Persistence Resources Group Ltd (2489) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 2.13%
• Average Volume (3M): 4.94M
• Price to Earnings (P/E): 23.7
• Beta (1Y): -0.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 506
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): 0.02
• Shares Outstanding: 2,000,000,000
• 10 Day Avg. Volume: 6,386,312
• 30 Day Avg. Volume: 4,940,137
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$1.50
• Price Target Upside: 6.38% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: HK$1.50 ▲(6.38% Upside)

The overall stock score of 66 reflects strong financial performance, which is the most significant factor, supported by robust revenue growth and profitability. However, technical analysis indicates a bearish trend, and valuation metrics suggest the stock is relatively expensive, which weigh down the overall score.

Persistence Resources Group Ltd Business Overview & Revenue Model

Company Description

Persistence Resources Group Ltd engages in the exploration, mining, and processing of gold properties in China. It operates two operating gold mines, including the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine located in Songjiagou, the MupingRushan gold metallogenic belt. The company was formerly known as Sinogold Resources Holdings Group Co., Ltd. and changed its name to Persistence Resources Group Ltd in May 2022. The company was founded in 2005 and is headquartered in Yantai, China. Persistence Resources Group Ltd is a subsidiary of Majestic Gold Corp.

How the Company Makes Money

Persistence Resources Group Ltd generates revenue primarily through service contracts, consultancy fees, and project-based engagements within its sectors. Key revenue streams include fees for environmental assessments, resource management consulting, and the implementation of energy efficiency projects for corporate clients. The company also partners with local governments and private enterprises to deliver tailored solutions, which often involve profit-sharing agreements or service retainers that enhance its earnings potential. Additionally, the company may engage in joint ventures or strategic alliances that leverage its expertise in resource optimization, further contributing to its financial performance.

Persistence Resources Group Ltd Financial Statement Overview

Summary

Persistence Resources Group Ltd shows strong financial performance with robust revenue growth and profitability. The company's balance sheet is stable with low leverage, but cash flow consistency and return on equity require improvement.

Income Statement

Persistence Resources Group Ltd demonstrated robust growth in total revenue over recent years, with significant revenue growth from 2023 to 2024. The company's gross profit margin and net profit margin are strong, reflecting efficient cost management and profitability. The EBIT and EBITDA margins indicate excellent operational efficiency. Overall, the income statement reflects a healthy financial trajectory.

Balance Sheet

The company's balance sheet shows a solid equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, signaling conservative leverage use and low financial risk. However, the return on equity could be improved to enhance shareholder value. Overall, the balance sheet suggests a strong financial foundation with room for improved returns.

Cash Flow

Free cash flow has shown significant fluctuations, but overall growth is positive. The absence of operating cash flow in the latest period limits the analysis. Historically, the cash flow in relation to net income has been healthy, indicating effective cash generation from operations. Overall, the cash flow reflects moderate financial health with some areas needing attention.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	499.50M	383.46M	486.56M	298.74M	405.65M
Gross Profit	253.76M	183.25M	251.84M	166.40M	217.26M
EBITDA	247.96M	196.92M	234.90M	116.70M	213.39M
Net Income	104.76M	65.03M	83.21M	41.62M	82.40M
Balance Sheet
Total Assets	1.25B	1.22B	994.80M	948.75M	959.36M
Cash, Cash Equivalents and Short-Term Investments	639.60M	593.50M	336.58M	242.26M	257.52M
Total Debt	746.00K	30.00M	33.68M	36.70M	35.57M
Total Liabilities	201.50M	241.97M	235.71M	300.98M	312.00M
Stockholders Equity	883.46M	911.40M	621.85M	597.73M	571.70M
Cash Flow
Free Cash Flow	160.73M	97.21M	167.73M	58.59M	152.66M
Operating Cash Flow	212.19M	174.33M	232.93M	135.77M	210.77M
Investing Cash Flow	-56.98M	-75.51M	-65.19M	-67.42M	-62.82M
Financing Cash Flow	-107.18M	206.31M	-62.63M	-89.58M	-66.19M

Persistence Resources Group Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2489, the sentiment is Neutral. The current price of 1.41 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.46, and above the 200-day MA of 1.19, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 18.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2489.

