If You Invested in LEISHEN ENERGY HLDG CO LTD (LSE)

Leishen Energy Holding Co., Ltd. (Nasdaq: LSE) is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry. The Leishen Group was founded in 2007 and focuses on delivering high-performance, safe and cost-effective energy solutions. According to company disclosures, Leishen has developed multiple business lines that connect equipment manufacturing, engineering services, new energy operations, and digitalization for energy customers.

Leishen Energy’s ordinary shares trade on the Nasdaq Capital Market under the ticker symbol LSE. The company describes itself as a provider of clean-energy equipment and integrated solutions, serving oil and gas industry clients in China and overseas markets. Over time, it has expanded beyond the People’s Republic of China (PRC) to regions such as Central Asia and Southeast Asia, where its service capabilities and quality have been recognized by foreign customers.

Core Business Segments

Leishen Energy reports four major lines of business:

• Sale of clean-energy industry – a segment often referred to in company materials as clean-energy equipment. This segment has historically contributed a significant portion of total revenues and includes equipment supplied to oil and gas customers.
• New energy production and operation – activities related to new energy, including new energy sales. Company disclosures highlight growing demand for natural gas within this segment.
• Digitalization and integration equipment – equipment and solutions focused on digitalization and integration for energy applications.
• Oil and gas engineering technical services – technical services provided to oil and gas projects, both in domestic and overseas markets.

In its fiscal year 2024 financial results, Leishen Energy discussed revenue contributions from these segments, noting that clean-energy equipment, digitalization and integration equipment, new energy sales, and oil and gas engineering technical services each play a role in its overall business structure. The company has also referred to cost management, research and development, and international market expansion as important themes in its operations.

Clean-Energy Equipment and Solutions

Leishen Energy emphasizes clean-energy equipment as a core business. The company states that this segment supplies various types of equipment to the oil and gas industry and has historically generated a majority share of revenue. In its public descriptions, Leishen highlights a focus on high-performance, safe and energy-saving equipment, combined with professional technical services. These offerings are positioned to help oil and gas customers address energy efficiency and operational needs.

According to company information, Leishen holds more than 70 patents and software copyrights across its clean-energy equipment, oil and gas engineering technical services, and new energy production and operation activities. The company describes this intellectual property base as forming a comprehensive ecosystem of core technical capabilities that supports its equipment and service offerings.

New Energy, Digitalization, and Technical Services

Leishen’s new energy production and operation segment includes new energy sales, where the company has reported increased demand for natural gas and the addition of new clients. This segment reflects the company’s participation in new energy markets alongside its traditional oil and gas-related activities.

The digitalization and integration equipment segment focuses on equipment that supports digital and integrated operations for energy customers. Company disclosures indicate that this segment has seen efforts to streamline costs and enhance efficiency, which has influenced segment margins.

Through its oil and gas engineering technical services segment, Leishen provides technical services to oil and gas projects. The company has noted that it continues to develop new projects at home and abroad, even as it faces pricing pressure and customers’ adoption of lower-cost operating models.

Geographic Footprint and International Expansion

Leishen Energy describes itself as a China-based company with business operations that have expanded beyond the PRC to Central Asia and Southeast Asia. The company reports that its service abilities and quality have been widely recognized and praised by foreign customers in these regions.

In more recent announcements, Leishen has highlighted a strategic focus on the Middle East. The company reported participation in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), where it showcased technology and equipment and announced a strategic deepening into the Middle East market. During ADIPEC, Leishen signed a supply agreement with a key local distributor in Abu Dhabi, with the expectation of being included in the supplier system of Abu Dhabi National Oil Company (ADNOC). The scope of cooperation described by the company extends beyond equipment sales to aftermarket services such as maintenance and leasing.

Leishen has also reported discussions with GL Group, an energy group in Azerbaijan, regarding cooperation prospects in the Caucasus and Eurasia regions, with particular attention to markets such as Azerbaijan and Turkey. In separate disclosures, the company has stated that it is actively exploring overseas markets, especially in the Middle East, and has discussed expectations to build a manufacturing plant in Saudi Arabia as part of its overseas strategic layout.

Technology, Patents, and Partnerships

Leishen Energy emphasizes technology and intellectual property as important elements of its business. The company has stated that it holds more than 70 patents and software copyrights across its main business areas. It also reports ongoing investment in research and development to strengthen patented technologies in clean-energy equipment, oil and gas engineering technical services, and new energy production and operation.

In its public communications, Leishen has described a long-standing partnership with U.S.-based Cooper Machinery Services. The company reported that it has been a packager for Cooper in the Chinese market for over a decade. At ADIPEC, Leishen announced that this relationship was upgraded so that Leishen would be authorized to manufacture select new Cooper engine models (MH/GS series) in China and the Middle East, in addition to providing spare parts and aftermarket services. The company has indicated that this authorization is intended to use supply chain advantages to reduce product costs and lead times and to enhance the competitiveness of the Cooper brand in the Chinese and Middle Eastern markets.

Corporate Structure and Regulatory Reporting

Leishen Energy Holding Co., Ltd. is a Cayman Islands company that reports as a foreign private issuer under the Securities Exchange Act of 1934. It files reports on Form 20-F and Form 6-K with the U.S. Securities and Exchange Commission (SEC). The company’s principal executive offices are located in Beijing, China.

The company’s SEC filings include annual and interim financial statements, management’s discussion and analysis of financial condition and results of operations, and other disclosures. For example, a Form 6-K dated September 2025 furnished management’s discussion and analysis and unaudited interim condensed consolidated financial statements for the six months ended March 31, 2025. Another Form 6-K in November 2025 related to shareholder meeting materials.

IPO and Capital Markets

Leishen Energy completed an initial public offering of its ordinary shares on the Nasdaq Capital Market. The company announced the pricing of its IPO, with shares expected to commence trading under the ticker symbol LSE, and later reported the closing of the offering. It also disclosed a partial exercise of the underwriters’ over-allotment option, resulting in additional gross proceeds. The company has stated that it intends to use IPO proceeds for the construction of a high-tech manufacturing industrial park in the Nanjing Lishui High-tech Development Zone in the PRC, for establishing a smart manufacturing and new energy research and development center, for purchasing business equipment and patented technologies, for strengthening and expanding its presence in the PRC Southwest oil and gas market, and for working capital.

Position in the Oil & Gas Equipment & Services Industry

Within the broader Oil & Gas Equipment & Services industry, Leishen Energy positions itself as a provider of clean-energy equipment and integrated solutions tailored to oil and gas customers. The company combines equipment supply, technical services, new energy operations, and digitalization and integration equipment. It emphasizes efficient, safe and energy-saving equipment, along with professional technical services, as key elements that have helped its brand gain attention and recognition from customers in China and overseas markets.

Frequently Asked Questions (FAQ)

• What does Leishen Energy Holding Co., Ltd. do?
  

  Leishen Energy is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry. Its main business lines include sale of clean-energy industry, new energy production and operation, digitalization and integration equipment, and oil and gas engineering technical services.

• When was Leishen Group founded?
  

  According to company disclosures, the Leishen Group was founded in 2007.

• On which exchange does Leishen Energy’s stock trade and what is its ticker symbol?
  

  Leishen Energy’s ordinary shares trade on the Nasdaq Capital Market under the ticker symbol LSE.

• Where is Leishen Energy based?
  

  Leishen Energy describes itself as a China-based company, and its principal executive offices are located in Beijing, China.

• What are Leishen Energy’s main business segments?
  

  The company’s major lines of business are sale of clean-energy industry, new energy production and operation, digitalization and integration equipment, and oil and gas engineering technical services.

• In which regions does Leishen Energy operate outside the PRC?
  

  The company states that its business operations have expanded beyond the PRC to Central Asia and Southeast Asia. It has also described strategic expansion activities in the Middle East and cooperation discussions in regions such as the Caucasus and Eurasia.

• What role does technology and intellectual property play in Leishen Energy’s business?
  

  Leishen reports that it holds more than 70 patents and software copyrights across its main business areas. It highlights these as forming a comprehensive ecosystem of core technical capabilities and notes ongoing investment in research and development.

• What is Leishen Energy’s relationship with Cooper Machinery Services?
  

  The company has stated that it has been a packager for Cooper Machinery Services in the Chinese market for over a decade. It later announced that it would be authorized to manufacture select new Cooper engine models in China and the Middle East and provide spare parts and aftermarket services.

• How is Leishen Energy expanding in the Middle East?
  

  Leishen has reported participation in ADIPEC in Abu Dhabi, the signing of a supply agreement with a key local distributor, and plans for inclusion in the supplier system of ADNOC. It has also discussed plans related to a potential manufacturing plant in Saudi Arabia as part of its overseas strategic layout.

• What types of SEC filings does Leishen Energy submit?
  

  As a foreign private issuer, Leishen files a Form 20-F annually and submits current reports on Form 6-K. These filings include financial statements, management’s discussion and analysis, shareholder meeting materials, and other regulatory disclosures.