HSLAOPU@EC2610A

UNI HEALTH

QUANTGROUP

NANFANG COMM

KINTOR PHARMA-B

ILUVATAR COREX

ZIJING INTL FIN

PUTIAN COMM

AE LOGISTICS

JST GROUP

XL2CSOPHYNIX

03115

07300

07200

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07500

06181

03037

00HSI

Laopu Gold Co., Ltd Added to Hang Seng Index.

marketscreener

ISHARESHSI

HS HSI ETF-D1

FI CSOP HSI

FL2 CSOP HSI

TRACKER FUND

FI2 CSOP HSI

LAOPU GOLD

HS HSI ETF-R-D

CSOP HSI ETF

Hang Seng Index

Laopu Gold Co., Ltd.(SEHK:6181) added to Hang Seng Index

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The results of the Hang Seng Index Company’s quarterly review will take effect on Monday, with CATL, CMOC, and LAOPU GOLD officially "dyed blue," but their stock prices fell by 0.9%, 1.4%, and 10.4% respectively, raising concerns about the "blue dye curse." The Stock Connect will add 42 stocks and remove 25 stocks. Wu Lixian from Everbright Securities is optimistic about CATL, INSILICO, and DEEPEXI TECH. Analyst Wen Jie suggests gradually accumulating LAOPU GOLD and CMOC. Wu Lixian believes that the "blue dye curse" is related to market trends, and the rebound in Hong Kong stocks has reduced its probability

Stheadline

INSILICO

China Southern Hang Seng ETF

ISHARESHSI-U

DEEPEXI TECH

CATL

Huaan Yifu Gold ETF

ChinaAMC Hang Seng ETF

CMOC

Blue chips and new Northbound funds officially debut on Monday. Will Laopu follow in the footsteps of the bubble and encounter the "curse"? Two AI stocks are favored

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DONGFANG ELEC(01072) rose 17.62%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 78.9%. MINIMAX-WP(00100) rose 8.84%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 384.8%. JD HEALTH(06618) fell 6.22%, with a trading turnover 763.6 Million HKD, and a year-to-date fell 14.4%. MMG(01208) fell 5.96%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 2.6%.

- The Hang Seng Index increased by 0.28%, with an annual decline of 1.2%, while the Hang Seng Tech Index fell by 0.69%, down 13% year-to-date.  
- Oriental Electric (01072) rose by 17.62% with a transaction volume of HK$ 2.21 billion, showing a significant annual gain of 78.9%.  
- MINIMAX-WP (00100) saw a rise of 8.84%, with a turnover of HK$ 1.51 billion and an impressive year-to-date increase of 384.8%.

Top Gainers & Losers

DONGFANG ELEC

MINIMAX-WP

EASTROC

WEICHAI POWER

JD HEALTH

MIXUE GROUP

Top 5 HK Stock Gainers/Losers (>100B) (3.5)

BABX

KBAB

09988

The Hang Seng Index Company will announce the results of the fourth quarter review in mid-February, adding CATL, CMOC, and LAOPU GOLD, while removing Zhongsheng. The number of constituent stocks will increase from 88 to 90. The changes will be implemented after the market closes this Friday and will take effect from March 9. CICC predicts changes in weight and the inflow and outflow of passive funds, including inflows for Tencent, Alibaba, and outflows for HSBC HOLDINGS

AASTOCKS

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Alibaba

Tencent Holdings Limited

TENCENT

HSBC HOLDINGS

BABA-W

Tencent

In "Major Banks," CICC lists the adjustments and weight changes of the Hang Seng Index constituent stocks along with predictions for passive fund changes (table)

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Daiwa has raised its year-end gold price forecast to RMB 1,290 per gram and reiterated its "Buy" rating on LAOPU GOLD. Due to the tense situation in the Middle East, market expectations for gold prices have risen, and LAOPU GOLD has implemented a price adjustment of approximately 29%, expecting a gross margin of 39.4% by 2026. The company's price increase this time ranges from 20% to 30%, marking the largest single adjustment. Since the price adjustment in October last year, gold prices have risen by about 26%. Daiwa maintains its positive outlook and earnings forecast, with a target price of RMB 880

EFUND GOLD MI ETF

EFUND GOLD MI-U

EFUND GOLD MI-R

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ChinaAMC Gold ETF

Daiwa raised its year-end gold price forecast to RMB 1,290 per gram and reiterated its "Buy" rating on LAOPU GOLD

