Lei Jianping on May 14
Laopu Gold Co., Ltd. (hereinafter referred to as "Laopu Gold") recently submitted a prospectus to be listed on the Hong Kong Stock Exchange.
Laopu Gold has passed the filing of the China Securities Regulatory Commission and got the key to listing. Laopu Gold had prepared to list on the A-share market, but the A-share application was not approved.
Annual revenue of 3.18 billion
Laopu Gold is a brand certified by the China Gold Association to promote the concept of "ancient gold", is a professional brand of ancient handmade gold, up to now, the company has a total of 32 stores.
According to the prospectus, the revenue of Laopu Gold in 2021, 2022, and 2023 will be 1.265 billion yuan, 1.294 billion yuan, and 3.18 billion yuan respectively; The gross profit was 521 million yuan, 542 million yuan and 1.332 billion yuan respectively.
The annual profits of Laopu Gold in 2021, 2022, and 2023 will be 114 million yuan, 94.52 million yuan, and 416 million yuan respectively.
As of December 31, 2023, the cash and cash equivalents held by Laopu Gold were 69.84 million yuan.
The post-investment valuation is 5.2 billion
The executive directors of Laopu Gold are Xu Gaoming, Feng Jianjun, Xu Rui and Jiang Xia; The independent non-executive Directors are Sun Yijun, Dr. He Yurun and Shi Dehua.
The old gold family has a strong color, among them, Xu Gaoming and Xu Dongbo are father and son, and Xu Dongbo is Xu Gaoming's son. Xu Rui is Xu Gaoming's nephew and Jiang Xia's cousin. Jiang Xia is Xu Gaoming's nephew.
Laopu Gold has increased its capital by 225 million yuan in November 2023, with a post-investment valuation of 5.225 billion yuan and a cost per share of 36.63 yuan.
Before the IPO, Xu Gaoming directly held 22.39% of the shares, Xu Gaoming and Feng Jianjun held 39.33% of the shares through Hongqiao Jinji, Xu Dongbo held 10.04% of the shares, Chen Guodong held 10.57% of the shares, Tianjin Jinji held 6.51% of the shares, and Tianjin Jinli held 3.05% of the shares;
Tianjin Jinli holds 0.88%, Tianjin Jinyong holds 1.11%, Tianjin Jindi holds 1.82%, Xiamen Black Ant holds 1.86%, Suzhou Yimei holds 1.49%, and Fosun Hanxing holds 0.96%.
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