Hong Kong-listed Laopu Gold issued an earnings forecast on July 28, projecting a 279% to 288% YoY increase in net profit for H1 2025. Despite the upbeat outlook, its share price dropped 4.12%, marking the ninth consecutive day of decline and a cumulative fall of over 33% from its July 8 peak. The company expects revenue between 120 billion RMB to 125 billion RMB ($16.72 billion to 17.42 billion) and adjusted net profit of 2.3 billion RMB to 2.36 billion RMB ($320 million to $329 million). The growth is attributed to expanded brand influence and strong performance across online and offline channels.