智通财经APP获悉，老铺黄金(06181)再涨近4%，截至发稿，涨3.21%，报820港元，成交额5.69亿港 元。 消息面上，MSCI指数公司公布更换MSCI中国指数成分股，新增14只股份，并剔出17只股份，相关变更 在本月26日收市后生效。其中，老铺黄金被纳入MSCI中国指数成分股。 此外，老铺黄金近期发盈喜，预计上半年实现收入120亿至125亿人民币，同比增长241%至255%；实现 净利润22.3至22.8亿人民币，同比增长279%至288%。东吴证券指出，近期公司处于持续"出圈"的趋势 当中，品牌势能仍处提升期，看好下半年新开门店贡献。受益于海外门店扩张，公司长期品牌力出海值 得期待。 ...

Group 1 - Xiaomi Group-W (01810) leads the southbound trading volume on both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, with transaction amounts of 62.12 billion and 42.66 billion respectively [1][1][1] - The top three companies by trading volume on Shanghai-Hong Kong Stock Connect are Xiaomi Group-W (01810), Yingfu Fund (02800), and Alibaba-W (09988) [1][1] - On Shenzhen-Hong Kong Stock Connect, the top three companies are Xiaomi Group-W (01810), SMIC (00981), and Alibaba-W (09988) [1][1] Group 2 - The net buying amount for Xiaomi Group-W (01810) on Shanghai-Hong Kong Stock Connect is +17.67 billion, while on Shenzhen-Hong Kong Stock Connect it is -45.59 million [1][1] - Alibaba-W (09988) has a net buying amount of +3.25 billion on Shanghai-Hong Kong Stock Connect and +1.68 billion on Shenzhen-Hong Kong Stock Connect [1][1] - SMIC (00981) shows a significant net buying amount of +5.26 billion on Shenzhen-Hong Kong Stock Connect, while it has a net buying amount of -25.94 million on Shanghai-Hong Kong Stock Connect [1][1]

Core Viewpoint - Lao Pu Gold (06181) has seen a significant stock increase of over 5%, attributed to the opening of a new store in Shanghai and a positive earnings forecast for the first half of the year [1] Group 1: Company Performance - Lao Pu Gold's new store in Shanghai New World opened on August 2, attracting hundreds of consumers and offering a limited-time discount [1] - The company expects to achieve revenue between 12 billion to 12.5 billion RMB for the first half of the year, representing a year-on-year growth of 241% to 255% [1] - Net profit is projected to be between 2.23 billion to 2.28 billion RMB, with a year-on-year increase of 279% to 288% [1] Group 2: Market Position and Future Outlook - Dongwu Securities reports that Lao Pu Gold is a leading player in the ancient gold product category in China, maintaining a strong reputation among high-net-worth clients [1] - The company is expected to continue its impressive sales performance into the first half of 2025, with ongoing brand momentum and expansion through new store openings [1] - The expansion of overseas stores is anticipated to enhance the company's long-term brand strength and market presence [1]

Core Viewpoint - The new consumption sector in the Hong Kong stock market has shown significant growth, with several companies reporting positive earnings forecasts, contributing to the overall bullish trend in this segment [3][4][6]. Group 1: Stock Performance - Pop Mart (09992.HK) rose by 7.87%, while Shangmei Co. (02145.HK) increased by 7.34%, and Laopu Gold (06181.HK) saw a rise of 5.93% [1][2]. - The New Consumption Concept Index has recorded a year-to-date increase of 64.97%, outperforming the Hang Seng Index, which has risen by 24.18% [3]. Group 2: Earnings Forecasts - Shangmei Co. expects revenue for the first half of 2025 to be between 4.09 billion to 4.11 billion yuan, a year-on-year growth of 16.8% to 17.3%, with net profit projected to reach 540 million to 560 million yuan, an increase of 30.9% to 35.8% [3]. - Laopu Gold anticipates revenue of 12 billion to 12.5 billion yuan for the first half of 2025, representing a year-on-year growth of 241% to 255%, with net profit expected to be between 2.23 billion to 2.28 billion yuan, a growth of 279% to 288% [4]. - Pop Mart forecasts a revenue increase of no less than 200% and a profit increase of no less than 350% for the first half of 2025 [5]. Group 3: Market Trends and Sentiment - Investment firms are optimistic about the new consumption sector, noting a shift towards personalized and service-oriented consumption among residents [6]. - The Hong Kong consumption sector is seen as more aligned with current new consumption trends compared to the A-share market, indicating significant growth potential [6]. - Despite the current high valuations in the new consumption sector, the macro trend towards personalized and rational consumption remains intact, suggesting continued growth in related areas such as trendy toys, beauty care, and pet products [7][8].

