Lucas GC 1H 2026 net income drops 8% to RMB 19.9 million; revenue falls 37% to RMB 245.3 million
LGCL•Lucas GC reported first-half 2026 revenue of RMB 245.29 million, down 37% year over year, and net income of RMB 19.86 million, down 8%.
1. First-half results
Lucas GC reported first-half 2026 revenue of RMB 245.29 million, down 37% year over year, and net income of RMB 19.86 million, down 8%. Gross margin widened 1.7 percentage points to 35.4%, while net income margin rose to 8.0% from 5.5%. Outsourcing service revenue fell 36% to RMB 213.66 million, and recruitment service revenue declined 17% to RMB 26.27 million. CEO Howard Lee cited a pivot from traditional services to higher value-added technology services, with lower-margin contracts weighing on revenue.
