On August 27, LAOPU GOLD rose 3.4% in regular trading, trading at 418.2 HKD/share, with turnover of HKD 229 million.

On the news front, the company held its interim results briefing on August 26, where Chairman Xu Gaoming disclosed that Q2 monthly average net profit exceeded RMB 200 million, meeting expectations. He noted the company adopted a wait-and-see approach during the sharp gold price decline, then launched a batch of new products from late June through July, driving a rapid business recovery.

The company previously reported H1 revenue of RMB 19.808 billion, up 60.3% YoY, with adjusted net profit of RMB 4.317 billion, up 83.6% YoY. Additional highlights include online platform revenue surging 171.9% YoY, loyal members surpassing 730,000, and a proposed interim dividend of RMB 18.02 per share. Morgan Stanley maintained an Overweight rating with a target price of HKD 505.

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