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Leishen Energy Holding Co., Ltd.

LSE

Leishen Energy Holding Co., Ltd. • NASDAQ
$5.17 ▼ -5.82% (-0.32)
Market Cap $88.02 M
52w High $14.99
52w Low $3.76
Dividend Yield 0%
P/E 39.77
Volume 2.52K
Outstanding Shares 17.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $28.195M ▼ $7.161M ▲ $-624.415K ▼ -2.215% ▼ $-0.038 ▼ $-868.935K ▼
Q4-2024 $29.19M ▼ $3.707M ▼ $2.872M ▼ 9.84% ▼ $0.17 ▼ $2.401M ▼
Q2-2024 $39.884M ▼ $4.776M ▲ $5.224M ▼ 13.097% ▼ $0.31 ▼ $6.268M ▼
Q4-2023 $43.854M ▲ $3.999M ▲ $7.552M ▲ 17.221% ▲ $0.45 ▲ $7.968M ▲
Q2-2023 $29.23M $2.489M $4.306M 14.732% $0.26 $4.805M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $29.725M ▲ $72.671M ▲ $29.297M ▲ $43.065M ▲
Q4-2024 $23.662M ▲ $69.634M ▲ $29.179M ▲ $39.787M ▲
Q2-2024 $15.663M ▲ $62.722M ▼ $25.06M ▼ $36.418M ▲
Q4-2023 $11.802M $65.457M $33.699M $30.805M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-624.415K ▼ $-1.982M ▼ $5.665M ▲ $7.987M ▲ $11.494M ▲ $-2.142M ▼
Q4-2024 $2.872M ▼ $10.002M ▲ $-10.478M ▼ $-220.343K ▼ $-610.461K ▼ $9.751M ▲
Q2-2024 $5.224M ▼ $5.066M ▼ $-1.863M ▲ $73.012K ▲ $3.344M ▲ $4.636M ▼
Q4-2023 $7.552M ▲ $6.52M ▲ $-6.532M ▼ $-2.046K ▲ $0 $6.184M ▲
Q2-2023 $4.306M $-2.131M $646.892K $-154.003K $0 $-2.536M

Five-Year Company Overview

Income Statement

Income Statement Leishen’s income statement shows a small but steadily growing business. Sales have increased each year, and the company has managed to stay profitable throughout the last few years. Gross profit and operating profit have both moved up broadly in line with revenue, which suggests the core business is reasonably disciplined on costs. Earnings per share, however, have been a bit bumpy rather than smoothly rising. That can reflect factors like changes in share count around the IPO, shifts in product mix, or higher spending to support growth. Overall, the picture is of a young, still‑scaling company with positive earnings, but not yet at a stage where profits are smooth or highly predictable.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively clean. Total assets have grown over time, reflecting gradual expansion of the business. Equity has also edged up, which indicates the company is building its capital base rather than eroding it. There is effectively no debt reported, which reduces financial risk and interest burdens. Cash levels have moved around but remain present, suggesting some liquidity cushion, although not an especially deep one for aggressive expansion. Overall, this is a light, low‑leverage balance sheet, but one that will likely need ongoing support from profits or new capital to fund larger growth plans.

Cash Flow

Cash Flow Cash generation is still uneven. Operating cash flow has been positive in some years and close to break‑even in others, which is common for a relatively young, expanding company. Free cash flow has occasionally dipped slightly negative, indicating that the business has needed to reinvest roughly as much cash as it generates. Reported capital spending is minimal in the historical numbers, which may mean that major projects (like the planned manufacturing and R&D centers) are not yet fully reflected in past cash flows. As those projects ramp up, cash demands could rise. The key question going forward is whether growing operations will consistently turn accounting profits into solid, recurring cash inflows.

Competitive Edge

Competitive Edge Leishen competes in a demanding niche: equipment and services for cleaner, more efficient oil and gas operations, with a focus on China and nearby regions. Its main edge lies in offering integrated solutions rather than isolated products—combining equipment, engineering services, digital tools, and operational support. That “one‑stop” model tends to deepen customer relationships and can make switching to rivals less attractive. The company also benefits from a sizable portfolio of patents and software rights, and from regional know‑how in markets like China, Central Asia, Southeast Asia, and the Middle East. However, it operates in a field where large, global competitors are entrenched, and where demand is tied to volatile oil and gas investment cycles. Its competitive position looks promising but still emerging, and success will depend heavily on execution in overseas markets and continued cost‑effective delivery.

Innovation and R&D

Innovation and R&D Innovation is clearly a central theme for Leishen. The company has developed specialized clean‑energy equipment—such as advanced heating units for oil wells, high‑efficiency compressors, composite pipes, and oil‑water treatment systems—aimed at making fossil fuel extraction cleaner and more efficient. On top of that, it is pushing into “smart oilfield” solutions, using data and digital tools to monitor and optimize operations. The patent and software portfolio, along with plans for a new smart manufacturing and new‑energy R&D center, suggest a sustained commitment to research and development rather than one‑off projects. Leishen is also exploring technologies linked to the energy transition, including equipment related to hydrogen and natural gas value chains. The upside is meaningful technological differentiation; the risk is that R&D is costly and outcomes are uncertain, so the company must translate these innovations into reliable, commercial products and long‑term service revenues.

Summary

Overall, Leishen looks like a small but growing energy‑technology player that is already profitable, carries little to no financial debt, and is investing heavily in innovation. Its business model is built around integrated, cleaner solutions for oil and gas operators, underpinned by a growing intellectual property base and a push into digital and new‑energy offerings. The main strengths are its clean balance sheet, focus on technology, and integrated service approach, all aligned with a gradual shift toward lower‑emission energy systems. The main risks are its small scale, uneven cash generation, exposure to cyclical oil and gas spending, and the challenge of competing and expanding internationally against larger, established rivals. Future performance will likely hinge on how well the company can scale its technology, secure recurring service and digital revenues, and turn its planned R&D and manufacturing investments into sustained, cash‑generating growth.

NEWS

November 13, 2025 · 8:59 PM UTC

UPDATE - Leishen Energy(LSE) Makes a Strong Debut at ADIPEC Abu Dhabi, Embarking on a New Chapter of Strategic Expansion in the Middle East and International Markets

Read more

November 9, 2025 · 11:20 PM UTC

Leishen Energy(LSE) Makes a Strong Debut at ADIPEC Abu Dhabi, Embarking on a New Chapter of Strategic Expansion in the Middle East and International Markets

Read more