LAOPU GOLD (06181) surged over 6% in early trading. As of press time, the stock was up 8.49% to HK$849.5, with trading volume reaching HK$1.427 billion.

On the news front, LAOPU GOLD implemented product price adjustments on August 25th, with specific pricing details subject to actual in-store and online retail prices. According to information from China Gold Jewelry's official account, this marks the company's second price increase in 2025, with some popular jewelry items seeing price hikes of 10%-12%.

China Post Securities noted that the company's gross margin stood at 38.1% in the first half, declining 2.6 percentage points year-over-year. This was primarily attributed to gold prices surging rapidly from a weighted average of 633.21 yuan per gram in January 2025 to 769.51 yuan per gram in April 2025, representing a 21.53% increase. The company typically adjusts prices two to three times annually, but only implemented one price adjustment in February during the first half, with the company's price increases lagging significantly behind gold price appreciation.

Following the company's second price adjustment of the year on August 25th, the securities firm believes that the overall gross margin is expected to improve in the second half as product price increases take effect.