Laopu Gold Co. Ltd. Class H (HK:6181)
:6181
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Laopu Gold Co. Ltd. Class H
(6181)
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Rating:69Neutral
Price Target:
HK$930.00
▲(33.14% Upside)
Action:UpgradedDate:01/27/26
The score is driven primarily by strong financial performance (revenue growth and improving margins) but is held back by weak cash flow generation. Technicals show strong momentum, yet overbought signals increase near-term risk. Valuation is a notable headwind due to the high P/E despite a modest dividend yield.
Positive Factors
Exceptional revenue growth
A >200% reported revenue increase signals durable expansion of core mining and sales operations, implying successful production scaling or market penetration. Sustained high growth over months supports reinvestment capacity, stronger bargaining power with buyers, and a larger revenue base to absorb shocks.
Negative Factors
Negative free cash flow and weak cash conversion
Persistent negative free cash flow and poor cash conversion undermine the company’s ability to self-fund capex and growth, increasing reliance on external financing. Over a multi-month horizon this raises sustainability risks for dividends, expansion plans, and resilience to commodity-driven revenue swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional revenue growth
A >200% reported revenue increase signals durable expansion of core mining and sales operations, implying successful production scaling or market penetration. Sustained high growth over months supports reinvestment capacity, stronger bargaining power with buyers, and a larger revenue base to absorb shocks.
Read all positive factors
Laopu Gold Co. Ltd. Class H (6181) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$112.76B
Dividend Yield2.51%
Average Volume (3M)1.29M
Price to Earnings (P/E)20.1
Beta (1Y)0.92
Revenue Growth226.65%
EPS Growth278.96%
CountryHK
Employees1,303
SectorBasic Materials
Sector Strength58
IndustryLuxury Goods
Share Statistics
EPS (TTM)16.96
Shares Outstanding143,541,560
10 Day Avg. Volume1,637,625
30 Day Avg. Volume1,294,903
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)8.99
Price to Sales (P/S)4.14
P/FCF Ratio-27.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1,027.50Price Target Upside47.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)46.72
Revenue Forecast (FY)HK$42.02B
Laopu Gold Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Laopu Gold Co., Ltd. designs, manufactures, and sells jewelry products in Mainland China, Hong Kong, and Macau. It provides pendants, bangles, bracelets, rings, and ear studs, as well as gem-set jewelry products with diamonds or other gemstones. T...
How the Company Makes Money
Laopu Gold generates revenue primarily through the sale of gold and gold-related products. The company employs a revenue model based on direct sales of mined gold to various buyers, including jewelers and industrial users, as well as through spot ...
Laopu Gold Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.34B | 8.51B | 3.18B | 1.29B | 1.26B | 846.65M |
| Gross Profit | 6.75B | 3.50B | 1.33B | 630.44M | 627.92M | 365.01M |
| EBITDA | 4.21B | 1.99B | 691.31M | 161.71M | 175.67M | 179.06M |
| Net Income | 3.15B | 1.47B | 416.30M | 94.53M | 113.88M | 83.22M |
Balance Sheet | ||||||
| Total Assets | 13.46B | 6.34B | 2.16B | 1.45B | 1.43B | 926.48M |
| Cash, Cash Equivalents and Short-Term Investments | 2.52B | 732.65M | 69.84M | 60.28M | 30.81M | 9.70M |
| Total Debt | 3.63B | 1.69B | 394.57M | 334.93M | 311.45M | 202.68M |
| Total Liabilities | 5.80B | 2.42B | 643.13M | 473.40M | 487.66M | 275.20M |
| Stockholders Equity | 7.66B | 3.92B | 1.52B | 869.57M | 770.31M | 651.28M |
Cash Flow | ||||||
| Free Cash Flow | -1.33B | -1.30B | -88.74M | 125.57M | 78.85M | 10.16M |
| Operating Cash Flow | -1.30B | -1.23B | -29.20M | 165.81M | 116.44M | 20.62M |
| Investing Cash Flow | -38.36M | -70.92M | -59.22M | -34.58M | -30.95M | -9.94M |
| Financing Cash Flow | 0.00 | 1.96B | 98.97M | -79.27M | -55.68M | -6.68M |
Laopu Gold Co. Ltd. Class H Technical Analysis
Neutral
698.50
Price Trends
704.71
Negative
678.46
Negative
723.58
Negative
Market Momentum
-18.41
Negative
46.94
Neutral
60.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6181, the sentiment is Neutral. The current price of 698.5 is above the 20-day moving average (MA) of 637.95, below the 50-day MA of 704.71, and below the 200-day MA of 723.58, indicating a neutral trend. The MACD of -18.41 indicates Negative momentum. The RSI at 46.94 is Neutral, neither overbought nor oversold. The STOCH value of 60.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6181.
