UBLAOPU@EC2610A

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

SINO ICT

C FIN INT INV

SINGASIA HLDG

FULLSHARE

TI CLOUD

MS CONCEPT

CHINA RISUN GP

518880

06181

The research report from Jefferies indicates that LAOPU GOLD has issued a profit warning, expecting net profit in the second half of 2025 to reach RMB 2.532 billion to RMB 2.632 billion, representing a year-on-year growth of 186% to 197%; operating revenue is projected to be RMB 14.6 billion to RMB 15.6 billion, with a year-on-year growth of 194% to 214%. The adjusted net profit exceeds expectations by 10% to 15%. Jefferies has given the stock a "Buy" rating with a target price of HKD 981, and expects investors to focus on market guidance during the earnings conference and management's views on gold prices

AASTOCKS

Huaan Yifu Gold ETF

LAOPU GOLD

Credit Suisse: LAOPU GOLD issues profit warning, rating "Buy" with a target price of 981 yuan

Goldman Sachs report indicates that LAOPU GOLD is expected to have a full-year revenue of RMB 27 billion to 28 billion in 2025, with a net profit of RMB 4.8 billion to 4.9 billion, and an adjusted net profit of RMB 5 billion to 5.1 billion. The net profit for the second half of 2025 is expected to be RMB 2.53 billion to 2.63 billion, exceeding Goldman Sachs' forecast by 9% to 13%. Goldman Sachs raised the target price to RMB 1,168 and maintained a "Buy" rating, believing that the company will benefit from inventory preparation and lower-than-expected operating expenses

Goldman Sachs: LAOPU GOLD's net profit in the second half of the year exceeds expectations, raising the target price to 1,168 yuan

CITIC Securities International released a report stating that LAOPU GOLD's profit forecast for the fiscal year 2025 meets expectations, with projected revenue of RMB 27 billion to 28 billion and net profit of RMB 4.8 billion to 4.9 billion. The firm maintains a "reduce" rating, believing that although sales momentum is strong, a high base and price adjustments may affect future growth. The target price is under review

CITIC Securities: LAOPU GOLD's profit warning meets expectations, maintains "Reduce" rating

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AAPL

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GOLD

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ORCL

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HLPD

09888

89888

HBUD

BIDU

AAPB

0312 | Dolphin Research Watchlist.🐬 Macro/Industry 1) The U.S. will release Feb CPI at 20:30 Beijing time on Wed, a key input for the Fed's rate-cut path. Recent Middle East tensions have lifted oil prices, increasing uncertainty around the print.An upside surprise could push back cut expectations and weigh on growth stocks. In-line or softer readings would be supportive of risk assets.🐬 Single Stock 1) $Meta Platforms(META.US) Meta announced the acquisition of AI agent community Moltbook. It is known in the industry as the 'Lobster Community'...

META secures 'Shrimp Pool' Moltbook; Laopu Gold issues a positive profit alert on strong earnings | Daily News Recap

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LAOPU GOLD released a performance forecast, expecting revenue for the fiscal year 2025 to be approximately 27 billion to 28 billion yuan, an increase of about 217% to 229% compared to 2024; net profit is expected to be around 4.8 billion to 4.9 billion yuan, an increase of about 226% to 233% compared to 2024. In addition to the impact of gold prices, the announcement pointed out that three major factors—brand expansion, product iteration, and store expansion—are driving significant performance growth

- Lao Pu Gold has released a positive profit forecast, expecting over 200% growth in both revenue and net profit for 2025, driven by strong consumer demand in the high-end gold jewelry sector.  
- The anticipated revenue is approximately RMB 27 billion to 28 billion, while net profit is expected to be around RMB 4.8 billion to 4.9 billion, with both figures pending official audit confirmation.  
- Key growth factors include expanding brand influence, continuous product optimization, and the opening of ten new stores, which support significant revenue increases anticipated for the upcoming year.

Wallstreetcn

SPDR GOLD TRT

EFUND GOLD MI-U

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

HS GOLD ETF

EFUND GOLD MI ETF

EFUND GOLD MI-R

LAOPU GOLD forecasts that revenue will increase by more than twice by 2025, with net profit expected to exceed 4.8 billion yuan | Financial Report Insights

LAOPU GOLD announced a positive profit forecast, expecting net profit to increase by 2.26 times to 2.33 times last year, with the stock price rising by 4.23% to 666 yuan. It is expected that sales performance will reach 31 billion to 32 billion yuan in 2025, with revenue of approximately 27 billion to 28 billion yuan, and adjusted net profit under non-International Financial Reporting Standards of about 5 billion to 5.1 billion yuan. The growth is mainly attributed to a significant increase in revenue from online and offline stores and the contribution of new stores

