Chinese machine vision product provider Silwell (LHSW.US) sets IPO pricing at 4-5 dollars per share, aiming to raise approximately 9 million dollars.

On Thursday, Eastern US time, Lianhe Sowell International Group, a machine vision products and solutions provider from China, announced the terms of its initial public offering (IPO) on the US stock market. The company, headquartered in Shenzhen, China, plans to issue 2 million shares of stock at a price of $4 to $5 per share, raising approximately $9 million. Based on the midpoint of the proposed price range, Sowell's market value will be around $234 million. Records show that Sowell focuses on providing machine vision products and solutions in China, aiming to innovate and integrate technologies and solutions to address key production, manufacturing, and distribution challenges. Based on nine fundamental technologies, its solutions combine physical products with software to capture and analyze visual information. The company's machine vision products are mainly divided into four categories based on application scenarios: industrial machine vision, artificial intelligence (facial recognition and AI behavior analysis), intelligent weak current (building intelligence and intelligent transportation), and electronic customs clearance. In terms of revenue structure, Sowell's revenue mainly comes from three sources: electronic products, software sales, and engineering projects. In the 2024 fiscal year, the revenue breakdown was 86%, 14%, and 0% for electronic products, software, and engineering, respectively. Electronic products accounted for the majority of revenue, while the 0% share of income from engineering projects in the current year is due to project-based cooperation and no new projects during the period. According to statistics, Sowell's revenue for the fiscal years 2022 (12 months ending March 31), 2023, and 2024 were $0.9493 million, $13.0706 million, and $36.5987 million, respectively, showing a significant increase in revenue. The net profits for the same periods were -$0.3911 million, $1.61 million, and $2.8178 million, showing continuous growth after turning a loss. The standout year was 2024, where electronic product revenue grew by 195%, software product revenue by 211%, and both businesses contributed to a total revenue increase of 180%, leading to a 75% increase in net profit to $2.8178 million. The company, founded in Shenzhen, China in 2007, plans to be listed on the NASDAQ stock market with the ticker symbol "LHSW." The Benchmark Company and R.F. Lafferty & Co. are the joint bookrunners for this transaction.