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Laopu Gold Co. Ltd. Class H
(6181)
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Rating:63Neutral
Price Target:
HK$427.00
▲(5.33% Upside)
Action:Reiterated
Date:08/12/26
The score is held back primarily by very weak cash flow (deeply negative operating and free cash flow) and rising leverage despite strong reported profitability. Valuation helps materially (low P/E and high dividend yield), but technicals remain broadly bearish with the price still below key longer-term moving averages and a negative MACD.
Positive Factors
Revenue Growth
Revenue scaled sharply in 2025, demonstrating strong expansion of the company’s branded gold-jewellery business. Sustained top-line growth can improve operating scale, strengthen the brand’s market position, and provide a broader base from which to support future profitability.
Negative Factors
Weak Cash Conversion
Deeply negative operating and free cash flow show that reported profits are not currently converting into cash. If this pattern persists, the company may have less internally generated funding for expansion and could face greater liquidity pressure or reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue scaled sharply in 2025, demonstrating strong expansion of the company’s branded gold-jewellery business. Sustained top-line growth can improve operating scale, strengthen the brand’s market position, and provide a broader base from which to support future profitability.
Read all positive factors
Laopu Gold Co. Ltd. Class H (6181) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$68.51B
Dividend Yield8.4%
Average Volume (3M)1.62M
Price to Earnings (P/E)8.2
Beta (1Y)1.06
Revenue Growth108.51%
EPS Growth118.83%
CountryHK
Employees2,113
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)38.54
Shares Outstanding143,541,560
10 Day Avg. Volume1,247,462
30 Day Avg. Volume1,624,730
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)8.59
Price to Sales (P/S)3.58
P/FCF Ratio-13.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$567.10Price Target Upside39.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)38.48
Revenue Forecast (FY)HK$33.33B
Laopu Gold Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Laopu Gold Co., Ltd. engages in the design, manufacture, and sale of heritage gold jewelry. Its products include pure gold jewelry, gem-set jewelry with diamonds or other gemstones inlaid in pure gold, and others. The company was founded by Gao Mi...
How the Company Makes Money
Laopu Gold primarily makes money by selling branded gold jewellery and related gold products to end consumers. Its core revenue stream is retail sales revenue recognized when customers purchase products through the company’s sales channels (e.g., ...
Laopu Gold Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.23B | 26.60B | 8.51B | 3.18B | 1.29B | 1.26B |
| Gross Profit | 13.54B | 10.01B | 3.50B | 1.33B | 630.44M | 627.92M |
| EBITDA | 9.48B | 6.69B | 1.99B | 691.31M | 161.71M | 175.67M |
| Net Income | 6.77B | 4.74B | 1.47B | 416.30M | 94.53M | 113.88M |
Balance Sheet | ||||||
| Total Assets | 23.72B | 21.26B | 6.34B | 2.16B | 1.45B | 1.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.76B | 1.92B | 732.65M | 69.84M | 60.28M | 30.81M |
| Total Debt | 7.10B | 6.67B | 1.69B | 394.57M | 334.93M | 311.45M |
| Total Liabilities | 10.50B | 10.16B | 2.42B | 643.13M | 473.40M | 487.66M |
| Stockholders Equity | 13.22B | 11.10B | 3.92B | 1.52B | 869.57M | 770.31M |
Cash Flow | ||||||
| Free Cash Flow | -4.76B | -6.99B | -1.30B | -88.74M | 125.57M | 78.85M |
| Operating Cash Flow | -4.67B | -6.85B | -1.23B | -29.20M | 165.81M | 116.44M |
| Investing Cash Flow | -87.44M | -145.13M | -70.92M | -59.22M | -34.58M | -30.95M |
| Financing Cash Flow | 4.23B | 8.21B | 1.96B | 98.97M | -79.27M | -55.68M |
Laopu Gold Co. Ltd. Class H Technical Analysis
Negative
405.40
Price Trends
370.18
Negative
435.52
Negative
549.43
Negative
Market Momentum
4.96
Positive
45.75
Neutral
43.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6181, the sentiment is Negative. The current price of 405.4 is above the 20-day moving average (MA) of 385.53, above the 50-day MA of 370.18, and below the 200-day MA of 549.43, indicating a bearish trend. The MACD of 4.96 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 43.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6181.
Laopu Gold Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$8.84B | 3.00 | 19.31% | 8.27% | 16.22% | 151.59% | |
69 Neutral | HK$12.56B | 6.25 | 14.28% | 7.22% | 28.96% | 86.00% | |
68 Neutral | HK$117.80B | 12.68 | 33.61% | 5.74% | 5.29% | 53.87% | |
65 Neutral | HK$5.66B | 4.90 | 22.49% | 8.00% | ― | ― | |
63 Neutral | HK$68.51B | 8.19 | 55.63% | 9.39% | 108.51% | 118.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
HK:6181
Laopu Gold Co. Ltd. Class H
369.60
-330.74
-47.23%
HK:0116
Chow Sang Sang Holdings International
12.94
-0.78
-5.70%
HK:1929
Chow Tai Fook Jewellery Group
11.67
-3.48
-22.98%
HK:0590
Luk Fook Holdings (International)
21.74
-3.85
-15.05%
HK:2585
Mokingran Jewellery Group Co Ltd Class H
25.56
11.90
87.17%
HK:6168
Zhou Liu Fu Jewellery Co., Ltd. Class H
12.63
-39.54
-75.79%
Laopu Gold Co. Ltd. Class H Corporate Events
Laopu Gold Announces Interim Cash Dividend for 2026 Half-Year
Aug 25, 2026
Laopu Gold Co., Ltd. has declared an interim ordinary cash dividend of RMB 18.02 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars, with the exact HKD am...
Laopu Gold Posts Near-Doubling of Interim Profit on Robust Revenue Growth
Aug 25, 2026
Laopu Gold Co., Ltd. reported a sharp improvement in unaudited interim results for the six months ended June 30, 2026, underscoring strong operating momentum. Revenue climbed 60.3% year-on-year to RMB19.81 billion, while gross profit surged 73.7% ...
Laopu Gold Schedules Board Meeting to Review 2026 Interim Results and Dividend
Aug 13, 2026
Laopu Gold Co., Ltd. has scheduled a board meeting for August 25, 2026 to review and approve the unaudited interim results for the six months ended June 30, 2026 for the company and its subsidiaries. The board will also consider the declaration of...
Laopu Gold Schedules 2026 Interim Results Briefing in Beijing
Aug 13, 2026
Laopu Gold Co., Ltd., a PRC-incorporated gold company listed in Hong Kong, has announced arrangements to brief investors on its interim performance for 2026 and outline current business operations. The move underscores the company’s effort t...
Laopu Gold Sees Profit Surge on Brand Expansion and High-Value Demand
Jul 27, 2026
Laopu Gold Co., Ltd., a PRC-incorporated gold jewelry company listed in Hong Kong, has built an absolute market advantage through expanding its brand influence and optimizing its product portfolio. The Group focuses on gold ornaments and vessels, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.