ECM

Longsys (江波龙) A+H Pre-IPO: Early Thoughts

26 Aug 2026 By Ke Yan, CFA
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Abstract: Longsys, a branded memory-module maker, is seeking an A+H listing. CITIC and Citi are the joint sponsors. We look at the company's four core segments: embedded storage, SSDs, mobile storage and DIMM. We discuss our preliminary thoughts on the company's valuation based on the A-H premium.

SHENZHEN LONGSYS ELECTRONICS (301308 CH) SHENZHEN TECHWINSEMI TECHNOLOGY (001309 CH) Samsung Electronics (005930 KS) NETAC TECHNOLOGY (300042 CH) TOYOU FEIJI ELECTRONICS (300302 CH) GIGADEVICE (3986 HK) GIGADEVICE SEMICONDUCTOR (603986 CH) MONTAGE TECH (6809 HK) MONTAGE (688008 CH) DOSILICON (688110 CH) Biwin Storage (688525 CH) SMIC (688981 CH) SMIC (981 HK) Micron Technology (MU US)

Highlighted Stocks

SHENZHEN LONGSYS ELECTRONICS, SHENZHEN TECHWINSEMI TECHNOLOGY, Samsung Electronics, NETAC TECHNOLOGY, TOYOU FEIJI ELECTRONICS, GIGADEVICE, GIGADEVICE SEMICONDUCTOR, MONTAGE TECH, MONTAGE, DOSILICON, Biwin Storage, SMIC, SMIC, Micron Technology

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