Lucas GC Limited (LGCL) Balance Sheet

NASDAQ: LGCLAssets, liabilities, debt and equity over 6 years.

LGCL balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥454.1M assets = CN¥139.8M liabilities + CN¥314.3M equity

Both columns are drawn to the same scale: what LGCL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

LGCL financial health

Current ratio1.61

Comfortable · current assets cover current liabilities 1.61×

Debt / equity0.30

Low leverage · CN¥0.30 of debt for each $1 of equity

Equity / assets68.6%

Equity-funded · of assets funded by shareholders

Cash / debt37.0%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles7.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

LGCL balance sheet trends, 2015–2025

Lucas GC Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥4.3M2015	CN¥454.1M2025	+153.4%/yr
Total liabilities	CN¥1.1M2015	CN¥139.8M2025	+161.5%/yr
Shareholders’ equity	CN¥3.2M2015	CN¥311.5M2025	+149.7%/yr
Cash & short-term investments	CN¥317,6562015	CN¥35.1M2025	+156.3%/yr
Total debt	CN¥11,6222020	CN¥94.9M2025	+8,937.4%/yr
Net cash (debt)	CN¥11.0M2020	−CN¥59.8M2025	−CN¥70.8M
Working capital	CN¥2.9M2015	CN¥85.5M2025	+CN¥82.6M
Current ratio	3.542015	1.612025	−1.93
Debt / equity	0.002020	0.302025	+0.30
Shares outstanding	16K2020	19K2025	+10.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

LGCL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

LGCL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

LGCL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

LGCL balance sheet in Chinese yuan

Lucas GC Limited annual balance sheet
	2025	2024	2020	2017	2016	2015
Assets
Cash & short-term investments	CN¥35.1M	CN¥33.2M	CN¥11.1M	CN¥9.9M	CN¥4.9M	CN¥317,656
Cash & equivalents	CN¥30.3M	CN¥30.4M	CN¥4.9M	CN¥9.9M	CN¥4.9M	CN¥317,656
Short-term investments	CN¥4.8M	CN¥2.8M	CN¥6.2M	—	—	—
Receivables	CN¥30.7M	CN¥61.1M	CN¥40.3M	CN¥17.6M	CN¥17.3M	CN¥816,400
Inventory	CN¥0	CN¥0	CN¥1	CN¥0	CN¥0	CN¥0
Other current assets	CN¥159.4M	CN¥169.2M	CN¥723,999	CN¥695,412	CN¥250,450	CN¥2.9M
Total current assets	CN¥225.3M	CN¥263.4M	CN¥52.1M	CN¥28.3M	CN¥22.5M	CN¥4.0M
Property, plant & equipment (net)	CN¥154.3M	CN¥85.0M	CN¥1.1M	CN¥237,168	CN¥179,896	CN¥230,989
Goodwill & intangible assets	CN¥34.8M	CN¥32.5M	CN¥0	CN¥0	CN¥0	CN¥0
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥39.7M	CN¥22.3M	CN¥9.3M	CN¥59,852	CN¥2.7M	CN¥69,785
Total assets	CN¥454.1M	CN¥403.3M	CN¥62.5M	CN¥28.6M	CN¥25.3M	CN¥4.3M
Liabilities
Accounts payable	CN¥35.6M	CN¥46.8M	CN¥42.9M	CN¥12.1M	CN¥12.9M	CN¥382,614
Short-term debt	CN¥94.9M	CN¥67.9M	CN¥11,622	—	—	—
Deferred revenue	CN¥2.8M	CN¥15.9M	CN¥23,242	—	—	—
Total current liabilities	CN¥139.8M	CN¥137.6M	CN¥7.3M	CN¥15.6M	CN¥18.9M	CN¥1.1M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	—	CN¥557,000	—	—	—	—
Other long-term liabilities	CN¥0	CN¥99,000	CN¥85.6M	CN¥0	CN¥0	CN¥0
Total liabilities	CN¥139.8M	CN¥137.7M	CN¥7.3M	CN¥15.6M	CN¥18.9M	CN¥1.1M
Shareholders' equity
Common stock & paid-in capital	CN¥3,001	CN¥3,000	CN¥459	CN¥2.9M	CN¥2.9M	CN¥2.9M
Retained earnings (deficit)	CN¥104.4M	CN¥97.1M	−CN¥10.8M	CN¥9.9M	CN¥3.2M	CN¥298,310
Accumulated other comprehensive income	CN¥24.9M	CN¥23.7M	CN¥258,723	−CN¥172,376	CN¥48,095	—
Minority interest	—	CN¥2.7M	—	—	—	—
Total shareholders' equity	CN¥311.5M	CN¥262.8M	CN¥2.6M	CN¥12.9M	CN¥6.4M	CN¥3.2M
Key figures
Total debt	CN¥94.9M	CN¥68.0M	CN¥11,622	—	—	—
Net cash (debt)	−CN¥59.8M	−CN¥34.8M	CN¥11.0M	—	—	—
Working capital	CN¥85.5M	CN¥125.9M	CN¥44.8M	CN¥12.7M	CN¥3.5M	CN¥2.9M
Tangible book value	CN¥276.6M	CN¥230.3M	CN¥2.6M	CN¥12.9M	CN¥6.4M	CN¥3.2M
Shares outstanding	19K	16K	16K	—	—	—
Current ratio	1.61	1.91	7.17	1.81	1.19	3.54
Quick ratio	0.47	0.69	7.07	1.77	1.17	0.99
Debt / equity	0.30	0.26	0.00	—	—	—
Equity / assets	68.6%	65.2%	4.2%	45.3%	25.3%	73.7%

