Company research
Lianhe Sowell International Group Ltd
CIK 2004024Updated Sep 27, 2026
SecurityLHSW · NASDAQ · equity
LHSW price & chart
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NASDAQ:LHSW on TradingView ↗About the company
We are a provider of machine vision products and solutions in China, and our products improve efficiency and quality for customers in a wide range of businesses across industries. We invent and integrate technologies and solutions that address some of the most critical manufacturing and distribution challenges, such as precision and accuracy required in manufacturing of electronic products. Based on nine foundational technologies, our solutions integrate physical products with software to capture and analyze visual information, allowing for manufacturing automation and improvement of distribution process for customers across China.
In the news
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 40,991,535Source | 30,729,130Source |
| Property, Plant and Equipment, NetUSD | 142,312Source | 67,083Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 46,110Source | 42,321Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,885,367Source | 108,745Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 14,978,869Source | 19,144,103Source |
| Inventory, NetUSD | 821,126Source | — |
| Assets, CurrentUSD | 27,463,712Source | 23,056,965Source |
| Prepaid Expense and Other Assets, CurrentUSD | 8,130,460Source | 3,321,253Source |
| Operating Lease, Right-of-Use AssetUSD | 1,033,110Source | 120,918Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 27,018,300Source | 19,075,769Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | — | 5,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,299,433Source | 6,994,445Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 453,085Source | -75,549Source |
| Stockholders' Equity Attributable to ParentUSD | 13,870,849Source | 11,595,608Source |
| Additional Paid in Capital, Common StockUSD | 11,815,475Source | 4,374,056Source |
| Liabilities and EquityUSD | 40,991,535Source | 30,729,130Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 25,706,612Source | 18,650,093Source |
| Operating Lease, Liability, CurrentUSD | 478,603Source | 123,645Source |
| Accounts Payable, CurrentUSD | 10,224,153Source | 11,782,429Source |
| Operating Lease, Liability, NoncurrentUSD | 595,814Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 102,386Source | 57,753Source |
| Additional Financial Items | ||
| Accrued Liabilities, CurrentUSD | 3,593,886Source | 534,987Source |
| Long-term Debt, Current MaturitiesUSD | 28,994Source | 47,247Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -5,650,379Source | 3,182,565Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,300,181Source | — |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | -4,178,425Source | 7,357,104Source |
| Increase (Decrease) in InventoriesUSD | 976,595Source | — |
| Increase (Decrease) in Accounts PayableUSD | -2,108,255Source | 7,050,519Source |
| Deferred Income Tax Expense (Benefit)USD | -1,314,494Source | -196,288Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,966,396Source | -1,474,574Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -91,953Source | -51,660Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 83,006Source | 4,917Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 10,791,527Source | 1,436,725Source |
| Repayments of Long-term DebtUSD | 342,423Source | 35,634Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,885,367Source | 108,745Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 128,253Source | 100,563Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 43,444Source | -7,933Source |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 7,405Source | 4,024Source |
| DepreciationUSD | 30,393Source | 22,203Source |
| General and Administrative ExpenseUSD | 7,185,009Source | 2,250,827Source |
| Income Tax Expense (Benefit)USD | -1,311,824Source | -24,605Source |
| InterestExpenseNonoperatingUSD | 130,207Source | 101,713Source |
| Investment Income, InterestUSD | 471Source | 270Source |
| Net Income (Loss) Attributable to ParentUSD | -5,695,012Source | 3,124,662Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 44,633Source | 57,903Source |
| Nonoperating Income (Expense)USD | -137,420Source | 78,790Source |
| Operating ExpensesUSD | 16,084,543Source | 6,496,065Source |
| Proceeds from Contributed CapitalUSD | — | 690,878Source |
| Proceeds from Contributions from AffiliatesUSD | — | 562,247Source |
| Proceeds from Issuance of Common StockUSD | 7,028,258Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 689,955Source | 83,145Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 555,853Source | 51,763Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 |
|---|---|---|
| Total RevenueUSD | 43,269,569Source | 36,539,846Source |
| Cost of Goods and Services Sold | — | — |
| Operating Income (Loss)USD | -6,824,783Source | 3,079,170Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -6,962,203Source | 3,157,960Source |
| Income Tax Expense (Benefit)USD | -1,311,824Source | -24,605Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 44,633Source | 57,903Source |
| Net Income (Loss) Attributable to ParentUSD | -5,695,012Source | 3,124,662Source |
| Earnings Per Share, BasicUSD per share | -1.74Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | -1.74Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,273,867Source | 50,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,273,867Source | 50,000,000Source |
| Interest Expense (non-operating)USD | 130,207Source | 101,713Source |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 7,405Source | 4,024Source |
| Current Income Tax Expense (Benefit)USD | 2,670Source | 171,683Source |
| General and Administrative ExpenseUSD | 7,185,009Source | 2,250,827Source |
| Gross ProfitUSD | 9,259,760Source | 9,575,235Source |
| InterestExpenseOperatingUSD | 35,690Source | 10,883Source |
| Investment Income, InterestUSD | 471Source | 270Source |
| Nonoperating Income (Expense)USD | -137,420Source | 78,790Source |
| Operating ExpensesUSD | 16,084,543Source | 6,496,065Source |
| Other ExpensesUSD | — | 685,878Source |
| Research and Development ExpenseUSD | 7,811,079Source | 3,462,715Source |
| Selling and Marketing ExpenseUSD | — | 782,523Source |
| Selling ExpenseUSD | 1,088,455Source | 782,523Source |
Offerings
Registration 333-298425
- Gross proceeds
- 11000000.16
- Net proceeds
- 10230000.15
- Deal price
- 1.44
- Shares
- 7638889
- Offering price
- market-price
- Ticker
- LHSW
Registration 333-298729
Registration 333-279303
- Gross proceeds
- 8000000.0
- Net proceeds
- 7400000.0
- Deal price
- 4.0
- Shares
- 2000000
- Offering price
- $4.00
- Ticker
- LHSW
Filing attachments
ea029846701ex99-1.htm · F-1 · 2026-08-19
EX-99.1 6 ea029846701ex99-1.htm OPINION OF GUANGDONG XINCHU LAW FIRM, PRC COUNSEL TO THE REGISTRANT, REGARDING CERTAIN PRC LAW MATTERS Exhibit 99.1 Legal Opinion 15th Floor, Qiushi Building East Tower, Zizhu 7th Road, Futian District, Shenzhen, China Postal Code:518040, （Tel）：（0755）82549336 To: Lianhe Sowell International Group Ltd (the “Company”) 15th Floor, Sannuo Smart Building, No. 3388 Binhai Ave, Binhai Community, Nanshan District, Shenzhen, China Date: Re: PRC Legal Opinion r…
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