---
title: "Credit Suisse: LAOPU GOLD issues profit warning, rating \"Buy\" with a target price of 981 yuan"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/278813962.md"
description: "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"
datetime: "2026-03-12T03:08:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278813962.md)
  - [en](https://longbridge.com/en/news/278813962.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278813962.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/278813962.md) | [繁體中文](https://longbridge.com/zh-HK/news/278813962.md)


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

The research report from Jefferies pointed out that LAOPU GOLD (06181.HK) announced a positive profit alert yesterday, expecting a net profit of RMB 2.532 billion to 2.632 billion in the second half of 2025, representing a year-on-year growth of 186% to 197%; operating revenue is expected to be RMB 14.6 billion to 15.6 billion, with a year-on-year growth of 194% to 214%. Although the revenue and net profit are generally in line with the firm's expectations, the adjusted net profit exceeds the firm's and market forecasts by 10% to 15%. This is believed to be due to a gross margin in the second half of 2025 exceeding expectations and strong operational leverage.

Jefferies stated that LAOPU will hold a performance meeting on March 24, and investors are expected to focus on the latest guidance for domestic and overseas markets; management's views on gold prices and profit margin management; working capital management and shareholder returns (investors prefer to reduce fundraising activities such as rights issues over high dividend distributions); the stock is rated "Buy" with a target price of HKD 981

### 相关股票

- [Huaan Yifu Gold ETF (518880.CN)](https://longbridge.com/zh-CN/quote/518880.CN.md)
- [LAOPU GOLD (06181.HK)](https://longbridge.com/zh-CN/quote/06181.HK.md)

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