消息上，周一纽约时段，现货黄金价格加速上涨，亚洲早盘，现货黄金涨超1%，最高至4490.88美元/盎 司，续创历史新高，年内累涨超71%。分析认为，最新一波上涨源于交易员押注美联储将在2026年降息 两次，美国总统特朗普也公开主张较宽松的货币政策，利率下行通常会给不用支付利息的贵金属提供支 撑。与此同时，地缘政治风险也强化了黄金和白银的避险属性。 港股黄金股继续上涨行情，其中，山东黄金涨超4%，招金矿业涨3.9%，灵宝黄金涨3%，赤峰黄金、紫 金黄金国际、珠峰黄金涨超2%，中国黄金国际、潼关黄金涨1.7%。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 01787 | 山东黄金 | 37.760 | 4.37% | | 01818 | 招等矿业 | 33.540 | 3.90% | | 03330 | 灵宝黄金 | 19.460 | 2.96% | | 02489 | 集海资源 | 1.120 | 2.75% | | 06693 | 赤峰黄金 | 32.620 | 2.45% | | 02259 | 紫金黄金国际 | 155.600 | 2.44% ...

Core Insights - The article highlights the top short-selling stocks in the market, indicating significant investor sentiment and potential market movements [1][2]. Short-Selling Ratios - Anta Sports (82020) has the highest short-selling ratio at 100.00%, followed by China Mobile (80941) at 86.71% and BYD Company (81211) at 82.34% [1][2]. - Other notable companies with high short-selling ratios include China Resources Beer (80291) at 74.99% and JD.com (89618) at 71.60% [2]. Short-Selling Amounts - Xiaomi Group (01810) leads in short-selling amount with 2.798 billion, followed by Tencent Holdings (00700) at 1.686 billion and Ping An Insurance (02318) at 1.465 billion [1][2]. - Alibaba (09988) and Meituan (03690) also feature prominently with short-selling amounts of 1.424 billion and 1.253 billion respectively [2]. Deviation Values - China Sanjiang Chemical (02198) has the highest deviation value at 41.73%, indicating a significant difference from its average short-selling ratio over the past 30 days [1][2]. - Other companies with high deviation values include Television Broadcasts (00511) at 38.56% and China Mobile (80941) at 38.41% [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 PERSISTENCE RESOURCES GROUP LTD 集海資源集團有限公司 （股份代號：2489） （於開曼群島註冊成立的有限公司） 於2025年12月12日舉行之股東特別大會 投票表決結果 由於超過75%之 票 數 贊 成 特 別 決 議 案，因 此 第1項決議案獲正式通過為本公司 特 別 決 議 案。 承董事會命 茲 提 述 集 海 資 源 集 團 有 限 公 司（「本公司」）日 期 均 為2025年11月24日之股東特別 大 會（「股東特別大會」）通 函（「通 函」）及 股 東 特 別 大 會 通 告（「通 告」）。除 非 文 義 另 有 所 指，本 公 告 所 用 詞 彙 與 通 函 所 界 定 者 具 有 相 同 涵 義。 股東特別大會結果 於2025年12月12日 ...

Group 1 - Hong Kong gold stocks collectively declined at the beginning of trading, with notable drops including China Silver Group down 4.29%, Zhaojin Mining down 4.14%, and Zijin Mining down 3.89% [1][2] - The International Bank for Settlements (BIS) reported that the simultaneous surge in gold and stock prices this year is unprecedented in at least half a century, indicating potential bubble risks in both asset classes [2] - Retail investors have driven the recent surge in gold prices, shifting gold from a traditional safe-haven asset to a more speculative one, with evidence suggesting that retail participation has amplified this trend [2] Group 2 - Russian Deputy Prime Minister Novak announced that Russia will restrict gold exports starting in 2026, which may impact global gold supply dynamics [2]

截至月份: 2025年11月30日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 集海資源集團有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02489 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法 ...

