China consumer stocks jump on earnings, but analysts warn of limited recovery
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Hong Kong-listed consumer firms report strong results, but analysts say the gains reflect structural shifts rather than broad recovery.

Major Chinese consumer stocks listed in Hong Kong rose sharply following strong full-year earnings, though analysts said the results did not point to a broad recovery in the consumer market but rather highlighted structural divergence and new growth drivers in mainland China consumption. Jeweller Laopu Gold posted stronger-than-expected results for 2025, with revenues of 27.3 billion yuan last year, a 221 per cent surge year on year, while net profit jumped 234.9 per cent to 5.03 billion yuan,…

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