Citigroup's research report pointed out that LAOPU GOLD had an average markup of 27% last Saturday, with most products marked up by 25% to 35%. This price increase was mainly influenced by the rise in gold prices, as management aims to maintain a gross margin above 40%. Although the price increase may lead to a slowdown in demand from sensitive customers, it is expected that peers will follow suit, alleviating sales pressure. Citigroup has given LAOPU GOLD a "Buy" rating with a target price of 1,119 yuan, anticipating a strong profit outlook

Citi expects that LAOPU GOLD's price increase will have a limited impact on sales, with a target price of 1,119 yuan

LAOPU GOLD will implement its first round of price increases on February 28, 2026, with an increase of 20% to 30% for individual products, resulting in an overall average increase of 25%. In 2025, LAOPU GOLD adjusted its prices three times, with a cumulative increase of approximately 45%, which is lower than the nearly 60% increase in gold prices during the same period

36Kr

LAOPU GOLD will increase prices by 20% to 30% in the first round of 2026, with a total increase of over 45% from three price adjustments last year

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36Kr learned that the Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%; the consumer and media sectors led the gains, with LAOPU GOLD and TME-SW rising over 3%, and PRADA rising over 2%; the semiconductor and coal sectors saw the largest declines, with Zhaoyi Innovation falling over 4%, and Aisino and Lattice Semiconductor dropping over 2%

PRADA

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ISHARESHSTECH

TME-SW

CSOP HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

The Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%

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KNOWLEDGE ATLAS(02513) rose 12.14%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 440.4%. GIGADEVICE(03986) rose 11.91%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 166.8%. CTG DUTY-FREE(01880) fell 10.51%, with a trading turnover 837.2 Million HKD, and a year-to-date rose 4.2%. SANHUA(02050) fell 6.62%, with a trading turnover 947.8 Million HKD, and a year-to-date fell 6.6%.

KNOWLEDGE ATLAS

GIGADEVICE

MONTAGE TECH

CTG DUTY-FREE

SANHUA

SINO BIOPHARM

HANSOH PHARMA

Top 5 HK Stock Gainers/Losers (>100B) (2.24)

Hong Kong stocks fell sharply, dropping 489 points (1.8%) to 26,604, reversing a previous rally. This decline followed a significant drop on Wall Street due to renewed U.S. trade policy uncertainty after President Trump's new tariffs. The tech sector fell over 2%, and local jobless rates reached a three-year high of 3.9%. Despite this, a rebound in the Shanghai Composite limited losses. Notable decliners included Tencent Music (-4.3%) and Laopu Gold (-3.9%). Investors are awaiting key economic data releases this week.

Trading Economics

Hong Kong Stocks Drop Sharply

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STECH

On the first trading day of the Year of the Horse for Hong Kong stocks, the Hang Seng Index opened down 0.18%, and the Hang Seng TECH Index opened nearly 0.7% lower. BILIBILI-W fell nearly 4%, while Alibaba and Baidu Group both dropped about 3%. LAOPU GOLD rose nearly 1%, and the company will adjust product prices on February 28. The market has risks, and investment should be cautious

Wallstreetcn

BILIBILI-W

BIDU-SW

Baidu

Hang Seng TECH Index

Hong Kong stock market's first trading day of the Year of the Horse: Hang Seng Index opened down 0.18%, Hang Seng TECH Index opened nearly 0.7% lower

LAOPU GOLD will adjust product prices on February 28, 2026, with specific price adjustments based on actual online and offline pricing. The company typically makes 2-3 price adjustments each year, having raised prices three times in 2025 in February, August, and October

LAOPU GOLD will adjust product prices on February 28

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MINIMAX-WP(00100) rose 24.56%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 413.3%. MONTAGE TECH(06809) rose 14.05%, with a trading turnover 572.0 Million HKD, and a year-to-date rose 97.4%. YUM CHINA(09987) fell 4.58%, with a trading turnover 136.7 Million HKD, and a year-to-date rose 13.1%. SERES(09927) fell 3.2%, with a trading turnover 31.0 Million HKD, and a year-to-date fell 9.5%.

YUM CHINA

SERES

BEKE-W

Top 5 HK Stock Gainers/Losers (>100B) (2.16)

Today’s Key News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Apple

Taiwan Semiconductor

Alphabet

Alphabet - C

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

Laopu Gld HK SDR 50to1

Direxion Auspice Broad COM

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

1022 | Dolphin Research Focus: 🐬 Macro/Industry 1. Recently, gold prices have experienced a significant decline. The French presidential office issued a joint statement with several European countries supporting the U.S. proposal for an immediate ceasefire between Russia and Ukraine. The Ukrainian president also indicated that the conflict is nearing an end, breaking the market's expectation of a prolonged geopolitical conflict. Coupled with recent mild tariff signals, risk aversion sentiment has cooled. Previously, gold prices had been rising continuously and were at a high level. When negative news emerged, the technical adjustment demand was activated, and long positions took profits and exited, leading to a drop in gold prices. 🐬 Individual Stocks 1. $LAOPU GOLD(06181.HK) Lao Pu Gold announced...

