Laopu Gold Co Ltd Ordinary Shares - Class H

06181: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Laopu Gold: Initiating Coverage of a Chinese Heritage Gold Jewelry Leader; Shares Undervalued

Jeff Zhang

Apr 27, 2026

We initiate coverage of Laopu Gold, a leading Chinese heritage gold jewelry designer and retailer focused on premium-priced products for affluent consumers. Laopu maintained over 100% year-on-year revenue growth in the first quarter of 2026, thanks to the continued popularity of main products.

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Laopu Gold Co Ltd Ordinary Shares - Class H

Laopu Gold: Initiating Coverage of a Chinese Heritage Gold Jewelry Leader; Shares Undervalued

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