Lucas GC Limited quarterly balance sheet
	Sep '26	Mar '26	Sep '25	Jun '25	Dec '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23	Mar '23
Assets
Cash & short-term investments	CN¥15.2M	CN¥35.1M	CN¥33.2M	CN¥31.5M	CN¥33.2M	CN¥51.5M	CN¥30.1M	CN¥30.1M	CN¥30.1M	CN¥52.6M	CN¥52.6M
Cash & equivalents	CN¥10.4M	CN¥30.3M	CN¥30.4M	CN¥30.1M	CN¥30.4M	CN¥51.5M	CN¥30.1M	CN¥30.1M	CN¥30.1M	CN¥52.6M	CN¥52.6M
Short-term investments	CN¥4.8M	CN¥4.8M	CN¥2.8M	CN¥1.4M	CN¥2.8M	—	—	CN¥0	—	CN¥4,000	CN¥4,000
Receivables	CN¥104.5M	CN¥30.7M	CN¥61.1M	CN¥47.2M	CN¥61.1M	CN¥46.4M	CN¥28.1M	CN¥28.1M	CN¥28.1M	CN¥43.4M	CN¥43.4M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.6M	CN¥172.6M	CN¥172.6M	CN¥0	CN¥234.2M	CN¥0
Other current assets	CN¥205.0M	CN¥159.4M	CN¥169.2M	CN¥169.3M	CN¥169.2M	CN¥223.7M	CN¥485,000	CN¥485,000	CN¥173.1M	CN¥1.4M	CN¥235.6M
Total current assets	CN¥324.6M	CN¥225.3M	CN¥263.4M	CN¥248.0M	CN¥263.4M	CN¥323.3M	CN¥231.3M	CN¥231.3M	CN¥231.3M	CN¥331.6M	CN¥331.6M
Property, plant & equipment (net)	CN¥151.2M	CN¥154.3M	CN¥85.0M	CN¥108.6M	CN¥85.0M	CN¥77.2M	CN¥48.4M	CN¥48.4M	CN¥48.4M	CN¥38.8M	CN¥38.8M
Goodwill & intangible assets	CN¥58.4M	CN¥34.8M	CN¥32.5M	CN¥51.7M	CN¥32.5M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥314.5M	CN¥39.7M	CN¥22.3M	CN¥50.5M	CN¥22.3M	CN¥12.9M	CN¥12.1M	CN¥12.1M	CN¥12.1M	CN¥4.7M	CN¥4.7M
Total assets	CN¥848.7M	CN¥454.1M	CN¥403.3M	CN¥458.8M	CN¥403.3M	CN¥413.4M	CN¥291.8M	CN¥291.8M	CN¥291.8M	CN¥375.1M	CN¥375.1M
Liabilities
Accounts payable	CN¥110.5M	CN¥35.6M	CN¥46.8M	CN¥28.1M	CN¥46.8M	CN¥52.0M	CN¥35.2M	CN¥35.2M	CN¥35.2M	CN¥62.4M	CN¥62.4M
Short-term debt	CN¥98.0M	CN¥94.9M	CN¥67.9M	CN¥91.1M	CN¥67.9M	CN¥58.3M	CN¥39.5M	CN¥39.5M	CN¥39.5M	CN¥26.3M	CN¥25.9M
Deferred revenue	CN¥20.0M	CN¥2.8M	CN¥15.9M	CN¥7.8M	CN¥15.9M	CN¥17.2M	CN¥13.6M	CN¥13.6M	—	CN¥108.6M	—
Total current liabilities	CN¥237.9M	CN¥139.8M	CN¥137.6M	CN¥132.2M	CN¥137.6M	CN¥133.3M	CN¥95.2M	CN¥95.2M	CN¥95.2M	CN¥202.9M	CN¥202.9M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	—	—	—	—	CN¥557,000	CN¥850,000	—	CN¥86,000	—	CN¥410,000	—
Other long-term liabilities	CN¥81,025	CN¥0	CN¥99,000	CN¥0	CN¥99,000	CN¥401,000	CN¥401,000	CN¥0	CN¥0	CN¥0	CN¥0
Total liabilities	CN¥238.0M	CN¥139.8M	CN¥137.7M	CN¥132.2M	CN¥137.7M	CN¥133.7M	CN¥95.2M	CN¥95.2M	CN¥95.2M	CN¥202.9M	CN¥202.9M
Shareholders' equity
Common stock & paid-in capital	CN¥57,020	CN¥3,001	CN¥3,000	CN¥2,999	CN¥3,000	CN¥3,000	CN¥3,000	CN¥3,000	CN¥3,000	CN¥3,000	CN¥3,000
Retained earnings (deficit)	CN¥124.1M	CN¥104.4M	CN¥97.1M	CN¥118.4M	CN¥97.1M	CN¥134.1M	CN¥80.6M	CN¥61.0M	CN¥80.6M	CN¥56.2M	CN¥56.2M
Accumulated other comprehensive income	CN¥21.4M	CN¥24.9M	CN¥23.7M	CN¥23.2M	CN¥23.7M	CN¥424,000	−CN¥13,999	CN¥19.5M	−CN¥14,000	−CN¥8,999	−CN¥9,000
Minority interest	—	—	—	—	CN¥2.7M	—	—	—	—	—	—
Total shareholders' equity	CN¥607.8M	CN¥311.5M	CN¥262.8M	CN¥323.7M	CN¥262.8M	CN¥276.8M	CN¥194.1M	CN¥194.1M	CN¥194.1M	CN¥169.8M	CN¥169.8M
Key figures
Total debt	CN¥98.1M	CN¥94.9M	CN¥68.0M	CN¥91.1M	CN¥68.0M	CN¥58.7M	CN¥39.5M	CN¥39.5M	CN¥39.4M	CN¥26.3M	CN¥25.9M
Net cash (debt)	−CN¥82.9M	−CN¥59.8M	−CN¥34.8M	−CN¥59.6M	−CN¥34.8M	−CN¥7.2M	−CN¥9.3M	−CN¥9.3M	−CN¥9.3M	CN¥26.3M	CN¥26.7M
Working capital	CN¥86.7M	CN¥85.5M	CN¥125.9M	CN¥115.9M	CN¥125.9M	CN¥190.0M	CN¥136.1M	CN¥136.1M	CN¥136.1M	CN¥128.6M	CN¥128.6M
Tangible book value	CN¥549.3M	CN¥276.6M	CN¥230.3M	CN¥272.0M	CN¥230.3M	CN¥276.8M	CN¥194.1M	CN¥194.1M	CN¥194.1M	CN¥169.8M	CN¥169.8M
Shares outstanding	273K	22K	16K	—	2.0M	16K	16K	78.1M	78.1M	16K	78.1M
Current ratio	1.36	1.61	1.91	1.88	1.91	2.43	2.43	2.43	2.43	1.63	1.63
Quick ratio	0.50	0.47	0.69	0.60	0.69	0.73	0.61	0.61	0.61	0.47	0.47
Debt / equity	0.16	0.30	0.26	0.28	0.26	0.21	0.20	0.20	0.20	0.15	0.15
Equity / assets	71.6%	68.6%	65.2%	70.6%	65.2%	67.0%	66.5%	66.5%	66.5%	45.3%	45.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 20, 2026); data from EODHD.

