LAOPU GOLD's stock soared 5.32% during intraday trading on Wednesday, following the release of preliminary first-quarter 2026 results that significantly exceeded market expectations and prompted bullish analyst reports from major financial institutions.

The surge comes after Citigroup and Nomura both issued Buy ratings for LAOPU GOLD, highlighting the company's exceptional Q1 2026 performance with revenue reaching between RMB 16.5 billion and RMB 17.5 billion (representing year-over-year growth of over 100%) and net profit margins hitting a record high of 21.7% to 21.8%. Both analysts maintained their Buy ratings with target prices implying over 100% upside potential from recent closing levels.

Analysts pointed to multiple factors driving the strong performance, including sales from new stores opened in 2025, demand pulled forward by rapid gold price increases, and effective retail price adjustments. The reports also positioned LAOPU GOLD as transitioning toward becoming "China's first true luxury brand," with increasing customer overlap with global luxury brands and improving pricing power.