Aankondiging • May 08
Persistence Resources Group Ltd to Report Q1, 2026 Results on Jun 01, 2026 Persistence Resources Group Ltd announced that they will report Q1, 2026 results on Jun 01, 2026 Aankondiging • Mar 31
Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2026 Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2026. Aankondiging • Mar 09
Persistence Resources Group Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Persistence Resources Group Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$1.18, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 20x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 52% over the past year. Aankondiging • Jan 14
Persistence Gold Group Ltd Appoints Chen Zhuping as Executive Director and Executive Vice President, Effective January 12, 2026 The board of directors of Persistence Gold Group Ltd. announced that Mr. Chen Zhuping has been appointed as an executive director and executive vice president of the Company, with effect from 12 January 2026. Mr. Chen Zhuping ("Mr. Chen"), aged 51, is a member of the Communist Party of China and holds a doctoral degree, with qualifications as Chinese Certified Public Accountant, Chinese Certified Tax Agent and securities-related accounting professional, and he obtained a Bachelor's degree in Economics from Anhui University of Finance and Economics, a Master's degree in Public Administration from Peking University and a Doctor of Laws degree from Nanjing University, and was a visiting scholar at West Virginia University in the United States from 2007 to 2008. From 2001 to 2018, he held various positions in Shanghai Qingpu District, including deputy director of the Qingpu District audit bureau, director and deputy Party secretary of the Shanghai Qingpu District State-owned Assets Supervision and Administration Commission, mayor and deputy Party secretary of Qingpu District Zhonggu Town, and later member of the Qingpu District Party committee and Party secretary of Qingpu District Zhonggu Town. From 2018 to 2020, Mr. Chen served as senior vice president and then executive president of Guangwei Holdings Company Limited and chairman of Business Aviation Asia Limited, and since 2021 he has been the president of Shanghai Maipai Investment Co. Ltd. and, since August 2025, also the vice president of Shanghai Xiaocao Green Energy New Materials Co. Ltd. He has served as an advisor to the Company since May 2021. There is a service agreement between Mr. Chen and the Company, and his current appointment as an executive director and executive vice president of the Company is for a term of three years commencing from 12 January 2026. Mr. Chen is subject to retirement and re-election at the next following annual general meeting of the Company after his appointment and thereafter subject to retirement by rotation and re-election at least once in every three years in accordance with the articles of association of the Company. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.29, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 18x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 59% over the past year. Board Change • Dec 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Li Bei Chen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 03
Persistence Resources Group Ltd to Report Q3, 2025 Results on Nov 28, 2025 Persistence Resources Group Ltd announced that they will report Q3, 2025 results on Nov 28, 2025 Aankondiging • Oct 14
Persistence Resources Group Ltd has completed a Follow-on Equity Offering in the amount of HKD 472 million. Persistence Resources Group Ltd has completed a Follow-on Equity Offering in the amount of HKD 472 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: HKD 1.18
Discount Per Security: HKD 0.02
Transaction Features: Subsequent Direct Listing New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (HK$13m sold). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to HK$1.92, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 15x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 142% over the past year. Recent Insider Transactions • Sep 03
Non-Executive Director recently sold HK$216k worth of stock On the 1st of September, Li Bei Chen sold around 125k shares on-market at roughly HK$1.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 101% Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Aug 31
Dividend of HK$0.03 announced Shareholders will receive a dividend of HK$0.03. Ex-date: 10th September 2025 Payment date: 2nd October 2025 Dividend yield will be 2.0%, which is about the same as the industry average. Aankondiging • Aug 15
Persistence Resources Group Ltd to Report First Half, 2025 Results on Aug 29, 2025 Persistence Resources Group Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.56, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 146% over the past year. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued Over the last 90 days, the stock has risen 124% to HK$1.86. The fair value is estimated to be HK$2.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$2.04, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 199% over the past year. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: CN¥0.015 (vs CN¥0.02 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.015. Revenue: CN¥138.5m (up 27% from 1Q 2024). Net income: CN¥29.7m (up 14% from 1Q 2024). Profit margin: 21% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$1.52, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 93% over the past year. Aankondiging • May 20
Persistence Resources Group Ltd to Report Q1, 2025 Results on May 30, 2025 Persistence Resources Group Ltd announced that they will report Q1, 2025 results on May 30, 2025 Buy Or Sell Opportunity • May 09
Now 22% undervalued Over the last 90 days, the stock has risen 56% to HK$1.23. The fair value is estimated to be HK$1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 244%. Buy Or Sell Opportunity • Apr 17
Now 21% undervalued Over the last 90 days, the stock has risen 39% to HK$1.15. The fair value is estimated to be HK$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 244%. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to HK$1.23, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 41% over the past year. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥5.24 (vs CN¥0.043 in FY 2023) Full year 2024 results: EPS: CN¥5.24 (up from CN¥0.043 in FY 2023). Revenue: CN¥499.5m (up 30% from FY 2023). Net income: CN¥104.8m (up 61% from FY 2023). Profit margin: 21% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Aankondiging • Mar 28
Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2025 Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2025. Aankondiging • Mar 10
Persistence Resources Group Ltd to Report Fiscal Year 2024 Results on Mar 28, 2025 Persistence Resources Group Ltd announced that they will report fiscal year 2024 results on Mar 28, 2025 Aankondiging • Feb 04
Persistence Resources Group Ltd Announces Resignation of Mr. Chen Shaohui as Executive Director, Effective from 5 February 2025 Persistence Resources Group Ltd. announced Mr. Chen Shaohui ("Mr. Chen") has tendered his resignation as an executive Director of the Company with effect from 4 February 2025. Following his resignation, Mr. Chen has been appointed as a consultant of the Company with effect from 5 February 2025 for a period of two years. Aankondiging • Jan 15
Persistence Resources Group Ltd (SEHK:2489) completed the acquisition of an unknown stake in Yantai City Mujin Mining Company Limited. Persistence Resources Group Ltd (SEHK:2489) entered into a Share Purchase Agreement to acquire an unknown stake in Yantai City Mujin Mining Company Limited for CNY 29.4 million on November 25, 2024. In a related transaction, Persistence Resources Group Ltd (SEHK:2489) agreed to acquire stake in Yantai City Mujin Mining Company Limited for CNY 52.5 million through a capital increase. The total aggregate consideration to be paid for the said acquisition of 52% of Yantai City Mujin Mining Company Limited is CNY 81.9 million.