LGCL financial position

At the end of fiscal 2025 (December 31, 2025), Lucas GC had total assets of CN¥454.1 million (up 12.6% from a year earlier), total liabilities of CN¥139.8 million and shareholders' equity of CN¥311.5 million. It held CN¥35.1 million in cash and short-term investments against CN¥94.9 million of debt, net debt of CN¥59.8 million. Its current ratio was 1.61. In the latest quarter (ended September 30, 2026) total assets were CN¥848.7 million and equity CN¥607.8 million.

Related: LGCL income statement, LGCL cash flow statement, LGCL key metrics. See the LGCL stock overview for the latest quote and news.

LGCL balance sheet FAQ

What are Lucas GC's total assets?

Lucas GC reported total assets of CN¥454.1 million at the end of fiscal 2025 (December 31, 2025), compared with CN¥403.3 million a year earlier.

How much debt does Lucas GC have?

Lucas GC had CN¥94.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.30.

How much cash does Lucas GC have?

Lucas GC held CN¥35.1 million in cash and short-term investments at the end of fiscal 2025; with CN¥94.9 million of debt that is net debt of CN¥59.8 million.

What is Lucas GC's book value?

Lucas GC's shareholders' equity (book value) was CN¥311.5 million at the end of fiscal 2025.

What is Lucas GC's current ratio?

Lucas GC had current assets of CN¥225.3 million and current liabilities of CN¥139.8 million, a current ratio of 1.61 (it can cover its short-term obligations).

How much goodwill does Lucas GC have?

Lucas GC carried CN¥34.8 million of goodwill and intangible assets, 7.7% of total assets, at the end of fiscal 2025.