Company Profile · Consumer Cyclical

Laopu Gold Co Ltd

6181 · HK
Industry
Gold Jewelry (Heritage Gold Luxury Brands)
Exchange
HK
Country
Hong Kong
Employees
2,113
Website
www.lphj.com
Current Price
HK$458.4
Live · Jun 18, 2026
Fair Buy
≤ HK$420
Margin-of-safety entry
Baillie Growth Score
48/100
Weak
Intrinsic Value · Three-Tier Range Current price HK$458.4 Live · Between the conservative and fair ranges

Composite valuation range · conservative HK$330–HK$420 / fair HK$480–HK$720 / optimistic HK$850–HK$1,100. At HK$458.4, Between the conservative and fair ranges.

At publication HK$500 (Jun 7, 2026)

Research on this stock
Laopu Gold
6181 · HK
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Laopu Gold: A Zen Horizon Framework Deep Dive

Laopu Gold is China's clear leader in high-end heritage-gold jewelry, often called the Hermès of gold. Its fully direct-operated footprint in top-tier malls, fixed per-piece pricing, and proactive annual price increases support roughly 37–41% gross margins, a 17.8% net margin, and 64.8% ROE, far above traditional gold retailers. Rating Watch: a real premium brand and category leader, but current upside still hinges on gold prices holding, brand differentiation surviving copycats, and operating cash flow turning positive.

Gold Jewelry (Heritage Gold Luxury Brands) Baillie 48 Jun 7, 2026
About the company

Laopu Gold Co., Ltd. designs, manufactures, and sells jewelry products in Mainland China, Hong Kong, and Macau. It offers handmade goldware, including pendants, bracelets, rings, earrings, jewelry for babies, and gem-set jewelry, as well as gold antiques and collectibles. The company also provides 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.

Financial snapshot
Market capHK$81.02B
Revenue (TTM)HK$27.3B
EBITDAHK$6.63B
Profit margin17.83%
ROE64.84%
P/E (TTM)13.98
Forward P/E8.12
PEG0.35
EPSHK$13.34
Dividend yield4.77%
52-week rangeHK$432.60 – HK$1,065.17

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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