Shenzhen Longsys Electronics (301308) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥9.91 billion in Q1 2026, up 132.79% year-over-year, driven by strong AI-related demand in the global semiconductor storage sector.

• Net profit attributable to shareholders reached ¥3.86 billion, a 2,644.05% increase year-over-year; adjusted net profit (excluding non-recurring items) was ¥3.94 billion, up 2,051.40%.

• Flagship storage products (UFS4.1, ePOP4x, mSSD) achieved large-scale shipments and entered major global supply chains, including automotive and wearable tech sectors.

• Strategic partnerships and supply agreements with key upstream suppliers secured future resource stability.

Financial highlights

• Total assets at quarter-end were ¥35.95 billion, up 58.00% from year-end 2025.

• Shareholders’ equity rose 55.13% to ¥12.18 billion.

• Basic EPS was ¥9.21, compared to -¥0.37 in Q1 2025.

• Operating cash flow was -¥2.87 billion, down from ¥153 million in Q1 2025, mainly due to increased cash outflows for goods and services.

• Financing cash flow surged to ¥6.13 billion, reflecting increased borrowings.

Outlook and guidance

• AI-driven demand expected to sustain high industry growth; new storage products anticipated to replace traditional SSDs at scale in 2026.