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Laopu Gold Co. Ltd. Class H (HK:6181)
:6181
Hong Kong Market

Laopu Gold Co. Ltd. Class H (6181) AI Stock Analysis

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HK:6181

Laopu Gold Co. Ltd. Class H

(6181)

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Neutral 69 (OpenAI - 5.2)
Rating:69Neutral
Price Target:
HK$930.00
▲(19.54% Upside)
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.
Strong margins and profitability
High gross margin and improving net margin suggest efficient extraction/refining and effective cost control that are likely to persist with operational discipline. Durable margin cushions protect profitability through commodity cycles and support funding for maintenance capex and strategic initiatives.
Solid balance sheet and high ROE
Moderate leverage and a strong equity base provide financial flexibility for project investments or downturns. Very high ROE indicates efficient use of shareholder capital, which supports sustainable returns and capacity to pursue growth without excessive dilution or risky financing if managed prudently.
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.
High sensitivity to gold price moves
As a pure-play gold producer, earnings and margins remain structurally tied to volatile commodity prices. That dependence creates persistent revenue and cashflow variability, complicating long-term planning, capital allocation and credit metrics during extended periods of weaker metals pricing.
Room for operational efficiency gains (EBIT/EBITDA)
Although profitability is strong at the net level, indicated EBIT/EBITDA headroom means operations could be run more efficiently. Failure to extract further opex or throughput improvements may limit sustainable cash generation and leave margins exposed if input costs rise or production growth slows.

Laopu Gold Co. Ltd. Class H (6181) vs. iShares MSCI Hong Kong ETF (EWH)

Laopu Gold Co. Ltd. Class H Business Overview & Revenue Model

Company DescriptionLaopu 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. The company also offers maintenance and repair services for jewelry products. It sells its products through stores and online. The company was founded in 2009 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes MoneyLaopu 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 market transactions. Key revenue streams include the extraction of gold from its mining operations, refining services, and potential partnerships with other mining entities for joint ventures. Additionally, fluctuations in gold prices significantly influence the company's earnings, as higher prices can lead to increased profitability. Strategic collaborations with local and international firms also enhance its market reach and operational efficiencies, contributing to overall revenue growth.

Laopu Gold Co. Ltd. Class H Financial Statement Overview

Summary
Strong income statement performance with impressive revenue growth and improved profitability (net margin 17.3% in 2024) supports a high score. The balance sheet is solid with moderate leverage (debt-to-equity 0.43) and strong ROE (37.6%), but mixed cash flow—negative free cash flow and weak cash conversion—meaningfully reduces the overall financial performance assessment.
Income Statement
85
Very Positive
Laopu Gold Co. Ltd. has shown impressive revenue growth, with a significant increase from 2023 to 2024. The gross profit margin remains strong at approximately 41.2% in 2024, indicating efficient cost management. The net profit margin has improved to 17.3%, reflecting enhanced profitability. However, the EBIT and EBITDA margins, while healthy, suggest room for further operational efficiency improvements.
Balance Sheet
78
Positive
The company's balance sheet is robust, with a debt-to-equity ratio of 0.43, indicating moderate leverage. The equity ratio stands at 61.9%, showcasing a strong equity base relative to assets. Return on equity is a solid 37.6%, reflecting effective use of shareholder funds. However, the increase in total debt warrants monitoring for potential leverage risks.
Cash Flow
65
Positive
Cash flow performance is mixed, with a negative free cash flow in 2024 due to high capital expenditures and operating cash outflows. The operating cash flow to net income ratio is negative, indicating challenges in converting profits to cash. However, the company has managed to secure financing to support its operations, which is a positive sign.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue17.34B8.51B3.18B1.29B1.26B846.65M
Gross Profit6.75B3.50B1.33B630.44M627.92M365.01M
EBITDA4.21B1.99B691.31M161.71M175.67M179.06M
Net Income3.15B1.47B416.30M94.53M113.88M83.22M
Balance Sheet
Total Assets13.46B6.34B2.16B1.45B1.43B926.48M
Cash, Cash Equivalents and Short-Term Investments2.52B732.65M69.84M60.28M30.81M9.70M
Total Debt3.63B1.69B394.57M334.93M311.45M202.68M
Total Liabilities5.80B2.42B643.13M473.40M487.66M275.20M
Stockholders Equity7.66B3.92B1.52B869.57M770.31M651.28M
Cash Flow
Free Cash Flow-1.33B-1.30B-88.74M125.57M78.85M10.16M
Operating Cash Flow-1.30B-1.23B-29.20M165.81M116.44M20.62M
Investing Cash Flow-38.36M-70.92M-59.22M-34.58M-30.95M-9.94M
Financing Cash Flow0.001.96B98.97M-79.27M-55.68M-6.68M

Laopu Gold Co. Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price778.00
Price Trends
50DMA
676.99
Positive
100DMA
685.62
Positive
200DMA
740.87
Positive
Market Momentum
MACD
39.82
Negative
RSI
60.67
Neutral
STOCH
56.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6181, the sentiment is Positive. The current price of 778 is above the 20-day moving average (MA) of 709.88, above the 50-day MA of 676.99, and above the 200-day MA of 740.87, indicating a bullish trend. The MACD of 39.82 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 56.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6181.

