Lucas GC Limited reported first-half fiscal 2026 results showing revenue of US$35.7 million, a 36.6% decline from the prior year period, driven by reduced demand for outsourcing services amid macroeconomic headwinds in China. Despite the top-line contraction, gross margin expanded to 35.4%, up 1.7 percentage points, as management prioritized higher-value technology solutions and optimized operating expenses. Net income decreased slightly by 7.6% year-over-year to US$2.9 million, while net cash provided by operating activities more than doubled to US$1.2 million. The company also completed a private placement of ordinary shares raising RMB280.0 million (US$40.8 million). Lucas GC Limited is an AI technology-driven Platform-as-a-Service company applying technologies in human resources and insurance industry verticals.
