Longsys: Q1 Revenue Grows 132.79% YoY, Returns to Net Profit

Longsys releases the first-quarter report for 2026 and annual report for 2025.

In the first quarter of 2026, the company achieved operating revenue of RMB 9.909 billion, representing a year-on-year increase of 132.79% and a quarter-on-quarter increase of 64.27%. Net profit attributable to shareholders of the listed company reached RMB 3.862 billion, compared with a loss of RMB 152 million in the same period last year, marking a turnaround to profitability both year-on-year and a quarter-on-quarter increase of 443.47%. After deducting non-recurring gains and losses, net profit attributable to shareholders of the listed company turned from a loss of RMB 202 million in the prior-year period to a profit of RMB 3.943 billion, representing a quarter-on-quarter increase of 386.50%.

During the reporting period, driven by the explosive demand for AI, the global semiconductor memory industry maintained high prosperity, creating a favorable external environment for the company. During this time, the company successfully renewed LTAs and MOUs with multiple original suppliers, deeply securing core supply chain resources and laying a solid resource foundation for long-term future development. Longsys stated that it has officially launched its mSSD product, which offers higher integration, better physical characteristics and comprehensive cost advantages with perfect match with traditional products in bandwidth and power consumption. The product has successfully entered the qualification and testing phase with leading PC manufacturers and is expected to achieve large-scale replacement of traditional SSD products in 2026.

In 2025, the company achieved operating revenue of RMB 22.766 billion, a year-on-year increase of 30.36%. Net profit attributable to shareholders of the listed company reached RMB 1.423 billion, a year-on-year increase of 185.41%. After deducting non-recurring gains and losses, net profit attributable to shareholders of the listed company was RMB 1.289 billion, a year-on-year surge of 674.08%.