Hong Kong-listed jewelry brand sees sales and revenue rising about 60% or more, citing stronger brand influence, product upgrades and higher spending from high-end customers.
Laopu Gold (06181.HK) said first-half adjusted net profit under non-IFRS measures is expected to reach about RMB 4.31 billion to RMB 4.36 billion, up 83% to 85% from a year earlier, pointing to faster profit growth than revenue. The Chinese heritage gold jewelry brand expects tax-inclusive sales for the six months ending June of roughly RMB 22.7 billion to RMB 23.35 billion, up 60% to 65%, while operating revenue is projected at about RMB 19.8 billion to RMB 20.45 billion, an increase of around 60% to 66%. The company said the jump was driven by expanding brand influence, continued optimization and iteration of its product lines, and increases in high-end customer spending, gold artifact product sales and customer repurchase rates. Those metrics suggest the group is strengthening its position in the premium jewelry segment, where buyers tend to be less price-sensitive and more focused on craftsmanship, cultural value and collectibility. The wider gap between profit growth and revenue growth indicates improving operating efficiency, cost control and expanding margins. The profit alert also reinforces expectations for another strong dividend after Laopu Gold paid RMB 11.95 per share with its final results announced in March and RMB 9.59 per share with its interim results last August. Analysts say the company is benefiting from demand for high-end heritage gold and cultural creative jewelry as China’s gold jewelry market becomes more stratified.