Leishen Energy

What Leishen Energy does

Leishen Energy Holding Co., Ltd. is a NASDAQ-listed (ticker: LSE) integrated clean-energy equipment provider for the oil and gas industry, founded in 2003 and headquartered in Beijing with manufacturing in Sichuan/Chengdu and Shandong. The company operates four business segments: (1) Oil and Gas Equipment R&D and Manufacturing — including 52MPa ultra-high pressure reciprocating compressors, 200+ expanders across 36 specifications, electromagnetic heating devices, wellhead safety control systems for 70-140MPa wells, online natural gas sampling systems, integrated pre-separation devices, flexible composite pipes (5,000 km/year annual capacity, up to 70MPa, 110°C), and desulfurization devices; (2) Engineering Technical Services — equipment leasing with 8,000+ hours fault-free operation guarantees, maintenance and operations for Sinopec and PetroChina, and on-site spare parts inventory with remote diagnostics; (3) LNG Clean Energy Operations — LNG/CNG refueling stations, natural gas trading and logistics, city gas pipeline construction (100,000 m³/day processing capacity), and renewable energy projects including a 300MW Yumen Oilfield photovoltaic deployment with Sungrow; (4) Information Automation and Integration — IT solutions, smart oilfield AI machine vision, video surveillance, and photovoltaic systems for oil and gas customers.

The company's commercial model is built on enterprise sales to Chinese state-owned oil majors Sinopec, CNPC, and CNOOC, supplemented by international customers including PERTAMINA (Indonesia), Cooper Machinery Services (authorized manufacturer partner), and steel-industry clients (MaSteel, Pangang). Hardware sales of clean-energy equipment represent approximately 45.7% of revenue, with the balance coming from engineering services, gas operations, and IT integration. Distribution combines direct enterprise sales, channel partners/distributors (notably a new local partner in Abu Dhabi for 4-hour service response), and three strategic partnerships in the Middle East. International expansion is centered on the Middle East — Dubai serves as regional headquarters, ADIPEC Abu Dhabi is the flagship event, and a manufacturing facility near the Port of Jubail, Saudi Arabia, is under development to produce compressors, expanders, flexible pipes, energy storage systems, inverters, and generators.

The firm has positioned itself as a Chinese-domestic leader in onshore oil and gas equipment with a 125-patent portfolio, two subsidiaries designated as Chinese 'Specialized, Refined, Differential and Innovative' (专精特新) enterprises (2023), and proven ultra-high pressure compressor deployments at Sinopec Northwest Oilfield's Shunbei and Dalaoba projects. Notable operational signals include FY2025 revenue of $48.3M (down from $63.5M in FY2024 amid sluggish oil and gas market conditions and China-US trade tensions) with net income of $1.25M, plus the June 2026 No. 1 bid win by subsidiary ZJY Technologies for a Sinopec oilfield skid-mounted wellhead control tender. Leadership consists of Chairman Hongqi Li and CEO Hongliang Li; both are mentioned in the context of Middle East strategy and FY2025 financial reporting respectively.

Name

Leishen Energy

Legal name

雷神能源技术（山东）有限公司

Website

https://r-egroup.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Leishen Energy is a NASDAQ-listed Chinese manufacturer of oil and gas equipment — reciprocating compressors, expanders, wellhead safety systems, flexible pipes, and heating devices — serving Sinopec, CNPC, CNOOC, and select international customers, with a four-segment model spanning equipment manufacturing, engineering services, LNG clean energy, and information automation.

