LHSW on Nasdaq

Lianhe Sowell International Group Ltd

Lianhe Sowell International Group Ltd is a prepackaged software services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol LHSW.1

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Last updated Oct 20, 2026.

Overview

$43.3MRevenue, fiscal 20262
-$5.7MNet income, fiscal 20262

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  • TickerLHSW on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business address15Th Floor, Sannuo Smart Building,, No. 3388 Binhai Ave, Binhai Community,, Nanshan District, Shenzhen, 5180003
  • Filer category, Emerging growth company3

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Sowell was incorporated in the Cayman Islands on July 26, 2023, with limited liability under the Companies Act. Upon incorporation, the authorized share capital of our company was US$50,000 divided into 500,000,000 shares, par value of US$0.0001 each. Sowell is a holding company with no material operations of its own, and conducts substantially all of its operations through Shenzhen Sowell and its subsidiaries. Shenzhen Sowell was incorporated on April 6, 2007 with Yue Zhu being the sole shareholder of all outstanding equity interest. Among Shenzhen Sowell’s subsidiaries, (i) Suzhou Sowell was incorporated on August 24, 2022 with Shenzhen Sowell being the sole shareholder, (ii) Shenzhen Sowell Digital was incorporated on October 15, 2021 with Shenzhen Sowell holding 80% of all outstanding equity interest, (iii) Shenzhen Aiyin was incorporated on July 5, 2022 with Shenzhen Sowell holding …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

21.4%Gross margin2
-15.8%Operating margin2
-13.2%Net margin2
18.4%Revenue growth, 20262
-41.1%Return on equity2
-$9.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Trading Of Electronic Products brought in 71% of the revenue Lianhe Sowell International Group Ltd broke down this way in fiscal 2026.

  1. Trading Of Electronic Products$30.8M271%up 40% from 2025
  2. Software, Internally Developed$12.4M229%down 15% from 2025
Products and services by year
Products and services202420252026
Trading Of Electronic Products$31.3M$22.0M$30.8M
Software, Internally Developed$5.3M$14.6M$12.4M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue79¢$34.0M
  • Research and development18¢$7.8M
  • Income tax3¢$1.3M

Out of $43.3M in revenue.2 The company lost money this year.

Financial statements

Revenue52$43.3M in 2026+231% since 2023
0$20.0M$40.0M$60.0M2023: $13.1M$13.1M20232024: $36.6M$36.6M2024+180%2025: $36.5M$36.5M2025−0%2026: $43.3M$43.3M2026+18%
Gross profit52$9.3M in 2026+176% since 2023
0$2.5M$5.0M$7.5M$10.0M2023: $3.4M$3.4M20232024: $8.0M$8.0M2024+137%2025: $9.6M$9.6M2025+20%2026: $9.3M$9.3M2026−3%
Operating income52-$6.8M in 2026
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2023: $1.8M$1.8M20232024: $3.0M$3.0M2024+63%2025: $3.1M$3.1M2025+3%2026: -$6.8M-$6.8M2026
Net income52-$5.7M in 2026
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2023: $1.6M$1.6M20232024: $2.8M$2.8M2024+75%2025: $3.1M$3.1M2025+11%2026: -$5.7M-$5.7M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
REVENUES$43.3M$36.5M$36.6M
COST OF REVENUES-$34.0M-$27.0M-$28.6M
GROSS PROFIT$9.3M$9.6M$8.0M
Selling expenses-$1.1M-$782.5K-$323.0K
General and administrative expenses-$7.2M-$2.3M-$2.4M
Research and development expenses-$7.8M-$3.5M-$2.3M
Total operating expenses-$16.1M-$6.5M-$5.0M
OPERATING (LOSS) INCOME-$6.8M$3.1M$3.0M
Interest income$471$270$696
Interest expense-$130.2K-$101.7K-$57.9K
Other income$255.9K$166.9K$203.5K
Other expense-$263.6K-$47.3K-$201.6K
Disposal gain of a subsidiary$60.6K
Total other (expense) income, net-$137.4K$78.8K-$55.4K
(LOSS) INCOME BEFORE INCOME TAXES-$7.0M$3.2M$2.9M
Benefit from (provision for) income taxes$1.3M$24.6K-$109.6K
NET (LOSS) INCOME-$5.7M$3.2M$2.8M
Less: net income (loss) attributable to non-controlling interests$44.6K$57.9K-$89
Net (loss) income attributable to shareholders of the Company-$5.7M$3.1M$2.8M
Foreign currency translation adjustment$528.6K-$69.0K-$187.1K
Total comprehensive (loss) income-$5.1M$3.1M$2.6M
Less: comprehensive income (loss) attributable to non-controlling interests$44.6K$57.9K-$89
Comprehensive (loss) income attributable to shareholders of the Company-$5.2M$3.1M$2.6M
Earning per share basic (in Dollars per share)-$1.74$1.00$0.90
Earning per share diluted (in Dollars per share)-$1.74$1.00$0.90
Basic weighted average shares outstanding (in Shares)3.3M shares3.1M shares3.1M shares
Diluted weighted average shares outstanding (in Shares)3.3M shares3.1M shares3.1M shares