Laopu Gold Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.29B | 3.61 | 5.10% | 4.05% | 6.60% | -14.32% | |
73 Outperform | HK$13.82B | 5.90 | 9.54% | 4.43% | 10.89% | 2.02% | |
69 Neutral | HK$112.76B | 20.10 | 51.43% | 2.51% | 226.65% | 278.96% | |
64 Neutral | HK$110.59B | 15.23 | 23.74% | 4.21% | -9.49% | 32.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$9.42B | 4.77 | 12.17% | 4.60% | -10.41% | 67.25% | |
48 Neutral | HK$374.26M | -11.47 | -7.92% | ― | -18.07% | -1041.89% |
* Basic Materials Sector Average
HK:6181
Laopu Gold Co. Ltd. Class H
638.00
-38.55
-5.70%
HK:0256
Citychamp Watch & Jewellery Group
0.09
-0.30
-77.95%
HK:0116
Chow Sang Sang Holdings International
14.03
7.74
123.19%
HK:1929
Chow Tai Fook Jewellery Group
11.21
2.98
36.26%
HK:0887
Emperor Watch & Jewellery
0.32
0.13
74.03%
HK:0590
Luk Fook Holdings (International)
23.54
10.00
73.83%
Laopu Gold Co. Ltd. Class H Corporate Events
Laopu Gold Sets Formal Terms of Reference for Board Audit Committee
Jan 19, 2026
Laopu Gold Co., Ltd. has formalised the terms of reference for its board Audit Committee, establishing a specialised governance body comprised entirely of non-executive directors, with a majority of independent non-executive directors and at least...
Laopu Gold Tightens Board Nomination Rules to Strengthen Governance
Jan 19, 2026
Laopu Gold Co., Ltd. has formalized detailed terms of reference for its board Nomination Committee, establishing a clear framework for how directors and senior management are selected, evaluated and recommended. The committee will be composed of a...
Laopu Gold Formalises Terms of Reference for Remuneration and Appraisal Committee
Jan 19, 2026
Laopu Gold Co., Ltd. has formalised the terms of reference for its Remuneration and Appraisal Committee, a specialised board committee tasked with designing and overseeing the appraisal standards and remuneration policies for directors, supervisor...
Laopu Gold Sets Up Board Strategy Committee to Steer Long-Term Growth and ESG Agenda
Jan 19, 2026
Laopu Gold Co., Ltd. has established a Strategy Committee under its board of directors to guide the company’s long-term development, major investment decisions and sustainability agenda, including environmental, social and governance (ESG) m...
Laopu Gold Co., Ltd. Announces Successful EGM Outcomes
Nov 18, 2025
Laopu Gold Co., Ltd. held an Extraordinary General Meeting (EGM) on November 18, 2025, where all proposed resolutions were passed. Key decisions included the election of members for the third session of the board and supervisory committee, as well...
Laopu Gold Co., Ltd. Announces Interim Dividend for H1 2025
Nov 18, 2025
Laopu Gold Co., Ltd. has announced an interim cash dividend for the six months ending June 30, 2025. The dividend is set at RMB 9.59 per share, payable in Hong Kong dollars at HKD 10.52 per share, with an exchange rate of RMB 1 to HKD 1.0971. The ...
Laopu Gold Co., Ltd. Announces Extraordinary General Meeting for Key Resolutions
Oct 31, 2025
Laopu Gold Co., Ltd. has announced an extraordinary general meeting (EGM) to be held on November 18, 2025, in Beijing. The meeting will address several key resolutions, including the election of directors and supervisors for the third session of t...
Laopu Gold Completes Successful Placement of New H Shares
Oct 30, 2025
Laopu Gold Co., Ltd. has successfully completed the placement of 3,711,800 new H Shares under a General Mandate, representing approximately 2.59% of the H Shares in issue. This placement, which was completed on October 30, 2025, at a price of HK$7...
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.