasing Agreement with a VD client to provide computing power resource leasing services for a term of five years, with a total tax-inclusive amount of 921.6 million yuan. The VD client is an A-share listed company with sound contract performance capability. The company said the agreement's performance is expected to have a certain impact on future operating results and does not create reliance on the counterparty. In addition, analog chip giant Texas Instruments circulated a price adjustment notice on September 1, implementing a new round of price increases for multiple products. This is its third round of price hikes this year, following increases in March and May. STMicroelectronics, Analog Devices, Maxscend Microelectronics and several other manufacturers have also adjusted prices. Driven by AI, the semiconductor industry has entered a cycle of rising volumes and prices. WSTS forecasts the global analog chip market will reach 86.519 billion US dollars in 2025, up 8.7 percent year on year. In the first half of the year, A-share semiconductor companies posted combined net profit attributable to the parent of 160.506 billion yuan, up 607.2 percent year on year, with seven stocks including Longsys and Puya Semiconductor growing more than 1,000 percent.

Shenzhen Longsys Electronics, a Chinese semiconductor company, is seeking up to HK$6.28 billion, or about $800 million, from a Hong Kong share sale, with an upsize option that could lift the deal to $1.06 billion. The memory chipmaker, which already trades in Shenzhen, is offering about 26 million shares at a maximum price of HK$240.60 each, a 45% discount to its mainland close of 376.88 yuan on Friday. The company expects to set the final offer price on September 4, publish allocation results by September 7, and begin trading of its H shares on September 8. The listing follows a half-year net profit surge of over 71,000%, driven by soaring memory prices, with revenue reaching 24.1 billion yuan. About 78.3% of net proceeds will fund research and development, and cornerstone investors, including Lenovo, Transsion International, CITIC Securities Asset Management, and Lens Technology, have agreed to take 18.89% of the shares. Longsys is the smaller deal in a larger memory-sector capital-raising wave, as CXMT raised 66.6 billion yuan, or about $9.9 billion, last month, and SK Hynix issued new shares in July to raise roughly $26 billion.

As of August 26, 3,104 listed companies have released their 2026 half-year reports. Among them, 1,676 saw net profit rise year on year, while 1,428 saw it fall. Operating revenue increased for 2,055 companies and declined for 1,048. Companies where both net profit and operating revenue grew include Longsys and 1,357 others, while those where both profit and revenue fell include Taiji Computer and 729 others. A total of 523 companies saw their results more than double, with Longsys posting the largest increase at 71,528.66 percent.

Shenzhen Longsys Electronics has passed the listing hearing of the Hong Kong Stock Exchange, with CITIC Securities and Citi as joint sponsors. If it successfully lists, Longsys will become the first independent memory company in China to be listed on both A-shares and H-shares. The company's previously disclosed 2026 interim report shows first-half revenue of 24.088 billion yuan, up 136.26 percent year on year, and net profit attributable to the parent of 10.577 billion yuan, a surge of 71,528.66 percent year on year. The prospectus shows that Longsys Electronics was founded in 1999 and listed on the Shenzhen Stock Exchange on August 5, 2022. It is engaged in the research, development, design and sales of flash and DRAM memory, with four product lines: embedded storage, mobile storage, solid-state drives and memory modules. Based on 2025 storage product revenue, the company is the world's second-largest independent semiconductor memory maker and China's largest independent memory maker, holding a 1.2 percent share of the global storage product market in 2025. During the reporting period, Longsys revenue was 10.125 billion yuan, 17.46 billion yuan and 22.766 billion yuan respectively, while annual profit was minus 837 million yuan, 505 million yuan and 1.5 billion yuan respectively. As of the end of 2025, Longsys had short-term borrowings of 5.245 billion yuan, long-term borrowings of 4.377 billion yuan, and cash and cash equivalents of only 1.478 billion yuan.

As of August 13, 278 companies have released their 2026 half-year reports, with 80 of them doubling their earnings growth. According to statistics from Securities Times Data Treasure, 205 companies saw year-on-year net profit growth, while 73 saw declines; 223 companies reported year-on-year revenue growth, while 55 saw declines. A total of 185 companies, including Longsys, achieved growth in both net profit and revenue, while 35 companies, including Beiken Energy, saw declines in both. The largest earnings increase came from Longsys, whose net profit surged by 71,528.66 percent year-on-year.

