Longsys: Net Profit in 2025 Expected to Increase by 150.66% to 210.82% YoY

Longsys released its performance forecast for 2025. Annual revenue is forcasted to reach range between 22.5 billion and 23 billion yuan, representing a YoY increase of 29% to 32%; net profit is projected to be between 1.25 billion and 1.55 billion yuan, with a YoY growth of 150.66% to 210.82%. During the reporting period, storage prices stabilized and rebounded after hitting low in the first quarter. By the end of the third quarter, due to the surge in demand for AI servers and the shift in original capacity of manufacturers toward enterprise-grade products, supply tightened  further, leading to sustainable price increase of memory. Based on its strategic focusing on high-end products, expansion in oversea market and advantages of its proprietary brands, Longsys achieved a turnaround from losses to profits in the first half of the year and steadily improved profitability in the second half year. Non-GAAP net profit for the fourth quarter is estimated to be approximately 650 million to 870 million yuan.