Persistence Resources Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1712	77 Outperform	1.13B	9.54	15.76%	―	63.46%	225.78%
0340	71 Outperform	9.59B	19.66	8.51%	0.55%	6.76%	239.14%
3330	68 Neutral	21.18B	15.80	20.62%	1.09%	70.92%	249.45%
2489	66 Neutral		23.70	11.84%	2.13%	―	―
8299	56 Neutral	2.30B	33.70	10.37%	―	94.75%	5.75%
0621	47 Neutral	943.88M	-42.28	0.00%	―	0.00%	-16.04%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Persistence Resources Group Ltd Corporate Events

Persistence Resources Group Temporarily Halts Songjiagou Underground Mine Production

Persistence Resources Group Ltd announced the temporary suspension of production activities at its Songjiagou Underground Mine due to the expiration of its safety production permit. The company is awaiting a new permit from the Shandong Provincial Emergency Management Department, which is expected by the end of October 2025. In the meantime, Yantai Zhongjia will continue processing ore previously mined and maintain normal operations at its Songjiagou Open-Pit Mine. This strategic pause aims to facilitate safety inspections and ensure compliance with regulatory standards, potentially impacting the company’s short-term production but aligning with long-term operational safety and regulatory compliance.

The most recent analyst rating on (HK:2489) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Persistence Resources Group Ltd stock, see the HK:2489 Stock Forecast page.

Persistence Resources Group Ltd Announces Interim Dividend

Persistence Resources Group Ltd has announced an interim ordinary cash dividend of HKD 0.03 per share for the financial year ending December 31, 2025. The ex-dividend date is set for September 10, 2025, with the payment date scheduled for October 2, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively influence investor sentiment.

The most recent analyst rating on (HK:2489) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Persistence Resources Group Ltd stock, see the HK:2489 Stock Forecast page.

Persistence Resources Group Ltd Reports Strong Interim Results for 2025

Persistence Resources Group Ltd announced a significant increase in its financial performance for the first half of 2025, with revenue rising by 28.5% to approximately RMB303.5 million and net profit increasing by 8.4% to approximately RMB85.5 million compared to the same period in 2024. The company also declared an interim dividend of HK3.00 cents per share, reflecting a commitment to returning value to shareholders, with a total payout of approximately HK$60 million.

The most recent analyst rating on (HK:2489) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Persistence Resources Group Ltd stock, see the HK:2489 Stock Forecast page.

Persistence Resources Group Ltd Schedules Board Meeting for Interim Results

Persistence Resources Group Ltd has announced a Board meeting scheduled for August 29, 2025, to approve the interim results for the first half of the year and consider the payment of an interim dividend. This announcement may impact the company’s financial operations and provide insights into its performance and potential shareholder returns.

Persistence Resources Group Announces Executive Resignation

Persistence Resources Group Ltd announced the resignation of Mr. Lo Cheuk Kwong Raymond from his roles as executive director, company secretary, and authorized representative due to health reasons, effective November 5, 2025. Mr. Lo will continue as the chief financial officer, and the company plans to appoint a new company secretary and authorized representative soon. The board expressed gratitude for Mr. Lo’s contributions, and he confirmed no disagreements with the board or management.

Persistence Resources Group Ltd Suspends DGZ Mine Operations After Fatal Accident

Persistence Resources Group Ltd has announced the suspension of production at its Denggezhuang Underground Mine following a fatal accident involving a worker. The Shandong Provincial Emergency Management Department and the State Mine Safety Supervision Administration have ordered the halt of operations and the rectification of safety issues, with an investigation underway to determine the cause and responsibility for the incident. The company is cooperating with authorities to ensure safety measures are implemented and will provide updates on the mine’s status as appropriate.

Persistence Resources Group Ltd Grants 21 Million Share Options

Persistence Resources Group Ltd has announced the granting of 21,000,000 share options to certain directors and employees under its Share Option Scheme. This grant represents approximately 1.05% of the company’s total shares in issue, indicating a strategic move to incentivize key personnel and align their interests with the company’s growth objectives.

Persistence Resources Group Ltd Successfully Passes All AGM Resolutions

Persistence Resources Group Ltd, a company incorporated in the Cayman Islands, held its Annual General Meeting (AGM) on June 26, 2025, where all proposed resolutions were passed by shareholders. The resolutions included re-electing directors, authorizing the board to fix directors’ remuneration, re-appointing Ernst & Young as auditors, and granting mandates to the board for share allotment and repurchase. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued governance and operational stability.