Laopu Gold Co., Ltd. logo

Laopu Gold Co., Ltd.

6181.HK

HKSEConsumer CyclicalLuxury Goods

Latest quote

HK$398.2

+HK$0.40 · +0.10%

Aug 24, 4:08 PM HKT

6181.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 Ming Xu in 2009 and is headquartered in Beijing, China.

Industry
Luxury Goods
Sector
Consumer Cyclical
Headquarters
CN
CEO
Gao Ming Xu
Listed since
Jun 28, 2024
Employees
2,113

Market position

Day range

Current HK$398.2

52-week range

Current HK$398.2

Open
HK$405
Previous close
HK$397.8
Volume
2.39M
1.75× average
Average volume
1.36M
Average daily volume
Market cap
68.39B HKD
Beta
0.43
Market reference 1
50-day average
HK$376.32
+5.81% above average
200-day average
HK$579.82
-31.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
100.08B CNY
P/E (TTM)
12.17×
P/B (TTM)
5.35×
P/S (TTM)
2.17×
EV / EBITDA
14.96×
Earnings yield
4.97%
Free cash flow yield
-7.34%
Dividend yield
6.07%

Profitability & efficiency

Gross margin
37.63%
Operating margin
23.89%
Net margin
17.83%
Return on equity
42.72%
Return on assets
22.30%
Return on invested capital
27.28%

Financial health

Debt / equity
0.6×
Current ratio
2.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%37%20%3%Gross margin, FY2021: 49.65%Gross margin, FY2022: 48.71%Gross margin, FY2023: 41.89%Gross margin, FY2024: 41.16%Gross margin, FY2025: 37.63%Operating margin, FY2021: 12.73%Operating margin, FY2022: 11.00%Operating margin, FY2023: 18.06%Operating margin, FY2024: 23.21%Operating margin, FY2025: 23.90%Net margin, FY2021: 9.01%Net margin, FY2022: 7.30%Net margin, FY2023: 13.09%Net margin, FY2024: 17.32%Net margin, FY2025: 17.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.65%. Gross margin FY2022 48.71%. Gross margin FY2023 41.89%. Gross margin FY2024 41.16%. Gross margin FY2025 37.63%. Operating margin FY2021 12.73%. Operating margin FY2022 11.00%. Operating margin FY2023 18.06%. Operating margin FY2024 23.21%. Operating margin FY2025 23.90%. Net margin FY2021 9.01%. Net margin FY2022 7.30%. Net margin FY2023 13.09%. Net margin FY2024 17.32%. Net margin FY2025 17.83%.

Income trends

Revenue

26.6B CNY+212.70%

Operating income

6.36B CNY+222.08%

Net income

4.74B CNY+221.90%
Income trends across reported periods29.25B CNY18.65B CNY8.05B CNY−2.56B CNYRevenue, FY2021: 1.26B CNYRevenue, FY2022: 1.29B CNYRevenue, FY2023: 3.18B CNYRevenue, FY2024: 8.51B CNYRevenue, FY2025: 26.6B CNYOperating income, FY2021: 161.03M CNYOperating income, FY2022: 142.32M CNYOperating income, FY2023: 574.32M CNYOperating income, FY2024: 1.97B CNYOperating income, FY2025: 6.36B CNYNet income, FY2021: 113.88M CNYNet income, FY2022: 94.53M CNYNet income, FY2023: 416.3M CNYNet income, FY2024: 1.47B CNYNet income, FY2025: 4.74B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.26B CNY. Revenue FY2022 1.29B CNY. Revenue FY2023 3.18B CNY. Revenue FY2024 8.51B CNY. Revenue FY2025 26.6B CNY. Operating income FY2021 161.03M CNY. Operating income FY2022 142.32M CNY. Operating income FY2023 574.32M CNY. Operating income FY2024 1.97B CNY. Operating income FY2025 6.36B CNY. Net income FY2021 113.88M CNY. Net income FY2022 94.53M CNY. Net income FY2023 416.3M CNY. Net income FY2024 1.47B CNY. Net income FY2025 4.74B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue26.6B CNY8.51B CNY3.18B CNY1.29B CNY1.26B CNY
Cost of goods sold16.59B CNY5B CNY1.85B CNY874.58M CNY896.2M CNY
Gross profit10.01B CNY3.5B CNY1.33B CNY630.44M CNY627.92M CNY
Research and development24.28M CNY19.16M CNY10.72M CNY8.53M CNY8.41M CNY
Selling, general, and administrative3.7B CNY1.51B CNY262.62M CNY103.27M CNY100.53M CNY
Operating expenses3.65B CNY1.53B CNY756.62M CNY474.4M CNY441.8M CNY
Interest income3.73M CNY2.68M CNY−14.96M CNY168K CNY123K CNY
Interest expense135.43M CNY30.13M CNY18.08M CNY16.89M CNY11.59M CNY
Depreciation and amortization330.43M CNY27.71M CNY119.77M CNY22.24M CNY15.35M CNY
Operating income6.36B CNY1.97B CNY574.32M CNY142.32M CNY161.03M CNY
Net income4.74B CNY1.47B CNY416.3M CNY94.53M CNY113.88M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
67%
2 beats, 0 misses, 1 met estimate
Average EPS surprise
+1.77%
3 comparable reports
Latest EPS result
16.68
Estimate 16.45 · Beat by 1.40%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates29.8521.1512.453.75Q3 '24No estimateQ1 '25MetQ3 '25BeatQ1 '26BeatQ3 '26Estimate
Q3 2024, reported Aug 30, 2024: actual 4.41, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 5.34, estimate 5.34, surprise 0.00%, Met estimate. Q3 2025, reported Aug 20, 2025: actual 14.6, estimate 14.05, surprise +3.91%, Beat. Q1 2026, reported Mar 23, 2026: actual 16.68, estimate 16.45, surprise +1.40%, Beat. Q3 2026, reported Aug 25, 2026: actual —, estimate 27.97, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates25.52B18.08B10.65B3.21BQ3 '24No estimateQ1 '25BeatQ3 '25BeatQ1 '26MissQ3 '26Estimate
Q3 2024, reported Aug 30, 2024: actual 3.78B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 5.3B HKD, estimate 4.94B HKD, surprise +7.45%, Beat. Q3 2025, reported Aug 20, 2025: actual 13.46B HKD, estimate 12.83B HKD, surprise +4.90%, Beat. Q1 2026, reported Mar 23, 2026: actual 16.64B HKD, estimate 17.19B HKD, surprise -3.23%, Miss. Q3 2026, reported Aug 25, 2026: actual —, estimate 23.91B HKD, surprise —, Comparison unavailable.

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