On the evening of August 11, several listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Foxconn Industrial Internet achieved a net profit attributable to shareholders of 23.74 billion yuan in the first half of 2026, a year-on-year surge of 96%, breaking through the 20 billion yuan mark for the first time. Revenue reached 557.86 billion yuan, up 54.6% year-on-year, both setting new historical highs. Within this, revenue from the cloud computing segment grew 75.7% year-on-year, and shipments of AI servers and networking products multiplied. Yuanjie Technology plans to invest approximately 4.268 billion yuan to build a production line for laser chips and other industrialization bases. Qiangrui Technology plans to raise no more than 1.05 billion yuan through a private placement for projects including precision liquid cooling components for AI servers and precision parts for high-end semiconductor equipment. Yaben Chemical plans to raise no more than 841 million yuan through a private placement for projects such as high-end pharmaceutical intermediates and active pharmaceutical ingredients. Nation Technologies announced that starting October 1, 2026, it will raise prices on some products by 10% to 20%. Longsys has obtained a commitment letter from China Construction Bank for a special stock buyback loan of no more than 720 million yuan. Huayang Group's Huizhou Dongxing factory expansion project for optical modules and liquid cooling heat dissipation components is about to go into production. Pengling Co. has made phased progress in the liquid cooling field, and its energy storage liquid cooling business has already achieved deliveries. Titanium Energy Chemical plans to have its wholly-owned subsidiary invest 5.462 billion yuan to build a project with an annual output of 600,000 tons of lithium iron phosphate and sodium iron phosphate precursors. Biwin Storage plans to repurchase shares worth 200 million to 250 million yuan for capital reduction, with a repurchase price not exceeding 468.24 yuan per share.

Longsys released its 2026 semi-annual report, achieving operating revenue of 24.088 billion yuan, up 136.26 percent year-on-year, with net profit attributable to shareholders of the listed company at 10.577 billion yuan, a jump of 71,528.66 percent. The company plans not to distribute cash dividends, while proposing to repurchase shares using its own or self-raised funds, with a total amount of no less than 400 million yuan and no more than 800 million yuan, at a repurchase price not exceeding 735 yuan per share, for equity incentives or employee stock ownership plans. Previously, the company completed a private placement, actually issuing 6.6071 million shares at an issue price of 560 yuan per share, raising total proceeds of 3.7 billion yuan, directed toward projects such as AI high-end memory R&D and industrialization. Driven by a super cycle in the memory industry, the company's performance has grown rapidly since the third quarter of 2025, with net profit attributable to the parent company in the second quarter of 2026 expected to hit a record high, and the first-quarter gross margin reaching 55.53 percent, also a record high.

Jangho Group disclosed its first-half 2026 results, achieving operating revenue of 10.824 billion yuan, up 15.90% year-on-year, and net profit attributable to shareholders of the listed company of 441 million yuan, up 34.34% year-on-year. Jianxin Chemical reported net profit of 47.8701 million yuan for the same period, surging 790.27% year-on-year, with operating revenue of 360 million yuan, up 51.42% year-on-year. Foxconn Industrial Internet posted first-half net profit of 23.74 billion yuan, up 95.99% year-on-year, and operating revenue of 557.861 billion yuan, up 54.63% year-on-year. Yongjie New Materials shareholders Qianhai Equity Fund, Zhongyuan Qianhai Fund, and Qilu Qianhai Fund plan to collectively reduce their holdings by no more than 5.9441 million shares, representing 3% of total share capital. Biwin Storage intends to use 200 million to 250 million yuan of its own or self-raised funds to repurchase shares for capital reduction, with a repurchase price not exceeding 468.24 yuan per share. Longsys has obtained a commitment letter from China Construction Bank Shenzhen Branch for a special share repurchase loan of up to 720 million yuan, following the company's earlier plan to repurchase shares worth 400 million to 800 million yuan for equity incentives. Chunxing Precision was sued over a subsidiary's loan contract dispute, involving principal of 166 million yuan plus interest, with the company bearing joint guarantee liability. Anhui Construction Engineering Group Vice General Manager He Hongchun has been detained and resigned from his position; the company stated that this does not affect daily operations. Sinomach Automobile's investee company Xinbang Kechuang has been accepted by the court for bankruptcy liquidation filing, and the company has already adjusted the carrying amount of its long-term equity investment in Xinbang Kechuang to zero. Golden Laser's actual controller Liang Wei was sentenced to three years and nine months in prison in the final trial for market manipulation, fined 12 million yuan, and ordered to disgorge illegal gains; during the manipulation period, he cashed out approximately 115 million yuan through share reductions.