LAOPU GOLD rose over 4%, expecting a profit warning with last year's net profit expected to increase by approximately 2.3 times

LAOPU GOLD surged over 4% in the afternoon

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The Hang Seng Index opened 153 points higher this morning, reporting 25,981 points at noon, up 21 points or 0.08%. Among the heavyweight blue chips, AIA, CNOOC, and Tencent rose by 1.3%, 2%, and 0.5% respectively, while Geely surged over 8.6%. CATL increased by 8.4%. LAOPU GOLD is expected to see a net profit increase of 233%, issuing a profit warning, with its stock price rising by 0.16%. MINIMAX and Zhipu's stock prices surged before retreating, falling by 1.6% and 0.6% respectively

- The Hang Seng Index opened up 153 points before fluctuating, closing at 25,981 points with a slight gain of 21 points or 0.08%, while trading volume reached 147.4 billion HKD.  
- Key contributors such as AIA, CNOOC, and Tencent supported the market, while Meituan and HSBC declined, affecting the index negatively.  
- In related news, NIO reported its first profitable quarter with adjusted net profit, and Geely's sales of the Galaxy M7 SUV are anticipated to begin in the first half of the year.

Stheadline

CATL

GEELY AUTO

The Hang Seng Index rose 21 points in the half-day session, Geely and CATL rose over 8%, MINIMAX surged and then fell back, LAOPU GOLD announced a profit alert at noon | Hong Kong stock market opens

Laopu Gold Co. Ltd. has scheduled a board meeting for March 23, 2026, to approve its annual results for 2025 and discuss a potential final dividend. This decision may impact shareholder returns and reflect management's confidence in the company's financial performance. The company, listed in Hong Kong under stock code 6181, is overseen by a board of executive and independent non-executive directors. The latest analyst rating for the stock is a Hold with a price target of HK$930.00.

Tip Ranks

Laopu Gold Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend

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Laopu Gold (SEHK:6181) has been added to the Hang Seng Index, attracting attention from investors. The stock has shown a 90-day return of 2.65% and a year-to-date return of 2.73%, despite a 5.48% decline in total shareholder return over the past year. Trading at HK$639.0, it has a P/E ratio of 31.5x, which is high compared to peers. However, a DCF analysis suggests it is undervalued by 18.2%. Investors are advised to consider both the high P/E and the DCF valuation when assessing potential growth and risks.

Simplywall

China Southern Hang Seng ETF

Hang Seng Index

CSOP HSI ETF

TRACKER FUND

ISHARESHSI

ChinaAMC Hang Seng ETF

Assessing Laopu Gold (SEHK:6181) Valuation After Its Recent Addition To The Hang Seng Index

Today’s Key News Recap

BIDU ADR US

Apple

Apple Group

ETFS Capital Ltd.

Gold.com

NIO-SW

NIO Inc. USD OV

NIO Inc

LI AUTO-W

Li Auto

Meta Platforms

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

Laopu Gld HK SDR 50to1

BIDU-SW

BIDU-SWR

Baidu HK SDR 10to1

Baidu

GraniteShares 2x Long AAPL Daily ETF

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)

Taiwan Semiconductor

Alphabet

Alphabet - C

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

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

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

Zijin Mining

SD GOLD

SD-GOLD

FORTIOR

Asymchem

ZHAOJIN MINING

HORIZONROBOT-W

HENGRUI PHARMA

Hengrui Pharma

LINGBAO GOLD

INNOSCIENCE

CE HUADA TECH

BATELAB

ZAI LAB

Zai Lab

TIGERMED

Tigermed

FRONTAGE

CHIFENG GOLD

TONGGUAN GOLD

CHI SILVER GP

HUA HONG SEMI

Hua Hong

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

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

CPIC

ZA ONLINE

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

AIA Group

LIANLIAN

OSL GROUP

PICC P&C

MAO GEPING

BLOKS

PING AN

Ping An Ins HK SDR2to1

Ping An

Ping An Insurance

CITIC SEC

CITIC Securities Co., Ltd.

EB SECURITIES

EBSCN

WUXI BIO

WuXi Biologics

CHINA LIFE

China Life

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

UBLAOPU@EC2610A(27081.HK)

Credit Suisse: LAOPU GOLD issues profit warning, rating "Buy" with a target price of 981 yuan

Goldman Sachs: LAOPU GOLD's net profit in the second half of the year exceeds expectations, raising the target price to 1,168 yuan

CITIC Securities: LAOPU GOLD's profit warning meets expectations, maintains "Reduce" rating

META secures 'Shrimp Pool' Moltbook; Laopu Gold issues a positive profit alert on strong earnings | Daily News Recap

LAOPU GOLD forecasts that revenue will increase by more than twice by 2025, with net profit expected to exceed 4.8 billion yuan | Financial Report Insights