Laopu Gold Co., Ltd. (LAOPU) balance sheet

HKSE · Consumer Cyclical · Luxury Goods · 2,190 employees · CEO Gao Ming Xu

Price: HK$269.00 -1.82%
Market cap: HK$47.5B
Enterprise value: CN¥44.6B
Last report: Q2 '26 filed 2026-06-30
Next report: 2027-04-05

At the end of Q2 '26 Laopu Gold Co., Ltd. (LAOPU) held CN¥2.76B in cash and short-term investments against CN¥7.1B of debt incl. leases. Total assets CN¥23.7B, total liabilities CN¥10.5B, shareholders' equity CN¥13.2B.

Balance sheet

Balance sheet	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Assets
Cash & equivalents	CN¥59.4M	CN¥99.7M	CN¥69.6M	CN¥824M	CN¥733M	CN¥2.52B	CN¥1.92B	CN¥2.76B
Short-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥150M	CN¥0
Receivables	CN¥98.8M	CN¥164M	CN¥376M	CN¥370M	CN¥802M	CN¥844M	CN¥1.28B	CN¥524M
Inventory	CN¥795M	CN¥961M	CN¥1.26B	CN¥2.11B	CN¥4.09B	CN¥8.68B	CN¥16.1B	CN¥19B
Other current assets	CN¥37.1M	CN¥38.8M	CN¥22.1M	CN¥104M	CN¥157M	CN¥705M	CN¥1.31B	CN¥785M
Current assets	CN¥991M	CN¥1.26B	CN¥1.77B	CN¥3.4B	CN¥5.83B	CN¥12.7B	CN¥20.6B	CN¥23.1B
Property, plant & equipment (net)	CN¥245M	CN¥225M	CN¥309M	CN¥370M	CN¥415M	CN¥570M	CN¥562M	CN¥483M
Long-term investments	CN¥0	CN¥0	CN¥291K	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Intangible assets	CN¥3.44M	CN¥3.22M	CN¥2.88M	CN¥2.77M	CN¥3.12M	CN¥3.85M	CN¥12.9M	CN¥13M
Deferred tax assets	CN¥9.1M	CN¥12.6M	CN¥12.5M	CN¥11.6M	CN¥21.4M	CN¥46.1M	CN¥55M	CN¥61.7M
Other non-current assets	CN¥28.2M	CN¥24.8M	CN¥57.1M	CN¥62M	CN¥85.5M	CN¥93.4M	CN¥73.7M	CN¥77.2M
Non-current assets	CN¥282M	CN¥262M	CN¥382M	CN¥434M	CN¥503M	CN¥713M	CN¥703M	CN¥635M
Total assets	CN¥1.27B	CN¥1.53B	CN¥2.15B	CN¥3.84B	CN¥6.34B	CN¥13.5B	CN¥21.3B	CN¥23.7B
Liabilities
Accounts payable	CN¥5.03M	CN¥50M	CN¥57.5M	CN¥226M	CN¥228M	CN¥504M	CN¥636M	CN¥573M
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥140M	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥205M	CN¥194M	CN¥128M	CN¥127M	CN¥1.37B	CN¥3.18B	CN¥6.16B	CN¥6.7B
Taxes payable	CN¥5.83M	CN¥16M	CN¥19.4M	CN¥0	CN¥0	CN¥274M	CN¥0	CN¥0
Deferred revenue	CN¥8.69M	CN¥10.6M	CN¥27.7M	-CN¥231K	CN¥0	CN¥0	CN¥16.6M	CN¥19.5M
Other current liabilities	CN¥68.7M	CN¥95.7M	CN¥26M	CN¥164M	CN¥104M	CN¥153M	CN¥2.84B	CN¥2.8B
Current liabilities	CN¥287M	CN¥351M	CN¥473M	CN¥778M	CN¥2.25B	CN¥5.58B	CN¥9.88B	CN¥10.3B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥100M	CN¥60M
Lease obligations (non-current)	CN¥143M	CN¥113M	CN¥165M	CN¥161M	CN¥164M	CN¥216M	CN¥172M	CN¥121M
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥920K	CN¥805K	CN¥0	CN¥0
Deferred tax liabilities	CN¥880K	CN¥1.25M	CN¥1.15M	CN¥0	CN¥0	CN¥0	CN¥690K	CN¥575K
Other non-current liabilities	CN¥2.15M	CN¥2.33M	CN¥2.41M	CN¥3.84M	CN¥3.12M	CN¥3.74M	CN¥4.01M	CN¥4.54M
Non-current liabilities	CN¥128M	CN¥108M	CN¥168M	CN¥165M	CN¥168M	CN¥220M	CN¥277M	CN¥186M
Total liabilities	CN¥416M	CN¥459M	CN¥641M	CN¥943M	CN¥2.42B	CN¥5.8B	CN¥10.2B	CN¥10.5B
Equity
Common stock & paid-in capital	CN¥135M	CN¥136M	CN¥142M	CN¥165M	CN¥168M	CN¥173M	CN¥176M	CN¥177M
Retained earnings	CN¥292M	CN¥491M	CN¥673M	CN¥1.34B	CN¥2.22B	CN¥3.31B	CN¥4.22B	CN¥0
Accumulated other comprehensive income	CN¥51.7M	CN¥57.2M	CN¥97.7M	CN¥37.2M	CN¥57.2M	CN¥250M	CN¥267M	CN¥13B
Shareholders' equity	CN¥857M	CN¥1.07B	CN¥1.51B	CN¥2.9B	CN¥3.92B	CN¥7.66B	CN¥11.1B	CN¥13.2B
Debt
Total debt (incl. leases)	CN¥330M	CN¥299M	CN¥393M	CN¥409M	CN¥1.69B	CN¥3.63B	CN¥6.67B	CN¥7.1B
Net debt (debt - cash)	CN¥271M	CN¥199M	CN¥324M	-CN¥414M	CN¥957M	CN¥1.11B	CN¥4.75B	CN¥4.34B

