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The old shop Gold (06181.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.
Gelonghui, on March 17, announced that Laopu Gold (06181.HK) will hold a Board of Directors meeting on March 31, 2025 (Monday) to consider and approve the announcement of the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the payment of a final dividend (if any).
LAOPU GOLD: NOTICE OF BOARD MEETING
The old shop's Gold surged nearly 20 times in 10 months of being listed. Is the hundredfold valuation a growth premium or a game of hot potato?
① Why has the old shop Gold gained popularity in the market? ② Is the company's PE valuation far exceeding that of the industry leader reasonable?
[Brokerage Focus] SWHY gives a first-time 'Buy' rating to Laopu Gold (06181), noting its rarity in product and brand recognition in the current Gold jewelry market.
Jinwu Financial News | SWHY issued a research report stating that Laopu Gold (06181) focuses on traditional gold Trinkets as its core gene. The founder Xu Gaoming, with outstanding Global Strategy determination and vision, is dedicated to creating a high-end Gold brand. Riding the wave of demand for high-end Gold preservation among residents and the domestic trend of self-enjoyment, over the past 23 years, the Laopu Gold brand's influence has significantly increased, with the company's performance growing rapidly, with revenue increasing by 145.7% year-on-year to 3.18 billion yuan, exceeding the average growth rate of the Gold market in China. Net income rose by 340% year-on-year to 0.42 billion yuan. The report noted that Laopu is committed to creating classic Gold products that integrate Chinese culture and fashion elements.
The old store's Gold surged over 8% in early trading, setting a new high, with an expected increase in annual net profit of up to 2.6 times year-on-year.
Lao Pu Gold (06181) rose over 6% in the early session, reaching a high of 669 Hong Kong dollars, continuing to set a new record since its listing. As of the time of writing, it is up 8.55%, reported at 666.50 Hong Kong dollars, with a transaction amount of 0.332 billion Hong Kong dollars.
Lao Pu Gold (06181.HK): The China Securities Regulatory Commission has issued a record notice regarding the company's application for full circulation of listed in Hong Kong shares.
On March 7th, Gelonghui reported that Laopu Gold (06181.HK) announced that on March 7, 2025, the China Securities Regulatory Commission issued a filing notice to the company regarding the full circulation of H shares. According to the filing notice, the company has completed the filing with the China Securities Regulatory Commission regarding the full circulation of H shares (regarding the conversion of 40,388,900 unlisted shares held by three company shareholders into 40,388,900 H shares). If the share conversion is not completed within 12 months from the date of the filing notice (March 7, 2025), and the company still intends to proceed with the conversion, the company must update the China Securities Regulatory Commission.
