LAOPU GOLD (06181) declined over 4% during the late trading session. As of press time, the stock was down 4.01% to HK$718, with trading volume reaching HK$1.218 billion.

On the news front, LAOPU GOLD implemented its second price increase of the year on August 25. Most products on LAOPU GOLD's JD.com flagship store and Tmall flagship store have seen price hikes, with popular jewelry pieces priced between 10,000-30,000 yuan experiencing increases of approximately 1,000-3,000 yuan. The main product price increases ranged from 5% to 13%. It is reported that LAOPU GOLD previously raised prices three times in March 2024, September 2024, and February 2025.

Notably, according to reports, on August 25, when journalists posed as consumers and inquired about LAOPU GOLD product recycling methods at multiple luxury goods recycling stores, staff from various recycling outlets confirmed that all LAOPU GOLD products are recycled based on per-gram pricing, with recycling prices ranging from 760-770 yuan per gram.

Zhou Ting, Director of VIP Research Institute, stated that LAOPU GOLD being recycled by weight in the secondary market, rather than at "fixed prices," suggests that LAOPU GOLD may be experiencing a collapse in secondary market support, which will directly impact the primary market and potentially lead to customer attrition.