Longsys’ initial public offering of shares officially landed on the A-share ChiNext Board of the Shenzhen Stock Exchange

On August 5, 2022, Shenzhen Longsys Electronics Co., Ltd. (hereinafter referred to as “Longsys” or the “Company”) successfully listed on the A-share Growth Enterprise Market in its initial public offering and was officially listed on the Shenzhen Stock Exchange with the stock code of “301308” marks that the company has entered a new stage of development.

Cai Danhong, deputy head of the Nanshan District People’s Government of Shenzhen City, Li Bo, member of the Investment Banking Committee and Managing Director of China Securities Co., Ltd., and Chen Chen, the managing partner and chairman of the investment committee of Yuanhe Puhua Investment Management Co., Ltd., and a director of Longsys Datong, Cai Huabo, chairman and general manager of Shenzhen Longsys Electronics Co., Ltd., Zhu Yu, director, deputy general manager, and chief financial officer, and Wang Jingyang, director and deputy general manager, rang the opening bell together.

740 (rings the opening bell)

Tang Rui, member of the Party Committee and Deputy General Manager of Shenzhen Stock Exchange, pointed out in his speech that Longsys’ listing on the Growth Enterprise Market today will further improve the integrated circuit industry chain in Shenzhen, strengthen and highlight the integration effect of the integrated circuit industry in the capital market, and will help implement a high level of financial support. Technological self-reliance is of great significance.

740 (Tang Rui, Member of the Party Committee and Deputy General Manager of Shenzhen Stock Exchange)

Cai Danhong, deputy head of the People’s Government of Nanshan District, Shenzhen, pointed out in his speech that Longsys, as a representative of an outstanding private enterprise rooted in and growing up in Nanshan District, focuses on storage products and application innovation, and has a leading position in the domestic memory field. It is hoped that Longsys will base itself on a new starting point, seize new opportunities, carry forward the past and forge ahead, and make persistent efforts to make greater contributions to the development of the domestic memory industry.

740 (Cai Danhong, deputy head of the Nanshan District People’s Government of Shenzhen City)

Li Bo, member of the Investment Banking Committee and Managing Director of China Securities Co., Ltd., pointed out in his speech that Longsys has invested long-term R&D resources in product innovation, firmware development, memory chip testing, integrated packaging design, etc., technical strength and market size. With outstanding advantages, the company’s products and brands are widely favored by the market. In the new development stage, Longsys will continue to focus on technology research and development and product innovation with the help of the capital market, and continue to make efforts to high-end and international semiconductor storage enterprises.

740 (Li Bo, member of the Investment Banking Committee and Managing Director of China Securities Co., Ltd.)

Cai Huabo, Chairman and General Manager of Shenzhen Longsys Electronics Co., Ltd., pointed out in his speech that Longsys’ official listing on the Growth Enterprise Market today is an important milestone in the company’s development process and provides a broad platform for the company’s further development and growth. The company will take the listing as a new starting point to start the company’s second entrepreneurship, continue to strengthen storage research and development and product innovation, comprehensively enhance core competitiveness, and continuously expand domestic and overseas market shares, and strive to become a comprehensive storage brand with international influence. enterprise.

740

(Cai Huabo, Chairman and General Manager of Shenzhen Longsys Electronics Co., Ltd.)

Shenzhen Longsys Electronics Co., Ltd., as a domestic storage company, was established in 1999 and has been focusing on the research and development, design and sales of Flash and DRAM memories. Over the years, the company has built four product lines of embedded storage, solid state drives, mobile storage and memory sticks. It has two storage brands, FORESEE in the TO B market and Lexar in the TO C market. The software and hardware application solutions of standard-grade and automotive-grade memory have formed differentiated and diversified competitive advantages, and continued to improve market position and market share.

From 2019 to 2021, Longsys’ operating income was RMB 5.721 billion, RMB 7.276 billion and RMB 9.749 billion respectively, with a compound annual growth rate of 30.54%; net profit was RMB 127 million, RMB 276 million and RMB 1.013 billion respectively. The compound annual growth rate reached 182.42%.

Relying on years of high R&D investment and technological innovation, Longsys has formed core technical competitiveness in firmware algorithm development, memory chip testing, integrated packaging design, and storage product customization through the linkage of R&D teams in Shenzhen, Zhongshan, Shanghai, Chengdu and other places. As of December 31, 2021, Longsys has established a technical R&D team of more than 800 people, and has obtained 438 valid domestic and overseas patents (105 overseas patents). In the future, the company will continue to increase investment in various research and development resources to further consolidate its technological leadership.

After the listing, Longsys will continue to deepen the dual brand building of FORESEE and Lexar, and expand its global layout and brand influence. Adhering to the core values ​​of “pragmatic duty, independent innovation and joint entrepreneurship”, fulfilling the development mission of “brand quality and morality exceeding customer expectations”, and striving to realize the vision of “making storage everywhere” on the new platform. With the help of capital, the company focuses on the development of major R&D projects of enterprise-level and industrial-level memory, so as to better grasp market opportunities, seize the commanding heights of the industry strategy, and accelerate the construction of an independent storage industry ecosystem to further build an international comprehensive storage brand. enterprise.

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