---
title: "Understanding the Market | LAOPU GOLD Surges Over 7% Again, Doubled Compared to IPO Price, Company's Profitability Maintains at High Levels"
description: "LAOPU GOLD rose by over 7% during the trading day, reaching a high of HKD 89.5, a 1.2 times increase from the IPO price of HKD 40.5. As of the time of writing, it has increased by 5.53% to HKD 87.85, "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/208025479.md"
published_at: "2024-07-05T01:45:05.000Z"
---

# Understanding the Market | LAOPU GOLD Surges Over 7% Again, Doubled Compared to IPO Price, Company's Profitability Maintains at High Levels

> LAOPU GOLD rose by over 7% during the trading day, reaching a high of HKD 89.5, a 1.2 times increase from the IPO price of HKD 40.5. As of the time of writing, it has increased by 5.53% to HKD 87.85, with a trading volume of HKD 1140.86 million. On the news front, CMB Securities pointed out that the company's performance grew rapidly last year, with revenue increasing by 146% and net profit by 340%. With a large market space in the ancient gold market and high-end jewelry market, the company has growth opportunities. The bank noted that the company's current same-store sales growth is fast, with a large space for expansion in the medium to long term. At the same time, its high-end positioning and fully direct-operated channels bring higher profitability. Dongwu Securities stated that LAOPU GOLD has a good reputation among high-net-worth clients, maintaining a good industry position with quality product design and service. Since 2024, the rise in gold prices has been significant, but the company can still maintain high pricing and profitability. The bank expects the company's net profit attributable to shareholders to be RMB 780 million, 1 billion, and 1.23 billion in 2024-2026, with year-on-year growth rates of 88%, 29%, and 22%, respectively

According to the VESYNC financial APP, LAOPU GOLD (06181) rose by over 7% during trading, reaching a high of HKD 89.5, a cumulative increase of 1.2 times compared to the IPO price of HKD 40.5. As of the time of writing, it has risen by 5.53% to HKD 87.85, with a turnover of HKD 1140.86 million.

On the news front, CMB Securities pointed out that the company's performance grew rapidly last year, with revenue increasing by 146% and net profit increasing by 340%. With a large market space in the ancient gold market and high-end jewelry market, the company has growth opportunities. The bank noted that the company's current same-store sales growth is fast, with a large space for expansion in the medium to long term, while its high-end positioning and fully direct sales channels bring higher profitability.

Dongwu Securities stated that LAOPU GOLD has a good reputation among high-net-worth clients, maintaining a good industry position with quality product design and service. Since 2024, the rise in gold prices has been significant, but the company can still maintain high pricing and profitability. The bank expects the company's net profit attributable to shareholders to be RMB 780 million, RMB 1 billion, and RMB 1.23 billion in 2024-2026, with year-on-year growth rates of 88%, 29%, and 22%, respectively

### Related Stocks

- [06181.HK - LAOPU GOLD](https://longbridge.com/en/quote/06181.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Laopu Gold Co. Ltd. Class H (6181) Receives a Buy from Guotai Haitong | In a report released yesterday, from Guotai Haitong maintained a Buy rating on Laopu Gold Co. Ltd. Class H, with a price | [Link](https://longbridge.com/en/news/273810358.md) |
| New Buy Rating for Laopu Gold Co. Ltd. Class H (6181), the Basic Materials Giant | GuoSen analyst maintained a Buy rating on Laopu Gold Co. Ltd. Class H yesterday and set a price target of HK$822.15.Clai | [Link](https://longbridge.com/en/news/272501834.md) |
| ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/en/news/276478732.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/en/news/276436345.md) |
| Inflation rose more quickly than expected in December | Inflation rose more quickly than expected in December | [Link](https://longbridge.com/en/news/276463362.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
