Lucas GC Limited Ordinary Shares

Lucas GC reported first-half revenue fell 36.6% year-over-year to RMB 245.3M, which the company attributed to softer demand and a shift away from low-margin lines. Gross margin improved by 1.7 percentage points to 35.4%, producing a gross profit of RMB 86.9M. Operating expenses dropped 47.0% to RMB 61M, helping operating income rise 69.1% to RMB 25.9M. Net income dipped just 7.6% to RMB 19.9M, while net margin rose from 5.5% to 8.0%. Financing cash flow surged following a private placement that brought in RMB 280M in gross proceeds.

Lucas GC Limited announced that it will effect a 125-for-one share consolidation of its Class A and Class B ordinary shares, effective September 1, 2026. The consolidation, approved by shareholders in December 2025 and modified by the board's authorized person in August 2026, will reduce the authorized share capital to US$50,000 divided into 20 million shares with a par value of US$0.025 each. Trading on the Nasdaq Capital Market will begin on a consolidation-adjusted basis, with a new CUSIP number G57037122 assigned. No fractional shares will be issued; entitlements will be rounded up to the nearest whole share. The company anticipates the consolidation will increase the market price per share of its Class A ordinary shares.