The Zhitong Finance App learned that Bank of America Securities released a research report saying that according to Laoshun Gold's (06181.HK) earnings estimates for the first half of the year, revenue and profit for the second quarter slowed sharply year on year and quarter. Based on the median forecast, revenue for the second quarter fell 23% year on year, while net profit remained flat year on year. Revenue and profit fell 82% and 83%, respectively, from quarter to quarter. The bank believes that weak revenue was partially offset by better profit margins, as falling gold prices should push gross margin above 40%. Since the second quarter is a low season for gold and jewellery demand, and the company may launch more promotions and new products in the second half of the year, the bank currently expects revenue and profit for the third and fourth quarters to improve quarterly. This also indicates that if gold prices stabilize, part of the backlog of demand will be released. Bank of America Securities lowered its 2026 and 2027 earnings estimates by 15% and 20%, respectively, to 6.7 billion yuan and 7.3 billion yuan respectively, and lowered the target price from HK$774 to HK$350, reaffirming its “neutral” rating.

The Zhitong Finance App learned that Bank of America Securities released a research report saying that according to Laoshun Gold's (06181.HK) earnings estimates for the first half of the year, revenue and profit for the second quarter slowed sharply year on year and quarter. Based on the median forecast, revenue for the second quarter fell 23% year on year, while net profit remained flat year on year. Revenue and profit fell 82% and 83%, respectively, from quarter to quarter. The bank believes that weak revenue was partially offset by better profit margins, as falling gold prices should push gross margin above 40%. Since the second quarter is a low season for gold and jewellery demand, and the company may launch more promotions and new products in the second half of the year, the bank currently expects revenue and profit for the third and fourth quarters to improve quarterly. This also indicates that if gold prices stabilize, part of the backlog of demand will be released. Bank of America Securities lowered its 2026 and 2027 earnings estimates by 15% and 20%, respectively, to 6.7 billion yuan and 7.3 billion yuan respectively, and lowered the target price from HK$774 to HK$350, reaffirming its “neutral” rating.