Laopu Gold Sees Earnings Growth Slow Amid Bullion Price Retreat

Laopu Gold Co. is experiencing slower earnings growth due to weakening demand for its luxury jewelry products amid falling bullion prices.

The company expects a 60-66% revenue increase in the first half of the year, down from last year's 221% surge.

This slowdown mirrors a broader trend among Chinese 'viral' consumer brands, which saw explosive growth over the past two years but have since normalized as demand abruptly shifted away from speculative buying and social media buzz.

Laopu's business model, which emphasizes craftsmanship and brand value rather than just gold prices, has helped it maintain strong growth relative to other domestic jewellers and Western luxury brands.