Zhejiang Oceanking Development (SH:603213) Huan Qiu Wang·2025-12-11 09:55Group 1 - The core viewpoint is that Laopu Gold is gaining significant attention in the Southeast Asian market, showcasing explosive growth in its fundamentals and positioning itself as a strong challenger in the global luxury goods sector [1][3]. - Laopu Gold achieved a revenue of 12.35 billion RMB (approximately 1.74 billion USD) in the first half of 2025, representing a year-on-year growth of 251% [1]. - The net profit for Laopu Gold surged by 285.8% year-on-year, reaching 2.26 billion RMB, with an average sales per store of 459 million RMB in the first half of the year [1]. Group 2 - Laopu Gold's business strategy is unique, breaking away from traditional models in the Chinese gold and jewelry market, reflecting consumer preferences for brands that combine cultural heritage, traditional craftsmanship, and modern design [3]. - The brand has not relied on large-scale advertising or celebrity endorsements, yet it has successfully retained its audience, often resulting in queues at its stores, indicating strong local consumer interest [3]. - Founded in 2009, Laopu Gold specializes in traditional handcrafted gold items and has over 40 stores located in top commercial centers, making it the only brand in China to enter the top ten commercial hubs [3].