Leishen Energy Holding Co., Ltd. (NASDAQ: LSE)

Leishen Energy Holding Co., Ltd. is a holding company incorporated in the Cayman Islands that conducts its operations mainly in China through its PRC subsidiaries. The company designs and supplies clean energy equipment, develops new energy production and operation projects, provides digitalization and integration equipment, and offers oil and gas engineering technical services.

Revenue is generated from the sale of products such as reciprocating compressor units, expansion units, wellhead heating systems, wellhead safety control systems, oil water separation systems, natural gas online sampling systems, oil and gas skid mounted equipment, and polymer flexible composite pipes. The company also earns income from engineering technical services including equipment leasing, maintenance, spare parts supply, upgrading and customization, as well as from the development and operation of LNG and CNG facilities, solar photovoltaic power plants, and digitalization solutions for oilfield customers.

The company operates through the following segments: clean energy equipment; new energy production and operation; digitalization and integration equipment; oil and gas engineering technical services.

• This segment focuses on designing customized solutions and supplying a wide range of equipment including reciprocating compressor units, expansion units, wellhead heating systems that use electromagnetic or solar energy, wellhead safety control systems, oil water separation systems, natural gas online sampling systems, oil and gas skid mounted equipment, and polymer flexible composite pipes.

• This segment is engaged in the production storage and transportation of natural gas in the form of LNG and CNG, the substitution of traditional fuels, the development of distributed energy projects, and the planning and operation of new energy industries, providing customers with natural gas and multi category clean energy resources such as LNG, CNG, solar energy and expander differential pressure power generation, and offering turnkey LNG liquefaction plants, CNG refueling stations and solar photovoltaic power generation solutions.

• This segment provides informatization solutions for the oil and gas industry chain, including digitally managed oilfields equipped with predictive maintenance, health safety and environment monitoring, intelligent inspection and intelligent central control rooms, digitalized oil and gas transportation, intelligent manufacturing and warehousing, and intelligent hardware, and collaborates with IT manufacturers to deliver AI machine smart vision oilfield projects.

• This segment offers pressurization gas injection units, equipment leasing, technical personnel support, remote expert product diagnosis, equipment maintenance, spare parts supply, upgrading and customization, and maintains spare parts reserve warehouses to support customers, helping them achieve production maximization, cost reduction and operational reliability, and is recognized as the largest natural gas compressor rental service provider in Southwestern China.

Leishen Energy Holding Co., Ltd. positions itself as a diversified provider that offers products and services across the upstream and downstream oil and gas sectors as well as in the clean energy and new energy markets. The company cites its broad product portfolio, patented technologies, integrated after sales service network and spare parts warehouses as competitive advantages, and notes that it is the largest natural gas compressor rental service provider in Southwestern China.

The company serves oil and gas producers, energy enterprises and industrial customers in China and abroad. Specific customers mentioned in the filing include leading PRC oil and gas enterprises, Northwest Petroleum Bureau Co., Ltd., the Chengdu city government, and operators of fields such as Changqing Oilfield, Tarim Oilfield, Northwest Oilfield, Sichuan Chongqing Shale Gas Project, Shengli Oil Field, as well as projects in Kazakhstan, Turkmenistan, Saudi Arabia, Iraq, Pakistan and Indonesia.