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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Current assets      
Cash and cash equivalents $ 4,243 ¥ 30,123 ¥ 48,473
Restricted cash 14 100 841
Short-term investments 4
Accounts receivable, net 3,964 28,144 102,762
Advance to suppliers 23,210 164,802 39,553
Deferred offering costs 921 6,541 2,503
Prepaid expenses and other current assets 229 1,626 1,614
Total current assets 32,581 231,336 195,750
Non-current assets      
Software and equipment, net 6,803 48,299 40,496
Operating lease right-of-use assets, net 12 84 784
Deferred tax assets 1,705 12,103 4,222
Total non-current assets 8,520 60,486 45,502
TOTAL ASSETS 41,101 291,822 241,252
Current liabilities      
Short-term borrowings 5,547 39,381 5,921
Accounts payable 4,960 35,217 86,983
Contract liabilities 1,909 13,552 24,706
Income tax payables 18 131 137
Operating lease liabilities, current 12 86 742
Accrued expenses and other current liabilities 530 3,766 2,728
Total current liabilities 13,412 95,230 123,373
Operating lease liabilities, non-current 86
Total non-current liabilities 86
TOTAL LIABILITIES 13,412 95,230 123,459
Commitments and contingencies (Note 17)
Shareholders’ equity      
Ordinary shares (US$0.000005 par value; 10,000,000,000 and 10,000,000,000 shares authorized as of December 31, 2022 and 2023; 78,063,300 and 78,063,300 shares issued and outstanding as of December 31, 2022 and 2023, respectively) 3 3
Subscription receivables (3) (3)
Subscription receivables 3 3
Additional paid-in capital 15,994 113,554 113,554
Statutory reserve 2,755 19,559 11,068
(Accumulated deficit)/Retained earnings 8,597 61,041 (8,753)
Accumulated other comprehensive loss (2) (11) (12)
Total Lucas GC Limited shareholders' equity 27,344 194,143 115,857
Non-controlling interests 345 2,449 1,936
Total shareholders' equity 27,689 196,592 117,793
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 41,101 291,822 241,252
Related Party [Member]      
Current liabilities      
Amounts due to related parties $ 436 ¥ 3,097 ¥ 2,156