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:59Neutral
Price Target:
HK$557.00
▼(-20.26% Downside)
Action:Reiterated
Date:04/21/26
The score is primarily held back by very weak cash generation (deeply negative operating/free cash flow) and a more leveraged balance-sheet trend, despite strong revenue growth and healthy profitability. Technical indicators also point to a weaker trend, while valuation (P/E ~20 and a ~2.6% yield) is moderately supportive.
Positive Factors
Revenue Growth
Sustained double-digit top-line expansion (+53.4% in 2025) indicates strong product demand and successful retail execution. Durable revenue growth supports scale benefits, SKU and channel optimization, and funds strategic investment, making future expansion less reliant on short-term trends.
Negative Factors
Negative Cash Flow
Deeply negative operating and free cash flows mean reported profits are not converting to cash, likely due to heavy working capital or capex. This creates persistent liquidity and funding risk, forcing reliance on external financing that can constrain strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line expansion (+53.4% in 2025) indicates strong product demand and successful retail execution. Durable revenue growth supports scale benefits, SKU and channel optimization, and funds strategic investment, making future expansion less reliant on short-term trends.
Read all positive factors
Laopu Gold Co. Ltd. Class H (6181) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$95.88B
Dividend Yield2.51%
Average Volume (3M)1.29M
Price to Earnings (P/E)9.4
Beta (1Y)0.95
Revenue Growth221.33%
EPS Growth221.57%
CountryHK
Employees1,303
SectorBasic Materials
Sector Strength58
IndustryLuxury Goods
Share Statistics
EPS (TTM)28.09
Shares Outstanding143,541,560
10 Day Avg. Volume1,637,625
30 Day Avg. Volume1,294,903
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)8.59
Price to Sales (P/S)3.58
P/FCF Ratio-13.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$997.91Price Target Upside42.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)47.63
Revenue Forecast (FY)HK$42.69B
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 Co. Ltd. primarily makes money by selling gold jewelry and related products to consumers. Its core revenue stream is retail sales, where revenue is recognized from the sale of finished jewelry items (and potentially related items/servic...
Laopu Gold Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.60B | 8.51B | 3.18B | 1.29B | 1.26B |
| Gross Profit | 10.01B | 3.50B | 1.33B | 630.44M | 627.92M |
| EBITDA | 6.69B | 1.99B | 691.31M | 161.71M | 175.67M |
| Net Income | 4.74B | 1.47B | 416.30M | 94.53M | 113.88M |
Balance Sheet | |||||
| Total Assets | 21.26B | 6.34B | 2.16B | 1.45B | 1.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.92B | 732.65M | 69.84M | 60.28M | 30.81M |
| Total Debt | 6.67B | 1.69B | 394.57M | 334.93M | 311.45M |
| Total Liabilities | 10.16B | 2.42B | 643.13M | 473.40M | 487.66M |
| Stockholders Equity | 11.10B | 3.92B | 1.52B | 869.57M | 770.31M |
Cash Flow | |||||
| Free Cash Flow | -6.99B | -1.30B | -88.74M | 125.57M | 78.85M |
| Operating Cash Flow | -6.85B | -1.23B | -29.20M | 165.81M | 116.44M |
| Investing Cash Flow | -145.13M | -70.92M | -59.22M | -34.58M | -30.95M |
| Financing Cash Flow | 8.21B | 1.96B | 98.97M | -79.27M | -55.68M |
Laopu Gold Co. Ltd. Class H Technical Analysis
Negative
698.50
Price Trends
602.34
Negative
649.37
Negative
665.55
Negative
Market Momentum
-14.85
Positive
35.70
Neutral
20.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6181, the sentiment is Negative. The current price of 698.5 is above the 20-day moving average (MA) of 567.61, above the 50-day MA of 602.34, and above the 200-day MA of 665.55, indicating a bearish trend. The MACD of -14.85 indicates Positive momentum. The RSI at 35.70 is Neutral, neither overbought nor oversold. The STOCH value of 20.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.07B | 1.58 | 5.10% | 4.05% | 10.23% | 66.75% | |
73 Outperform | HK$12.73B | 5.90 | 9.57% | 4.43% | 10.89% | 2.02% | |
67 Neutral | HK$7.56B | 2.51 | 12.17% | 4.60% | 6.00% | 114.75% | |
64 Neutral | HK$108.22B | 15.23 | 23.29% | 4.21% | -9.49% | 32.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$95.88B | 9.43 | 51.43% | 2.51% | 221.33% | 221.57% | |
47 Neutral | HK$426.49M | -1.28 | -7.92% | ― | -17.82% | 16.27% |
* Basic Materials Sector Average
HK:6181
Laopu Gold Co. Ltd. Class H
533.00
-177.52
-24.98%
HK:0256
Citychamp Watch & Jewellery Group
0.10
-0.40
-80.81%
HK:0116
Chow Sang Sang Holdings International
11.43
4.73
70.70%
HK:1929
Chow Tai Fook Jewellery Group
11.00
0.75
7.30%
HK:0887
Emperor Watch & Jewellery
0.28
>-0.01
-1.79%
HK:0590
Luk Fook Holdings (International)
21.46
4.53
26.73%
Laopu Gold Co. Ltd. Class H Corporate Events
Laopu Gold Controlling Shareholder Boosts Stake, Tightening Majority Control
May 20, 2026
Laopu Gold Co., Ltd. reported that controlling shareholder Xu Dongbo has acquired 335,700 H shares on the open market using personal funds, increasing his stake by about 0.19% of the company’s total issued share capital. Following this purch...
