Leishen Energy (LSE) Announces Fiscal Year 2025 Results
BEIJING, China — February 15, 2026 — Leads & Copy — Leishen Energy Holding Co., Ltd. (Nasdaq: LSE) announced its fiscal year 2025 financial results on January 30, 2026, showing weakened core operating performance but a strengthened financial foundation following its IPO. The company reduced leverage and improved liquidity.
Leishen Energy’s cash position and low debt levels provide flexibility to address operational challenges, while continued improvements in asset quality help mitigate financial risks.
Total revenues declined from $63.5 million to $48.3 million due to the economic downturn, sluggishness in the oil and gas market, customer cost pressures, weaker market demand, and the impact of China-US trade tensions. As part of its long-term growth strategy, the company continues to expand into overseas markets and domestic natural gas trading businesses.
Gross profit fell from $16.0 million to $8.5 million due to revenue declines and persistent cost pressures. Operating Expenses increased from $8.5 million to $10.2 million, largely due to higher selling and marketing costs associated with international market expansion, as well as increased research and development.
Net Income remains positive due to strong non-operating gains, including short-term investment income and gains from disposal of equity investments. Net Income Attributable to Leishen Energy was $1.25 million, a decrease of $6.84 million year-over-year.
Revenue from clean-energy equipment sales, accounting for 45.7% of total revenues, decreased by $11,742,904 from $33,816,111. This was mainly due to a decline in market demand driven by the broader economic downturn, as well as intensified domestic competition and customer cost-control measures leading to a 10% to 40% reduction in selling prices for certain standardized products. The Company is actively pursuing the international market currently to drive future growth.
Revenue from Digitalization and Integration Equipment was $2.73 million, a modest year-over-year decline. Gross margin improved to 4.4% due to the implementation of effective cost control initiatives.
Revenue from New Energy sales accounted for 40.4% of total revenues. The decrease was mainly due to the expiration of a sales agreement with a major client. The company is actively pursuing renewal of the agreement and expanding its customer base in the natural gas trading business.
Revenue from Oil and Gas Engineering Technical Services was $4.0 million, representing 8.2% of total revenue. The company will continue to invest in this area to expand the scope and depth of its engineering and technical services, expecting this segment to account for an increasing share of total revenue in the future.
Hongliang Li, CEO of Leishen Energy, said that although revenue and profitability declined during fiscal year 2025 due to macroeconomic challenges, including the global economic slowdown and China-U.S. trade tensions, the company remains confident in its long-term competitiveness and strategic positioning. He stated that the fiscal year represented a period of transition rather than a reflection of the company’s core capabilities and that the company is actively expanding its market presence and strengthening its operational resilience.
Zhiping Yu, CFO, commented that the company is actively pursuing growth in both domestic and international markets and plans to invest more in R&D and international collaboration to strengthen its fundamentals. Yu added that although short-term shareholder returns may be affected by current market conditions, the company is focused on its long-term capital strategy.
The Company plans to advance the following strategic priorities in fiscal year 2026 and beyond:
- International Expansion: Pursue overseas opportunities across Central Asia, Southeast Asia, and the Middle East, including the development of joint spare parts warehouses with major oilfields and the delivery of power plant operation and maintenance projects in Middle East.
- Technology and Innovation: Increase investment in R&D to further strengthen the Company’s patent portfolio, which currently includes 125 patents spanning clean-energy equipment, oil and gas engineering services, and new energy production and operations.
- Customer Diversification: Deepen engagement with long-standing domestic clients while building a stronger international pipeline, with a focus on digital solutions and integrated equipment sales.
- Operational Efficiency: Enhance cost control measures, reinforce supply chain management, and establish new supplier partnerships to better mitigate inflationary pressures and operational disruptions.
- Strengthening Partnerships with World-Leading Technology Brands: The Company will foster deeper collaboration with internationally renowned brands by integrating their advanced technologies and securing market support for spare parts and services. This strategy is designed to uphold superior product quality and sustain the competitiveness of our core products.
Leishen Energy provides clean-energy equipment, digitalization and integration solutions, new energy sales, and oil and gas engineering technical services.
Source: Leishen Energy
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