Ownership category

akta.pro rank

Product category

Oil and Gas Equipment Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Air and Gas Compressor Manufacturing (333912), Pump and Compressor Manufacturing (33391), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Oil & Gas Field Machinery & Equipment (3533), Engines & Turbines (3510)

akta.pro primary industry

Process Gas & High-Pressure Compressors (IMAHANAF)

akta.pro secondary industries

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG), Industrial Gas Infrastructure & Metering (Onsite Storage, PRS, Metering, SCADA) (EUALALAH)

Keywords

• Oil and gas equipment
• Natural gas compressors
• Wellhead safety systems
• LNG clean energy
• Oilfield automation

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Clean-Energy Equipment: Manufacturing and sales of oil and gas equipment including reciprocating compressors, expanders, wellhead control systems, and flexible composite pipes. This division accounts for approximately 45.7% of company revenue.
2. Engineering Technical Services: Equipment leasing, maintenance and operations, and spare parts supply services for oil and gas field equipment including compressor units, engines, and valves
3. LNG Clean Energy Operations: Natural gas (LNG/CNG) trading and logistics, industrial user fuel replacement solutions, distributed energy development, urban gas transmission and distribution construction management
4. Information Automation and Integration: IT systems integration, automation solutions, and smart hardware for oil and gas industry including video surveillance, network infrastructure, and photovoltaic systems

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

Leishen Energy manufactures oil and gas equipment including reciprocating compressor units, expanders, wellhead safety control systems, electromagnetic heating devices, flexible composite pipes, and integrated pre-separation water devices. The company also provides engineering technical services (equipment leasing, maintenance, spare parts), LNG clean energy operations (LNG/CNG trading, station projects, city gas distribution), and information automation and integration services for oil and gas industry digitalization.

Product overview

Leishen Energy is a NASDAQ-listed clean-energy equipment provider for the oil and gas industry, offering an integrated portfolio of four core business segments: Oil and Gas Equipment R&D and Manufacturing (including natural gas reciprocating compressor units up to 52MPa and 250,000 m³/day, expanders, electromagnetic heating devices, wellhead safety control systems, online sampling analysis systems, integrated pre-separation water devices, flexible composite pipes up to 70MPa, and desulfurization devices), Engineering Technical Services (equipment leasing, maintenance and operations, spare parts management), LNG Clean Energy Operations (LNG/CNG station projects, gas trading and logistics, city gas transmission construction, renewable energy construction, photovoltaic industry with Sungrow partnership, hydrogen production and refueling solutions), and Information Automation and Integration (IT solutions, smart oilfield AI applications, PV systems). The company holds 125 patents and serves customers including Sinopec, PetroChina, and international clients in Indonesia, Saudi Arabia, and the Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• 华油蓝海 (Huayou Lanhai): Subsidiary specializing in design, development and manufacturing of natural gas reciprocating compressor units, expanders, waste heat power generation, oil well heating devices (electromagnetic/solar), oil-water separation devices, and skid-mounted equipment for natural gas production, transportation and delivery.
• 中计研 (Zhongjiyan)

