HK Stock Market Move | LAOPU GOLD(06181) rose over 3%, expected annual net profit to increase by up to about 2.33 times year-on-year, institutions believe that there is still ample room for sales growth this year.

LAOPU GOLD (06181) rose more than 3%, as of the time of writing, it rose by 1.76%, to 665.5 Hong Kong dollars, with a turnover of 4.18 billion Hong Kong dollars. On the news front, on March 11, LAOPU GOLD issued a profit forecast for the annual performance, expecting a net profit of about 4.8 to 4.9 billion yuan for the year 2025, an increase of about 226% to 233% year-on-year. Goldman Sachs raised its net profit forecast for LAOPU GOLD in 2025 to 4.83 billion yuan and raised its profit forecast for 2026 by 4% to 7.4 billion yuan, reflecting a more comprehensive price increase, early preparation of inventory and strong sales performance since the beginning of the year, supporting an increase in gross profit margin. Nomura believes that LAOPU GOLD's performance last year slightly exceeded expectations, mainly due to its continuous expansion of stores in high-end business districts in China, continuous optimization and renovation of existing stores to provide customers with high-end luxury services, providing more diversified products in line with the preferences of VIP customers, and the company strengthening its image as the preferred brand for pure gold and high-end jewelry. Even after two price increases in the second half of last year, demand has not declined. The bank believes that LAOPU GOLD still has sufficient room for sales and profit growth in 2026, especially driven by the increasing penetration rate of the company in the Chinese VIC customer group.