Shenzhen Longsys Electronics Co., Ltd. (Stock Code: 301308) completed the IPO procedures on August 5 and debuted on the ChiNext board. The Company’s listing on the Shenzhen Stock Exchange (SZSE) marks a new stage in its development.
The ceremony was attended by a group of executives and guests who rang the opening bell together.
Longsys Chairman and CEO Hubo Cai stated in his speech that joining the ChiNext board is an important milestone for Longsys’ development, providing “a broad platform” for Longsys’ future prosperity and growth. Longsys will continue to embrace its enterprising spirit, strengthen storage R&D and product innovation, comprehensively enhance its core competitiveness, expand its shares in domestic and overseas markets, and strive to become a comprehensive storage brand with global presence, using this opportunity as a new starting point.
Shenzhen Longsys Electronics Co., Ltd. (“Longsys” or “the Company”), a Chinese storage enterprise founded in 1999, has focused on the R&D, design, and sales of flash and DRAM products. Longsys now has four product lines: embedded storage, SSD, mobile storage, and memory modules. It has two storage brands: FORESEE for the TO B market and Lexar for the TO C market, and it offers software and hardware application solutions for consumer, industrial, and automotive storage and memory products. Longsys’ market position and market share are steadily improving as a result of differentiated and diverse competitive advantages.
Longsys’ operating income from 2019 to 2021 was US$830 million, US$1.055 billion, and US$1.512 billion, respectively, while its net profit was US$18.48 million, US$40.07 million, and US$157 million.
Longsys has developed core technical competitiveness in firmware algorithm development, memory chip testing, integrated packaging design, storage product customization, and other fields as a result of years of high R&D investment and technological innovation, as well as the close cooperation of R&D teams in Shenzhen, Zhongshan, Shanghai, Chengdu, and other locations. Longsys had established a technical R&D team of over 800 specialists as of December 31, 2021, and had obtained 438 valid domestic and international patents, 105 of which were international. The Company will continue to increase its investment in various R&D resources in the future to further consolidate its technological leadership.
Longsys will continue to build FORESEE and Lexar after going public, as well as expand its global footprint and brand influence. Longsys will strive to realize its vision of “Everything for memory” with its newly acquired strength, adhering to the core values of practicality, independent innovation, and joint entrepreneurship, and fulfilling the development mission of brand, quality, morality, and exceeding customer expectations. The Company will focus on major R&D projects of enterprise-grade and industrial-grade storage and memory products with the assistance of the capital market in order to better grasp market opportunities, seize strategic commanding heights in the industry, accelerate the construction of an independent storage industry ecosystem, and further build Longsys into an internationally comprehensive storage brand enterprise.
