China's Laopu Gold jumps on strong 2025 results, upbeat Q1 outlook

Laopu Gold Co

24/03/2026 02:39

** Laopu Gold 6181.HK jumps 10.7% to HK$618; set for biggest one-day pct gain since June 30, 2025

** Stock top pct gainer on Hang Seng Index .HSI, which is up 1.4%

** Chinese jewellery maker and distributor posts 230.5% y/y surge in 2025 net profit; sales soars 220.3% y/y, revenue jumps 221% y/y

** Announces final dividend of 11.95 yuan/share vs 2024's 6.35 yuan

** Sees Q1 net profit of 3.6 bln yuan ($522.2 mln)-3.8 bln yuan, sales of 19 bln-20 bln yuan, revenue of 16.5 bln-17.5 bln yuan

        ** 2025 H1 net profit at 2.3 bln yuan, sales at 14.2 bln yuan, revenue at 12.4 bln yuan

** Nomura ("buy") says Q1 FY26 a strong beat after solid 2025 results

** Citi ("buy") names Laopu its top pick in China jewellery space, with investors eyeing future sales momentum after gold price turbulence

** Says co released significantly stronger-than-expected preliminary Q1 FY26 results, with both topline and margin ahead of brokerage's and market expectations

** YTD, stock down 2.6%

($1 = 6.8942 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))