Ignoring the profit warning, LAOPU GOLD fell nearly 3% in the early stage

LAOPU GOLD (06181.HK) opened 1.6% higher this morning (28th) at HKD 777, reaching a high of HKD 794.5 in the early session, but then reversed direction and fell, currently reporting HKD 743.5, down 2.75%, marking the ninth consecutive day of decline, with a trading volume of 608,400 shares, involving HKD 460 million.

The group announced a positive profit forecast last night (27th), expecting a net profit for the six months ending in June to be between RMB 2.23 billion and RMB 2.28 billion, an annual increase of 279% to 288%; revenue is expected to be between RMB 12 billion and RMB 12.5 billion, an increase of 241% to 255%; adjusted net profit measured under non-International Financial Reporting Standards is expected to be between RMB 2.3 billion and RMB 2.36 billion, an increase of 282% to 292%.

In the first half of the year, the group's brand influence continued to expand, creating significant market advantages, leading to substantial growth in overall revenue from both online and offline stores; and continuous product optimization and new iterations supported sustained revenue growth online and offline