New Stock News | Shenzhen Longsys Electronics (301308.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

On September 17th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issue and Listing Filing of Shenzhen Longsys Electronics Co., Ltd." The company plans to issue no more than 84,419,800 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the prospectus, Shenzhen Longsys Electronics (301308.SZ) is a leading independent brand semiconductor memory manufacturer, providing complete storage value chain solutions. The company designs, manufactures, and sells NAND Flash and DRAM storage products for consumer, enterprise, and industrial applications. According to information from Verita Consulting, based on the revenue of storage products in 2023, Shenzhen Longsys Electronics is the second largest independent memory manufacturer in the world and the largest independent memory manufacturer in China, with the FORESEE brand ranking fifth among global independent brands based on B2B storage product revenue in 2023; based on revenue in 2023, the Reksha brand ranks second among global independent consumer storage product brands; based on revenue in 2023, in the storage product markets in Latin America and Brazil, the Zilia brand of Shenzhen Longsys Electronics ranks first among independent memory manufacturers. Shenzhen Longsys Electronics owns and operates three main brands: FORESEE and Zilia (serving the B2B market) and Reksha (serving the B2C market). FORESEE has been developed through over a decade of organic growth and has been selected as one of the "Top Ten Semiconductor Outstanding Brands" at the China IoT Conference for multiple years. According to information from Verita Consulting, based on revenue in 2023, Zilia is the largest independent storage brand in Brazil and Latin America. Reksha is a high-end brand globally acquired by Shenzhen Longsys Electronics in 2017. So far, products under the Reksha brand have been sold to more than 60 countries and regions.