Leishen Energy Holding Co., Ltd. (Nasdaq: LSE) reported its fiscal year 2025 financial results, showing a decrease in total revenues from USD $63.5 million to USD $48.3 million due to economic challenges. Gross profit fell to USD $8.5 million and operating expenses increased to USD $10.2 million. Despite this, net income remained positive at USD $1.25 million, a decrease of USD $6.84 million year-over-year. The company is focusing on expanding into overseas markets and domestic natural gas trading businesses for long-term growth.

The company’s clean-energy equipment sales accounted for 45.7% of revenues, with a decrease due to market demand and pricing pressures. Revenue from new energy sales accounted for 40.4% of revenues, with a decline attributed to the expiration of a sales agreement with a major client. Leishen Energy plans to focus on international expansion, technology and innovation, customer diversification, operational efficiency, and strengthening partnerships with world-leading technology brands in fiscal year 2026 and beyond.

CEO Hongliang Li emphasized the company’s commitment to long-term competitiveness and strategic positioning despite challenges. CFO Zhiping Yu highlighted plans to invest more in R&D and international collaboration for future growth. Leishen Energy aims to enhance its market presence, strengthen operational resilience, and improve financial performance in the coming year.

Read more at GlobeNewswire: Leishen Energy Holding Co., Ltd. Announced Fiscal Year 2025