Several companies released important announcements today. Unitree Technology announced the final online subscription lottery rate for its STAR Market IPO at 0.01809759%, with an issue price of 150.80 yuan per share. Longsys disclosed its 2026 semi-annual report, achieving a net profit of 10.577 billion yuan, a year-on-year increase of 71,528.66%, and plans to repurchase shares with 400 million to 800 million yuan. Elegant Home, which hit the daily limit for 12 out of 11 trading days, announced that its stock price rose 185.56% over 11 trading days, and trading was suspended again for review just three trading days after resumption. The lottery numbers for the year's most expensive new stock, Precisive Laser, were drawn, totaling 6,423 winning numbers, with an issue price of 186.88 yuan per share. Gan & Lee Pharmaceuticals authorized Menarini the commercialization rights for the overweight or obesity indication of Bofangglutide in 27 EU countries and other regions, with milestone payments of up to 664 million euros. United Nova Technology reported a half-year net profit of 278 million yuan, turning losses into profits year-on-year. Construction Machinery plans to acquire 100% equity of Pucheng Clean Energy Company, and its stock was suspended. In addition, GigaDevice's subsidiary invested 100 million US dollars to subscribe for private equity fund shares. The upper-level equity structure change of Shanshan's controlling shareholder was completed, with Conch Group becoming the indirect controlling shareholder. Easyhome's actual controller changed to Yang Fang.

Longsys is presenting its Edge AI Storage Fusion showcase at the Future of Memory and Storage 2026 in San Jose, spanning AI Agent Hosts, AI PCs, and AI Mobile embedded devices. For AI Agent Hosts, the company partnered with AMD to integrate AIDIMM high-bandwidth memory, the iSA scheduling engine, and AISSD, demonstrating smooth operation of 70B-, 80B-, and 122B-parameter models on just 64GB of AIDIMM memory. In AI PCs, Longsys' 5nm SPU powers a DRAM-less PCIe Gen5 SSD achieving 14.8 GB/s sequential read and 13 GB/s write at under 6.3W, while its PCIe Gen5 mSSD reaches 11 GB/s read and 10 GB/s write. For AI Mobile, HLCache UFS technology boosted background app capacity by 64% and cut DRAM usage by 20% on a Google Pixel 7a, and AILPBGA delivers a 256-bit, 307GB/s embedded memory solution in a compact 22-by-22-millimeter package. Longsys operates a multi-brand strategy including Lexar and Zilia, supporting localized production and delivery worldwide.

Jiangbolong's controlling shareholder, actual controller, chairman and general manager Cai Huabo has proposed using its own or self-raised funds to repurchase company shares through centralized bidding. The total repurchase amount will be no less than 400 million yuan and no more than 800 million yuan. The repurchased shares will be used for equity incentives or employee stock ownership plans. The company stated that this move is based on confidence in future development and recognition of the company's value, aiming to establish a sound long-term incentive mechanism. Previously, the company's semi-annual performance forecast for 2026 showed that net profit attributable to the parent company in the first half of the year is expected to be between 9.2 billion and 11 billion yuan, a year-on-year increase of 62,204.03% to 74,393.95%, mainly benefiting from the improved global semiconductor storage industry prosperity and the renewal of supply agreements with several major storage wafer foundries. As of the close on July 23, Jiangbolong's stock price was 375.85 yuan per share, with a total market value of 159.007 billion yuan.

