Zhongtong Finance App learned that China Merchants Securities released a research report stating that it covered Lao Pu Gold (06181) for the first time and gave it a "strongly recommended" rating. The company’s performance grew rapidly last year, with a 146% increase in revenue and a 340% increase in net income. Against the background of a considerable space in the ancient gold market and high-end jewelry market, the company has growth opportunities.

The bank pointed out that the current same-store sales growth rate of the company is fast, the medium and long-term store expansion space is large, and the high-end positioning and all direct sales channels bring higher profitability. It is expected that the net profit of the company from 2024 to 2026 will be RMB 709 million, RMB 863 million, and RMB 1.005 billion, respectively, with a year-on-year increase of 70%, 22%, and 16%, respectively.