江波龙：存储超级周期下的利润率提升

January 29, 2026 03:30 PM GMT Shenzhen Longsys Electronics Co Ltd | Asia Pacific M Update Margin Gains Amid Memory Supercycle Reaction to earnings Unchanged In-line Meaningful revision higher Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Stay OW. The strong 4Q results are partially in the price, as the stock is up 46% YTD vs. MSCI China IT up 24%. We expect continued margin improvement into 1H26 to drive EPS upward revisions amid severe memory supply constr ...