Lucas GC Limited Announces 1H 2024 Financial Results: Revenue at US$83.32 million with Increases in Both Gross Margin and Net Income Margin
Lucas GC Limited (LGCL)
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied to the human resources, insurance and wealth management industry verticals, today announced its financial results for 1H fiscal year of 2024. 1H 2024 Financial Highlights Our revenue was RMB605.52 million (US$83.32 million) for the six months ended June 30, 2024, compared with RMB820.07 million for the six months ended June 30, 2023, representing a decrease of 26.16%.We recorded a gross margin of 33.54% for the six months ended June 30, 2024, representing an increase of 516 bps compared with that of the six months ended June 30, 2023.We recorded net income of RMB53.93 million (US$7.42 million) for the six months ended June 30, 2024, compared with RMB53.69 million for the six months ended June 30, 2023.Our net income margin increased to 8.91% fo
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News
- Lucas GC Limited Received a Significant Invention Patent in Artificial Intelligence Related to Human ResourcesGlobeNewswire
- Lucas GC Limited Participated In Drafting Industry Standard for Green Intelligent Computing CenterGlobeNewswire
- Lucas GC Limited Announces Status of US$6 Million Share Repurchase ProgramGlobeNewswire
LGCL
Sec Filings
- 12/11/24 - Form S-8
- 11/8/24 - Form 144
- 11/8/24 - Form 6-K
- LGCL's page on the SEC website