LAOPU GOLD (06181) dropped nearly 9% in late trading. As of press time, the stock fell 7.83% to HK$753, with trading volume reaching HK$1.92 billion.

On the news front, LAOPU GOLD recently announced product price increases. The company typically adjusts prices two to three times annually. In the first half of 2025, the company only made one price adjustment in February. However, affected by rapidly rising gold prices, the first-half gross margin was 38.1%, declining 3.2 percentage points year-over-year.

Additionally, Wind data shows that approximately 69.05 million shares of LAOPU GOLD were unlocked at the end of June, representing 41.01% of total share capital. The unlocked shareholders include early investment institutions, founder Xu Gaoming, and employee shareholding platforms.

Nomura issued a research report stating that LAOPU GOLD is a direct beneficiary of the recent strong gold price rally. The robust gold price trend and the People's Bank of China's practice of increasing gold reserves have strengthened Chinese consumers' belief that purchasing gold and gold products can preserve assets and wealth.

The firm noted that LAOPU GOLD has raised product prices for the second time in 2025, which should help protect the company's profit margins in the second half of the year.