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Profit warning sends Laopu Gold shares down 23.8%

Laopu Gold reported H1 2026 revenue of RMB 19.8–20.45 billion and adjusted net profit of RMB 4.31–4.36 billion, but fell short of market expectations. A back-calculated analysis points to a sharp sequential collapse in the second quarter; analysts estimate Q2 net profit was roughly 40–45% below prior forecasts. Several brokers (Goldman Sachs, Morningstar, CICC) subsequently cut their price targets significantly, the stock fell to a 52-week low, while the broader Hong Kong market remained resilient. » Mere på de.investing.com