0.71
-2.74%
Close of 9 Nov 2026, in HKD
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About Persistence Gold Group
Its shares trade on HKEX under the ticker 2489.HK. It has been listed since 22 December 2023. In the fiscal year to 31 December 2024, it reported revenue of CN¥499.5m and net income of CN¥104.8m. At that date it held total assets of CN¥1.25bn and shareholders' equity of CN¥883.5m.
Persistence Resources Group Ltd is a CN-based company operating in Metals & Mining industry. The company is headquartered in Yantai, Shandong. The company went IPO on 2023-12-22. Persistence Resources Group Ltd is a China-based company mainly engaged in the exploration, mining and processing of gold. The firm carries out mining engineering through raw materials, equipment and machinery provided by suppliers to process ore into gold concentrate. The firm also sells Au99.95 gold ingots refined by third party smelters from gold concentrates processed by the Company.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 22 Dec 2023
- Employees
- 435
- Website
- persistenceresource.com ↗
Leadership
Pay as last reported
- Dr. Xuxin ShaoExecutive Chairman, Chief Executive Officer, since 2019CN¥488,000
- Mr. Cheuk Kwong LoChief Financial Officer, Executive Director, Company Secretary, since 2019CN¥1.0m
- Mr. Shufeng ZhouChairman of the Board and General Manager of Yantai Zhongjia
- Mr. James MackieExecutive Director, since 2019CN¥399,000
- Mr. Yong HuangHead of Mine Operations
- Mr. Li Bei ChenNon-Executive Director
- Mr. Ngai Fan ChanNon-Executive Independent Director
- Ms. Li LiuNon-Executive Independent Director
- Dr. Jeffrey Francis MalaiholloNon-Executive Independent Director
- Dr. Ming ZengNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Company operates in the Metals & Mining sector with a focus on gold exploration and processing.
- Headquartered in Yantai, Shandong, with 435 employees supporting operations.
- IPO completed on 2023-12-22, indicating recent market entry.
Weaknesses
- Company is a newly listed entity with limited historical financial data available.
- Reliance on third-party smelters for refining gold ingots may introduce supply chain risks.
- Limited information on specific mining operations or resource reserves provided.
Opportunities
- Growing demand for gold in global markets could increase revenue potential.
- Expansion of mining operations could enhance resource extraction capabilities.
- Potential for partnerships with suppliers to secure raw materials and equipment.
Threats
- Market volatility in the gold industry may affect profitability.
- Regulatory changes in China's mining sector could impact operations.
- Competition from established mining companies may limit market share growth.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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