According to the information obtained from the Securities Times APP, Laopu Gold (06181) was listed on June 28th, and after the second day of trading, it rose more than 8%, reaching a high of HKD 77.95, an increase of more than 90% from the offer price of HKD 40.5. As of press time, it has risen 7%, with a price of HKD 74.9, a turnover of HKD 91,916,900, and a total market value exceeding HKD 12 billion.
It is reported that Laopu Gold is a brand that promotes the concept of 'ancient gold' first in China, certified by the China Gold Association. According to Frost Sullivan data, based on the income in 2023, the company's market share in the ancient gold jewelry market and the gold jewelry market in China are 2.0% and 0.6%, respectively. As of the final feasible date, the company has opened 33 self-operated stores in well-known commercial centers in 14 cities in China.
According to Frost Sullivan data, the company is the only brand in the major brands in China's gold and jewelry market that specializes in designing, producing, processing, and selling ancient gold products. In 2022 and 2023, the company's single-store sales have ranked first for two consecutive years among all gold and jewelry brands in China.