Laopu Gold (06181) announced interim results. Profit attributable to shareholders of 588 million yuan increased by 198.75% year on year

According to the Zhitong Finance App, Laopu Gold (06181) announced interim results for the six months ended June 30, 2024. The group obtained revenue of RMB 3.52 billion (same unit), an increase of 148.34% over the previous year; profit attributable to the company's owners was 588 million yuan, an increase of 198.75% over the previous year; and profit per share was 4.11 yuan.

The increase in revenue and gross profit during the reporting period was mainly due to the expansion of the Group's brand influence, which led to an increase in overall store revenue stock, including online and offline revenue; continuous optimization, promotion and iteration of Group brand products, which promoted continuous revenue growth; changes in market consumption concepts and upgrading consumption concepts, and consumers preferred high-quality ancient gold products with more prominent classical cultural connotations and product value; and compared with the same period in 2023, the company added six new stores and expanded one store, generating incremental revenue contributions.