Leishen Energy's subsidiary wins major Sinopec procurement for skid-mounted control systems, enhancing its position in China's oil and gas sector.
Quiver AI Summary
Leishen Energy Holding Co., Ltd., a leading provider of clean energy equipment in China, announced that its subsidiary, ZJY Technologies Co., Ltd., has been awarded the top bid in a procurement tender by a Sinopec oilfield branch. This contract is for the supply of skid-mounted rooms for wellhead surface control devices, featuring climate control systems designed for challenging oilfield environments. CEO Hongliang Li expressed pride in the company's repeated recognition, emphasizing its technical capabilities and commitment to delivering reliable products. This achievement further affirms Leishen Energy's leadership in the Chinese oil and gas sector and underscores its strategic market penetration and collaboration with major energy firms.
Potential Positives
- ZJY Technologies Co., Ltd., a subsidiary of Leishen Energy, has been named the No. 1 Bid Winner in a major procurement tender by Sinopec, underscoring the company's strong market presence and competitiveness.
- This recognition enhances Leishen Energy's reputation as a leader in the Chinese onshore oil and gas sector, which may attract further business opportunities.
- The successful bid for the supply of advanced Wellhead Surface Control Integrated Devices highlights the company's technical capabilities and commitment to innovation in harsh oilfield environments.
- The CEO's statement emphasizes ongoing collaboration with a major client, showcasing the potential for future projects and growth in operational capabilities.
Potential Negatives
- While the press release emphasizes recent success in winning a tender, it does not disclose specific financial figures or potential revenue impacts from this contract, which could leave investors wanting more detailed information.
- The language used in the forward-looking statements section highlights uncertainties and risks, which may raise concerns for investors about the company's future performance and ability to meet expectations.
- The press release does not outline plans for diversification or adaptation in case of market changes, suggesting potential vulnerability to fluctuations in the oil and gas sector.
FAQ
What recent achievement did Leishen Energy announce?
Leishen Energy was named the No. 1 Bid Winner in a procurement tender by Sinopec's oilfield branch.
What products are included in the recent Sinopec contract?
The contract includes Skid-mounted Rooms for Wellhead Surface Control Integrated Devices with built-in climate control systems.
Why is this recognition significant for Leishen Energy?
This recognition reinforces Leishen Energy's leadership in the Chinese oil and gas sector and showcases its technical capabilities.
What features do the skid-mounted equipment offer?
The equipment is designed for harsh environments, offering high durability and integrated air conditioning and heating.
Where does Leishen Energy operate besides China?
Leishen Energy has expanded its operations to Central Asia, the Middle East, and Southeast Asia.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LSE Hedge Fund Activity
We have seen 0 institutional investors add shares of $LSE stock to their portfolio, and 1 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 1,484 shares (-71.1%) from their portfolio in Q1 2026, for an estimated $6,722
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
BEIJING, June 16, 2026 (GLOBE NEWSWIRE) -- Leishen Energy Holding Co., Ltd. ("Leishen Energy" or the "Company") (NASDAQ: LSE), a leading China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced that ZJY Technologies Co., Ltd., its Chinese operating subsidiary, has once again been named the No. 1 Bid Winner in a major procurement tender by a Sinopec oilfield branch.
The Company received an official "Winning Bid Notice" from the tendering department of Sinopec for the supply of Skid-mounted Rooms for Wellhead Surface Control Integrated Devices (Specification: 4m×3m×2.5m), which includes built-in air conditioning and electric heating systems.
Continued Strategic Market Penetration
This repeat recognition as the top bidder represents another significant milestone for Leishen Energy, further solidifying its leadership position in the competitive Chinese onshore oil and gas sector.
Proven Track Record:
Once again ranking first demonstrates the Company's technical capabilities and its ability to consistently deliver products and services that meet the stringent requirements of Chinese state-owned energy enterprises.
Scope of Supply:
The equipment is designed for harsh oilfield environments, requiring high durability and integrated climate control features.
"We are honored to be named the top bidder once again by a subsidiary of Sinopec, one of the world's largest energy companies," said Hongliang Li, CEO of Leishen Energy. "This repeated recognition validates the technical superiority and reliability of our skid-mounted equipment solutions. We look forward to continuing our close collaboration with the oilfield branch to deliver high-efficiency, safe, and intelligent equipment that is designed to enhance their operational capabilities."
About the Product
The Wellhead Surface Control Integrated Device Skid-mounted Room is a core component for modern oilfield digitalization. It integrates control systems, air conditioning, and heating into a mobile, modular housing, ensuring stable operation of wellhead equipment in extreme temperatures.
About Leishen Energy Holding Co., Ltd.
The Leishen Group was founded in 2007 and is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry. Our major lines of business include (i) sale of clean-energy equipment; (ii) new energy production and operation; (iii) digitalization and integration equipment; and (iv) oil and gas engineering technical services. Currently, our business operations have expanded beyond the PRC to Central Asia, the Middle East, and Southeast Asia. For more information, please visit the Company's website: www.r-egroup.com .
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," “designs,” "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other risk factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the "SEC"). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions regarding the Company’s plans, objectives, and strategies. Actual results may differ materially due to factors such as final contract signing, supply chain conditions, and market competition.
Contact:
Investor Relations Department
Leishen Energy Holding Co., Ltd.
Email:[email protected]
Web:
www.r-egroup.com