Shenzhen Longsys Electronics (301308) investor relations material

Executive summary

• Q3 2026 revenue was RMB 14.63bn, up 123.74% YoY; attributable net income was RMB 3.745bn and adjusted net income RMB 4.162bn, up 832.09% YoY.

• 9M revenue reached RMB 38.72bn, up 131.37% YoY; attributable net income was RMB 14.322bn, up 1,909.68% YoY.

• Management cited tighter-than-normal memory supply and sustained high wafer prices, while emphasizing operating quality, differentiated technology and resilience as the market shifts toward AI-driven demand.

Financial highlights

• Q3 adjusted net income excluding share-based payment expenses was RMB 4.434bn, compared with RMB 4.162bn including those expenses.

• 9M adjusted net income was RMB 14.210bn, up 2,867.95% YoY; reported net income was RMB 14.489bn and operating profit RMB 17.255bn.

• Q3 non-recurring items were a net loss of RMB 417.6m, mainly reflecting fair-value changes in financial assets and liabilities; 9M non-recurring items were a net gain of RMB 111.9m.

• 9M financial expenses rose to RMB 741.4m from RMB 133.0m YoY, primarily due to exchange-rate effects; R&D expense increased to RMB 1.503bn from RMB 700.9m.

Outlook and guidance

• Management described operating indicators as improving, targeting stable, quality growth and stronger resilience amid a transition from consumer-memory price cycles to an AI-driven technology cycle.

• Q3 operating cash flow was RMB 877m, and the period-end asset-liability ratio was below 50%.