HK Stock Market Move | LAOPU GOLD (06181) rose nearly 5%, with a significant quarter-on-quarter drop in second-quarter performance, while the interim dividend surged to 18.02 yuan per share.

LAOPU GOLD (06181) rose nearly 5%, with a current increase of 4.72%, trading at HKD 408.2, with a transaction volume of HKD 501 million. In terms of news, LAOPU GOLD announced that it achieved revenue of RMB 19.808 billion in the first half of 2026, a year-on-year increase of 60.3%; the profit attributable to shareholders was RMB 4.267 billion, a year-on-year increase of 88.2%; adjusted net profit was RMB 4.32 billion, an increase of 83.6% year-on-year. Based on the earnings forecast for the first quarter and the half-year report, LAOPU GOLD's net profit for the second quarter is expected to fall between RMB 520 million and RMB 720 million, with revenue projected in the range of RMB 2.308 billion to RMB 3.308 billion. Compared to the first quarter, the performance in the second quarter shows a significant decline. The company declared an interim dividend of RMB 18.02 per share, compared to RMB 9.59 in the same period last year. The payout ratio reached 75%, providing substantial returns to shareholders. Huatai stated that, looking at the long term, they are optimistic about LAOPU as a high-end traditional gold brand due to its rarity and brand strength, which is expected to leverage its competitive advantages in branding, products, and channels to navigate price cycles and unleash growth potential both domestically and internationally, maintaining a buy rating.