Core Insights - The Hong Kong stock market's gold and precious metals sector experienced significant gains, with China Silver Group rising over 11% and other companies like Lingbao Gold and Zijin Mining also seeing substantial increases [1][2] - The rise in gold and silver prices is attributed to potential interest rate cuts by the Federal Reserve, with spot gold surpassing $4,250 per ounce and spot silver breaking $57, marking a nearly doubled increase year-to-date [1] Company Performance - China Silver Group: Increased by 11.27%, latest price at $0.790, market cap at 2.334 billion, year-to-date increase of 234.75% [2] - Lingbao Gold: Increased by 6.96%, latest price at $17.520, market cap at 22.548 billion, year-to-date increase of 562.85% [2] - Zijin Mining: Increased by 6.51%, latest price at $32.700, market cap at 869.086 billion, year-to-date increase of 140.52% [2] - Zhaojin Mining: Increased by 6.33%, latest price at $30.900, market cap at 109.46 billion, year-to-date increase of 183.34% [2] - Long Resources: Increased by 4.75%, latest price at $7.060, market cap at 1.339 billion, year-to-date increase of 358.44% [2] - Shandong Gold: Increased by 4.51%, latest price at $36.140, market cap at 166.603 billion, year-to-date increase of 196.06% [2] - Other notable performers include Zijin Gold International, Chifeng Jilong Gold Mining, and Qomolangma Gold, all showing positive year-to-date performance [2]

Group 1 - The Hong Kong stock market's gold and precious metals sector has strengthened, with China Silver Group surging over 11% and other companies like Lingbao Gold, Zijin Mining, and Zhaojin Mining rising over 6% [1] - The increase in gold and silver prices is attributed to the potential interest rate cuts by the Federal Reserve, with spot gold breaking through $4,250 per ounce and spot silver surpassing $57, marking a historical high and nearly doubling in price year-to-date [1] - Analysts suggest that the speculation around the White House National Economic Council Director Hassett as a potential successor to Powell has contributed to increased buying in precious metals [1] Group 2 - China Silver Group (00815) saw a price increase of 11.27%, with a market capitalization of 2.334 billion and a year-to-date increase of 234.75% [2] - Lingbao Gold (03330) rose by 6.96%, with a latest price of 17.520 and a market cap of 22.548 billion, reflecting a year-to-date increase of 562.85% [2] - Zijin Mining (02899) increased by 6.51%, with a current price of 32.700 and a market cap of 86.9086 billion, showing a year-to-date rise of 140.52% [2] - Zhaojin Mining (01818) experienced a 6.33% increase, with a latest price of 30.900 and a market cap of 109.46 billion, marking a year-to-date increase of 183.34% [2] - Other notable performers include Long Resources (01712) up 4.75%, Shandong Gold (01787) up 4.51%, and Zijin Gold International (02259) up 3.88% [2]

Core Insights - The company reported a revenue of approximately RMB 450 million for the third quarter of 2025, representing a year-on-year increase of about 23.4% [1] - The increase in revenue was primarily driven by a 34.6% rise in average selling prices, although this was offset by an 8.3% decline in sales volume [1] - The company's gross profit for the period was approximately RMB 232 million, reflecting a gross profit increase of about 21.0%, mainly due to the rise in average selling prices, although partially offset by increased sales costs [1] - The profit attributable to the company's shareholders was approximately RMB 88.13 million, marking a year-on-year increase of about 3.0% [1]

Core Insights - The company reported a revenue of 450 million, representing a year-on-year increase of 23.41% [1] - The profit attributable to the parent company was 88.127 million, reflecting a year-on-year increase of 2.98% [1] - Earnings per share stood at 4.41 cents [1] Revenue Analysis - The increase in revenue was primarily driven by a 34.6% rise in average selling prices compared to the previous period [1] - However, this revenue growth was offset by an 8.3% decline in sales volume [1]

