Shenzhen Longsys Electronics (301308) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥16.73 billion for the first nine months of 2025, up 26.12% year-over-year; Q3 revenue was ¥6.54 billion, up 54.60% year-over-year.

• Net profit attributable to shareholders for the first nine months was ¥712.63 million, up 27.95% year-over-year; Q3 net profit was ¥697.87 million, up 1,994.42% year-over-year.

• Excluding non-recurring items, net profit for the first nine months was ¥478.77 million, down 3.62% year-over-year; Q3 adjusted net profit was ¥446.57 million, up 1,162.09% year-over-year.

• Business expansion continued, with enterprise storage leveraging proprietary technology and overseas business maintaining high growth, especially in the Lexar brand and Brazilian subsidiary.

• Self-developed UFS controller chips surpassed 100 million units deployed, with new partnerships for UFS4.1 products.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit for the first nine months was ¥930.11 million.

• Basic EPS for the first nine months was ¥1.71, up 26.67% year-over-year; Q3 basic EPS was ¥1.67, up 1,955.56% year-over-year.

• Operating cash flow for the first nine months was ¥922.30 million, a significant turnaround from negative cash flow last year.

• Total assets at period end were ¥19.50 billion, up 15.42% from the previous year-end.

• Shareholders’ equity reached ¥7.53 billion, up 16.39% from the previous year-end.

Outlook and guidance

• Overseas business and strategic customer coverage expected to continue expanding.

• Ongoing investment in proprietary technology and product innovation to drive long-term competitiveness.

• UFS4.1 product line and international partnerships anticipated to support future growth.