Lucas GC reports H1 2026 revenue of $35.74 million

• Lucas GC reported first-half 2026 revenue of $35.74 million, reflecting lower overall revenue alongside expanded margins.
• Following the financial report, the company's share price traded lower at $1.65.
• The company expects its strategic transition toward higher-margin services to continue offsetting softer customer demand.

Lucas GC (NASDAQ:LGCL) reported its first-half financial results for the period ended June 30, 2026, generating total revenue of $35.74 million (RMB245.3 million).

Total revenue decreased 36.6% year over year, driven by weaker customer demand and a deliberate corporate shift toward higher-margin service offerings.

Performance across individual segments showed outsourcing revenue down 36.1%, recruitment revenue falling 17.4%, and other services dropping 74%.

Despite the lower top-line figures, gross profit fell at a slower rate of 33.4% to RMB86.9 million, pushing the gross margin up from 33.7% to 35.4%.

Following the announcement, Lucas GC's share price was down at $1.65.

Operating income increased 69.1% year over year to RMB25.865 million as operating expenses successfully declined by 47.0%.

Net income reached RMB19.856 million, down 7.6%, while the net profit margin expanded from 5.5% to 8% supported by improved operational efficiency and a 91.9% surge in operating cash flow to RMB8.345 million.