The present disclosure includes a system for producing low carbon olefins and/or aromatics from raw material comprising naphtha. The system can include a reaction unit that includes a fast fluidized bed reactor, a stripping unit that includes a stripper, and a regeneration unit. The reactor unit is adapted to allow the catalytic cracking of naphtha and to output reaction unit effluent material (spent catalyst and product gas) into the stripping unit, which is adapted to output product gas. The stripping unit is connected to and in fluid communication with the regeneration unit such that the stripping unit supplies the spent catalyst from the reaction unit to regeneration unit. The regeneration unit is adapted to regenerate the spent catalyst to form regenerated catalyst. The regeneration unit is connected to and in fluid communication with the fast fluidized bed reactor such that, in operation, regenerated catalyst can be sent to the fast fluidized bed reactor of the reaction unit.