Puya Semiconductor released its half-year performance forecast, estimating net profit attributable to parent company owners for the first half of 2026 at approximately 825 million yuan, a year-on-year increase of 1,925.36%. The company said it benefited from global AI computing infrastructure build-out, with simultaneous improvements in volume and pricing for general-purpose memory chips, while new analog products such as MCUs and drivers gradually penetrated industrial control and AIoT sectors and achieved scale shipments. ChangXin Memory Technologies announced it will list on the STAR Market on July 27, with an issue price of 8.66 yuan per share and total post-IPO share capital of 66.881 billion shares. Yunnan Lincang Xinyuan Germanium Industry's controlling subsidiary Yunnan Xinyao signed an indium phosphide wafer supply agreement, with an estimated total contract value of 570 million to 855 million yuan, accounting for 53.48% to 80.23% of the company's 2025 audited revenue. Avary Holding plans to invest 10 billion yuan to build a third Shenzhen campus, constructing an AI high-end substrate-like PCB and flexible circuit board intelligent manufacturing base project. Longsys's controlling shareholder proposed a share buyback of 400 million to 800 million yuan for equity incentives or employee stock ownership plans.

As of July 22, 118 ChiNext-listed companies have released their first-half earnings forecasts, with 88 expecting profit growth, accounting for 74.58 percent. A total of 97 companies issued positive forecasts, representing 82.20 percent. Based on the median estimated net profit growth, 51 companies expect growth exceeding 100 percent, while 26 anticipate growth between 50 and 100 percent. Longsys posted the highest median net profit growth estimate at 68,298.99 percent, followed by Fushine Pharmaceutical and Tianhua New Energy with growth of 2,845.50 percent and 2,578.97 percent respectively. Companies expecting profits to double are mainly concentrated in electronics, electrical equipment, and machinery sectors, with 15, 9, and 6 stocks respectively. In terms of market performance, stocks expecting profits to double have risen an average of 49.43 percent this year, with Xingyun Technology, International Composites, and Changchuan Technology leading the gains at 395.23 percent, 325.90 percent, and 214.03 percent respectively.

As of July 13, 45 ChiNext-listed companies have released their first-half earnings previews. Among them, 37 forecast profit growth and 4 expect to turn profitable, bringing the combined positive ratio to 91.11 percent. Based on the median estimated net profit growth, 25 companies are projecting increases exceeding 100 percent. Longsys leads with a surge of 68,298.99 percent, followed by Fushine Pharmaceutical and Tianhua New Energy in second and third place with gains of 2,845.50 percent and 2,578.97 percent respectively. Stocks expected to double their earnings are concentrated in sectors such as electronics, power equipment, and computing, with 9, 4, and 3 names respectively. In terms of market performance, these doubling stocks have risen by an average of 85.93 percent year-to-date. Xingyun Technology, Changchuan Technology, and Han's CNC led the gains, surging 359.82 percent, 247.92 percent, and 183.69 percent respectively.

Longsys released its 2026 half-year earnings forecast, projecting attributable net profit of 9.2 billion to 11 billion yuan, a year-on-year increase of 62,204.03% to 74,393.95%, compared with 14.7663 million yuan in the same period last year. Boosted by rising downstream demand and limited growth in global memory wafer capacity, the global semiconductor memory industry cycle has improved. Meanwhile, the company renewed supply agreements with several major memory wafer foundries, securing wafer supply. Guided by its self-developed chips and software architecture, Longsys supports on-device AI memory needs and completed joint optimization with AMD, enabling SSD storage agents to reduce DRAM usage for on-device AI products by about 40%. After the earnings forecast was released, Longsys shares briefly surged nearly 15% to 692.8 yuan, giving it a total market capitalization of 293.1 billion yuan.

Memory chip concept stock Longsys issued an earnings forecast, estimating first-half 2026 net profit attributable to the parent at 9.2 billion to 11 billion yuan, a year-on-year increase of 62,204% to 74,394%. In related news, reports that Samsung plans to raise DRAM prices by 20% in the third quarter are true, and Samsung has already notified some customers via verbal quotes. Affected by this, memory chip concepts opened sharply higher, with Longsys surging over 10%, and the stock currently ranks first on the Hithink RoyalFlush popularity leaderboard. In addition, the education sector strengthened in early trading, with Offcn Education hitting its daily limit up at the open.