Balance sheet	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥9.7M	CN¥30.8M	CN¥67.7M	CN¥69.8M	CN¥733M	CN¥1.92B
Short-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥150M
Receivables	CN¥77M	CN¥104M	CN¥100M	CN¥376M	CN¥802M	CN¥1.28B
Inventory	CN¥679M	CN¥770M	CN¥807M	CN¥1.27B	CN¥4.09B	CN¥16.1B
Other current assets	CN¥34.4M	-CN¥1.21M	CN¥2.18M	CN¥9.3M	CN¥157M	CN¥1.31B
Current assets	CN¥800M	CN¥923M	CN¥1B	CN¥1.78B	CN¥5.83B	CN¥20.6B
Property, plant & equipment (net)	CN¥102M	CN¥270M	CN¥279M	CN¥310M	CN¥415M	CN¥562M
Long-term investments	CN¥0	CN¥597K	CN¥376K	CN¥291K	CN¥0	CN¥0
Intangible assets	CN¥0	CN¥2.68M	CN¥3.07M	CN¥2.88M	CN¥3.12M	CN¥12.9M
Deferred tax assets	CN¥6.49M	CN¥9.63M	CN¥10.4M	CN¥12.5M	CN¥21.4M	CN¥55M
Other non-current assets	CN¥17.1M	CN¥18.1M	CN¥28.7M	CN¥57.2M	CN¥85.5M	CN¥73.7M
Non-current assets	CN¥126M	CN¥301M	CN¥321M	CN¥383M	CN¥503M	CN¥703M
Total assets	CN¥926M	CN¥1.43B	CN¥1.45B	CN¥2.16B	CN¥6.34B	CN¥21.3B
Liabilities
Accounts payable	CN¥13.9M	CN¥7.09M	CN¥5.11M	CN¥57.7M	CN¥228M	CN¥636M
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥171M
Short-term debt	CN¥165M	CN¥137M	CN¥136M	CN¥128M	CN¥1.37B	CN¥6.16B
Taxes payable	CN¥10.2M	CN¥5.21M	CN¥6.64M	CN¥21.4M	CN¥0	CN¥0
Deferred revenue	CN¥3M	CN¥6.89M	CN¥9.9M	CN¥0	CN¥0	CN¥0
Other current liabilities	CN¥50.8M	CN¥70.9M	CN¥5.54M	CN¥55.1M	CN¥104M	CN¥2.69B
Current liabilities	CN¥235M	CN¥267M	CN¥291M	CN¥474M	CN¥2.25B	CN¥9.88B
Long-term debt	CN¥7.89M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥100M
Lease obligations (non-current)	CN¥0	CN¥129M	CN¥127M	CN¥165M	CN¥164M	CN¥172M
Deferred revenue (non-current)	CN¥30M	CN¥568K	CN¥893K	CN¥1.15M	CN¥920K	CN¥690K
Deferred tax liabilities	CN¥648K	CN¥695K	CN¥1M	CN¥1.15M	CN¥0	CN¥0
Other non-current liabilities	CN¥1.56M	CN¥30.4M	CN¥17.2M	CN¥2.42M	CN¥3.12M	CN¥4.01M
Non-current liabilities	CN¥40.1M	CN¥161M	CN¥146M	CN¥169M	CN¥168M	CN¥277M
Total liabilities	CN¥275M	CN¥488M	CN¥473M	CN¥643M	CN¥2.42B	CN¥10.2B
Equity
Common stock & paid-in capital	CN¥136M	CN¥137M	CN¥137M	CN¥143M	CN¥168M	CN¥176M
Retained earnings	CN¥107M	CN¥240M	CN¥335M	CN¥675M	CN¥2.22B	CN¥4.22B
Accumulated other comprehensive income	CN¥24.5M	CN¥9.37M	CN¥14.1M	CN¥97.7M	CN¥57.2M	CN¥267M
Shareholders' equity	CN¥651M	CN¥770M	CN¥870M	CN¥1.52B	CN¥3.92B	CN¥11.1B
Debt
Total debt (incl. leases)	CN¥203M	CN¥311M	CN¥335M	CN¥395M	CN¥1.69B	CN¥6.67B
Net debt (debt - cash)	CN¥193M	CN¥350M	CN¥308M	CN¥325M	CN¥957M	CN¥4.75B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.