Lianhe Sowell stock saw a big jump in turnover after its split, with post-split trading topping 18 times the number of Class A shares.
NEW YORK, July 6, 2026, 10:05 EDT
- Lianhe Sowell International Group Ltd NASDAQ:LHSW last traded at $5.88, up $4.08 on the day as volume hit 60.6 million shares.
- Trading volume was nearly 18.6 times the 3.25 million Class A shares reported after the company’s reverse split in June.
- Lianyue Holding, led by CEO Yue Zhu, now has 97.69% of total voting rights after a $396,000 Class B share deal.
- The Nasdaq has given the company until July 21 to regain bid-price compliance. It has to close at $1 or above for at least 10 business days straight.
Lianhe Sowell International Group Ltd NASDAQ:LHSW jumped early Monday on the Nasdaq. Last quote was $5.88. The stock traded between $2.75 and $7.46 in the session. LHSW was up about 227% from its last close, a gain of $4.08. Volume hit 60.6 million shares.
Traders watching the stock Monday saw more than the price move. Trading volume was huge—roughly 18.6 times the 3,250,033 Class A ordinary shares the company said were outstanding as of June 30. Even if you count the extra 2.4 million new Class B shares sold to Lianyue Holding, turnover still came in at about 10.4 times the combined ordinary-share float according to filings.
| Trading and structure measure | Figure |
|---|---|
| Last price shown | $5.88 |
| Range for the day | $2.75-$7.46 |
| Total volume | 60.6 mln shares |
| Reported Class A shares | 3.25 mln |
| Volume to Class A | 18.6x |
| Implied shares out (after Class B) | 5.84 mln |
| Volume to implied shares | 10.4x |
Lianyue Holding, which is fully owned by CEO and Chairman Yue Zhu, agreed to buy 2.4 million Class B ordinary shares from the company at $0.165 each, according to the latest governance filing. The $396,000 deal was not an open-market purchase. After this, Zhu, through Lianyue, owned 939,688 Class A shares and 2.55 million Class B shares, or 97.69% of total voting power.
The voting structure is key here. Class B shares have 100 votes each, Class A just one. Shareholders can swap Class B for Class A at a 1:1 rate whenever they want.
Lianhe reset its share count with a 1-for-16 reverse split that took effect at the open on June 22. The stock kept its LHSW ticker. The CUSIP switched to G5480C112. The company said the move was to keep its spot on the Nasdaq Capital Market. After the split, Class A shares fell from 52.0 million to about 3.25 million, and Class B dropped from 3.0 million to about 187,500, subject to rounding.
Lianhe said Nasdaq told it on Jan. 22 that its shares fell under the $1 minimum bid price and the company was not in compliance. The first window to fix this runs to July 21. Nasdaq says Lianhe has to close at or above $1 for 10 days in a row to get back in line.
With the latest quote and reported share totals, here’s how the price scenarios stack up. Class B shares are shown at the Class A price just for reference—not as guidance from the company.
| Price scenario | Share price | Move vs $5.88 | Class A line value | Ordinary-share value |
|---|---|---|---|---|
| Test Monday’s top again | $7.46 | +26.9% | $24.2 mln | $43.5 mln |
| Stay at current quote | $5.88 | 0.0% | $19.1 mln | $34.3 mln |
| Keep half of Monday rally | $3.84 | -34.7% | $12.5 mln | $22.4 mln |
| Slip back to last close | $1.80 | -69.4% | $5.9 mln | $10.5 mln |
| Fall under $1 mark | $1.00 | -83.0% | $3.3 mln | $5.8 mln |
Lianhe’s business base is mixed and smaller. The company logged $26.54 million in revenue for the six months to Sept. 30, 2025, up 56.9% year over year. Net loss was $0.69 million after reporting $1.25 million in net income a year ago. Cash and cash equivalents stood at $90,608 as of Sept. 30.
| Financial base | Reported six months ended Sept. 30, 2025 | Simple annualized run rate |
|---|---|---|
| Revenue | $26.54 mln | $53.08 mln |
| Gross margin | 25.3% | 25.3% |
| Net loss | $0.69 mln | Loss of $1.37 mln |
| Cash and equivalents | $0.09 mln | n/a |
Lianhe’s commercial updates this month have focused on overseas robot sales, not a new Monday deal. On June 24, it announced new supply agreements covering West and Southern Africa. The deals include 10 AI-driven automotive painting robots bound for West Africa, plus a pilot in South Africa. “We are pleased to expand our presence,” Zhu said. GlobeNewswire
Lianhe announced June 8 that it signed a deal to supply painting robots for use in Thailand and other ASEAN markets. Zhu said the company was “excited to enter” the region and expects to ship more robots there by the end of 2026. GlobeNewswire
Nasdaq’s holiday calendar for 2026 showed July 3 was closed for Independence Day observed. Monday marked the first regular U.S. session to open after that. The next specific date for companies is the July 21 Nasdaq compliance deadline.
