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PERSISTENCE RES
02489.HK
Persistence Resources Group Ltd, an investment holding company, engages in the exploration, mining, processing, and sale of gold bullion in the People’s Republic of China. It holds 75% interest in the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine located in Songjiagou. The company was formerly known as Sinogold Resources Holdings Group Co., Ltd. and changed its name to Persistence Resources Group Ltd in May 2022.
1.697 T
02489.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
GoldIndustry
Industry Ranking7/11
Industry medianB
Industry averageB
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE11.58%B
    • Profit Margin18.35%A
    • Gross Margin52.01%B
  • Growth ScoreB
    • Revenue YoY24.59%A
    • Net Profit YoY8.95%C
    • Total Assets YoY48.61%A
    • Net Assets YoY16.60%A
  • Cash ScoreB
    • Cash Flow Margin545.07%C
    • OCF YoY24.59%A
  • Operating ScoreC
    • Turnover0.38C
  • Debt ScoreB
    • Gearing Ratio34.68%B

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Institutional View & Shareholder

Analyst Ratings

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    News
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    "Performance" PERSISTENCE RES reported a net profit of RMB 88.127 million in the third quarter, an increase of 3% year-on-year

    PERSISTENCE RES announced its third-quarter results for the period ending September this year, with a revenue of 450 million RMB, an increase of 23.4% year-on-year. The net profit was 88.127 million RMB, an increase of 3% year-on-year; earnings per share were 4.41 cents

    AASTOCKS·
    HK
    02489
    -2.29%
    AASTOCKS·
    HK
    02489
    -2.29%

    PERSISTENCE RES Songjiagou underground mine resumes production

    PERSISTENCE RES announced that it has received the production safety license issued by the Shandong Provincial Emergency Management Department and has resumed normal production at the Songjiagou underground mine. Given the relatively short suspension period, this shutdown will not have a significant impact on the group's annual gold production

    AASTOCKS·
    HK
    02489
    -2.29%
    AASTOCKS·
    HK
    02489
    -2.29%

    Understanding the Market | Gold stocks continue to weaken, spot gold falls below $3,980, institutions expect consolidation and fluctuations before the end of the year

    Gold stocks continue to weaken. As of the time of writing, LINGBAO GOLD fell 4.27% to HKD 15.9; PERSISTENCE RES fell 3.55% to HKD 1.36; CHI SILVER GP fell 3.23% to HKD 0.6; CHINAGOLDINTL fell 2.65% to HKD 125. On the news front, on November 4th, spot gold fell below USD 3,980 per ounce, down 0.53% for the day. This is a decline of over 9% from the peak on October 20th. GF Securities believes that the main reason for the deep correction in gold this time is that the implied volatility of gold is at a high level, and the demand for profit-taking after a significant rise may weaken the trend of capital inflow; the market has priced in too much geopolitical instability in advance, but there has been a recent trend of easing in China-U.S. relations and the Russia-Ukraine conflict. GF Securities points out that the short-term level of gold is still not low, and the volatility is large, with geopolitical risks marginally receding. If there are no unexpected positive factors to stimulate the market, it is expected that London gold will consolidate and fluctuate before the end of the year, and reach new highs after the first quarter of next year. For gold to continue rising, two necessary conditions must be met: (1) implied volatility must drop to the levels of August-September; (2) there must be new driving factors at the macro level

    Zhitong·
    HK
    03330
    +2.63%
    HK
    00815
    +2.90%
    HK
    02099
    +2.24%
    Zhitong·
    HK
    03330
    +2.63%
    HK
    00815
    +2.90%
    HK
    02099
    +2.24%

    On October 14th, PERSISTENCE RES issued 400 million placement shares

    According to an announcement from PERSISTENCE RES, on October 14, 2025, it will issue and allot 400 million placement shares in accordance with the placement agreement, supplementary placement agreement, and general authorization

    Zhitong·
    HK
    02489
    -2.29%
    Zhitong·
    HK
    02489
    -2.29%

    PERSISTENCE RES completed the placement of 400 million new shares, netting approximately HKD 466 million

    According to the Zhitong Finance APP, PERSISTENCE RES announced that on October 14, 2025, a total of 400 million placement shares were successfully placed by the placement agent at a placement price of HKD 1.18 per share to no less than six subscribers, raising approximately HKD 466 million, which is intended for the acquisition of potential gold mine projects; to accelerate the company's business expansion; and for general working capital and other general corporate purposes

    Zhitong·
    HK
    02489
    -2.29%
    Zhitong·
    HK
    02489
    -2.29%
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