The Luxury Thread

Beyond Europe · China and Asia

Laopu Gold

6181.HK · Hong Kong. Prices to 23 Oct 2026. Updated 25 Oct 2026.

Heritage style gold jewellery sold at fixed prices, the fastest grower in the group. Reports half yearly.

Company tag

Stable

Same thresholds as the European Luxury Health Check, but against the local market: growth above 3% scores +1, below 0% scores −1; shares more than 5 points ahead of the Hang Seng year to date score +1, more than 5 points behind score −1. Total 0. This tag is separate and does not feed the European health score.

Key numbers

PeriodRevenueGrowthReleased
H1 2026 (Jan to Jun)RMB19,808m+60.3%25 Aug 2026
Earlier periodsnot yet verified

Growth basis: reported, as the company reports it. Download CSV

Margin and valuationValueSource
Gross margin, H1 202641.3%source
Net profit margin, H1 202621.5%source
Valuation (P/E, yield)not yet verified
Line chart: Laopu Gold shares −53.9% this year vs Hang Seng −9.9%

What management said

H1 2026 (Jan to Jun) Tone: strong

Released 25 Aug 2026. Growth still very high but slowing from 2025. Release.

“The Group’s revenue was approximately RMB19,808.37 million, representing an increase of approximately RMB7,454.13 million or approximately 60.3%”

Interim results announcement, source

Call: No public call transcript checked for this release. Not yet verified.

Annual report. Interim results announcement. Full year 2025 annual report not yet reviewed.

Not yet verified: Quarterly figures (the company reports half yearly). Reporting line tables.

Sources

Last updated 25 Oct 2026. Quotes are copied verbatim from the linked releases.