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Corporate structure

Lianhe Sowell International Group Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lianhe Sowell International Group Ltd

  • Yue Zhu Filed SCHEDULE 13D/A on Lianhe Sowell International Group Ltd, latest Jul 2, 2026 (3 filings since Aug 11, 2025)
  • Dengyao Jia Filed SCHEDULE 13D on Lianhe Sowell International Group Ltd, latest Sep 10, 2025 (2 filings since Aug 11, 2025)
  • Lianhe Sowell International Group Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lianhe Sowell International Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$271.7K2 Mar 31, 2026$123.8K2 Mar 31, 2025+119.4%
Accumulated depreciation$93.3K2 Mar 31, 2026$56.7K2 Mar 31, 2025+64.5%
Property and equipment, net$142.3K2 Mar 31, 2026$67.1K2 Mar 31, 2025+112.1%
Operating-lease assets (leased space)$1.0M2 Mar 31, 2026$120.9K2 Mar 31, 2025+754.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.9M2 Mar 31, 2026$108.7K2 Mar 31, 2025+1633.8%
Deposits held (banks)$54.7K2 Mar 31, 2026$722.4K2 Mar 31, 2025−92.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$46.1K2 Mar 31, 2026$42.3K2 Mar 31, 2025+9.0%
Accumulated amortization$20.3K2 Mar 31, 2026$12.1K2 Mar 31, 2025+68.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$821.1K2 Mar 31, 2026
Finished goods$1.1M2 Mar 31, 2026$130.8K2 Mar 31, 2025+773.9%

Leadership

Who has led Lianhe Sowell International Group Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yue Zhu2026–now

Chief financial officer

  1. Tracy Chui-Kam Ng2026–now
Board members and other officers (4)

Timeline

  1. Mar 18, 2026New chief executive Yue Zhu becomes CEO6

Filings

78 filings to the SEC since October 2021: 2 annual reports, 9 insider forms, 5 large holders, 62 other. The latest 20:

  1. Sep 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 3, 2026424B4 PROSPECTUS EDGAR
  4. Sep 3, 2026F-1MEF REGISTRATION STATEMENT EDGAR
  5. Aug 31, 2026EFFECT EDGAR
  6. Aug 27, 2026F-1/A AMENDMENT NO. 1 TO FORM F-1 EDGAR
  7. Aug 19, 2026F-1 REGISTRATION STATEMENT EDGAR
  8. Aug 13, 202620-F ANNUAL REPORT EDGAR
  9. Jul 31, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  10. Jul 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jul 2, 2026SCHEDULE 13D/A EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jul 2, 2026DRS EDGAR
  15. Jun 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jun 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jun 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. May 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Apr 16, 2026SCHEDULE 13D EDGAR
  20. Apr 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 78 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Yue ZhuSCHEDULE 13D/A, 3 filings Aug 11, 2025 to Jul 2, 202611
  • Dengyao JiaSCHEDULE 13D, 2 filings Aug 11, 2025 to Sep 10, 202512

SEC filer profile

How Lianhe Sowell International Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLianhe Sowell International Group Ltd1
  • CIK0002004024
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address15Th Floor, Sannuo Smart Building,, No. 3388 Binhai Ave, Binhai Community,, Nanshan District, Shenzhen, 518000, China1
  • Phone86 40061696291
  • Shares outstanding3,250,000 Common Class A shares; 62,500 Common Class B shares as of Mar 31, 20264
  • AuditorEliteCPA P.C., Piscataway, New Jersey PCAOB ID 7238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 29, 20231
  • Filings78 in all: 6-K (25), CORRESP (7), F-1/A (7), 3 (6), UPLOAD (6), 20-F (2), 4 (2), 424B4 (2)1
    All 22 form types

    DRS (2), DRS/A (2), EFFECT (2), F-1 (2), NT 20-F (2), SCHEDULE 13D (2), SCHEDULE 13G (2), 3/A (1), 8-A12B (1), CERT (1), DRSLTR (1), F-1MEF (1), FWP (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (20-F) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value $0.0016LHSWNasdaq

From the cover page of the 20-F filed Aug 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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