Shenzhen Longsys Electronics Co.,Ltd. (SZSE: 301308), a leading storage company, has announced a significant share buyback proposal from its controlling shareholder and chairman, Cai Huabo.
Cai Huabo has proposed a share repurchase program involving between 400 million yuan and 800 million yuan. The buyback would be conducted through centralized bidding transactions using the company's own funds or self-raised capital. The repurchased shares are intended for use in future equity incentive plans or employee stock ownership schemes.
The company stated that this proposal is based on confidence in its future development and recognition of its intrinsic value. The goal is to establish a long-term incentive mechanism, boost employee motivation, and align the interests of shareholders, the company, and employees to promote sustainable growth.
On the evening of July 3, Shenzhen Longsys Electronics Co.,Ltd. (SZSE: 301308) released its semi-annual performance forecast for 2026, projecting net profit attributable to parent company shareholders between 9.2 billion yuan and 11 billion yuan for the first half of the year. This represents a staggering year-on-year increase of 62,204.03% to 74,393.95%.
Regarding the performance change, the company attributed it to increased downstream demand and limited global growth in memory wafer production capacity, which has boosted the global semiconductor memory industry's prospects. Additionally, Shenzhen Longsys Electronics Co.,Ltd. (SZSE: 301308) successfully renewed wafer supply agreements (LTA or MOU) with several major global memory wafer manufacturers, securing its supply chain.
Furthermore, the company has been leveraging self-developed chips (such as SPU controllers) and proprietary software architectures (like HLC) as technological drivers, supported by its in-house high-end packaging and testing capabilities. This approach aims to comprehensively address diverse end-side AI storage needs. Notably, in collaboration with AMD, the company achieved a technological innovation that reduces DRAM usage for end-side AI products by approximately 40% through its SSD storage agents and HLC technology.
Public information shows that Shenzhen Longsys Electronics Co.,Ltd. (SZSE: 301308) operates as a semiconductor storage brand enterprise, primarily engaged in the R&D design, packaging and testing, technical support, and sales of memory and controller chips.
Since the beginning of the year, the company's stock price has surged significantly. As of June 30, its share price had risen by 188% year-to-date. Looking back over the past year to June 30, the stock had skyrocketed by over 730%.
As of the close on July 23, shares of Shenzhen Longsys Electronics Co.,Ltd. (SZSE: 301308) were trading at 375.85 yuan, giving the company a total market capitalization of 159.007 billion yuan.
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