China's Laopu Gold shares fall despite forecast of tripling profits [CNBC]
Marsh & McLennan Companies, Inc. (MMC)
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Source: CNBC
However, shares of Laopu Gold fell to their lowest levels since May 20 and is on course for their ninth straight session of decline. Luxury spending slowdown looms as affluent Chinese shift spending to travel, Oliver Wyman says. Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Shares of fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over year, or between RMB 2.23 billion and RMB 2.28 billion ($311.11 million to $318.08 million). The stock, which is up 203.07% for the year to date, rose nearly 4% in early trade, but pared back gains as investors locked in their profits. While shares of Laopu Gold are on course for their ninth straight session of decline, they have skyrocketed by more than 2,000% since their listing last year. The Hong Kong-listed company also reported in a filing to the Hong Kong stock exchange
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MMC
Earnings
- 10/16/25 - Beat
MMC
Sec Filings
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- 11/18/25 - Form 4
- MMC's page on the SEC website