Leishen Energy management cites scale-back of low-margin business as six-month revenue falls 25.6% to $20.98 million ended March 31, 2026
LSE•Six-month results and management commentary
Leishen Energy management commentary for the six months ended March 31, 2026 flagged a wider net loss of USD 1.84 million.
Revenue fell 25.6% to USD 20.98 million, driven by a deliberate scale-back of lower-margin new energy and digitalization trading.
Gross margin rose to 24.9% from 17.5%, reflecting a shift toward higher-margin clean-energy equipment and tighter cost control.
Selling and marketing expense jumped to USD 1.54 million from USD 635,306 on higher sales pay and marketing amid tougher competition.
Operating cash flow turned positive at USD 730,075, supported by lower expected credit loss charges despite higher receivables.
