On August 26, LAOPU GOLD rose 3.03% in regular trading, trading at 402.8 HKD/share, with turnover of 341 million HKD. The gain follows the company's release of robust interim results the previous day.

LAOPU GOLD reported H1 revenue of RMB 19.808 billion, up 60.3% year-over-year, with sales performance reaching RMB 22.779 billion, up 60.6%. Adjusted net profit surged 83.6% to RMB 4.317 billion, while reported net profit rose 88.2% to RMB 4.267 billion. Gross margin expanded from 38.1% to 41.3%, and net margin improved from 18.4% to 21.5%. The company declared an interim dividend of RMB 18.02 per share. Operating cash flow turned positive for the first time in three years, signaling improved capital efficiency.

While full-period results exceeded expectations, market observers noted Q2 performance was pressured by international gold price declines and demand pull-forward into Q1. Morgan Stanley previously cut its target price to 505 HKD but maintained an Overweight rating, citing strong brand pricing power and high-end mall channel expansion.

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