Laopu Gold Expects Major Profit Jump in 2024

Laopu Gold Co. Ltd. Class H (HK:6181) has released an update.

Laopu Gold Co., Ltd. anticipates a substantial profit increase for the first half of 2024, with net profits expected to surge by approximately 180% to 205% compared to the previous year, reaching RMB 550 million to RMB 600 million. This optimistic forecast is attributed to the company’s growing brand awareness, product optimization, and consumer preference for high-quality gold products with cultural value. The company cautions that these figures are based on unaudited accounts and advises shareholders and potential investors to await the official interim results announcement.

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