Summary of the Conference Call on Laopu Gold Company Overview - Laopu Gold is positioned as a luxury brand, making its performance predictions challenging due to reliance on consumer choice rather than promotional strategies typical of mass-market products [1][3]. Key Points and Arguments - **Performance Forecasting Difficulty**: The luxury goods sector, including brands like Laopu Gold, faces inherent challenges in predicting future performance, contrasting with mass-market products that utilize clear sales targets and promotions [3]. - **2025 Revenue Expectations**: Laopu Gold's expected revenue for 2025 is between 4.5 billion to 5 billion RMB, with a profit forecast of approximately 2.2 to 2.3 billion RMB, aligning with market expectations [2]. - **Price Adjustment Strategy**: In early 2025, Laopu Gold raised prices when gold was priced at 650 RMB, but has not adjusted prices despite gold nearing 800 RMB, indicating a strategy to enhance brand influence rather than immediate profit maximization [5]. - **Valuation Under No Growth Scenario**: If Laopu Gold's performance remains flat in 2026, it could be valued at around 120 billion RMB based on a P/E ratio of 24-25, reflecting a stable company with a dividend yield of approximately 4% [6]. - **Market Performance and Brand Strength**: Laopu Gold's brand strength has significantly improved in 2025, with successful entries into top-tier shopping districts and impressive sales figures, such as 70 million RMB in the first five days of a new store opening [7][8]. - **Stock Price and Design Perception**: There is a positive feedback loop between Laopu Gold's stock price and consumer perception of product design, where rising stock prices enhance consumer desire to purchase [9]. - **Future Growth Expectations**: In a stable or gradually rising gold price environment, Laopu Gold's performance in 2026 is expected to grow by 20% to 30%, supported by brand expansion and same-store sales growth [10]. - **Seasonal Sales Fluctuations**: Laopu Gold experiences significant seasonal sales variations, with peak sales in February compared to lower sales in the following months, which should be considered in market valuations [11][12]. Additional Important Insights - **Brand Expansion Plans**: Laopu Gold plans to open approximately 10 new stores in top-tier shopping districts in 2025, indicating a strong growth trajectory and recognition of its brand value [8]. - **Market Valuation Concerns**: The current market valuation of Laopu Gold is viewed as overly pessimistic, particularly with stock prices dropping below 700 RMB, which does not reflect the company's long-term growth potential [12].

Market Overview - The A-share market showed strong performance with the Shanghai Composite Index steadily rising, while the Hong Kong stock market experienced a narrow fluctuation, closing up by 0.03% [1] - Concerns in the market are heightened due to the U.S. President Trump's shortened ultimatum for sanctions against Russia, now set at 10 days, with potential impacts on India and other countries [1] - The U.S. is also set to impose significant tariffs on semiconductor chips and pharmaceuticals, with drug tariffs reaching as high as 250% [1] Company Developments - Jingtai Technology announced a pipeline cooperation agreement with DoveTree worth approximately HKD 470 billion (USD 59.9 billion), leading to a stock surge of over 12% [2] - A-share company Weixin New Materials faced regulatory scrutiny after a stock price surge related to the "embodied intelligent robot" concept and control change expectations [2] - The Shanghai government released a plan for the development of the embodied intelligence industry, aiming for breakthroughs in core algorithms and technologies by 2027 [2] Industry Trends - The 2025 World Robot Conference is set to showcase over 100 new products, nearly double from last year, indicating a growing interest in robotics [3] - The U.S. student loan delinquency rate has reached 12.9%, the highest in 21 years, which may influence Federal Reserve decisions on interest rates [3] - The steel and paper industries are experiencing positive momentum, with companies like Maanshan Steel and Nine Dragons Paper seeing significant stock price increases [3] Defense Sector Insights - The military industry is gaining traction with significant contracts, such as the sale of the Hongqi-9 air defense system and the export of submarines to Pakistan [4] - China Shipbuilding Defense announced a profit increase of 213.25% to 267.73% for the first half of the year, leading to a stock rise of nearly 8% [4] Consumer Market Activity - The new consumption sector is becoming active, with companies like Pop Mart seeing increased attention at recent toy exhibitions [5] - The liquor industry is also responding to market trends, with new product launches and stock price increases [5] Aviation Sector Developments - Cathay Pacific announced an $8.1 billion order for 14 Boeing 777-9 aircraft, marking its first deal with Boeing in 12 years, despite concerns over the safety record of Boeing aircraft [7] - The long delivery timeline for the 777-9 model raises potential issues regarding aircraft aging and maintenance [7] Energy Sector Updates - The State Grid reported record electricity usage due to high temperatures, with peak load reaching 1.233 billion kilowatts, an increase of 53 million kilowatts from last year [8] - Coal prices have risen significantly, impacting the steel industry, which is maintaining high production levels [8] Automotive Sector Performance - XPeng Motors reported a record monthly delivery of 36,717 vehicles in July, a year-on-year increase of 229.4% [10] - The company is expanding its presence in Europe, with significant sales growth and new model launches [11][12]

