Movement Alert|LONGSYS Rises 3.62% in Regular Trading, Continued A-Share Buybacks Combined with Storage Policy Tailwinds

Market Focus
Sep 18

On September 18, LONGSYS rose 3.62% in regular trading, trading at 194.3 HKD/share, with turnover of HKD 3.4011 million.

On the news front, the company executed another A-share buyback on September 17, repurchasing 260,400 shares at prices between RMB 334.09 and RMB 335.00 per share, totaling approximately RMB 87.19 million — its largest single-day buyback amount in recent sessions. Since launching its first buyback on September 8, the day its H shares listed on the Hong Kong Stock Exchange, the company has conducted multiple rounds of repurchases under a planned RMB 400–800 million program earmarked for equity incentives and employee stock ownership plans.

The H shares, which debuted at a 236 HKD offer price and have since declined over 20%, remain at a deep discount. Consecutive buyback actions signal management confidence in the company's intrinsic value, providing repair momentum for the oversold share price. Additionally, policy support for advancing storage technology infrastructure has further bolstered sector sentiment, with the broader storage chip segment extending its recent rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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