Lao Pu Gold, known as the “Hermès of Gold,” has released a positive profit forecast for the 2024 fiscal year, expecting a net profit of 1.4 billion RMB to 1.5 billion RMB ($191.8 million to $205.5 million), a YoY increase of 236% to 260%. Since its listing in June last year, Lao Pu Gold’s stock has surged 15% as of February 21.