Lianhe Sowell International Group Ltd. (Nasdaq: LHSW), a provider of machine vision and AI solutions, officially went public on the Nasdaq stock exchange on April 3 (Eastern Standard Time), raising total gross proceeds of US$8 million.

With this addition, Nanshan now has 217 publicly traded companies.

In the recent fiscal year 2024, Lianhe Sowell has maintained fast growth in performance. From March 2023 to March 2024, the company’s revenue reached US$36.59 million, a year-on-year increase of 180%, and profit increased by 75%.

After going public, the company expects to allocate 45% of the raised funds for the construction of a spray painting robots factory.

Leveraging its proprietary industrial machine vision technologies, coupled with a clear strategic roadmap, the company hopes to accelerate its expansion into the burgeoning upgrade of equipment across key industries, such as automotive, biopharmaceutical, logistics, aerospace, and shipbuilding.

Nanshan is a robotics powerhouse in Shenzhen, with the added value of the robotics industry accounting for about 30% of the city’s total, statistics showed. In the field of embodied AI robots, the whole industrial chain has gathered more than 20 high-quality enterprises and institutions.