Shenzhen Longsys Seeks $801M Hong Kong Listing After AI Boom Drives 71,000% Profit Surge

Shenzhen Longsys Electronics is preparing a secondary listing on the Hong Kong Stock Exchange to raise roughly HK$6.27 billion ($801M). The company reported a 71,000% year-on-year increase in half-year net profits for the first half of 2026, driven directly by global AI infrastructure demand. Longsys plans to offer 26.1 million H shares at a maximum price of HK$240.60, marking the semiconductor memory sector's first dual A+H listing. About 70% of the firm's revenue comes from outside mainland China, supplying clients like Dell, Lenovo, Samsung, and Xiaomi. Approximately 78.3% of the net proceeds will be directed toward research and development in advanced chip design and memory products.