NEW YORK - Lucas GC Limited (NASDAQ: LGCL), a Platform-as-a-Service company specializing in artificial intelligence technologies with a market capitalization of $52.54 million, has been granted a new patent in China. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.43, indicating solid liquidity. This latest patent, named "Talent Scout-Based Holistic Recruitment System," marks the company's nineteenth patent and its third in 2024 alone.
The newly patented system integrates AI to enhance the recruitment process by utilizing social media influencers to connect with potential candidates. It generates personalized content that aligns with job requirements and the profiles and behaviors of job seekers, aiming to improve job matching accuracy.
CEO Howard Lee commented on the significance of the patent, emphasizing the growing role of social media as a professional networking tool and the efficiency gains in hiring that their technology offers. While the company trades at an attractive P/E ratio of 7.59, InvestingPro analysis suggests the stock is currently undervalued, with 14 additional ProTips available to subscribers. Lucas's AI and Deep Learning technologies are designed to streamline the recruitment process by producing relevant content that better matches job requirements with candidate profiles.
Lucas GC Limited, with a portfolio of 19 U.S. and Chinese patents and over 74 registered software copyrights, applies its technologies across various sectors, including human resources, insurance, and wealth management. The company boasts a workforce of over 702,060 agents working on its platform and maintains a strong return on equity of 35%, demonstrating effective capital management.
The information in this article is based on a press release statement.
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