The A-share market welcomed a string of positives over the weekend. The new trading rules of the Shanghai, Shenzhen and Beijing stock exchanges will take effect on 6 July. Key changes include extending after-hours fixed-price trading to all A-shares and exchange-traded funds, switching the Shanghai bourse’s fund closing to a call auction, and adjusting the daily price limit for main-board risk-warning stocks from 5 percent to 10 percent. The memory chip price rally continues. TrendForce expects conventional DRAM contract prices to rise 13 to 18 percent quarter-on-quarter in the third quarter of 2026, and NAND flash contract prices to climb 10 to 15 percent quarter-on-quarter. Several A-share companies issued positive profit alerts. Eastern Shenghong forecasts first-half 2026 net profit attributable to shareholders of the listed company at 4.2 billion to 5 billion yuan, a year-on-year increase of 987.39 percent to 1,194.51 percent. Longsys expects first-half net profit of 9.2 billion to 11 billion yuan, surging 62,204 percent to 74,394 percent year-on-year. The latest broker research suggests the AI industry trend has not been falsified, and the market structure may shift from concentrated positioning to a broader rally. In the short term, investors can focus on the twin themes of a tech recovery and interim earnings.

Longsys expects net profit of 9.2 billion to 11 billion yuan in the first half of 2026, a year-on-year increase of 62,204% to 74,394%, mainly benefiting from the global semiconductor storage industry upcycle, rising downstream demand and the renewal of wafer supply agreements. Hangzhou Cable expects first-half net profit of 360 million to 400 million yuan, up 852% to 958% year-on-year, as optical fibre sales grew with the industry recovery. Dongyue Silicone expects first-half net profit of 424 million to 444 million yuan, up 905% to 952% year-on-year, as higher silicone product prices and lower raw material costs boosted gross margins. Huafu Fashion expects first-half net profit of 160 million to 200 million yuan, up 538% to 697% year-on-year, with order recovery and investment income of about 160 million yuan. CECport expects first-half net profit of 500 million to 530 million yuan, up 176% to 193% year-on-year, as rising prices of core products such as memory drove revenue growth. Avary Holding plans a private placement to raise no more than 9.6 billion yuan for AI server and high-speed optical module high-density interconnect build-up board projects, with total investment of 12.73 billion yuan. Tinci Materials subsidiary Nantong Tinci terminated its annual 243,000-tonne lithium battery and fluorine-containing new materials project, originally planned with an investment of 2.654 billion yuan, due to industry supply-demand mismatch and market changes. PowerTECH plans to acquire all equity of Northstar Technologies Limited for 10 million US dollars to fill the gap in its storage testing business. Dynamic Power has suspended trading since 6 July due to a planned change of control. Gotion High-tech's wholly-owned subsidiary generated a profit of 829 million yuan from selling shares of Tongguan Copper Foil in the first half. Grace Fabric's second and third largest shareholders together reduced their holdings by 8.7503 million shares. Changsheng Bearing, Reach Machinery, Yibin Paper, Riying Electronics, Zhongzhong Technology and Foresight Technology each issued abnormal movement announcements regarding concepts such as robotics, electronic skin and commercial aerospace, noting that related business revenue proportions are extremely low or no orders have been formed. Shenhao Technology plans to purchase servers for no more than 2 billion yuan to carry out computing power leasing. JPT Opto-electronics plans to acquire all equity of NEOPTICS for 1.12 million Singapore dollars. Yunnan Energy Investment plans to invest in the construction of a 100-megawatt, 400-megawatt-hour all-vanadium liquid flow independent shared energy storage project in Lijiang. East Money contributed 200 million yuan to participate in the Yunfeng Yuancheng private equity fund. Seagull Cooling's controlling shareholder plans to reduce holdings by no more than 3%. Hanbang Technology shareholders Shanghai WuXi and Qingke Zhisheng plan to reduce their combined holdings by no more than 3%. EVE Energy plans to opportunistically reduce its holding of no more than 3.5% of Smoore International shares. ST Niya expects first-half net profit to increase by 1,017% to 1,523% year-on-year. Zhongjin Lingnan expects first-half net profit to increase by 88% to 115% year-on-year. Digital China won the bid for a major state-owned bank's Huawei intelligent computing server procurement project, with an estimated amount of 371 million yuan. Times New Material signed wind turbine blade sales contracts worth 3.034 billion yuan in the second quarter. Jiangsu Huachen signed a 221 million yuan energy storage converter booster integrated machine sales contract. Naipu Mining Machinery signed a 76 million yuan mineral processing equipment supply contract. Sunho Biologics plans to raise no more than 240 million yuan for nucleic acid drug platform construction. Hybio Pharmaceutical's semaglutide injection weight loss indication marketing application was accepted. Changchun High-Tech subsidiary's GenSci164 injection clinical trial application was approved. Yunnan Germanium's deputy general manager Pu Shikun resigned.

