HK Stock Market Move | Shenzhen Longsys Electronics (09976) rose over 5% in early trading amid policy support for developing advanced storage capacity; the company is a leading domestic storage module manufacturer.

Shenzhen Longsys Electronics (09976) rose over 5% in early trading. As of press time, it was up 5.46% at HK$189.3, with a turnover of HK$22.699 million. On the news front, the Ministry of Industry and Information Technology and the National Development and Reform Commission recently issued the "15th Five-Year Plan for the Development of the Electronic Information Manufacturing Industry." The plan mentions accelerating the development of advanced storage capacity, promoting computing through storage and computing substitution through storage, upgrading the technical level of distributed and hyper-converged storage systems, and improving tiered and layered data storage architectures and storage protocols. It also calls for breakthroughs in technologies such as intelligent tiered storage, data sparsification optimization, and key-value caching, and the development of new storage products including high-bandwidth flash, high-bandwidth memory, ferroelectric memory, resistive memory, and magnetoelectric memory. Huatai noted that Shenzhen Longsys Electronics is a leading domestic storage module manufacturer, fully benefiting from the AI-driven upcycle in storage demand. Its leading enterprise-level and overseas business layout provides greater growth elasticity, while it continues to invest in self-developed controller chips and deepen the TCM/PTM model to consolidate its competitive advantages. Huatai maintained its "Buy" rating. As storage price increases in the second quarter exceeded previous expectations and market sentiment remains strong, Huatai raised its revenue forecasts for the company over the next three years.