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Laopu Gold shares surge 37% in a week

Shares of Laopu Gold have surged again, marking a total increase of 37% over the past week and bringing the group’s market capitalization to over HK$21 billion (approximately $2.68 billion). The group recently released its interim financial report, showing significant growth in both revenue and profit, with net profit soaring nearly 200%. In the first half of the year, Laopu Gold’s revenue skyrocketed by 148% to HK$3.52 billion ($452 million), while profit jumped 199% to HK$590 million ($75 million), with a gross profit margin of 41.3%. The brand currently operates 33 self-owned stores across 14 cities, all located in SKP and MixC shopping centers.

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