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Longsys Completes the IPO Procedures and Lands on ChiNext Board of SZSE

Shenzhen Longsys Electronics Co., Ltd. (Stock Code: 301308) finished the IPO procedures and landed on ChiNext board on August 5. Being listed on the Shenzhen Stock Exchange (SZSE) marks a new development stage for the Company. 

A group of executives and guests attended the ceremony and rang the opening bell together. 

In his speech, Longsys Chairman and CEO Huabo Cai pointed out that landing on the ChiNext board is an important milestone for Longsys's development, providing "a broad platform" for Longsys's further prosperity and growth. Taking this opportunity as a new starting point, 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 worldwide presence. 

Established in 1999, the Chinese storage enterprise Shenzhen Longsys Electronics Co., Ltd. ("Longsys" or "the Company" for short) has been focusing on the R&D, design, and sales of flash and DRAM products. Longsys now offers four product lines: embedded storage, solid-state drive (SSD), mobile storage, and memory module. It has two storage brands: FORESEE for the TO B market and Lexar for the TO C market, providing software and hardware application solutions for consumer-grade, industrial-grade, and automotive-grade storage and memory products. With differentiated and diversified competitive advantages, Longsys is improving its market position and market shares persistently.

From 2019 to 2021, Longsys's operating income was US$830 million, US$1.055 billion, and US$1.512 billion respectively, while its net profit in these three years was US$18.48 million, US$40.07 million, and US$157 million respectively. 

By virtue 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 places, Longsys has developed core technical competitiveness in firmware algorithm development, memory chip testing, integrated packaging design, storage product customization, and other fields. As of December 31, 2021, Longsys has established a technical R&D team of more than 800 specialists, and has obtained 438 valid domestic and overseas patents, 105 of which are overseas ones. In the future, the Company will continue to increase investment in various R&D resources to further consolidate its technological leadership. 

After going public, Longsys will continue to build FORESEE and Lexar, and expand its global footprint and brand influence. 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, Longsys will strive to realize its vision of "Everything for memory" with its newly gained strength. With the help of the capital market, the Company will focus on major R&D projects of enterprise-grade and industrial-grade storage and memory products 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.

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Company Name: Longsys
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Phone: +86-755-86168848
Country: China

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