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<Research>Haitong Int'l Keeps Outperform on LAOPU GOLD; Domestic & Overseas Offline Layout Deepening
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Haitong International has released a research report predicting that LAOPU GOLD (06181.HK)'s 2025 revenue will have surged by 217% YoY to RMB26.96 billion, corresponding to a revenue of around RMB14.6 billion in 2H25, marking a YoY increase of 193%.

In Haitong International's opinion, LAOPU GOLD's business was growing faster online than offline, and its growth in overseas markets was outstripping that of the domestic market.

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Haitong International has kept an Outperform rating on LAOPU GOLD and given it a target price of HKD948.4.
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