Lucas GC Ltd

We are a technology-driven, agent-centric online human capital management service provider targeting professionals in China, operating on a Platform-as-a-Service (PaaS) model. We utilize AI, data analytics, and blockchain technologies to digitalize and intellectualize the human capital management process. We provide a platform that supports trusted and private social networks for professionals, offering recruitment services, outsourcing services, and other services such as information technology services and training services. Our primary users are professionals in human resources-related functions, and our corporate customers are companies with recruitment, training, sales leads generation, and outsourcing needs. Our major business segments include recruitment services, outsourcing services, and other services (information technology services and training services). Our recruitment services, delivered through platforms like Columbus and Star Career, leverage a talent scout network and technology infrastructure to help corporate customers find, train, manage, and retain skilled workers. For the years ended December 31, 2023, 2024, and 2025, our total revenue was RMB1,474.0 million, RMB1,063.4 million, and RMB1,042.3 million (US$149.0 million), respectively, representing a decrease of 27.9% and a decrease of 2.0%. Gross profit for the same periods was RMB418.6 million, RMB357.4 million, and RMB352.0 million (US$50.3 million), respectively, representing a decrease of 14.6% and a decrease of 1.5%.