Group 1 - The top three stocks with net inflows of southbound funds are Yingfu Fund (02800) with 2.858 billion, Hang Seng China Enterprises (02828) with 2.255 billion, and Meituan-W (03690) with 1.397 billion [1][2] - The top three stocks with net outflows of southbound funds are Pop Mart (09992) with -0.382 billion, Ping An of China (02318) with -0.360 billion, and Laopu Gold (06181) with -0.345 billion [1][2] - In terms of net inflow ratio, the top three are Hopson Development Holdings (00754) at 70.43%, K Wah International Holdings (00173) at 64.10%, and Qingdao Port International (06198) at 61.26% [1][2] Group 2 - The top three stocks with the highest net outflow ratios are Gawei Electronics (01415) at -60.55%, Bank of China Aviation Leasing (02588) at -46.75%, and GX Hengsheng Technology (02837) at -43.69% [1][3] - The top ten stocks with the highest net inflows include Kuaishou-W (01024) with 1.391 billion and Alibaba-W (09988) with 1.040 billion [2] - The top ten stocks with the highest net outflows also include CICC (03908) with -0.333 billion and Kangfang Biologics (09926) with -0.263 billion [2]

老铺黄金 分时图 日K线 周K线 月K线 733.00 43.00 6.23% 6.45% 4.30% 2.15% 0.00% 2.15% 4.30% 6.45% 645.50 660.33 675.17 690.00 704.83 719.67 734.50 09:30 10:30 12:00/13:00 14:00 16:10 0 4万 8万 12万 老铺黄金(06181)反弹逾5%，截至发稿，涨5.43%，报727.5港元，成交额9.28亿港元。 消息面上，老铺黄金近日发布盈喜，预计上半年实现收入120亿至125亿人民币，同比增长241%至 255%；实现净利润22.3至22.8亿人民币，同比增长279%至288%。美银证券发布研报称，将老铺黄金今 明两年的经调整净利润预测上调11%和6%，分别至50亿及66亿元人民币，料公司今年下半年的收入将 达到138亿元人民币，同比增长178%，经调整净利润料达27亿元人民币，同比增长206%。 小摩表示，2025年上半年稳健的精品店扩张(包括5家新精品店及1家精品店翻新)尚未在上半年财报中体 现，将于下半年呈现贡献。该行认为，新开精品店在开业促销期间表现强劲，拥 ...

I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 老鋪黃金股份有限公司 呈交日期: 2025年8月4日 | 1. 股份分類 | 普通股 | | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06181 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 139,473,760 | | 0 | | 139,473,760 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | | 139,473,760 | | 0 | | 139,473,760 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港 ...

老铺黄金近日发布盈喜，预计上半年实现收入120亿至125 亿人民币，同比增长241%至255%；实现 净利润22.3至22.8 亿人民币，同比增长279%至288%。美银证券发布研报称，将老铺黄金今明两年的经 调整净利润预测上调11%和6%，分别至50亿及66亿元人民币，料公司今年下半年的收入将达到138亿元 人民币，同比增长178%，经调整净利润料达27亿元人民币，同比增长206%。 小摩表示，2025年上半年稳健的精品店扩张（包括5家新精品店及1家精品店翻新）尚未在上半年财 报中体现，将于下半年呈现贡献。该行认为，新开精品店在开业促销期间表现强劲，拥有理想的客户 群、强劲的客流量及销售额。因此，小摩预期这种势头将于2025年下半年延续，受老铺品牌价值、产品 创新及市场对国牌的强烈价值主张推动。未来催化剂包括新店开张及潜在纳入MSCI中国指数。 （责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff ...