Lucas GC Limited Announces 1H 2026 Financial Results: Revenue at US$35.74 million with Increases in Gross Margin
Globe Newswire•07/10/2026•09:00 ET
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Key Highlights
- ➤Revenue $35.7 million, down 36.6% year-over-year
- ➤Gross margin rose 1.7 percentage points to 35.4%
- ➤Net income RMB19.9 million, down 7.6% year-over-year
- ➤Private placement generated RMB280.0 million in financing proceeds
- ➤Partnership investment deposits reached RMB279.4 million
Expert Statements
Howard Lee, Chief Executive Officer of Lucas
“Our first-half performance highlights the success of our ongoing pivot from providing traditional service into higher value-added technology services. While macroeconomic headwinds in China and our strategic shift from lower-margin contracts impacted top-line revenue, our focus on higher-margin product lines and expansion delivered remarkable bottom-line expansion. In return, our gross margin expanded by 1.7% to 35.4%, while net income decreased slightly by 7.6% year-over-year to RMB19.9 million, with a net margin of 8.0%.”
NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company, applying such technologies in human resources and insurance industry verticals today announced its financial results for 1H fiscal year of 2026.
1H 2026 Financial Highlights * Our revenue was RMB245.3 million (US$35.7 million) for the six months ended June 30, 2026, compared with RMB386.9 million for the six months ended June 30, 2025, representing a decrease of 36.6%.
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