Changes in Hong Kong stocks | Old Gold (06181) rebounded more than 5%. Second-quarter results were affected by falling gold prices, institutions are still optimistic about their subsequent profit recovery

The Zhitong Finance App learned that Old Shop Gold (06181) rebounded more than 5%. As of press release, it had risen 5% to HK$373.5, with a turnover of HK$232 million.

According to the news, Laopu Gold previously released its semi-annual report. According to the performance forecast for the first quarter of this year, its revenue for the second quarter was about 2.33 billion yuan and net profit of about 467-667 million yuan. Pacific Securities believes that although the growth rate slowed in 2026Q2 due to falling gold prices and pre-demand forecasting, performance growth momentum is sufficient, driven by multiple factors such as store optimization, deep penetration of high-net-worth customers, and high online and overseas growth, and is expected to continue the booming growth trend in the future.

The Komo Research Report also said that the sales slowdown in the second quarter was biased more towards cyclical rather than structural issues. Although short-term sales performance still depends on gold price trends, and the Mid-Autumn Festival and National Day holidays will be the next key observation points, the bank believes that the company's brand competitiveness and medium- to long-term profitability are still stable. The bank said that the profits of old gold stores will gradually pick up, from around 600 million yuan in the second quarter to about 800 million yuan/1.2 billion yuan in the third quarter/quarter.