Jingu Financial News | Laopu Gold (06181) stock price surged, up 3.31%, reported at 281 Hong Kong dollars, with a transaction amount of 48.98 million Hong Kong dollars.

In terms of news, Guolian issued a research report stating that in the short term, benefiting from rising gold prices and process upgrades, Laopu Gold enjoys dual benefits from the migration of inlaid jewelry to gold categories and the upgrade in demand for gold jewelry trinkets. The trend of brand expansion is expected to continue since 2023. In the long term, benchmarking against international high-end jewelry brands, the company has ample room for expansion in store development, increasing average transaction value, and brand overseas, and the funds raised by the company are intended to strengthen brand building. The operation is steadied, with the potential to become the first luxury goods brand in China's gold jewelry market.

China Securities Co.,Ltd. stated that Laopu Gold's traditional gold high-end positioning and high-growth market have gained widespread recognition. The bank believes Laopu is moving from being the number one brand of traditional Chinese handmade gold items to the world's number one brand of gold trinkets, with future revenue potential exceeding 20 billion yuan and a net income space of over 3 billion yuan.