Laopu Gold Co. Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
HK$2.14B7.825.10%4.05%6.60%-14.32%
73
Outperform
HK$18.87B14.699.54%4.43%10.89%2.02%
69
Neutral
HK$137.51B38.7559.03%2.51%226.65%278.96%
64
Neutral
HK$142.06B24.2323.74%4.21%-9.49%32.56%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
61
Neutral
HK$9.85B8.359.13%4.60%-10.41%67.25%
48
Neutral
HK$731.12M-2.41-7.92%-18.07%-1041.89%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6181
Laopu Gold Co. Ltd. Class H
778.00
360.85
86.50%
HK:0256
Citychamp Watch & Jewellery Group
0.17
-0.58
-77.60%
HK:0116
Chow Sang Sang Holdings International
14.66
8.53
139.31%
HK:1929
Chow Tai Fook Jewellery Group
14.40
7.76
116.77%
HK:0887
Emperor Watch & Jewellery
0.30
0.13
83.23%
HK:0590
Luk Fook Holdings (International)
32.14
18.71
139.35%

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 one member possessing professional accounting or financial management expertise. The document sets out the committee’s mandate to supervise external and internal audits, oversee risk management, internal controls and financial reporting systems, guide internal audit work, coordinate among management, internal audit and external auditors, and undertake broader corporate governance functions, signalling a structured effort to strengthen oversight, transparency and compliance with Hong Kong listing requirements for the benefit of shareholders and other stakeholders.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$717.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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 at least three directors, with a majority being independent non-executive directors and at least one member of a different gender, and will oversee board structure, size, skills mix and diversity, succession planning for key roles, and regular performance evaluations. By codifying responsibilities around independence assessment, board diversity policy implementation and mechanisms to ensure independent views are heard, the company is strengthening its corporate governance practices in line with Hong Kong Listing Rules, which may enhance transparency, board effectiveness and investor confidence.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$717.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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, supervisors and senior management. The committee, which must comprise at least three directors with a majority of independent non-executive directors and be chaired by an independent director, is mandated to recommend remuneration policy and structure to the board, ensure formal and transparent procedures in pay-setting, and coordinate with a dedicated working team and secretary support, reinforcing the company’s corporate governance framework and aligning it with Hong Kong listing requirements and PRC corporate law norms.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$717.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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) management. The committee, composed of at least three directors and led by a chairperson appointed by the board, is tasked with formulating strategic plans, reviewing major investment, financing, capital operations and asset management proposals, coordinating ESG strategies and reporting, overseeing implementation of ESG objectives, and operating an investment review panel, thereby formalizing and strengthening the company’s decision-making structure and governance framework.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$717.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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 as the appointment of committee members and the approval of an interim dividend payment. The successful resolutions reflect strong shareholder support and compliance with regulatory requirements, potentially strengthening the company’s governance and operational framework.

The most recent analyst rating on (HK:6181) stock is a Buy with a HK$1160.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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 payment date is scheduled for January 15, 2026. The company has outlined the withholding tax rates applicable to different types of shareholders, with non-resident enterprises and individuals facing a 10% tax rate, while resident individuals within the PRC are subject to a 20% tax rate. This announcement updates previous information regarding currency, amount, exchange rate, and withholding tax details.

The most recent analyst rating on (HK:6181) stock is a Buy with a HK$1160.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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 the board and supervisory committee, the approval of an interim profit distribution plan, the adoption of a dividend policy, and proposed amendments to the Articles of Association. These decisions are significant as they will shape the company’s governance and financial strategies, potentially impacting shareholder value and the company’s market positioning.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$739.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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$732.49 per H Share, involved not less than six independent placees, none of whom became substantial shareholders. The successful placement slightly altered the company’s shareholding structure, increasing the total number of shares in issue and enhancing the company’s capital base.

The most recent analyst rating on (HK:6181) stock is a Hold with a HK$739.00 price target. To see the full list of analyst forecasts on Laopu Gold Co. Ltd. Class H stock, see the HK:6181 Stock Forecast page.

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.Date of analysis: Jan 27, 2026