The transaction is subject to approval by regulatory board / committee.
The transaction will be financed through equity investment of CNY 81.9 million.
Persistence Resources Group Ltd (SEHK:2489) completed the acquisition of an unknown stake in Yantai City Mujin Mining Company Limited on January 13, 2025. As of January 13, 2025 all conditions have been fulfilled. Reported Earnings • Nov 30
Third quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.005 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.014 (up from CN¥0.005 in 3Q 2023). Revenue: CN¥128.7m (up 38% from 3Q 2023). Net income: CN¥28.3m (up 104% from 3Q 2023). Profit margin: 22% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Nov 26
Majestic Gold Corp. (TSXV:MJS) entered into a Share Purchase Agreement to acquire an unknown stake in Yantai City Mujin Mining Company Limited for CNY 29.4 million. Majestic Gold Corp. (TSXV:MJS) entered into a Share Purchase Agreement to acquire an unknown stake in Yantai City Mujin Mining Company Limited for CNY 29.4 million on November 25, 2024. In a related transaction, Majestic Gold Corp. agreed to acquire stake in Yantai City Mujin Mining Company Limited for CNY 52.5 million through a capital increase. The total aggregate consideration to be paid for the said acquisition of 52% of Yantai City Mujin Mining Company Limited is CNY 81.9 million.
The transaction is subject to approval by regulatory board / committee. Aankondiging • Nov 11
Persistence Resources Group Ltd to Report Nine Months, 2024 Results on Nov 29, 2024 Persistence Resources Group Ltd announced that they will report nine months, 2024 results on Nov 29, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.012 (vs CN¥212 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.012. Revenue: CN¥126.9m (up 25% from 2Q 2023). Net income: CN¥31.1m (up 84% from 2Q 2023). Profit margin: 25% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Aug 30
Persistence Resources Group Ltd Announces Ordinary Interim (Semi-Annual) Dividend for the Period Ended June 30, 2024, Payable on September 25, 2024 Persistence Resources Group Ltd. announced ordinary Interim (Semi-annual) dividend is HKD 0.0295 per share for the period ended June 30, 2024. Ex-dividend date is September 11, 2024. Record date is September 17, 2024. Payment date is September 25, 2024. Aankondiging • Aug 12
Persistence Resources Group Ltd to Report First Half, 2024 Results on Aug 30, 2024 Persistence Resources Group Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jul 09
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to HK$0.70. The fair value is estimated to be HK$0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 37%. Board Change • Jun 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non Executive Director Jeff Malaihollo was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Jun 27
Persistence Resources Group Ltd Appoints Chen Li Bei as A Non-Executive Director Persistence Resources Group Ltd. at its annual general meeting held on June 26, 2024, approved the appointment of Mr. Chen Li Bei as a non-executive director of the Company. Buy Or Sell Opportunity • Jun 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to HK$0.70. The fair value is estimated to be HK$0.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 37%. New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 8.4% over the past year. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Buy Or Sell Opportunity • Apr 30
Now 21% undervalued Over the last 90 days, the stock has risen 39% to HK$0.78. The fair value is estimated to be HK$0.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 37%. New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 8.4% over the past year. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Buy Or Sell Opportunity • Apr 15
Now 20% undervalued Over the last 90 days, the stock has risen 45% to HK$0.81. The fair value is estimated to be HK$1.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 37%. Aankondiging • Mar 30
Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2024 Persistence Resources Group Ltd, Annual General Meeting, Jun 26, 2024. New Risk • Mar 29
New major risk - Revenue and earnings growth Revenue has declined by 8.4% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.04 (vs CN¥1,040 in FY 2022) Full year 2023 results: EPS: CN¥0.04 (down from CN¥1,040 in FY 2022). Revenue: CN¥383.5m (down 8.4% from FY 2022). Net income: CN¥65.0m (down 22% from FY 2022). Profit margin: 17% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Aankondiging • Mar 14
Persistence Resources Group Ltd to Report Q4, 2023 Results on Mar 28, 2024 Persistence Resources Group Ltd announced that they will report Q4, 2023 results on Mar 28, 2024 Board Change • Jan 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Jeff Malaihollo was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 23
Persistence Resources Group Ltd has completed an IPO in the amount of HKD 275 million. Persistence Resources Group Ltd has completed an IPO in the amount of HKD 275 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: HKD 0.55
Discount Per Security: HKD 0.01925
Security Name: Shares
Security Type: Common Stock
Securities Offered: 252,000,000
Price\Range: HKD 0.55
Discount Per Security: HKD 0.01925
Security Name: Shares
Security Type: Common Stock
Securities Offered: 198,000,000
Price\Range: HKD 0.55
Discount Per Security: HKD 0.01925
Transaction Features: Regulation S