HK Stock Market Move | LAOPU GOLD(06181) fell nearly 7% in the final trading period, with the opening of new stores driving the recent stock price performance. Institutions predict a slight decrease in full-year gross profit margin.

LAOPU GOLD (06181) plunged nearly 7% at the close, falling 5.74% to HK$1018 at the time of writing, with a transaction value of HK$8.67 billion. On the news front, LAOPU GOLD opened its third store in the Shanghai International Finance Center on June 28 and launched a promotional event from June 28 to July 6, with strong demand. In addition, the Singapore store officially opened on June 21 at Marina Bay Sands Hotel. Morgan Stanley released a research report stating that LAOPU GOLD is not afraid of the lifting of stock restrictions, and with the successful opening of new stores, the stock price has shown strong performance. Guoyuan International published a report predicting that the company's same-store sales in 2025 will increase by around 150% year-on-year, with total revenue growing by nearly 200% year-on-year; the company raised prices for its main products in February by 8%-12%. The next price adjustment is expected to be in September-October, with a slight decrease in gross profit margin year-on-year in 2025 predicted; the rental-related costs of old stores are variable costs, essentially tied to income. The labor costs and other expenses of old stores have significant operational leverage, and the expense ratio is expected to decrease significantly with the improvement of individual store efficiency.