Lao Pu Gold (06181.HK) announced that it expects to report a net income of approximately RMB 55 million to RMB 60 million in the first half of 2024, an increase of approximately 180% to 205% from the net income of approximately RMB 19.675 million recorded for the six months ended June 30, 2023.
The main reasons for the increase in net income are: 1. The expansion of the brand's influence has led to an increase in the revenue of existing stores, including the overall revenue of online and offline sales; 2. The continuous optimization, innovation, and iteration of the brand's products have promoted the sustained growth of revenue; 3. Changes in consumer attitudes and the upgrading of consumption concepts have led to consumers preferring high-quality traditional gold products with significant classical cultural connotations and product value; and 4. Compared with the same period in 2023, the company has added six new stores and expanded one store, generating incremental revenue contributions.