Estados financieros detallados de Lianhe Sowell International Group Ltd Ordinary Shares (LHSW): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 21.4%, margen operativo -15.8%, margen neto -13.2%.
Al precio actual de $0.50, LHSW presenta beneficios negativos (P/E no significativo) y un ROE del -36.62%. La capitalización bursátil es de $2M.
Cuenta de Resultados (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $949341 | $13.1M | $36.6M | $36.5M | $43.3M |
| Coste de Ventas | $473882 | $9.7M | $28.6M | $27.0M | $34.0M |
| Beneficio Bruto | $475459 | $3.4M | $8.0M | $9.6M | $9.3M |
| I+D | $473893 | $449828 | $2.3M | $3.5M | $7.8M |
| Generales y Administrativos | $466172 | $1.1M | $2.7M | $3.0M | $8.3M |
| Gastos Operativos | $940065 | $1.5M | $5.0M | $6.5M | $16.1M |
| Beneficio Operativo | -$464606 | $1.8M | $3.0M | $3.1M | -$6.8M |
| EBITDA | -$371601 | $1.9M | $3.1M | $3.6M | -$6.4M |
| Gastos por Intereses | $68021 | $60242 | $57941 | $101713 | $130207 |
| Beneficio Antes de Impuestos | -$523375 | $1.8M | $2.9M | $3.2M | -$7.0M |
| Impuestos | -$132288 | $230297 | $109622 | -$24605 | -$1.3M |
| Beneficio Neto | -$391081 | $1.6M | $2.8M | $3.1M | -$5.7M |
| BPA | $-0.12 | $0.52 | $0.90 | $0.00 | $-27.84 |
| BPA Diluido | $-0.12 | $0.52 | $0.90 | $0.00 | $-27.84 |
| Acciones en Circulación (Diluidas) | $3.1M | $3.1M | $3.1M | $3.1M | $204616 |
Balance (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $150317 | $752007 | $206187 | $108745 | $1.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $2.0M | $8.1M | $14.4M | $20.6M | $24.8M |
| Inventario | 0 | 0 | 0 | 0 | $821126 |
| Activos Corrientes | $2.4M | $9.0M | $15.5M | $23.1M | $27.5M |
| Inmovilizado Material | $51579 | $35195 | $454057 | $188000 | $1.2M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $10260 | $9418 | $11566 | $42321 | $46110 |
| Activos Totales | $2.7M | $9.2M | $19.1M | $30.7M | $41.0M |
| Cuentas por Pagar | $198295 | $3.2M | $4.8M | $11.8M | $10.2M |
| Deuda a Corto | $202807 | $693024 | $1.8M | $2.1M | $6.4M |
| Pasivos Corrientes | $1.2M | $5.8M | $10.9M | $18.7M | $25.7M |
| Deuda a Largo | $103232 | $218139 | $289323 | $425676 | $715874 |
| Pasivos Totales | $1.3M | $6.0M | $11.3M | $19.1M | $27.0M |
| Reservas | -$260585 | $1.3M | $4.0M | $7.0M | $1.3M |
| Patrimonio Neto | $1.3M | $3.2M | $7.8M | $11.6M | $13.9M |
| Deuda Total | $312781 | $911163 | $2.5M | $2.6M | $8.1M |
| Deuda Neta | $162464 | $159156 | $2.3M | $2.5M | $6.3M |
| Capital Circulante | $1.2M | $3.2M | $4.6M | $4.4M | $1.8M |
Flujo de Caja (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$391087 | $1.6M | $2.8M | $3.2M | -$5.7M |
| Amortizaciones | $83753 | $17756 | $143122 | $307233 | $445859 |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $1.3M |
| Cambio en Capital Circulante | $458153 | -$3.9M | -$5.6M | -$6.2M | -$6.7M |
| Flujo de Caja Operativo | $239201 | -$1.9M | -$1.4M | -$1.5M | -$9.0M |
| Inversiones (CapEx) | -$57618 | -$5257 | -$72126 | -$39928 | -$91953 |
| Adquisiciones | 0 | 0 | 0 | -$11732 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $181583 | -$1.9M | -$1.5M | -$1.5M | -$9.1M |
Crecimiento y Márgenes (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +1276.8% | +180.0% | -0.2% | +18.4% |
| Crecimiento Beneficio Neto (anual) | | +511.7% | +75.0% | +10.9% | -282.3% |
| Crecimiento BPA (anual) | | +512.8% | +75.2% | -100.0% | |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | -93.5% |
| Crecimiento FCF (anual) | | -1151.6% | +21.4% | -0.9% | -498.1% |
| Margen Bruto | 50.1% | 25.7% | 21.8% | 26.2% | 21.4% |
| Margen Operativo | -48.9% | 14.0% | 8.2% | 8.4% | -15.8% |
| Margen EBITDA | -39.1% | 14.7% | 8.5% | 9.8% | -14.8% |
| Margen Neto | -41.2% | 12.3% | 7.7% | 8.6% | -13.2% |
| Margen FCF | 19.1% | -14.6% | -4.1% | -4.1% | -20.9% |
| Tasa Impositiva Efectiva | 25.3% | 12.5% | 3.7% | -0.8% | 18.8% |
Datos por Acción (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.06 | $-0.61 | $-0.48 | $-0.48 | $-44.27 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $3.1M | $3.1M | $3.1M | $3.1M | $204616 |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -36.62% |
| Rentabilidad sobre capital invertido | -25.04% |
| Rentabilidad sobre activos | -13.89% |
| Margen bruto | 21.40% |
| Margen operativo | -15.77% |
| Margen neto | -13.16% |
Salud financiera
| Deuda / Patrimonio | 0.59 |
| Ratio corriente | 1.07 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 8.76 |
Ratios Clave (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -550.00 | 133.23 | 76.06 | 68.65 | -0.09 |
| P/VC | 162.36 | 66.04 | 27.33 | 18.50 | 0.04 |
| P/V | 225.95 | 16.41 | 5.86 | 5.87 | 0.01 |
| Margen Bruto | 50.1% | 25.7% | 21.8% | 26.2% | 21.4% |
| Margen Operativo | -48.9% | 14.0% | 8.2% | 8.4% | -15.8% |
| Margen Neto | -41.2% | 12.3% | 7.7% | 8.6% | -13.2% |