On September 21, LONGSYS (09976.HK) rose 3.46% in regular trading, trading at HK$193.4/share, with turnover of HK$1.5642 million.

On the news front, the company has been conducting intensive A-share buybacks in recent sessions. Between September 8 and September 18, LONGSYS executed multiple rounds of share repurchases on the Shenzhen Stock Exchange for its equity incentive plan, with single-day buyback amounts ranging from approximately RMB 49.95 million to RMB 448 million. On September 17, the company repurchased 260,400 A-shares at RMB 334.09–335.00 per share, totaling approximately RMB 87.19 million — the largest single-day buyback amount in the recent series. On September 18, a further 170,975 shares were repurchased at RMB 342–348.2 per share, costing approximately RMB 59.18 million.

Meanwhile, the Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued the 15th Five-Year Plan for electronic information manufacturing, explicitly calling for accelerated development of advanced storage capabilities. LONGSYS, as a leading domestic storage module company, reported enterprise-level storage revenue of RMB 2.14 billion in the first half of the year, up 208.80% year-over-year, with total revenue of RMB 24.088 billion and net profit of RMB 10.577 billion. The current H-share price remains at a significant discount to the IPO price of HK$236, with buyback acceleration and policy tailwinds providing repair momentum.

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