Financial Performance - Revenue for the nine months ended September 30, 2025, was RMB 450,346,000, representing a 23.4% increase from RMB 364,905,000 in the same period of 2024[4] - Gross profit for the same period was RMB 231,887,000, up 21.0% from RMB 191,610,000 year-over-year[4] - Profit before tax for the nine months was RMB 182,156,000, compared to RMB 172,381,000 in 2024, reflecting a 5.5% increase[4] - Net profit for the period was RMB 117,933,000, slightly down from RMB 117,995,000 in the previous year, indicating a marginal decrease of 0.1%[4] - Basic and diluted earnings per share for the nine months were RMB 4.41, compared to RMB 4.28 in 2024, showing an increase of 3.0%[6] - Revenue for the reporting period was approximately RMB 450,346,000, an increase of approximately 23.4% compared to RMB 364,905,000 in the comparable period, primarily due to an average selling price increase of approximately 34.6% despite an 8.3% decrease in sales volume[19][23] - Net profit for the reporting period was approximately RMB 117,933,000, a slight decrease of about 0.2% compared to RMB 117,995,000 in the comparable period[20] - Basic and diluted earnings per share for ordinary shareholders were approximately RMB 4.41, an increase of about 3.0% compared to RMB 4.28 in the comparable period[21] - Gross profit for the reporting period was approximately RMB 231,887,000, an increase of about 21.0% compared to RMB 191,610,000 in the comparable period, with a gross profit margin of approximately 51.5%, down about 1.0% from the comparable period[25] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled RMB 1,081,553,000, significantly up from RMB 567,571,000 at the end of 2024[7] - Current assets increased to RMB 768,739,000 from RMB 687,391,000, marking an increase of 11.8%[7] - Total liabilities as of September 30, 2025, were RMB 301,363,000, compared to RMB 62,127,000 in 2024, indicating a substantial rise[8] - The company's net assets reached RMB 1,208,594,000, up from RMB 1,053,459,000 in the previous year, reflecting a growth of 14.7%[8] - The group's operating working capital as of September 30, 2025, was approximately RMB 428,404,000, a decrease from approximately RMB 548,015,000 on December 31, 2024, mainly due to an increase in interest-bearing bank loans[32] - As of September 30, 2025, the group had outstanding bank loans of approximately RMB 174,750,000, compared to none on December 31, 2024[33] - The total debt-to-asset ratio as of September 30, 2025, was approximately 14.5%, with cash and cash equivalents exceeding financial liabilities[35] Cash Flow and Investments - Operating cash flow for the nine months ended September 30, 2025, was RMB 110,602,000, a decrease of 32.3% compared to RMB 163,624,000 for the same period in 2024[9] - Net cash used in investing activities for the nine months ended September 30, 2025, was RMB 89,275,000, an increase of 96.0% from RMB 45,542,000 in 2024[11] - Cash and cash equivalents at the end of the reporting period increased to RMB 661,382,000, up from RMB 601,138,000 at the end of the previous year, representing a growth of 10.0%[11] - The company reported a net cash inflow from financing activities of RMB 1,762,000, a recovery from a net outflow of RMB 105,707,000 in the previous year[11] - As of September 30, 2025, the group's cash and cash equivalents increased to approximately RMB 661,382,000 from RMB 639,599,000 on December 31, 2024, primarily due to net cash generated from operating activities[32] Operational Metrics - The company experienced a decrease in inventory by RMB 2,677,000, contrasting with an increase of RMB 5,028,000 in the same period last year[9] - Trade payables increased by RMB 9,944,000, compared to an increase of RMB 1,707,000 in the previous year, indicating a significant rise in operational liabilities[9] - The total gold production during the reporting period was approximately 641.8 kg (or about 20,633.8 ounces), a decrease of approximately 5.9% compared to the comparable period[18] Expenses and Costs - Administrative expenses increased by approximately 50.9% to about RMB 46,386,000, primarily due to additional legal and professional fees related to the acquisition of Yantai Mijin and increased R&D expenses[27] - Other income and gains decreased by approximately 21.0% to about RMB 12,075,000, mainly due to reduced interest income from cash and cash equivalents[26] - Financing costs increased by approximately RMB 2,929,000 to about RMB 4,949,000, primarily due to increased interest expenses on bank loans[29] - The depreciation of property, plant, and equipment increased to RMB 43,778,000 from RMB 31,673,000, marking a rise of 38.2%[9] Risk Management - The group faced various financial risks, including interest rate risk, credit risk, foreign currency risk, and liquidity risk, and adopted a conservative risk management strategy[36] - As of September 30, 2025, the group had no significant contingent liabilities[44] - The group had a total capital commitment of approximately RMB 81,978,000 related to contract costs as of September 30, 2025, compared to zero on December 31, 2024[43] - The group held approximately RMB 34,751,000 in cash as an environmental restoration guarantee deposit for land developed for mining, in compliance with relevant Chinese laws[42] - The group’s trade receivables balance was zero as of September 30, 2025, indicating a significant reduction in credit risk[39] - The group’s cash and cash equivalents included approximately RMB 106,009,000 in USD and RMB 625,000 in CAD as of September 30, 2025[32] Corporate Governance - The board of directors is composed of executive directors Dr. Shao Xu Xin and Mr. Mackie James Thomas, along with non-executive director Mr. Chen Li Bei and independent non-executive directors Dr. Malaihollo Jeffrey Francis A, Mr. Chen Yi Fen, Dr. Zeng Ming, and Ms. Liu Li[46]