China's Laopu Gold jumps on robust first-half results

Laopu Gold Co

20/08/2025 06:39

** Shares of Laopu Gold Co 6181.HK jump 9.3% to HK$785, on track for their biggest one-day pct gain since June 30

** Stock hit its highest since August 15

** The Chinese gold jewellery maker and distributor said its first-half sales jumped 249.4% y/y to 14.18 billion yuan ($1.97 billion), and net profit soared 285.8% y/y to 2.27 billion yuan

** Co, with a current market capitalisation of HK$133 billion ($17.04 billion), proposed to pay an interim dividend of 9.59 yuan per share

** Hang Seng Commerce & Industry Index .HSNC falls 1%, the benchmark Hang Seng Index .HSI slips 0.6%

** YTD, stock up 225%

($1 = 7.1849 Chinese yuan)

($1 = 7.8061 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))