Group 1 - The core viewpoint of the article indicates that Lao Pu Gold (06181) has experienced a significant decline in stock price, dropping nearly 9% towards the end of trading, with a current price of 753 HKD and a trading volume of 1.92 billion HKD [1] - The company has recently announced an increase in product prices, which typically occurs two to three times a year. In the first half of 2025, only one price adjustment was made in February, but the gross margin for the first half of the year is reported at 38.1%, reflecting a year-on-year decrease of 3.2 percentage points [1] - As of the end of June, approximately 69.05 million shares of Lao Pu Gold are set to be unlocked, representing 41.01% of the total share capital. The shareholders involved in the unlocking include early-stage investors, founder Xu Gaoming, and employee stock ownership platforms [1] Group 2 - Nomura's research report states that Lao Pu Gold is a direct beneficiary of the recent strong rise in gold prices. The robust gold price trend and the People's Bank of China's increase in gold reserves have strengthened Chinese consumers' belief in purchasing gold and gold products as a means of asset and wealth preservation [1] - The report also notes that Lao Pu Gold has implemented a second price increase in 2025, which is expected to help protect the company's profit margins in the second half of the year [1]
港股异动 | 老铺黄金(06181)尾盘跌近9% 金价上涨压缩公司毛利率 产品涨价有望保护下半年利润率