Laopu Gold Wins Strong Shareholder Backing at 2026 AGM
May 8, 2026
Laopu Gold Co., Ltd. reported that its annual general meeting was duly convened in Beijing, with shareholders and proxies holding about 70% of voting shares present, confirming compliance with PRC company law, Hong Kong listing rules and the firm&...
Laopu Gold Sets Final 2025 Dividend and Clarifies Tax Terms for H-Share Investors
May 8, 2026
Laopu Gold Co., Ltd. has declared a final ordinary dividend of RMB 11.95 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 8 May 2026. The dividend for H-share investors will be paid in Hong Kong do...
Laopu Gold Sets 2026 AGM to Approve Results, Capital Mandates and Governance Changes
Apr 16, 2026
Laopu Gold Co., Ltd. has convened its annual general meeting for May 8, 2026, in Beijing, where shareholders will review and vote on the company’s 2025 annual report and the reports of the board, independent non-executive directors, and supe...
Laopu Gold Posts Surging 2025 Revenue and Profit on Robust Gold Sales
Mar 23, 2026
Laopu Gold Co., Ltd., a PRC-based gold company listed in Hong Kong, reported a sharp expansion in its operations for the year ended December 31, 2025, driven by strong sales of gold-related products. The group’s business is reflected through...
Laopu Gold Declares RMB 11.95 Final Dividend for 2025
Mar 23, 2026
Laopu Gold Co., Ltd. has declared a final ordinary cash dividend of RMB 11.95 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 8 May 2026. The dividend, to be paid in Hong Kong dollars at an exchange...
Laopu Gold Moves to Update Articles in Corporate Governance Push
Mar 23, 2026
Laopu Gold Co., Ltd. has announced plans to amend its articles of association to further strengthen its corporate governance framework, drawing on the requirements of PRC Company Law and the Hong Kong Listing Rules. The board states that these cha...
Laopu Gold Issues Preliminary First-Quarter 2026 Results Ahead of Annual Briefing
Mar 23, 2026
Laopu Gold Co., Ltd., a Hong Kong-listed Chinese gold company, operates through a group structure in the precious metals industry, with a focus on gold-related products and services. Its operations position the Group as a significant participant i...
Laopu Gold Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 11, 2026
Laopu Gold Co., Ltd., a PRC-incorporated gold industry company listed in Hong Kong, has a board that includes both executive and independent non-executive directors, led by chairman and executive director Xu Gaoming. This structure supports regula...
Laopu Gold Plans 2025 Annual Results Briefing to Deepen Investor Engagement
Mar 11, 2026
Laopu Gold Co., Ltd., a PRC-incorporated gold company listed in Hong Kong under stock code 6181, is governed by a board that includes four executive directors and three independent non-executive directors. The company focuses on the gold industry ...
Laopu Gold Flags Surging 2025 Profits on Brand Strength and Store Expansion
Mar 11, 2026
Laopu Gold Co., Ltd. has issued a positive profit alert for 2025, indicating a sharp surge in sales, revenue and profitability compared with 2024, with sales and revenue expected to more than triple and net profit to more than double. Management a...
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.