Story
Laopu Gold Shares Plunge 23.8% After Profit Warning
Summary
Shares of Laopu Gold plummeted after the company issued a profit warning for the first half of 2026, with its updated revenue and earnings guidance falling short of analyst expectations.
Shares of Laopu Gold fell 23.8% on Tuesday after the company issued a profit alert on Sunday, warning that its financial results for the first half of 2026 would miss previous projections.
Revised Guidance Details
In its announcement, Laopu Gold provided updated guidance that fell below analyst estimates from Goldman Sachs. The company detailed the following expectations for the first six months of 2026:
- Revenue: Expected to be between Rmb19.8 billion and Rmb20.5 billion, below the Goldman Sachs estimate of Rmb21.0 billion.
- Adjusted Net Profit: Projected to range from Rmb4.3 billion to Rmb4.4 billion, compared to the Goldman Sachs forecast of Rmb4.8 billion.
AdSecond-Quarter Slowdown
The company's new guidance implies a significant slowdown in its second-quarter performance. Based on previously reported first-quarter results, the updated forecast suggests a Q2 2026 net profit of between Rmb0.56 billion and Rmb0.61 billion.
This implied figure represents a substantial miss, coming in 40% to 45% below the Goldman Sachs estimate of Rmb1.0 billion for the quarter. The sharp decline in the company's stock price reflects investor reaction to the weaker-than-expected outlook.
Read next
More on Stocks
MOEX Russia Index Closes Flat Amid Mixed Trading and Falling Oil Prices
Russia's benchmark stock index, the MOEX, finished the trading session unchanged as gains in consumer and materials stocks were offset by weakness in other sectors. The flat close came despite a drop in global oil prices and a strengthening of the Russian ruble.
Boeing 737 MAX Software Glitch Affects Autopilot, Prompts FAA Review
Boeing has identified a software flaw in its 737 MAX jets that can disable some automated navigation functions during certain landing scenarios, according to a Wall Street Journal report. The issue has prompted an FAA investigation and requests from major U.S. airlines to halt deliveries of aircraft with the new software.
Trump Announces New Fuel Economy Rules to End Biden-Era EV Push
Former President Donald Trump stated he has approved new fuel economy standards designed to reverse the Biden administration's policies that encouraged electric vehicle production. The move, announced on social media, signals a major shift in U.S. automotive regulatory policy.
Boeing Discloses 737 MAX Software Flaw Affecting Landing Navigation
Boeing has identified a software glitch in its 737 MAX aircraft that could disable an automated navigation feature during landing, prompting an investigation by the FAA and requests from major airlines to avoid the flawed update.