CITIC Securities: Lao Pu Gold (06181.HK) raises prices for the third time this year to create an Eastern luxury brand.

According to the Wisdom Finance and Economy APP, CITIC Securities issued a research report stating that it is expected that the operating income of Lao Pu Gold (06181.HK) in 2025-2027 will be 25.28 billion, 33.37 billion, and 41.39 billion respectively, with year-on-year growth of 197.3%, 32.0%, and 24.0% respectively. Adjusted net profit attributable to shareholders is expected to be 4.81 billion, 6.51 billion, and 8.15 billion respectively (adjustments mainly include an estimated equity incentive expense of 227 million yuan), with year-on-year growth of 220.1%, 35.4%, and 25.2% respectively. On October 26, Lao Pu Gold implemented its third price increase of the year (the first and second price increases this year were on February 25 and August 25 respectively, and on October 17, Lao Pu Gold officially announced the price increase on its official public account). According to the bank's sampling statistics, in this price increase plan, the prices of gold products are expected to increase by around 24%-30% and the prices of diamond-encrusted products are expected to increase by around 16%-26%.