On August 21, LAOPU GOLD rose 3.19% in regular trading, trading at 383.2 HKD/share, with turnover of HKD 77.12 million.
On the news front, the rally was driven by two key catalysts. First, during the Qixi Festival (Chinese Valentine's Day) on August 19, the LAOPU GOLD store at Beijing SKP maintained exceptionally high foot traffic throughout the day, prompting the mall to extend closing time from 10:00 PM to past 11:30 PM to accommodate the final wave of customers. Reports indicated customers had queued for 2-3 hours when the SKP Qixi promotion launched in late July.
Second, overnight spot gold surged 4.32%, briefly touching USD 4,521.89 per ounce — the largest single-day gain in five months. Domestic gold jewelry prices jumped 46 yuan per gram overnight, driving the broader gold jewelry sector higher in tandem. The company is scheduled to release its interim results on August 25, with management previously guiding for notable revenue and profit growth in the second half as seasonal demand peaks.
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