Core Viewpoint - Laopuhuang Gold Co., Ltd. (06181.HK) has announced a significant increase in sales and profits for the first half of the year, but the stock price has been declining despite the positive earnings forecast [2][3][6]. Group 1: Financial Performance - The company expects sales for the first half of the year to be approximately 138 billion to 143 billion RMB, representing a year-on-year growth of about 240% to 252% [2][3]. - Adjusted net profit is projected to be around 23 billion to 23.6 billion RMB, reflecting a year-on-year increase of approximately 282% to 292% [2][3]. - The average revenue per store in a single shopping center is expected to reach nearly 5 billion RMB by the first half of 2025 [3]. Group 2: Market Position and Brand Strategy - Laopuhuang Gold is recognized for promoting the "ancient method gold" concept and has successfully transformed traditional gold items into luxury products with both cultural and investment value [3][6]. - The brand has expanded its presence in over 30 high-end commercial centers globally, including prominent locations in Shanghai and Singapore [3]. Group 3: Stock Market Performance - Despite the impressive earnings forecast, the stock price has been on a downward trend, falling for nine consecutive trading days since reaching a historical peak of 1108 HKD [2][9]. - As of the latest report, the stock price is at 730 HKD, down 33.9% from its peak [9][10]. - Analysts have expressed concerns about the sustainability of the stock price, particularly if gold prices stabilize or decline [9][10].
老铺黄金业绩狂飙股价却下跌，“高端珠宝神话”能否持续？