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Leishen Energy Holding Co Ltd (LSE) provides cutting-edge clean-energy equipment and integrated solutions for global oil and gas operations. This news hub offers investors and industry professionals centralized access to official updates and strategic developments.
Track critical announcements including quarterly earnings, technology patent approvals, and international partnership agreements. Our curated feed ensures timely updates on operational expansions, safety innovations, and digital integration advancements shaping the energy sector.
Discover comprehensive coverage of Leishen Energy's market activities, from new product deployments to sustainability initiatives. The repository serves as an essential resource for understanding the company's role in enhancing energy efficiency through advanced equipment and data-driven solutions.
Bookmark this page for streamlined monitoring of corporate milestones and industry leadership developments. Regular updates provide insights into Leishen Energy's progress in merging traditional energy systems with next-generation digital technologies.
Leishen Energy Holding has announced plans to expand its presence in the Middle East, with a strategic initiative to establish a manufacturing plant in Saudi Arabia by 2026. The company aims to leverage Saudi Arabia's strategic location as a bridge between the Indian and Atlantic Oceans to penetrate markets across Africa, Europe, and the United States.
The expansion aligns with Saudi Arabia's 'Vision 2030' economic transformation program, launched in 2016, which aims to reduce the country's oil dependency and attract foreign investment. Saudi Arabia, holding the world's second-largest crude oil reserves and eighth-largest proven reserves, represents the largest and most promising market in the Middle East region.
Leishen Energy reported its fiscal year 2024 financial results, showing mixed performance. Operating cash flow surged 243% to $15.07 million, while total revenues decreased 5.5% to $69.07 million. Net income declined 31.3% to $7.99 million, with operating expenses increasing to $8.48 million.
Segment performance showed varied results: Clean-Energy Equipment revenue fell 14.6% to $33.82 million, while New Energy Sales grew 11.3% to $25.82 million. The company maintained a gross margin of 23.2%, down from 25.1% in 2023. The company's strategy focuses on international expansion, technology innovation, and operational efficiencies, with 72 patents now held across various segments.
Leishen Energy Holding (Nasdaq: LSE), a Chinese clean-energy equipment provider for the oil and gas industry, announced the closure of its over-allotment option, selling an additional 150,000 ordinary shares at $4.00 per share. This follows their initial public offering (IPO) and brings their total gross proceeds to $6.1 million, including the previously announced $5.5 million from the IPO.
The offering was made through a Form F-1 registration statement declared effective by the SEC on December 18, 2024. The shares were offered through Dominari Securities , with detailed prospectus information available through their office or the SEC's website.
Leishen Energy Holding (Nasdaq: LSE) has completed its initial public offering, raising $5.5 million through the sale of 1,375,000 ordinary shares at $4.00 per share. Trading began on the Nasdaq Capital Market on December 19, 2024, under the symbol 'LSE'. The company granted underwriters a 45-day option to purchase up to 206,250 additional shares.
The net proceeds will fund the construction of a high-tech manufacturing industrial park in Nanjing Lishui High-tech Development Zone, establish a smart manufacturing and new energy R&D center, purchase equipment and patented technologies, expand presence in PRC Southwest oil and gas market, and strengthen working capital. Dominari Securities led the underwriting, with Revere Securities as co-underwriter.
Leishen Energy Holding, a Chinese clean-energy equipment provider for the oil and gas industry, has announced the pricing of its initial public offering of 1,375,000 ordinary shares at $4.00 per share. The company expects to raise $5.5 million in gross proceeds and will begin trading on the Nasdaq Capital Market on December 19, 2024, under the symbol 'LSE'.
The underwriters have a 45-day option to purchase up to 206,250 additional shares. Proceeds will fund the construction of a high-tech manufacturing park in Nanjing, establish an R&D center, purchase equipment and technologies, expand presence in PRC Southwest oil and gas market, and strengthen working capital. The offering is expected to close on December 20, 2024.
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