Products and services

• Natural Gas Reciprocating Compressor Units (天然气往复式压缩机组) Self-developed reciprocating compressor units for natural gas production, transportation and injection applications. Capable of discharge pressure up to 52MPa and daily processing volumes exceeding 250,000 cubic meters, covering single-well boosting, gas injection, gas lifting, coalbed methane recovery, storage and transmission applications. Used by oil and gas E&P companies including Sinopec.
• Expanders (膨胀机) Turbo expanders for air, nitrogen, and natural gas processing with 36 specifications and over 200 units delivered. Includes waste heat power generation technology that converts residual pressure energy into electrical power. Used by oil and gas companies and steel mill operators.
• Electromagnetic Heating Devices (油井电磁加热装置) Electromagnetic heating systems for heating crude oil and natural gas in collection and transmission systems. Features rapid 20-second heating, 30% energy savings compared to resistance heating, and optional solar-powered dual-effect heating capability for oilfield operations.
• Wellhead Safety Control Systems (井口安全控制系统) Multi-patent automated wellhead safety control systems for continuous oil and gas well production management. Handles 70-140MPa wellhead pressures with annual production capacity exceeding 200 units. Includes solar-powered version for remote desert applications. Used by oil and gas companies including Sinopec and CNPC.
• Natural Gas Online Sampling Analysis Systems (天然气在线采样分析系统) Self-developed patent-protected systems for dynamic monitoring of natural gas composition with automatic reporting capabilities for quality assessment. Used by oil and gas companies including Sinopec.
• Integrated Pre-Separation Water Devices (一体化预分水装置) Jointly developed with Sinopec Petroleum Exploration and Development Research Institute. Combines grid oil-water-solid separation with high-efficiency lateral diffusion technology, achieving 50% investment and 30% footprint reduction versus traditional processes. Used in oilfield production operations.
• Flexible Composite Pipes (柔性复合管) High-pressure polymer composite pipes with up to 70MPa pressure resistance and 110°C temperature tolerance. Annual production capacity of 5,000 km. Includes non-adhesive and adhesive variants for oil-gas gathering, water injection, and shale gas applications.
• Desulfurization Devices (脱硫装置) Chemical injection systems for wellhead and gathering pipelines delivering desulfurizers, neutralizers, and defoamers to effectively remove acid gas and achieve desulfurization targets. Used in oil and gas gathering and processing operations.
• Equipment Leasing Services (设备租赁) Comprehensive oil and gas field pressure boosting equipment rental with technical services. Provides single-well and multi-well continuous boosting operations with 8,000+ hours fault-free operation guarantee. Serves oilfield operators including Sinopec.
• Maintenance and Operations Services (维保运营) Operation and maintenance services for natural gas compressor units, engines, valves, and instruments for Sinopec and CNPC oilfield operations.
• LNG/CNG Station Projects (LNG加气站项目) Investment, construction and operation of LNG/CNG refueling stations, industrial point supply stations, and city gas projects for industrial energy users and clean energy operators.
• Natural Gas (LNG/CNG) Operations (天然气LNG/CNG运营) LNG and CNG trading, logistics, industrial user fuel replacement solutions, distributed energy development, and city gas transmission construction management.
• City Gas Transmission Construction (城建燃气输配建设) City gas pipeline construction and management with 100,000 cubic meters daily natural gas processing capacity and approximately 25,000 tons annual LNG production capability.
• Renewable Energy Construction (可再生能源建设) Solar, wind, hydrogen charging and energy networking solutions covering full lifecycle from investment and R&D to design, construction and operations management.
• Photovoltaic Industry Services (光伏产业) Partnership with Sungrow for PV inverter supply, including 300MW Yumen Oilfield project and distributed and centralized photovoltaic projects in Ordos and Tianjin.
• Hydrogen Production and Refueling Solutions (制氢、加氢配套解决方案) Partnership with Sungrow Hydrogen Division for customized electrolytic water hydrogen production (gas-liquid separation) and hydrogen refueling station compressor products for CNPC and Sinopec projects.
• Information Automation and Integration (信息化集成) Full industrial chain IT solutions including solar power, EPC, base station operations, pipeline intelligent solutions. Smart oilfield AI machine vision project for Northwest Oilfield covering well monitoring, perimeter security, and decision support. Used by oil and gas companies including Sinopec and CNOOC.
• 52MPa Ultra-High Pressure Gas Injection Compressor 52MPa ultra-high pressure gas injection compressor unit commissioned at Sinopec Northwest Oilfield Shunbei Area 4-6 injection station, with daily exhaust volume exceeding 230,000 cubic meters. Used for enhanced oil recovery and gas injection applications.
• Indonesia PERTAMINA Gas-Driven Compressor Systems Two gas-driven compressor units delivered to Indonesia's PT PERTAMINA SIMENGGARIS project, featuring secondary compression following API and ASME standards. Units passed 72-hour and 168-hour load operation acceptance tests.
• State Grid Oil-Free Reciprocating Compressor Oil-free reciprocating compressor delivered for State Grid oilfield technical renovation project. Complete skid-mounted structure with compressor, motor, coupling, air cooler, and PLC control system.
• Skid-Mounted Rooms for Wellhead Surface Control Integrated Devices Skid-mounted rooms for wellhead surface control integrated devices integrating control systems, air conditioning, and electric heating into a mobile, modular housing designed for harsh oilfield environments. No. 1 bid winner for Sinopec oilfield procurement tender in 2026.

