On June 29, China Securities Regulatory Commission disclosed the "Reply on Approval of Shenzhen Longsys Electronics Co., Ltd.'s IPO Registration" and approved Longsys' IPO registration application.

It is reported that Longsys plans to raise about 1.5 billion yuan in this IPO, which will be used for the "Longsys Zhongshan Storage Industrial Park Phase II Construction Project", "Enterprise-level and industrial-level memory research and development projects" and supplementary working capital.

Longsys Electronics was established in 1999, mainly engaged in the research and development, design and sales of Flash and DRAM memories. It has 4 product lines of embedded storage, mobile storage, solid-state drives and memory modules, providing consumer, industrial and automotive grades. Storage and industry storage software and hardware application solutions.

The company's memory is widely used in intelligent terminals, Internet of Things, security monitoring, industrial control, automotive electronics and personal mobile storage and other fields. The company enhances its competitiveness through continuous technological innovation. As of June 30, 2021, the company has obtained 426 valid domestic and overseas patents (103 overseas patents), including 165 invention patents, won the China Patent Excellence Award 2 times, and owns 65 software copyrights. item.

According to the data, Longsys has established long-term and stable partnerships with major storage wafer manufacturers, and has cooperated with Samsung Electronics, the world's largest storage wafer manufacturer, for over 20 years, and has cooperated with the world's leading storage wafer manufacturers Micron Technology, Western Digital (SanDisk) also has a history of cooperation for more than 10 years. At the same time, it has carried out business cooperation with domestic wafer manufacturers, Changjiang Storage and Changxin Storage, and has obtained upstream such as Samsung Electronics, Western Digital (SanDisk), and Yangtze River Storage for many times. "Best Partner" awarded by the original factory; in the field of main control chips, the company independently develops firmware software based on the main control chips of mainstream manufacturers such as Huirong Technology (SMI), Lianyun Technology, Marvell, etc., and In-depth participation in the customization of the main control chip architecture to achieve high-performance, high-quality and innovative product solutions.