"Electric Eel Finance" electric eel number/text
"Electric Eel Finance" paid attention to the fact that Longsys' main business is the research and development, design, packaging and testing, manufacturing (SMT and packaging links, the same below) and sales of semiconductor storage application products. The company provides customers with memory chips and products for consumer electronics, data center, industrial, communications, automotive, security, monitoring and other industry application markets and consumer markets. At present, the company has four product lines: embedded storage, solid state drives, mobile storage and memory modules. By brand, the company has formed a FORESEE brand product matrix for the industrial market (To B) and a Lexar brand product matrix for the consumer consumer market (To C).
The data comes from Juchao Information
On August 5, 2022, Longsys was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. On March 22, 2023, Longsys released its first annual report since its listing, and in 2022, Longsys achieved operating income of 8.330 billion yuan, a year-on-year decrease of 14.55%; The net profit attributable to shareholders of listed companies in the same period was 72.797 million yuan, a year-on-year decrease of 92.81%.
Longsys Annual Report 2023
Recently, Longsys released its latest annual report, in 2023, the company's operating income will be 10.125 billion yuan, a year-on-year increase of 21.55%, but the net profit attributable to shareholders of listed companies will be -828 million yuan, a year-on-year decrease of 1237.15%.
As for the main reasons for the changes in the company's operating conditions in 2023, Longsys pointed out in its annual report that the sharp fluctuations in the memory chip industry pose a severe test to its operations. Affected by the slowdown in the global economic recovery and rising inflation, the demand for semiconductor storage products has declined due to weak end-market demand, especially the sluggish demand for important markets such as mobile phones and PCs that are affected by consumer spending. Since the second half of 2022, the pressure of high inventory in the end market has been transmitted upward to the semiconductor memory industry chain, resulting in a rapid decline in the unit price of memory chips, which has continued until the third quarter of 2023.
According to the CFM flash memory market, in the first half of 2023, the NAND Flash market composite price index fell by 27.6%, and the DRAM market composite price index fell by 29.6%. According to the financial data released by Samsung, Hynix, Micron and other companies, the original international storage factories will also suffer significant losses in the first half of 2023.
On the other hand, in 2023, Longsys' expenses during the period will be 1.586 billion yuan, an increase of 718 million yuan or 82.64% over the same period of the previous year, of which R&D expenses will reach 594 million yuan, a year-on-year increase of 66.74%; The amount of share-based payment in R&D expenses was 111 million yuan.
Longsys also pointed out in the annual report that in the future, the company will be based on the memory semiconductor industry and aim to become an international memory brand enterprise. In terms of R&D, the company maintained a high level of R&D investment, and further consolidated the company's technology and product capabilities from the dimensions of wafer analysis, memory design, firmware R&D, testing capabilities, and self-developed chips. In terms of manufacturing, we will integrate advanced packaging and testing technologies, improve the layout of the global manufacturing business chain, improve product quality and delivery efficiency, and enhance product innovation capabilities and comprehensive competitiveness. In terms of brand, we will adhere to the brand as the carrier, increase brand marketing and improve user stickiness by enriching the connotation of our own brand, and enhance the added value of the brand. At the same time, the company will actively expand overseas markets and accelerate the global layout.
Longsys 2024 first quarter report
"Electric Eel Finance" also paid attention to the fact that the first quarter report of 2024 released by Longsys showed that in the first quarter of this year, the company achieved operating income of 4.453 billion yuan, a year-on-year increase of 200.54%; The net profit attributable to shareholders of the listed company was 384 million yuan, an increase of 236.93% year-on-year and 598.33% month-on-month.
In 2024, whether the industry environment in which Longsys is located can be improved and whether the company can get rid of the predicament of losses, "Electric Eel Finance" will continue to pay attention.