Quantifiable outcome

• 52MPa ultra-high pressure compressor technology achieving domestic leadership
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Abu Dhabi Local DistributorcoreChannel Partner/ Reseller/ Distributor · 6 November 2025Leishen Energy signed a supply agreement with a local distributor in Abu Dhabi as part of its strategic expansion into the Middle East and international markets during ADIPEC 2025
• GL GroupminorStrategic or Co-development Partner · 6 November 2025Leishen Energy discussed future cooperation with GL Group in Azerbaijan and Turkey markets during ADIPEC 2025
• Cooper Machinery ServicescoreOEM/ Whitelabel/ Licensing Partner · 6 November 2025Leishen Energy received upgrade to authorized manufacturer status for Cooper Machinery Services, enabling broader market access and product distribution
• 阳光电源 (Sungrow/Sunshine Power Group)coreStrategic or Co-development PartnerDeep cooperation with Sunshine Power Group hydrogen division for customized hydrogen production (electrolyzer gas-liquid separation) and hydrogen station compressor products design, R&D and implementation for CNPC and Sinopec projects
• 石化盈科信息技术有限责任公司 (Petrochem CPCC)coreTechnology or IntegrationDeep cooperation with Petrochem CPCC to provide IT services including servers, storage, network infrastructure, video surveillance, photovoltaic products, and integrated solutions for Sinopec oilfield and downstream projects
• 中石化石油勘探开发研究院 (Sinopec Petroleum Exploration and Development Research Institute)coreStrategic or Co-development PartnerJoint development of integrated pre-separation device combining proprietary technologies for oil-water-solid separation

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Atlas Copco: Global leader in compressors and industrial equipment. Atlas Copco serves oil and gas with reciprocating and oil-free compressors, competing head-to-head with Leishen's 52 MPa compressors and expander products in international NOC tenders.
• Ingersoll Rand: Major compressor and pump manufacturer with a strong oil and gas portfolio including reciprocating compression. Directly comparable business model to Leishen's equipment manufacturing and aftermarket services.
• Burckhardt Compression: Swiss specialist in reciprocating compressors for oil and gas, petrochemical, and industrial gas applications. Closest global specialist peer to Leishen's 52 MPa ultra-high-pressure reciprocating compressors for gas injection and gas storage.
• ARIEL Corporation: US-based manufacturer of reciprocating compressors primarily serving oil and gas production, gas processing, and gas transmission. Directly comparable to Leishen's reciprocating compressor units and aftermarket services.
• Chart Industries: Specializes in cryogenic and liquefied gas equipment including LNG infrastructure. Comparable to Leishen's LNG/CNG operations, city gas distribution, and cryogenic processing components within its clean energy segment.
• Kaishan Group: China-based manufacturer of industrial compressors and expanders with strong domestic presence in oil and gas and industrial gas. Competes with Leishen directly in Chinese onshore E&P and gas processing applications.
• Suzhou Hailu Heavy Industry: Chinese manufacturer of large-scale reciprocating compressors and pressure vessels for petrochemical, oil and gas, and metallurgical applications. Direct competitor to Leishen's Huayou Lanhai subsidiary in high-pressure compressor markets.

Regional players

• Shenyang Blower Works: Major Chinese turbomachinery OEM producing centrifugal compressors, blowers, and steam turbines. Competes with Leishen in Chinese oil and gas, petrochemical, and metallurgical applications but with a much broader turbomachinery portfolio.

Broad incumbents

• Solar Turbines (Caterpillar): Subsidiary of Caterpillar manufacturing industrial gas turbines for oil and gas, power generation, and pipeline applications. Comparable to Leishen's turbo expander products and broader oil and gas equipment offerings, with substantially larger global scale.
• Flowserve Corporation: Global provider of pumps, valves, seals, and related oil and gas field equipment. Comparable adjacent incumbent serving the same upstream and midstream NOC customers as Leishen, with a broader mechanical equipment portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leishen Energy