Laopu Gold (HKG:6181) said it expects its H1 profit to rise by up to 288% year over year, according to a Hong Kong bourse filing Sunday.

Shares of the Chinese jewelry brand fell nearly 4% in afternoon trade Monday.

The firm is estimating net profit of 2.23 billion yuan to 2.28 billion for the six months ended June 30, up 279% to 288% compared to a year earlier.

Revenue for the period is expected to rise 241% to 255% year over year to 12 billion yuan to 12.5 billion yuan, the company said.

Laopu Gold expects to post its financial results next month.