OpenAI

Destiny Tech100

POP MART

Coca Cola

Netflix

Tesla

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

POP MART HK SDR 20to1

OpenAI showcases 'AI Browser' aiming at Chrome; Laopu Gold plans discounted share placement for financing | Today's Important News Recap

Laopu Gold 

Conference Minutes

The following are the minutes of the Laopu Gold Q2 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Laopu Gold: With Gold Prices 'Cooling Down', Can the 'Hermès of Gold' Still Be Trusted?&#34;

FL2CSOPGOLD

SPDR Gold Shares

Lao Pu Gold (Minutes): Store efficiency ranks first in single-store revenue in Chinese malls

Financial Analysis

On the afternoon of August 20th, Beijing time, Lao Feng Xiang (6181.HK) released its H1 2025 performance. As the company had previously disclosed a profit forecast, the actual performance, in terms of both revenue and profit, approached the upper limit of the guidance, making it a fairly good performance. The specific highlights are as follows:

Lao Pu Gold: Gold Prices 'Cool Down', Can the 'Hermes of Gold' Still Be Trusted?

Lao Pu Gold 1H25 Quick Interpretation: Overall, Lao Pu's performance in the first half of the year was quite good, with both revenue and profit reaching the upper limit of the pre-announced growth forecast. Apart from sales expenses slightly exceeding market expectations, all other indicators generally surpassed expectations. In terms of revenue, benefiting from the upward cycle of gold and the continuous enhancement of Lao Pu's brand power leading to customer base expansion and market penetration, Lao Pu's performance in the first half of the year remained in a state of accelerated growth, achieving revenue of 12.35 billion yuan, a year-on-year increase of 251%. By channel, with Lao Pu's ongoing promotion and influence on social media platforms (Xiaohongshu, Douyin) in the first half of the year, the proportion of online platforms slightly increased by 2 percentage points to 13.1%, while offline stores remain the primary sales channel. Regarding store opening pace, as of the first half of the year, Lao Pu opened 5 new stores, accelerating compared to the same period last year. Additionally, in June, Lao Pu opened its first overseas store in Singapore, marking the company's official start of global expansion. In terms of product structure, although Lao Pu canceled the disclosure of the specific proportion of pure gold and pure gold inlaid categories, based on research information, the proportion of Lao Pu's high gross margin category, pure gold inlaid products, continues to increase. Regarding gross margin, due to the surge in gold prices in the first half of the year, although Lao Pu raised prices once in February, the price increase range (between 5%-12%) was less than the increase in gold prices (around 24% in the first half of the year), resulting in a year-on-year decrease in gross margin by 3.2 percentage points to 38.1%. On the expense side, with the release of operating leverage, both the sales expense ratio and management expense ratio significantly declined, ultimately achieving a net profit of 2.27 billion yuan, a year-on-year increase of 286%, with net profit margin increasing by 1.7 percentage points to 18.4%. For detailed information and related judgments, please follow Dolphin Research's subsequent financial report commentary and conference call minutes. $LAOPU GOLD(06181.HK)

The US imposed a 39% tariff on imported gold bars, sparking a rally in gold stocks, with Lao Feng Xiang rising nearly 4% again. The semiconductor sector was dragged down by SMIC's Q2 net profit plunging 19%, with most stocks falling.

SMIC

SMIC HK SDR 5to1

ZIJIN MINING

Hot Trades in Hong Kong Stocks (8.8)｜Gold Sector Rises Across the Board on Tariff Catalysts, SMIC Leads Decline by 6%

HSLAOPU@EC2610A(26738.HK)

Laopu Gold Co., Ltd.(SEHK:6181) added to Hang Seng Index

Blue chips and new Northbound funds officially debut on Monday. Will Laopu follow in the footsteps of the bubble and encounter the "curse"? Two AI stocks are favored

Top 5 HK Stock Gainers/Losers (>100B) (3.5)

In "Major Banks," CICC lists the adjustments and weight changes of the Hang Seng Index constituent stocks along with predictions for passive fund changes (table)

Daiwa raised its year-end gold price forecast to RMB 1,290 per gram and reiterated its "Buy" rating on LAOPU GOLD