Shenzhen Longsys Electronics secures $903 million funding to boost AI data center technology expansion

Shenzhen Longsys Electronics raised about HK$7.08 billion ($903 million) in a Hong Kong share sale, as demand for data-storage products grows alongside investment in AI infrastructure and data centres.

The Shenzhen-listed company makes memory and data-storage products for smartphones, computers, data centres, vehicles and industrial equipment. Its main brands include FORESEE, Lexar and Zilia, according to its listing prospectus.

Longsys said demand for larger and faster data-storage products is being supported by the build-out of AI data centres and the addition of AI functions to smartphones, computers and vehicles.


The company plans to use most of the proceeds from the listing to expand research and development in chip design and advanced memory products.

Longsys’ net profit surged more than 260-fold to 10.7 billion yuan ($1.59 billion) in the first six months of 2026 from 41 million yuan in the year-earlier period, according to its prospectus. Revenue rose 136.3% year-on-year to 24.1 billion yuan during the period.

The company said higher prices for its memory products, driven by demand that outstripped supply amid investment in AI infrastructure and data centres, helped lift earnings.

Selling prices rose across its main product lines, even as sales volumes fell because higher raw material prices and tight supplies limited output and led some customers to delay purchases.

The listing adds to a series of Hong Kong share sales by Chinese companies linked to the AI boom, as demand for computing and data-centre infrastructure continues to drive investment in supporting technologies.