Ping An Securities initiates coverage on LAOPU GOLD with a "Buy" rating as brand influence continues to expand

Ping An Securities published a research report stating that LAOPU GOLD (06181.HK) is continuously expanding its market momentum, persistently engaging in original product design research and development, and innovating its processes. The company is continuously promoting product upgrades and iterations, committed to a market strategy of "brand internationalization and market globalization," and actively expanding its market fields and spaces.

The firm expects LAOPU GOLD's overall revenue from 2025 to 2027 to be RMB 26.2 billion, RMB 35.37 billion, and RMB 43.5 billion respectively, with year-on-year growth of 208%, 35%, and 23%; net profit attributable to the parent company is expected to be RMB 3.82 billion, RMB 5.09 billion, and RMB 6.28 billion, with year-on-year growth of 159.1%, 33.3%, and 23.3%.

The firm stated that LAOPU GOLD is currently in a phase of rapid development in the domestic market, coupled with the company's exploration and expansion into overseas markets. The company's revenue and profit scale are in an upward phase, and it is optimistic about the company's increasingly expanding brand influence, giving it an initial coverage rating of "Recommended."