Laopu Gold Plummets After Profit Alert Misses Market Expectations
Laopu Gold shares tumbled 23.8% to HK$302.2 after the company issued a profit alert on Sunday, July 27, reporting first-half 2026 revenue of RMB 19.8–20.45 billion and adjusted net profit of RMB 4.31–4.36 billion. Although those results imply strong year-over-year growth, they fell short of market forecasts, prompting analysts to cut targets and in…