Longsys issued a preliminary first-half earnings announcement, projecting net profit of 9.20 billion yuan to 11.00 billion yuan, representing a year-on-year increase of 62,204.03% to 74,393.95%. According to Securities Times Data Treasure, the stock closed at 618.02 yuan today, up 3.14%, with a daily turnover rate of 7.32% and trading volume of 12.666 billion yuan. It has fallen 9.06% over the past five trading days. On the capital flow front, main funds saw a net outflow of 144 million yuan today, and a net outflow of 3.237 billion yuan over the past five days. The latest margin trading balance stood at 9.219 billion yuan, with the financing balance at 9.175 billion yuan, down 2.11% from the previous trading day, and the financing balance has dropped a cumulative 1.37% over the past five days.

On the evening of July 3, several listed companies on the Shanghai and Shenzhen stock exchanges released significant positive announcements. Pengding Holding plans to raise no more than 9.6 billion yuan through a private placement for AI server and high-speed optical module high-density interconnect laminate projects. JPT plans to acquire all equity of NEOPTICS PTE. LTD. for 1.12 million Singapore dollars; the target company is engaged in the research, development, production, and sales of optical devices. Shenhao Technology and its subsidiaries plan to purchase servers from multiple suppliers, with the total contract amount expected not to exceed 2 billion yuan, to provide computing power leasing services to customers. Taihe Technology stated it is concentrating on advancing electronic chemical projects such as photoresist resins and high-purity solvents. Longsys expects a net profit of 9.2 billion to 11 billion yuan in the first half of 2026, a year-on-year increase of 62,204% to 74,394%, mainly benefiting from the storage industry boom, renewal of wafer supply agreements, and innovation in on-device AI storage technology. Huafu Fashion expects a net profit of 160 million to 200 million yuan in the first half of the year, a year-on-year increase of 537.51% to 696.88%, mainly due to rising cotton prices and increased investment income. Guotai Junan Securities released its first half-year performance forecast for brokerages, expecting a net profit attributable to the parent company of 20.003 billion to 20.511 billion yuan in the first half of the year, a year-on-year increase of 164% to 171%, setting a new record high for half-year performance. Dongyue Silicone expects a net profit of 424 million to 444 million yuan in the first half of the year, a year-on-year increase of 904.88% to 952.28%, benefiting from rising prices of silicone products and declining raw material costs. Hangzhou Cable expects a net profit of approximately 360 million to 400 million yuan in the first half of the year, a year-on-year increase of 852.03% to 957.82%, with both volume and price increases in demand for optical fiber products. A controlled subsidiary of Digital China won the bid for a Huawei intelligent computing server procurement project of a large state-owned commercial bank, with an estimated amount of 371 million yuan, supplying Digital China KunTai supernode servers.

On the evening of July 3, several listed companies released announcements. Riyong Electronics, Zhongzhong Technology, Changsheng Bearing, Fusai Technology, and Ruidi Zhiqu all clarified that their humanoid robot or embodied intelligence-related business revenue accounts for an extremely low proportion, has not yet formed orders, or is still in the early stages, with negligible impact on performance. In terms of earnings forecasts, Longsys expects first-half net profit of 9.2 billion to 11 billion yuan, a year-on-year increase of 62,204% to 74,394%, mainly benefiting from the storage industry boom and edge AI demand; Hangdian Cable, ST Niya, and Dongyue Silicone also expect substantial net profit growth. In addition, Power Source is planning a change of control and will suspend trading from July 6; Pengding Holdings plans a private placement to raise no more than 9.6 billion yuan for AI server and high-speed optical module projects; Digital China won a 371 million yuan server procurement project; EVE Energy plans to reduce its stake in Smoore International by no more than 3.5%.