HK Stock Market Move | LAOPU GOLD(06181) increases by more than 18% and achieves high growth in 24 years of performance, institutions say offline single-store and online sales momentum is strong.

LAOPU GOLD (06181) rose by more than 18%, reaching a high of 867 Hong Kong dollars, with a total market value exceeding 140 billion Hong Kong dollars. As of the time of writing, it rose by 18.66%, closing at 865 Hong Kong dollars, with a turnover of 22.99 billion Hong Kong dollars. On the news front, LAOPU GOLD released its annual performance report. In 2024, it achieved sales performance of 9.8 billion yuan, a year-on-year increase of 166%; achieved a net profit of 1.47 billion yuan, a year-on-year increase of 254%, which is in the upper half range of performance forecast. Earnings per share were 9.47 yuan; it plans to distribute a final dividend of 6.35 yuan per share, corresponding to a dividend payout ratio of 73%, marking the first dividend distribution since listing. Huatai pointed out that LAOPU GOLD continues to shine, with queues forming at many offline stores this year. Referring to Jiufan, the sales of 9 sample stores of Laopu in January-February increased by 151% year-on-year; the GMV of the Tmall official flagship store increased by 590% year-on-year. At the same time, the company is orderly advancing the expansion of domestic and overseas stores and the renovation of old stores. The first store in Singapore started barricading in mid-February, and is expected to open up the overseas market space and further solidify its positioning as a high-end brand; the second store in Shanghai will be located in the Ganghui Henglong Plaza, and entered the barricading construction stage at the end of February, and is expected to strengthen its reach to the target customer group after opening.