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 Ordinary Shares1H revenue fell 36.6% on softer demand but operating income jumped 69.1% on cost cuts and margin improvement, plus RMB 280M private placement proceeds.
