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Longsys expects net profit attributable to shareholders of 14 billion to 14.9 billion yuan for the first three quarters of 2026, up 1,864.55% to 1,990.84% year on year; revenue is expected to be 38 billion to 40 billion yuan, up 127.08% to 139.03% year on year. The related report also mentioned that third-quarter net profit alone was about 3.423 billion to 4.323 billion yuan, down about 35.6% to 49.0% quarter on quarter, and the company said the marginal contribution of rising memory prices to profit has significantly slowed. The report also mentioned that Longsys's enterprise storage revenue in the first half of the year was 2.140 billion yuan, up 208.80% year on year, and said the storage industry is shifting from a consumer price cycle to an AI-driven technology cycle. This forecast currently comes from a single-source report, and there are no subsequent factual developments.
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Oct 16
Jiwei.com
Longsys Expects Up to 14.9 Billion Yuan Profit in First Three Quarters: Behind Nearly 20-Fold Profit Growth, the Memory Cycle Begins to Shift
Longsys expects a net profit attributable to shareholders of 14 billion to 14.9 billion yuan for the first three quarters of this year, up 1,864.55% to 1,990.84% year on year, with operating revenue of 38 billion to 40 billion yuan, up 127.08% to 139.03% year on year. However, net profit for the third quarter alone is about 3.423 billion to 4.323 billion yuan, down about 35.6% to 49.0% quarter on quarter. The company said the marginal contribution of rising memory prices to profitability has slowed significantly. In the first half of the year, Longsys's enterprise storage revenue was 2.140 billion yuan, up 208.80% year on year, and it said the memory industry is shifting from a consumer price cycle to an AI-driven technology cycle.