Shenzhen Longsys expects first-half net profit to surge to 9.2 billion yuan–11 billion yuan
AI Market Summary
Longsys' forecast for a >600x jump in 1H profit and doubling revenue signals a sharp upturn in the memory cycle, supported by AI-driven demand and constrained global DRAM/NAND wafer capacity. Renewed long-term wafer supply agreements suggest improved supply security and margin visibility. The update reinforces expectations of tighter memory supply and stronger pricing, likely lifting near-term sentiment across memory-linked equities and thematic ETFs.
Impact level
● Medium
Affected assets
NCSKDRAM2USD/USDT-7.77%
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▲ Bullish
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Shenzhen Longsys Electronics forecast 2024 first-half net profit attributable to shareholders of 9.2 billion yuan to 11 billion yuan, versus 14.8 million yuan a year earlier. The company said that implies year-on-year growth of 62,204% to 74,394%, and it expects revenue of 22 billion yuan to 25 billion yuan, up from 10.2 billion yuan. Longsys attributed the jump to stronger downstream demand and constrained growth in global memory wafer capacity, alongside renewed wafer supply agreements including long-term deals or memorandums of understanding.
