Beijing-based luxury jeweler Laopu Gold reported H1 net profit of 2.26 billion RMB ($311 million), up 2.8 times YoY, on Wednesday. The board declared its first interim dividend of 9.59 RMB ($1.32) per share since June 2024 listing, unveiling a policy for biannual distributions of 50% of undistributed profits. Revenue jumped 2.5 times to 12.35 billion RMB ($1.7 billion), with mainland customers contributing 10.76 billion RMB ($1.48 billion) and overseas revenue soaring 4.6 times to 1.6 billion RMB ($220 million). Pure gold products comprised 99.9% of income. The company operates 41 self-owned stores across 16 cities.